Melatonin Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMHC3499 | Last Updated On: Jul 02 2021 | No. of Pages: 180 | Available Formats

> Global Melatonin Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Melatonin Market is segmented By Type (Synthetic Melatonin, Natural Melatonin), By Application (Medical Industry, Dietary Supplement, Construction Industry, Other Applications), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The global melatonin market size was valued US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028). 

Melatonin is a hormone that helps in regulating the sleep-wake cycle and is produced naturally in the body. It is synthetically produced in a laboratory for treating short-term treatment of insomnia. It has antioxidant properties, expanding its applications across pharmaceuticals, food & beverages, and dietary supplements.

Source: DataM Intelligence Analysis (2020)

Market Dynamics

The melatonin market growth is driven by the increasing consumer spending on food products coupled with the growing demand for various food products, increasing stress levels have resulted in insomnia, delayed sleep, anxiety, thereby propelling the need for melatonin and growing demand for melatonin from the construction industry drive the market in the forecast period.

Growing consumption of the foods & beverages, is expected to drive the global melatonin market growth

The demand for melatonin supplements is increasing with the rising consumption of functional foods & beverages worldwide. The consumption of functional foods & beverages has increased with the growing awareness regarding their health and nutritional benefits. According to the National Center for Biotechnology Information (NCBI) survey, around 90% of American adults are aware of functional foods' benefits. This has resulted in boosting the sales of functional foods & beverages across the globe. According to the Institute of Food Technologists (IFT), total sales of functional foods were USD 247 billion worldwide in 2018.

The increasing consumer spending on food products, is expected to drive the global melatonin market growth

Increasing consumer spending on food products coupled with the growing demand for various food products is expected to propel the market growth of melatonin. According to the United States Department of Agriculture Economic Research Service, in 2019, food spending by U.S. consumers, businesses and government entities was valued at $1.77 trillion.

The increasing prevalence rate of insomnia, is expected to drive the growth in the forecast period

Melatonin supplements promote sleep and are safe for short-term use. Melatonin can treat delayed sleep phase and circadian rhythm sleep disorders in the blind and provide some insomnia relief. For instance, according to the NCBI National Center of Biotechnology Information and Sleep Foundation, around 70 million US citizens have a sleep disorder, with insomnia being the most common. 10% of people in the US have long-term (chronic) insomnia, and up to 30% of American adults have short-term insomnia, based on insomnia statistics.

Major side effects associated with melatonin is likely to hinder the market growth

Side effects of melatonin include short-lasting feelings of depression, mild tremor, mild anxiety, abdominal cramps, irritability, reduced alertness, confusion or disorientation, and abnormally low blood pressure (hypotension) may restrict the market growth.

Melatonin Market Industry Analysis

PEST Analysis:

Source: DataM Intelligence Analysis (2020)

Supply Chain Analysis

Source: DataM Intelligence Analysis (2020)

COVID-19 Impact Analysis

Following the COVID-19 outbreak in December 2019, the disease has spread to over 100 countries globally, and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the coronavirus (COVID-19) manifestation has resulted in more than 52.7 million infected individuals worldwide as of November 13, 2020.

The sudden outbreak of the novel coronavirus is expected to profound the growth of the melatonin market owing to an increase in the demand for sleep-related substitutes globally owing to increase stress and unhealthy lifestyle among the population worldwide. Moreover, it is estimated that the sales of sleeping remedies account for over US$ 1.04 billion in the United States in the year 2019-20.

Segment Analysis

The synthetic melatonin segment is expected to hold largest share in this market segment

Synthetic melatonin is made in a laboratory and doesn’t contain animal products, making them vegan-friendly formulas. They’re safer to use because you don’t have to worry about possible biological contaminants. In bacteria, protists, fungi, and plants, melatonin is synthesized indirectly with tryptophan as an intermediate shikimate pathway product. In these cells, synthesis starts with D -erythrose 4-phosphate and phosphoenolpyruvate and photosynthetic cells with carbon dioxide.

The medical industry segment is expected to hold largest share in this market segment

Melatonin is a biogenic amine that is found in animals, plants, and microbes implicated in the regulation of mood, learning and memory, immune activity, dreaming, fertility, and reproduction. Additionally, melatonin is a hormone that regulates the sleep-wake cycle, primarily released by the pineal gland and used as a supplement for the short-term treatment of trouble sleeping, such as from jet lag or shift work. Melatonin contains antioxidant properties that reduce exercise-induced oxidative stress and provide a better environment for muscle protection and growth.

For instance, as per the American Psychiatric Association (APA) report, approximately one-third of adults have insomnia during their lifetime. It is manifested by ongoing problems in falling and staying asleep. Hence, due to the factors mentioned above, the application of melatonin from the medical industry is likely to dominate during the forecast period.

Source: DataM Intelligence Analysis (2020)

Geographical Analysis

North America region holds the largest market share of global melatonin market

The North American region is expected to dominate the market for melatonin during the forecast period. The rising demand for melatonin from the medical industry, with the growing insomnia problem in developed countries, like the United States and Canada, is expected to drive the demand for melatonin in this region. The largest producers of melatonin are located in the North American region. Some of the leading companies in melatonin production are Aspen Australia, Nature’s Bounty, Pfizer, Natrol, LLC, an Aurobindo company, and Biotics Research Corporation. For instance, according to a US National Library of Science report, 40.2% of Canadian people have at least one symptom of insomnia.

Owing to the factors mentioned above, the market for melatonin in the North American region is projected to grow significantly during the study period.

Source: DataM Intelligence Analysis (2020)

Competitive Landscape

The global melatonin market is highly competitive with presence of global companies.  Some of the key players which are contributing to the growth of the market include Aspen Australia, Nature’s Bounty, Pfizer, Natrol LLC, Biotics Research Corporation, Neurim Pharmaceuticals Ltd., Pulse Pharmaceuticals Pvt. Ltd., Flynn Pharma Ltd., Schiff Nutrition International Inc and BASF, Rixing Chemical CO., LTD, Hangzhou Cherry Pharmaceutical Technology, Hebei Lvyang Biotechnology Co., Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally.

Acetophenone Market Key Companies to Watch

Natrol LLC

Company Overview: A leading U.S. Vitamin, Mineral & Supplement manufacturer helping people around the world improve beauty, sleep, mood and brain health. Founded in 1980 by Elliott Balbert, Natrol begins as a cosmetics company. In 1982 Natrol entered the dietary supplements business with a nutritionally-based natural weight loss product named Natrol for “natural control.” Natrol is considered a pioneer in formulating food into medicinal supplements for better health and wellness. In 2019 demonstrating that Natrol is one of the leading companies in its category in the US, they obtain the highest standard of nutraceutical certification with new USP accreditations for Melatonin and Biotin.

Product portfolio: The Company’s portfolio comprised of include Vitamin, Mineral & Supplements.

Key Developments: In 2016, Natrol introduces Natrol 5mg Liquid Melatonin, a concentrated liquid, to help support sleep during the back‐to‐school transition. 

Why Purchase the Report?

  • Visualize the composition of the melatonin market segmentation by type, application and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in melatonin market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of melatonin market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global melatonin market report would provide an access to an approx. 53 market data table, 42 figures and 200 pages. 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Melatonin Market - By Type

  • Natural Melatonin
  • Synthetic Melatonin

Global Melatonin Market – By Application

  • Medical Industry
  • Dietary Supplement
  • Construction Industry
  • Other Applications

Global Melatonin Market - By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Table of Contents

  1. Global Melatonin Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Melatonin Market – Market Definition and Overview

  3. Global Melatonin Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Global Melatonin Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing consumption of the foods & beverages
        2. The increasing prevalence rate of insomnia
        3. The increasing consumer spending on food products
      2. Restraints:
        1. Side effects associated with melatonin
      3. Opportunity
      4. Impact Analysis
  5. Global Melatonin Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. PEST Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Regulatory Analysis
    6. Reimbursement Analysis
    7. Unmet Needs
  6. Global Melatonin Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Melatonin Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2.  Synthetic Melatonin*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Natural Melatonin
  8. Global Melatonin Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
      2. Market Attractiveness Index, By Application Segment
    2.  Medical Industry*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Dietary Supplement
    4. Construction Industry
    5. Other Applications
  9. Global Melatonin Market – By Region

    1. Introduction
      1. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10. Global Melatonin Market – Competitive Landscape

    1. Key Developments and Strategies
    2. Company Share Analysis
    3. Product Benchmarking
    4. Key Companies to Watch
    5. Company with disruptive technology
    6. Start Up Companies
  11. Global Melatonin Market- Company Profiles

    1. Natrol LLC*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Aspen Australia
    3. Nature’s Bounty
    4. Pfizer
    5. Biotics Research Corporation
    6. Neurim Pharmaceuticals Ltd
    7. Pulse Pharmaceuticals Pvt. Ltd
    8. Flynn Pharma Ltd
    9. Schiff Nutrition International Inc
    10. BASF
    11. Rixing Chemical CO., LTD
    12. Hangzhou Cherry Pharmaceutical Technology
    13. Hebei Lvyang Biotechnology Co., Ltd(*LIST NOT EXHAUSTIVE)
  12. Global Melatonin Market – DataM  

    1.       Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables

Table 1 Global Melatonin Market Value, By Type, 2020,2024 & 2028($ Million)

Table 2 Global Melatonin Market Value, By Application, 2020,2024 & 2028($ Million)

Table 3 Global Melatonin Market Value, By Region, 2020,2024 & 2028($ Million)

Table 4 Global Melatonin Market Value, By Type, 2020,2024 & 2028($ Million)

Table 5 Global Melatonin Market Value, By Type, 2018-2028($ Million)

Table 6 Global Melatonin Market Value, By Application, 2020,2024 & 2028($ Million)

Table 7 Global Melatonin Market Value, By Application, 2018-2028($ Million)

Table 8     Global Melatonin Market Value, By Region, 2020,2024 & 2028($ Million)

Table 9 Global Melatonin Market Value, By Region, 2018-2028($ Million)

Table 10   North America Melatonin Market Value, By Type, 2018-2028($ Million)

Table 11    North America Melatonin Market Value, By Application, 2018-2028($ Million)

Table 12   North America Melatonin Market Value, By Country, 2018-2028($ Million)

Table 13   South America Melatonin Market Value, By Type, 2018-2028($ Million)

Table 14   South America Melatonin Market Value, By Application, 2018-2028($ Million)

Table 15   South America Melatonin Market Value, By Country, 2018-2028($ Million)

Table 16   Europe Melatonin Market Value, By Type, 2018-2028($ Million)

Table 17    Europe Melatonin Market Value, By Application, 2018-2028($ Million)

Table 18   Europe Melatonin Market Value, By Country, 2018-2028($ Million)

Table 19   Asia-Pacific Melatonin Market Value, By Type, 2018-2028($ Million)

Table 20   Asia-Pacific Melatonin Market Value, By Application, 2018-2028($ Million)

Table 21   Asia-Pacific Melatonin Market Value, By Country, 2018-2028($ Million)

Table 22   Middle East & Africa Melatonin Market Value, By Type, 2018-2028($ Million)

Table 23   Middle East & Africa Melatonin Market Value, By Application, 2018-2028($ Million)

Table 24   Natrol LLC: Overview

Table 25   Natrol LLC: Product Portfolio

Table 26   Natrol LLC: Key Developments

Table 27   Aspen Australia: Overview

Table 28   Aspen Australia: Product Portfolio

Table 29   Aspen Australia: Key Developments

Table 30   Nature’s Bounty: Overview

Table 31   Nature’s Bounty: Product Portfolio

Table 32   Nature’s Bounty: Key Developments

Table 33   Pfizer: Overview

Table 34   Pfizer: Product Portfolio

Table 35   Pfizer: Key Developments

Table 36   Biotics Research Corporation: Overview

Table 37   Biotics Research Corporation: Product Portfolio

Table 38   Biotics Research Corporation: Key Developments

Table 39   Neurim Pharmaceuticals Ltd: Overview

Table 40   Neurim Pharmaceuticals Ltd: Product Portfolio

Table 41   Neurim Pharmaceuticals Ltd: Key Developments

Table 42   Pulse Pharmaceuticals Pvt. Ltd: Overview

Table 43   Pulse Pharmaceuticals Pvt. Ltd: Product Portfolio

Table 44   Pulse Pharmaceuticals Pvt. Ltd: Key Developments

Table 45   Flynn Pharma Ltd: Overview

Table 46   Flynn Pharma Ltd: Product Portfolio

Table 47   Flynn Pharma Ltd: Key Developments

Table 48   Schiff Nutrition International Inc: Overview

Table 49   Schiff Nutrition International Inc: Product Portfolio

Table 50   Schiff Nutrition International Inc: Key Developments

Table 51   BASF: Overview

Table 52   BASF: Product Portfolio

Table 53   BASF: Key Developments

List of Figures

Figure 1    Global Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 2   Global Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 3   Global Melatonin Market Share, By Region, 2020 & 2028(%)

Figure 4   Global Melatonin Market Value, 2018-2028($ Million)

Figure 5   Global Melatonin Market Y-o-Y Growth, By Type, 2020 & 2028(%)

Figure 6   Natural Melatonin: Global Melatonin Market Value, 2018-2028($ Million)

Figure 7    Synthetic Melatonin: Global Melatonin Market Value, 2018-2028($ Million)

Figure 8   Global Melatonin Market Y-o-Y Growth, By Application, 2020 & 2028(%)

Figure 9   Medical Industry: Global Melatonin Market Value, 2018-2028($ Million)

Figure 10 Dietary Supplement: Global Melatonin Market Value, 2018-2028($ Million)

Figure 11  Construction Industry: Global Melatonin Market Value, 2018-2028($ Million)

Figure 12 Other Applications: Global Melatonin Market Value, 2018-2028($ Million)

Figure 13 Global Melatonin Market Y-o-Y Growth, By Region, 2020 & 2028(%)

Figure 14 North America Melatonin Market Value, 2018-2028($ Million)

Figure 15 North America Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 16 North America Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 17  North America Melatonin Market Share, By Country, 2020 & 2028(%)

Figure 18 South America Melatonin Market Value, 2018-2028($ Million)

Figure 19 South America Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 20 South America Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 21 South America Melatonin Market Share, By Country, 2020 & 2028(%)

Figure 22 Europe Melatonin Market Value, 2018-2028($ Million)

Figure 23 Europe Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 24 Europe Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 25 Europe Melatonin Market Share, By Country, 2020 & 2028(%)

Figure 26 Asia-Pacific Melatonin Market Value, 2018-2028($ Million)

Figure 27 Asia-Pacific Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 28 Asia-Pacific Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 29 Asia-Pacific Melatonin Market Share, By Country, 2020 & 2028(%)

Figure 30 Middle East & Africa Melatonin Market Value, 2018-2028($ Million)

Figure 31 Middle East & Africa Melatonin Market Share, By Type, 2020 & 2028(%)

Figure 32 Middle East & Africa Melatonin Market Share, By Application, 2020 & 2028(%)

Figure 33 Natrol LLC: Financials

Figure 34 Aspen Australia: Financials

Figure 35 Nature’s Bounty: Financials

Figure 36 Pfizer: Financials

Figure 37 Biotics Research Corporation: Financials

Figure 38 Neurim Pharmaceuticals Ltd: Financials

Figure 39 Pulse Pharmaceuticals Pvt. Ltd: Financials

Figure 40 Flynn Pharma Ltd: Financials

Figure 41 Schiff Nutrition International Inc: Financials

Figure 42 BASF: Financials

 

 

 

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