Melatonin Market Size And Forecast
Melatonin Market size was valued at USD 1.26 Billion in 2021 and is projected to reach USD 3.67 Billion by 2030, growing at a CAGR of 14.30% from 2022 to 2030.
Increasing health awareness among consumers leads to a change in lifestyle which impacted the growth of the Melatonin Market. Also, people are now demanding dietary supplements which increase the demand for Melatonin. The Global Melatonin Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Melatonin Market Definition
Melatonin refers to natural adrenaline that is produced by the pineal gland to control the body’s circadian rhythm. It is primarily discharged during the night for controlling the sleep-wake cycle. Melatonin add-on is primarily administered for treating sleep-related disorders, such as insomnia, disturbed sleep phase syndrome, jet lag, rapid eye movement condition, etc. They are widely accessible in the form of capsules, tablets, chewable gummies, liquid, etc. Melatonin is an artificially made form of hormone present in plants, animals, bacteria, and fungi. It has antioxidant properties; melatonin finds implementation in food & beverages, medicament, pharmaceuticals, and dietary supplements. Melatonin is also used in the manufacture of bio-based spray polyurethane foam (SPF), which is used in building packing or protecting. The prior mentioned factor is expected to fuel the Melatonin Market in the upcoming years.
Blackness triggers the body to make more melatonin, which indicates the body to sleep. Light declines melatonin production and signals the body to be awake. Some people who are facing the problem of sleeping have low levels of melatonin. By taking of adding melatonin from supplements might help them sleep. Sleep disruption is caused by certain blood pressure medicine (beta blocker-induced insomnia). Consumption of melatonin by mouth might less sleep problems in people taking beta-blocker drugs.
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Global Melatonin Market Overview
Increasing health awareness among consumers leads to a change in lifestyle which impacted the growth of the Melatonin Market. Also, people are now demanding dietary supplements which increase the demand for Melatonin. The food and Beverage sector is expanding and due to this, the spending of people is now more on various food products which propels the market for Global Melatonin Market. A number of pharmacies, multi-specialty stores, clinical centers, and diagnostic sectors are growing and creating new opportunities for consumers. For construction and building insulation, Melatonin is used for the production of bio-based spray polyurethane foam is expected to market the growth of Melatonin.
Urbanization, Industrialization, and increasing in the population drive the market growth. A growing number of working women and increased disposable income lead to a rising the demand for Melatonin Market. Melatonin supplements help cancer patients by providing melatonin supplements for reducing chemotherapy and also increasing the patient survival period. With the growing online trend, the Global Melatonin is also expanding because most people are using online platforms for purchasing and the online melatonin industry is rising with increased penetration of the internet which boosts the market for Global Melatonin Market.
Global Melatonin Market Segmentation Analysis
The Global Melatonin Market is Segmented on the basis of Type, Shapes, Treatments, Application, and Geography.
Melatonin Market, By Type
• Natural Melatonin
• Synthetic Melatonin
Based on Type, the market is segmented into Natural Melatonin and Synthetic Melatonin. Melatonin is considered natural for most consumer consumption. It is natural in properties and doctors also prescribe it is taken for the restless, jet lag, rapid eye movement conditions, etc. The Food and Drug Administration (FDA) inspects synthetic melatonin as a food supplement, not a medication. Therefore, we can buy melatonin without a prescription in drugstores/medicals and natural food stores. These supplements come in the form of a pill, liquid, chewable, or lozenge. Synthetic melatonin in one of the above forms on a long-term basis, doctors tell that it is safe when used as directed.
Melatonin Market, By Shapes
• Pills
• Liquids
• Chewable
Based on Shapes, the market is segmented into Pills, Liquids, and Chewable. Pills dominate the market because it is medicine so doctor also prescribes, and medical store are also easily available in the market-leading to grow the sales of the pills to the consumer. By customer preference, they can take chewable gums also it is also available in the market and safe to take.
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Melatonin Market, By Treatments
• Medicinal
• Preventive
Based on Treatments, the market is segmented into Medicinal and Preventive. It depends upon the consumer type of problem he/she is facing that type it can treat accordingly the medicine can be given to the consumer but if it is not a that serious problem for that preventive medicine can be given and prevent the patient by there problem.
Melatonin Market, By Application
• Sleep Disorders
• Alzheimer’s Disease
• Weak Immune System
• Cancer Treatment
• Others
Based on Application, the market is segmented into Sleep Disorders, Alzheimer’s Disease, Weak Immune System, Cancer Treatment, and Others. Mainly it is given for sleep disorders caused by certain blood pressure medicine (beta blocker-induced insomnia). Consumption of melatonin by mouth might less sleep problems in people taking beta-blocker drugs. Taking more tablets of melatonin by mouth or as a shot, administered by a healthcare provider along with chemotherapy or other cancer treatments, might reduce tumor size and improve the survival chance in some people with cancer.
Melatonin Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Melatonin Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe dominated the consumption and manufacturing of tablets as well as the global market.
Key Players
The “Global Melatonin Market,” study report will provide a valuable insight with an emphasis on the global market, including some of the major players such as Neurim Pharma, Natrol, Pharmavite, Nature’s Bounty, Jameison, Rexall Sundown, GNC, Xiu Zheng, By-Health, Pfizer, Solgar, Now Food.
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