Which is the fastest growing region in Melatonin Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Melatonin Market?

In 2024, the North America accounts for the largest market share in Melatonin Market. Read More

What years does this Melatonin Market cover?

The report covers the Melatonin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Melatonin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Melatonin Market Size

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

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).

Type
		Natural Melatonin
		Synthetic Melatonin

Application
		Medical
		Dietary Supplement

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

Need A Different Region Or Segment?

Customize Now

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.

Explore More

Melatonin Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand for Melatonin from the Medical Sector
  2. 1.1.2 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Government Regulations on the Use of Melatonin in Insomnia Medicine
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Type
  1. 2.1.1 Natural Melatonin
  2. 2.1.2 Synthetic Melatonin
2. 2.2 Application
  1. 2.2.1 Medical
  2. 2.2.2 Dietary Supplement
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa

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.