Global Melatonin Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Natural Melatonin and Synthetic Melatonin.

By Application;

Medical, Dietary Supplement, Construction and Others

By Distribution Channel;

Store-based and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn628027140 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Melatonin Market (USD Million), 2020 - 2030

In the year 2023, the Global Melatonin Market was valued at USD 2,248.38 million. The size of this market is expected to increase to USD 5,944.43 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 14.9%.

The Global Melatonin Market is witnessing robust growth driven by various factors. Melatonin, a hormone produced by the pineal gland, regulates the sleep-wake cycle, and its synthetic form is widely used as a dietary supplement. The market is propelled by increasing awareness about the importance of sleep, growing health concerns related to sleep disorders, and expanding application areas beyond traditional uses.

The rise in the geriatric population globally has fueled the demand for melatonin supplements, as aging often disrupts natural sleep patterns. Moreover, the expanding dietary supplement market, coupled with advancements in research and development, has contributed to the market's growth. Shifting lifestyles characterized by increased stress and irregular sleep patterns have also heightened the demand for melatonin products.

Regulatory support for melatonin supplements in various regions has facilitated market expansion. However, challenges such as lack of awareness, regulatory hurdles, and concerns about potential side effects hinder market growth. Additionally, patent expiry issues and the limited availability of clinical evidence pose restraints to market players.

Despite challenges, the market presents ample opportunities for growth. Expansion into emerging markets, development of novel drug formulations, and strategic partnerships can drive market penetration. Moreover, the untapped veterinary market and the growing trend of wellness tourism offer avenues for market expansion.

Technological innovations in product development and targeted marketing strategies are further enhancing market prospects. The increasing trend of online retail penetration provides a platform for reaching a broader consumer base. Furthermore, the growing nutraceutical industry complements the market's growth trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Melatonin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing health awareness
        2. Increasing sleep disorders
        3. Expanding aging population
        4. Rising stress levels
        5. Advancements in research
      2. Restraints
        1. Regulatory restrictions
        2. Limited awareness
        3. Side effects concerns
        4. Lack of standardization
        5. Patent expirations
      3. Opportunities
        1. Technological advancements
        2. Untapped emerging markets
        3. Novel formulations development
        4. Strategic partnerships
        5. Integration of AI
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Melatonin Market, By Type, 2020 - 2030 (USD Million)
      1. Natural Melatonin
      2. Synthetic Melatonin
    2. Global Melatonin Market, By Application, 2020 - 2030 (USD Million)
      1. Medical
      2. Dietary Supplement
      3. Construction
      4. Others
    3. Global Melatonin Market, By Distribution Channel, 2020 - 2030 (USD Million)

      1. Store-based

      2. Online

    4. Global Melatonin Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America

        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Natrol
      2. Pharmavite
      3. Nature's Bounty
      4. Jameison
      5. Rexall Sundown
      6. GNC
      7. Xiu Zheng
      8. Church & Dwight
      9. By-Health
      10. Pfizer
  7. Analyst Views
  8. Future Outlook of the Market