Melatonin Supplements Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Melatonin Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global melatonin supplements market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 sub-segment of the global melatonin supplements market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.).

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?