Dallas, Texas, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Rapidly evolving nutraceutical and pharmaceutical industries and growing awareness among people about the benefits of ginkgo biloba extract is propelling the global ginkgo biloba extract market growth. Moreover, rising commercialization of ginkgo biloba extract, reimbursement policies, supportive government regulations are favourable growth opportunities. Post Covid led market situation gaining economic momentum is also the key factor driving the global Ginkgo Biloba Extract market growth.
Ginkgo Biloba is a tree and its leaves have many medicinal properties. The leaves of ginkgo biloba or its extract is usually used in medical or therapeutic supplements and taken orally in the form of powder, liquid, or drug to address problems like memory loss and fatigue. The extract obtained from ginkgo biloba tree leaves that are used as herbal remedy for treating many health conditions is referred to ginkgo biloba extract.
It was originally found in China, Korea, and some parts of Japan but now it is grown for commercial purposes in the United States and European countries. The ginkgo biloba extract improves blood circulation, and also acts as an antioxidant that helps slow down changes in brain. These properties are furthering adoption of ginkgo biloba extract.
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Leading competitors listed in the Ginkgo Biloba Extract Market
Wagott
Schwabe
Blackmores
Solgar
Nature’s Bounty
Good 'N Natural
Conba
21st Century
Nature Made
Jarrow Formula
Sundown Naturals
Hussong
Solaray
Ipsen
Nuokete
Zhongbao
Schwabe
Tokiwa
CONBA Pharmaceutical
Delekang
Wagott
Green-Health Pharmaceutical
Sine Promod Pharmaceutical
Ginkgo Biloba Extract Market Different product categories include:
Capsule
Tablet
Liquid
Global Ginkgo Biloba Extract Market has a number of end-user applications including:
Food Industry
Pharmaceuticals Industry
Beverages Industry
Cosmetics Industry
The ginkgo biloba extract is used for many other purposes like to address vision problems, memory issues, depression or anxiety. The ginkgo biloba extract has been found to be possibly effective for Alzheimer’s disease, premenstrual syndrome, schizophrenia, stroke, dizziness, etc. This is increasing the use of ginkgo biloba extract that thereby driving the global ginkgo biloba market.
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However, notions such as the use of ginkgo biloba extract not being safe for pregnant women, breast feeding mothers, children, bleeding disorders, diabetic people or patients who have undergone surgery are hampering further growth progress. This is anticipated to hamper the market growth. Furthermore, increasing R&D, government initiatives, innovations reducing the occurrence of side effects is projected to positively influence the market growth.
In addition to this, benefits observed by the patients, constant studies and newer products coming in the market with minimal or zero side effects addressing the need for patient suffering from various health conditions are boosting the global Ginkgo Biloba Extract market.
The key companies manufacturing Ginkgo Biloba Extract based products are Huisong, Sine Promod Pharmaceutical, Wagott, Delekang, Green-Health Pharmaceutical, CONBA Pharmaceutical, Zhongbao, Nuokete, Tokiwa, Schwabe, Ipsen, Solaray, Jarrow Formula, Sundown Naturals, Nature Made, Conba, 21st Century, Good 'N Natural, Blackmores, Nature’s Bounty, Solgar, Schwabe, and Wagott among others worldwide start-ups and well-established players.
These companies are serving to many industries like food, cosmetics, pharmaceutica, etc. The companies’ ginkgo biloba extract based products are preferred more in the aforementioned industries than any other brands in the world for they obtain it from highest quality raw material. Most importantly, the companies follow strict quality and traceability control protocols.
This helps the firms ensure maximum purity, efficacy, and purity of the products. This has improved sales and revenue of the companies and has made them key dominators in the global ginkgo biloba extract market.
Moreover, to maintain market competitiveness the companies have expanded their manufacturing plants worldwide and taking strategic efforts like mergers & acquisitions, and partnerships to strengthen extensive networks in countries including USA, India, and China. These countries being at the forefront of developments the companies are targeting customers in these nations. It has boosted their market revenue and sales taking them in the top list of global ginkgo biloba extract market enabling flourishing progress.
TOC Snapshot:
1. Introduction
1.1. Introduction
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions, and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Five Forces Analysis
3.4. PEST Analysis
4. Ginkgo Biloba Extract Market by Type, 2018-2028 (USD Billion)
4.1. Capsule
4.2. Tablet
4.3. Liquid
5. Ginkgo Biloba Extract Market by End-Use, 2018-2028 (USD Billion)
5.1. Food Industry
5.2. Beverage Industry
5.3. Cosmetic Industry
5.4. Pharmaceutical Industry……..continued
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