Market Size of Melatonin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Melatonin Market Analysis
The melatonin market is projected to register a CAGR of more than 10% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The growth of the market is likely to be driven by the growing need for melatonin in the medical field.
- On the other hand, government regulations on the use of melatonin in insomnia medicine are expected to hinder the market's growth.
- Melatonin used for medical purposes is expected to lead the market over the next few years.
- North America is expected to have the largest share of the market, with countries like the United States and Canada using the most.
Melatonin Industry Segmentation
Melatonin is a natural adrenaline produced by the pineal gland to regulate the body's circadian cycle. Most sleep-related diseases like insomnia, interrupted sleep phase syndrome, jet lag, and others are treated with melatonin supplementation. The melatonin market is segmented by type, application, and geography. By type, the market is segmented into natural melanin and synthetic melanin. By application, the market is segmented into medical, and dietary supplements. The report also covers the market size and forecasts for extruded polystyrene in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).
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| Natural Melatonin | |
| Synthetic Melatonin |
| Application | |
| Medical | |
| Dietary Supplement |
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Melatonin Market Size Summary
The melatonin market is experiencing a robust growth trajectory, driven by its increasing application in the medical field, particularly for sleep disorders such as insomnia. This biogenic amine, known for its role in regulating the sleep-wake cycle and its antioxidant properties, is gaining traction as a supplement for short-term sleep issues. Despite the challenges posed by government regulations on its use in insomnia treatments, the market is expected to expand, with North America leading the charge due to its significant demand from countries like the United States and Canada. The region's dominance is further supported by the presence of major melatonin producers and the high prevalence of insomnia among its population.
Globally, the melatonin market is characterized by a consolidated structure, with key players such as Aspen Holdings, Nature's Bounty, Pfizer Inc., Natrol, LLC, and Biotics Research Corporation at the forefront. These companies are actively innovating and expanding their product offerings to meet the growing demand. For instance, Pfizer's commitment to global health initiatives and Natrol's introduction of new sleep aids highlight the industry's dynamic nature. As the market continues to recover from the pandemic's impact, it is poised for steady growth, driven by the increasing recognition of melatonin's benefits and its expanding role in the healthcare sector.
Melatonin Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Melatonin from the Medical Sector
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Government Regulations on the Use of Melatonin in Insomnia Medicine
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Natural Melatonin
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2.1.2 Synthetic Melatonin
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2.2 Application
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2.2.1 Medical
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2.2.2 Dietary Supplement
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Melatonin Market Size FAQs
What is the current Melatonin Market size?
The Melatonin Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Melatonin Market?
Nature’s Bounty , Biotics Research Corporation, Pfizer Inc, Aspen Holdings and Natrol, LLC. are the major companies operating in the Melatonin Market.
