Enjoy complimentary customisation on priority with our Enterprise License!
Melatonin is a natural hormone produced by the pineal gland in the brain, regulating sleep-wake cycles. Melatonin supplements have gained popularity as natural alternatives to pharmaceutical sleep aids for improving sleep quality and patterns. They are particularly beneficial for individuals suffering from insomnia, jet lag, anxiety, depression, migraine, and circadian rhythm disorders. Melatonin supplements also have therapeutic effects on various health conditions, including age-related diseases, type 2 diabetes, cardiovascular diseases, neurodegenerative diseases, and cancer. The antioxidant properties of melatonin help reduce oxidative stress, making it an essential component in the medical field. Melatonin gummies are a popular form of dietary supplement, offering ease of use and convenience. Additionally, melatonin is being integrated into fast-food items, and its benefits extend to improving sleep quality for those using pressure-relief mattresses and pillows. Melatonin's role in maintaining the sleep-wake cycle and its therapeutic effects on sleep disorders and various health conditions underscore its significance as a natural hormone and insomnia medicine.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The pharmaceutical grade melatonin segment is estimated to witness significant growth during the forecast period. Melatonin, a naturally occurring hormone produced by the pineal gland, plays a crucial role in regulating sleep quality and sleep patterns. As people seek natural alternatives to pharmaceutical sleep aids, the demand for melatonin supplements has surged. Melatonin gummies, powder/tablets, and other forms are widely used to manage sleep disorders, including insomnia, jet lag, and circadian rhythm disorders. The aging population, with its increased susceptibility to age-related diseases such as Type 2 diabetes, cardiovascular diseases, neurodegenerative diseases, and cancer, also benefits from melatonin's antioxidant properties and therapeutic effects on anxiety, depression, migraine, and other conditions.
Get a glance at the market share of various regions Download the PDF Sample
The pharmaceutical grade melatonin segment was valued at USD 776.40 million in 2018. The healthcare industry recognizes melatonin as a valuable tool in health management, with healthcare professionals prescribing it for sleep aid and self-care trends emphasizing its role in overall well-being. Synthetic and natural melatonin are available, with the former offering quick results and the latter being derived from natural sources. Noise pollution and developmental disorders can also impact sleep, further increasing the demand for melatonin supplements. The market for melatonin supplements is expected to grow significantly due to these factors.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Melatonin, a natural hormone produced by the pineal gland, plays a crucial role in regulating sleep quality and sleep patterns. As sleep disorders, such as insomnia, jet lag, and circadian rhythm disorders, become more prevalent due to age-related diseases, stress, and self-care trends, the demand for melatonin supplements has surged. These supplements, available in various forms like gummies, powder, or tablets, offer a natural alternative to pharmaceutical sleep aids for treating sleep disorders. Melatonin's therapeutic effects extend to managing anxiety, depression, migraine, and even neurodegenerative diseases, type 2 diabetes, cardiovascular diseases, and cancer due to its antioxidant properties. With an aging population and growing health consciousness, the market for melatonin supplements continues to expand, offering a potential treatment type for various health management needs. Healthcare professionals recommend melatonin as a safe and effective solution for individuals seeking to improve their sleep-wake cycles and circadian rhythms, mitigating the adverse effects of noise pollution and other environmental factors on sleep.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in human life expectancy and number of working hours is notably driving market growth. The market, a biogenic amine that plays a crucial role in regulating the sleep-wake cycle, has experienced significant growth due to the increasing prevalence of sleep disorders, particularly insomnia, in the medical field. Neurological conditions, stressful lifestyles, and chronic insomnia are major factors driving the demand for melatonin supplements.
According to sleep statistics, approximately 35% of adults in the US suffer from sleep disorders, making it a significant public health concern. Melatonin is an effective treatment for insomnia and is often used as an insomnia medicine. Pediatric ingestions of melatonin have also been reported due to its widespread use. In addition to its role in sleep disorders, melatonin is also used for muscle protection and women's health. As the global population ages, the demand for melatonin supplements is expected to increase further, making it a promising market in the healthcare sector. Thus, such factors are driving the growth of the market during the forecast period.
Rise in geriatric population is the key trend in the market. The market is a biogenic amine that plays a crucial role in regulating the sleep-wake cycle, is experiencing significant growth due to the increasing prevalence of sleep disorders, particularly among the aging population. With stressful lifestyles and neurological conditions becoming more common, the demand for melatonin supplements as insomnia medicine is on the rise. According to sleep statistics, over half of all adults aged 65 and above suffer from chronic sleep-related problems, including difficulty falling asleep, staying asleep, or obtaining an adequate amount of sleep.
Further, this trend is particularly pronounced in countries with aging populations, such as Japan, South Korea, China, Germany, and the US. Melatonin supplements are also used to address sleep disorders in pediatric patients and to provide muscle protection and support women's health. Thus, such trends will shape the growth of the market during the forecast period.
Government rules and regulations are the major challenge that affects the growth of the market. Melatonin, a naturally occurring biogenic amine, plays a crucial role in regulating the sleep-wake cycle. However, its use as an insomnia medicine has been a subject of debate in the medical field due to its limited efficacy and low-quality evidence. Stressful lifestyles and sleep disorders, including chronic insomnia, have led to an increasing demand for melatonin supplements. In the case of pediatric ingestions, melatonin can offer muscle protection and women's health benefits.
Despite its widespread use, melatonin is not a prescription or over-the-counter drug but a dietary supplement in the US, regulated by the Food and Drug Administration (FDA). In the UK, the National Health Service (NHS) does not routinely fund melatonin prescriptions for jet lag or insomnia treatment. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Biotics Research Corp. - The company offers melatonin that supports a normal circadian rhythm for healthy sleep patterns, and provides support for GI health via its antioxidant effect.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Melatonin is a natural hormone produced by the pineal gland, regulating sleep-wake cycles and circadian rhythms. Melatonin supplements have gained popularity as natural alternatives to pharmaceutical sleep aids, addressing various sleep disorders such as insomnia, jet lag, and circadian rhythm disorders. The global market for Melatonin Supplements is thriving due to increasing awareness of sleep quality and sleep patterns. Age-related diseases like Type 2 diabetes, cardiovascular diseases, neurodegenerative diseases, and cancer are linked to melatonin deficiency. Melatonin's therapeutic effects extend beyond sleep, with potential benefits for anxiety, depression, migraine, and oxidative stress. Melatonin comes in various forms, including gummies, powders, and tablets.
In addition, health and wellness trends and self-care practices have fueled the demand for melatonin supplements. Both synthetic and natural melatonin are available, with natural melatonin derived from animal sources or plant-based sources. Melatonin's antioxidant properties and potential role in aging-related conditions, developmental disorders, and healthcare professionals' recommendations further boost market growth. Noise pollution and hormonal imbalances are other factors contributing to the market's expansion. The treatment type can vary, with melatonin used for health management and as a hormone replacement. Melatonin's therapeutic effects on sleep disorders, anxiety, depression, and migraine make it a versatile supplement in the healthcare industry.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
136 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
|
Market Growth 2024-2028 |
USD 924.9 million |
|
Market structure |
Concentrated |
|
YoY growth 2023-2024(%) |
8.88 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 34% |
|
Key countries |
US, Germany, China, Canada, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aspen Pharmacare Holdings Ltd., Biotics Research Corp., BYHEALTH Co. Ltd., Church and Dwight Co. Inc., Harbin Pharmaceutical Group Co. Ltd., Jamieson Wellness Inc., Joshi Agrochem Pharma Pvt. Ltd., Natrol LLC, Nestle SA, NOW Health Group Inc., Otsuka Holdings Co. Ltd., and Pfizer Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
