Overview
Global ginkgo leaf extract market reached US$ 2.03 billion in 2024 and is expected to reach US$ 2.98 billion by 2032, growing with a CAGR of 4.92% during the forecast period 2025-2032.
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.
Gingko Leaf Extract Market Trend
Ginkgo biloba extract, derived from one of East Asia’s oldest tree species, is gaining traction in the cognitive health supplement market. Known for its anti-inflammatory, antioxidant and neuroprotective properties, it is increasingly used to support memory and focus in aging populations. The standardized formulation EGb 761, comprising 24% flavonoid glycosides and 6% terpene lactones, is particularly noted for enhancing cerebral blood flow and reducing oxidative stress. These mechanisms are believed to help delay the progression of dementia symptoms.
Recent clinical research analyzing 15 trials found that 11 studies reported cognitive and neuropsychiatric improvements in dementia patients using Ginkgo extract. Although a minority of studies showed no significant difference compared to placebos, the overall evidence suggests a favorable outlook. This positions Ginkgo biloba extract as a promising natural ingredient in the growing brain health and memory support segment. Its traditional roots and emerging scientific validation continue to drive demand across global markets.
Market Scope
Metrics | Details |
By Type | Tablets, Capsules and Liquid Extracts |
By Source | Organic and Conventional |
By Distribution Channel | Hypermarkets/Supermarkets, Specialty Stores, Medical Stores, Online Retail, Convenience Store and Others |
By Application | Food and Beverages, Cosmetics, Pharmaceuticals and Others |
By Region | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth |
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.
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.
Geographical Penetration
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.
Sustainability Analysis
Ginkgo biloba extract offers sustainability advantages due to the tree’s resilience, low agrochemical requirements and strong carbon sequestration capabilities. Its adaptability to climate variability, as seen in regions like Egypt, reinforces its role in sustainable agriculture. The plant’s ability to support soil remediation further enhances its environmental value. These traits position Ginkgo as a viable ingredient for eco-conscious product formulations.
However, extraction processes can present environmental challenges, particularly from solvent use, contributing to toxicity. Optimization through green extraction methods can lower the environmental impact by up to 15.4%. Companies such as UMOA Cosmetics leverage sustainably sourced Ginkgo biloba ECO extract, aligning with green chemistry principles. This approach supports both product performance and environmental responsibility.
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.
Key Developments
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Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies
