Ginkgo Leaf Extract Market Size, Share, Industry, Forecast and outlook (2024-2031)

Report Overview

Global Ginkgo Leaf Extract Market reached US$ 1.9 billion in 2023 and is expected to reach US$ 2.8 billion by 2031, growing with a CAGR of 4.9% during the forecast period 2024-2031.

The global ginkgo leaf extract market is experiencing significant growth, driven by rising consumer interest in natural and herbal supplements, along with increasing awareness of the health benefits associated with ginkgo biloba. Ginkgo leaf extract, derived from one of the oldest living tree species, is widely recognized for its antioxidant properties and its role in improving cognitive function, memory and circulation. 

Consumers are increasingly looking for transparency in the ingredients used in their supplements and this has led to a growing preference for products that are free from additives, chemicals and pesticides. This trend has encouraged manufacturers to source ginkgo biloba from organic farms and to ensure that their extraction processes adhere to clean-label standards. As a result, the global ginkgo leaf extract market is seeing an increase in the production and marketing of organic and sustainably sourced ginkgo products.

For instance, on January 26, 2024, Dongkook Pharmaceutical announced the launch of Memorain Cap., a new supplement designed to boost memory and concentration through a blend of herbal ingredients. Memorain combines 100mg of 40% ethanol-dried ginseng with 60mg of ginkgo biloba extract, offering a potent formula to help reduce memory loss and improve focus and attention.

Market Scope

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Market Dynamics

Rise of Herbal Supplements

The rise of herbal supplements is significantly driving the global ginkgo leaf extract market, as consumers increasingly prioritize natural and plant-based products over synthetic alternatives. This shift toward herbal remedies is rooted in growing awareness of the health benefits of botanical ingredients, which are perceived as safer, more holistic and better aligned with preventive healthcare practices. As a result, the market for herbal supplements, including ginkgo biloba extract, is gaining momentum across various regions, particularly in health-conscious markets.

For instance, on August 25, 2024, data indicates that millions of Americans are increasingly turning to herbal supplements, despite concerns about potential hepatotoxicity. According to a study using nationally representative data, an estimated 15.6 million adults in the U.S. reported using at least one potentially hepatotoxic botanical supplement within the past 30 days. The analysis, derived from the National Health and Nutrition Examination Survey (NHANES) cohort of over 9,600 participants, revealed that 57.6% of adults use herbal and dietary supplements, with 4.7% consuming six potentially hepatotoxic botanicals. 

As the popularity of herbal supplements continues to rise, this data underscores the growing demand for these products while highlighting the need for awareness of possible risks, particularly regarding liver health. The findings, reported by Alisa Likhitsup, MD, MPH, from the University of Michigan in Ann Arbor, point to the dual nature of the market’s expansion: while more consumers are embracing herbal remedies, there is also an increasing need for informed usage and regulation.

Demand for Cognitive Health Products

As awareness of age-related cognitive decline, stress, and mental fatigue increases, consumers are looking for natural solutions to enhance brain health. The supplement is often marketed as a preventive measure for age-related memory issues and cognitive deterioration, appealing to middle-aged and elderly consumers who prioritize long-term brain health. This trend is bolstering the market, as ginkgo supplements are integrated into daily health routines to improve mental agility and combat cognitive decline.

The market is also benefiting from rising interest in nootropics supplements aimed at enhancing cognitive performance in younger consumers, such as students and professionals. As focus, productivity, and memory retention become key priorities in fast-paced environments, ginkgo biloba-based products are gaining popularity for their perceived ability to support mental sharpness and reduce stress-related cognitive impairments. This growing trend toward brain-boosting supplements is expanding the market.

For instance, on July 29, 2024, Otsuka Pharmaceutical Europe Ltd. and Otsuka Pharmaceuticals (U.K.) Ltd. partnered with Health Innovation Oxford & Thames Valley (Oxford HIN) to assess the implementation and integration of a new digital therapeutic (DTx) called CARE for MDD, designed to aid in the treatment of major depressive disorder (MDD), commonly known as clinical depression. The collaboration aims to enhance support for patients dealing with depressive disorders by creating solutions that extend beyond traditional medication.

Competition from Synthetic Alternatives

Competition from synthetic alternatives is restraining the growth of the global ginkgo leaf extract market by offering consumers more targeted and scientifically backed solutions for cognitive health and other related benefits. Synthetic nootropics, designed specifically to enhance brain function, memory and concentration, often provide quicker and more predictable results compared to herbal supplements like ginkgo biloba. 

The direct competition is reshaping the market, as synthetic alternatives appeal to consumers seeking immediate, measurable effects. In the cognitive health market, where consumers are increasingly focused on optimizing mental performance, synthetic alternatives often dominate due to their reputation for delivering potent, fast-acting benefits. The perceived efficacy of these synthetic options is restraining the growth of the ginkgo leaf extract market, as consumers may opt for more scientifically validated products over traditional herbal remedies. 

Market Segment Analysis

The global ginkgo leaf extract market is segmented based on type, source, distribution channel, application and region.

Integration into Cognitive Health Pharmaceuticals and Innovations

The pharmaceuticals segment holds the largest share of the global ginkgo leaf extract market. Ginkgo biloba extract is widely recognized for its potential cognitive benefits, including memory enhancement and improved mental clarity. The growing demand for medications that support cognitive health, especially among aging populations, drives significant market share for ginkgo leaf extract within the pharmaceuticals segment.

The segment benefits from substantial R&D investments in exploring the therapeutic potential of ginkgo leaf extract. Clinical studies and scientific research continue to support its effectiveness in treating conditions such as dementia, peripheral vascular disease and anxiety. This ongoing investment enhances the market position of ginkgo leaf extract within the pharmaceutical sector, driving innovation and expanding its application in various drug formulations.

Market Geographical Share

Strong Demand from Health & Wellness and Infrastructure in North America

North America is poised to dominate the global ginkgo leaf extract market. The region’s strong focus on health and wellness, combined with a well-established dietary supplement market, creates an ideal environment for the growth of ginkgo biloba-based products. Consumers in North America are increasingly turning to herbal supplements like ginkgo leaf extract to support cognitive health, memory enhancement, and overall well-being, driving significant demand in this market.

The market infrastructure in North America supports extensive distribution networks, making ginkgo biloba products readily available through multiple channels, including pharmacies, health food stores, and online platforms. This ease of access, combined with growing consumer awareness of the benefits of herbal supplements, has strengthened the ginkgo leaf extract market in the region, helping it maintain a leadership position.

For instance, on September 19, 2024, Green Bioactives entered into a strategic partnership with Nutra Bridge, a nutraceutical market development specialist, to promote and distribute GBL-Memory1 throughout North America. After the successful launch of this functional ingredient in Europe, Green Bioactives is focused on expanding its global presence in the nutraceutical sector. 

The initiative specifically targets three key markets: US, Canada, and Mexico. Leveraging its extensive network and expertise, Nutra Bridge will connect with brands across North America interested in developing brain health and cognition-enhancing supplements and functional foods. This collaboration aims to drive the growth and availability of GBL-Memory1 in the region.

Market Competitive Landscape

The major global players in the market include Bio-Botanica Inc., Naturalin Bio-Resources Co., Ltd, Hunan NutraMax Inc., Indena S.p.A., PROVITAL, SA, S.A. Herbal Bioactives LLP, Waters Corporation, Ethical Naturals Inc., MITUSHI BIO PHARMA and Himalayan Herbaria Inc.

Russia-Ukraine War Impact Analysis

The conflict has disrupted global supply chains, including those affecting the ginkgo leaf extract market. The war has led to logistical challenges, such as delays in transportation and increased shipping costs, impacting the timely delivery of raw materials and finished products. Disruptions in trade routes and transportation networks have hindered the smooth supply of ginkgo leaf extract and its derivatives, leading to potential shortages and price increases in the market. 

The war has contributed to rising costs of raw materials and production inputs due to inflation and trade sanctions. As ginkgo leaf extract production relies on raw materials sourced from various regions, including areas affected by the conflict, increased costs for transportation and procurement have translated into higher prices for ginkgo supplements. This price volatility can affect consumer demand and market stability.

By Type

• Tablets
• Capsules
• Liquid Extracts

By Source

• Organic
• Conventional

By Distribution Channel

• Hypermarket/Supermarket
• Specialty Stores
• Medical Stores
• Online Retail
• Convenience Store
• Others

By Application

• Food and Beverages
• Cosmetics
• Pharmaceuticals
• Others

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On July 16, 2024, O Positiv, the innovative women's health brand challenging taboos, announced the launch of its latest product, MENO Vaginal Moisture, the second addition to its menopause care lineup. Known for its groundbreaking products in women's health, including the #1 Amazon bestseller in vaginal health and the #1 OB/GYN-recommended menopause gummy, O Positiv continues to lead the way.
• On March 1, 2022, the fastest-growing energy drink brand, ZOA Energy announced the pre-workout supplement category with the launch of ZOA+. This new product line, created by strength is designed with premium ingredients to enhance performance and support fitness goals. 
• On June 7, 2022, Hims & Hers Health, Inc., the leading telehealth platform dedicated to offering personalized health and wellness solutions, introduced Hers Wellness Essentials. This new line features six supplements crafted specifically for women, addressing a variety of needs including general health, mental wellness, gut health, digestive health and skin health. The range also includes a daily libido supplement.

Why Purchase the Report?

• To visualize the global ginkgo leaf extract market segmentation based on type, source, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel spreadsheet containing a comprehensive dataset of the ginkgo leaf extract market, covering all levels of segmentation.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players. 

The global ginkgo leaf extract market report would provide approximately 70 tables, 65 figures and 205 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies