Ginkgo Biloba Extract Market : Global Size, Share, Challenges and Impediments Forecast, 2016-2024
Global Ginkgo Biloba Extract Market: Overview
The common name of the ginkgo biloba is ginkgo and it comes under the family of Ginkgoaceae. Mostly, the ginkgo is found in the countries of Asia region such as Korea, China, and Japan. It is now been grown in the countries of the European region and in the U.S. The ginkgo biloba extract is being used as a dietary supplement. The ginkgo biloba extract is used for the treatment of several diseases, which includes the people those who are having memory disorders such as the Alzheimer’s disease.
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Global Ginkgo Biloba Extract Market: Segmentation
The global market for the ginkgo biloba extract is fragmented into its application and type. Based on the application, the global market is segregated into cosmetics, food, and pharmaceuticals. Among the application segments, the food segment is contributing a major market share and the research on the ginkgo biloba extract is also influencing the pharmaceutical sector. Based on the type, the market is categorized into the capsule, tablet, and liquid form. The popular form of the ginkgo biloba extract is the tablet form.
Global Ginkgo Biloba Extract Market: Growth Factors
The major factor that is driving the ginkgo biloba market is the increasing demand for the anti-aging cream. The extract of ginkgo biloba is a good source of flavonoid. The other additional characteristics that the ginkgo biloba extract consists of is anti-influenza property, anti-neoplastic property, scent property, anti-inflammatory property, antioxidant property, anti-bacterial property, and also helps in reducing the Raynaud’s syndrome. Owing to these benefits the demand for the extract increases thus contributing to the market growth. Other benefits of the ginkgo biloba extract are it helps in treating the disorders of the central nervous system, slow down the process of aging, and helps in treating bronchitis and asthma. It is due to these beneficial properties that the ginkgo biloba extract is in high demand in the pharmaceutical sector thus driving the global growth of the market. The increasing awareness among the consumers about the health benefits of the ginkgo biloba extract also contributes to the market growth.
Global Ginkgo Biloba Extract Market: Regional Analysis
According to the regional study, the global market for the ginkgo biloba extract is diversified into North America, Western Europe, Asia Pacific, the Middle East and Africa, Eastern Europe, and Latin America. The region that is dominating the ginkgo biloba extract market is the Asia Pacific. The factor owing to which the region is dominating the global market is that this region is the largest consumer and producer of the ginkgo biloba extract. The developing countries Korea and China are producing the major revenue from this market. The other regions such as Europe and the North America are also contributing a good share of the global ginkgo biloba market.
Global Ginkgo Biloba Extract Market: Competitive Players
The key market players that are involved in the ginkgo biloba extract market include Wagott, Schwabe, Solgar, Nature’s Bounty, Good ‘N Natural, 21st Century, Conba, Sundown Naturals, Nature Made, Jarrow Formula, Blackmores, Solaray, and others.