Melatonin Market Size, Share, Industry, Forecast and outlook (2023-2030)
Published: 2024 January 29
SKU : MD3499
180 pages
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FAQ’s
Is the melatonin market growing?
Yes, the melatonin market is expected to see significant growth from 2023 to 2027, driven by factors like rising insomnia rates, increased demand for natural sleep aids, and growing popularity of functional foods.
What are the fastest-growing segments of the melatonin market?
The Asia Pacific region is the fastest-growing market, while the medical industry segment is expected to hold the largest share due to the rising use of melatonin for sleep disorders.
Who are the key players in the melatonin market?
Major players include Aspen Australia, Nature's Bounty, Pfizer, Natrol LLC, and Biotics Research Corporation. These companies are adopting strategies like product launches and acquisitions to maintain market share.
Which region holds the largest share of the melatonin market?
North America currently dominates the market due to high demand from the medical industry and insomnia prevalence.