Melatonin Supplements Market

Market Overview:

The global melatonin supplements market size reached US$ 535.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,343.4 Million by 2032, exhibiting a growth rate (CAGR) of 10.62% during 2024-2032.

Melatonin refers to a natural hormone that is produced by the pineal gland to regulate the body's circadian rhythm. It is primarily secreted during the night for controlling the sleep-wake cycle. Melatonin supplements are primarily administered for treating sleep-related disorders, such as insomnia, delayed sleep phase syndrome, jet lag, rapid eye movement condition, etc. They are widely available in the form of capsules, tablets, chewable gummies, liquid, etc.

The rising hectic work schedules and increasing stress levels have resulted in insomnia, delayed sleep, anxiety, etc., thereby propelling the need for melatonin supplements. Additionally, the high prevalence of numerous lifestyle-based disorders, such as obesity, hypertension, palpitation, etc., that disrupt the sleeping patterns is further driving the product demand. Moreover, the high prescribing rate of sleeping pills by healthcare professionals mostly during post-traumatic stress, cancer treatment, psychotherapy, etc., is also bolstering the market growth. In line with this, the growing popularity of melatonin-infused balms, roll-ons, vape, gummies, etc., with minimal side effects is further augmenting the global market. Additionally, the introduction of several innovative flavors of melatonin supplements along with the emergence of quick-dissolve tablets is also bolstering the product demand. Apart from this, the rising consumer concerns towards the adverse health impact of chemical-based products are further propelling the need for naturally-sourced product variants. In the coming years, the extensive R&D activities for the launch of drug-free products to maintain circadian rhythms and enhance cellular immunity will continue to drive the global market for melatonin supplements.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global melatonin supplements market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, form, treatment, application and distribution channel.

Breakup by Type:

• Natural Melatonin
• Synthetic Melatonin
   

 Breakup by Form:

• Pills
• Liquids
• Chewables
• Others
   

Breakup by Treatment:

• Medicinal
• Preventive
   

Breakup by Application:

• Sleep Disorders
• Alzheimer’s Disease
• Weak Immune System
• Cancer Treatment
• Others
   

Breakup by Distribution Channel:

• Hospitals Pharmacies
• Online Pharmacies
• Drug Stores
• Retail Pharmacies
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amazing Nutrition (Good Brands LLC), Just Potent LLC, Life Extension Foundation Inc., Natrol LLC (Aurobindo Pharma USA, Inc.), NOW Foods, Optimum Nutrition, Inc. (Glanbia plc), Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.), Reckitt Benckiser Group plc., Robinson Pharma, Inc. and The Nature's Bounty Co. (KKR & Co. Inc.).

Report Coverage:

Key Questions Answered in This Report:

• How has the global melatonin supplements market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global melatonin supplements market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the form?
• What is the breakup of the market based on the treatment?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global melatonin supplements market and who are the key players?
• What is the degree of competition in the market?