Melatonin Market by Product and Geography - Forecast and Analysis 2022-2026

The melatonin market share is expected to increase by USD 1.49 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.67%.

The melatonin market has been broadly categorized into the following demographic segmentations: 

• Product - Pharmaceutical grade melatonin and food grade melatonin 
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

This melatonin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The melatonin market report also information on several market vendors, including Aspen Pharmacare Holdings Ltd., B Joshi Agrochem Pharma, Biotics Research Corp., BYHEALTH Co. Ltd., Church and Dwight Co. Inc., Harbin Pharmaceutical Group Co. Ltd., Jamieson Wellness Inc., Natrol LLC, Nestle SA, NOW Health Group Inc., Otsuka Holdings Co. Ltd., and Pfizer Inc. among others.

What will the Melatonin Market Size be During the Forecast Period?

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Melatonin Market: Key Drivers, Trends, and Challenges

The increase in human life expectancy and the number of working hours is notably driving the melatonin market growth, although factors such as government rules and regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the melatonin industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Melatonin Market Driver

• The increase in human life expectancy and the number of working hours is one of the key drivers supporting the melatonin market growth.
• Many countries are raising the age of retirement to reduce the escalating cost of pensions and healthcare for retired people.
• Many people experience stress during a normal working week, and it is a major cause of burnout and depression.
• Urban lifestyles have become hectic, which has led to a decline in the consumption of home-cooked meals. Due to the lack of time, people prefer to buy pre-prepared foods from fast-food stores, restaurant take-outs, or supermarket take-outs.
• Increased stress levels can raise blood pressure, resulting in faster heartbeats and the narrowing of the blood vessels. To relieve stress, patients use products such as foam pressure-relief mattresses and special pillows for uninterrupted sleep and healthy life. The global melatonin market is expected to grow during the forecast period owing to the rising stress and anxiety levels among individuals, which is prompting the need for sleeping aids in the future. 

Key Melatonin Market Trend

• The rise in the geriatric population is one of the key melatonin market trends contributing to market growth.
• The life expectancy of people has increased due to advances in healthcare standards and the presence of sophisticated treatment options, which have resulted in the growth of the geriatric population.
• Over 50% of all adults aged 65 years and above have some form of chronic sleep-related problems, which include trouble staying asleep, an insufficient amount of sleep at night, and difficulty falling asleep. 
• The prevalence of sleep disorders is higher in the geriatric population due to the increased fat deposits in the para-pharyngeal area of the head and neck, which results in the lengthening of the soft palate and leads to structural changes around the pharynx.
• Due to the growing geriatric population worldwide, the prevalence and incidence of sleep disorders, including sleep apnea, will increase substantially, which will spur the demand for melatonin in the global market. 

Key Melatonin Market Challenge

• Government rules and regulations is one of the three primary obstacles challenging the melatonin market growth.
• The clinical practice guidelines of the American Academy of Sleep Medicine (AASM) do not recommend the use of melatonin for the treatment of insomnia due to its poor efficacy and very low quality of evidence.
• Melatonin is considered a dietary supplement in the US, where its use is regulated by the US Food and Drug Administration (FDA).
• For instance, in the UK, according to the National Health Service (NHS), patients should not be prescribed melatonin for jet lag, and its use for this indication was added to the list of treatments that are not routinely funded by the NHS. These ambiguous regulations can adversely affect the growth of the global melatonin market during the forecast period. 

This melatonin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global melatonin market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the melatonin market during the forecast period.

Who are the Major Melatonin Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aspen Pharmacare Holdings Ltd.
• B Joshi Agrochem Pharma
• Biotics Research Corp.
• BYHEALTH Co. Ltd.
• Church and Dwight Co. Inc.
• Harbin Pharmaceutical Group Co. Ltd.
• Jamieson Wellness Inc.
• Natrol LLC
• Nestle SA
• NOW Health Group Inc.
• Otsuka Holdings Co. Ltd.
• Pfizer Inc.

 

This statistical study of the melatonin market encompasses successful business strategies deployed by the key vendors. The melatonin market is concentrated and the vendors are deploying growth strategies such as innovations and product launches to compete in the market.

Product Insights and News

• 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. 
• BYHEALTH Co. Ltd. - The company offers melatonin as daily supplements to adjust biological clock and improve sleep. 
• Church and Dwight Co. Inc. - The company offers melatonin under the brand name Vitafusion, for supporting or boosting sleep in both adults and kids. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The melatonin market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Melatonin Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the melatonin market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Melatonin Market?

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35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the melatonin market in North America. Market growth in this region will be slower than the growth of the market in other regions.

Technological advances and the increasing number of new product approvals will facilitate the melatonin market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Melatonin Market?

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The melatonin market share growth by the pharmaceutical-grade melatonin segment will be significant during the forecast period. Pharmaceutical-grade melatonin is widely available in the form of capsules, tablets, and others. Furthermore, the rising prevalence of sleep disorders and the easy accessibility to melatonin products using physicians' prescriptions have propelled the growth of this market segment. Moreover, pharmaceutical-grade melatonin products provide quick results when compared with other products or alternatives. These factors of the pharmaceutical-grade melatonin products will drive the melatonin market growth during the forecast period.

 This report provides an accurate prediction of the contribution of all the segments to the growth of the melatonin market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Sleep Apnea Diagnostic and Therapeutic Devices market - The market size has the potential to grow by $ 2.62 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Processed Red Meat market - The market share is expected to increase by USD 159.98 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.95%.

Vegan Fast Foods market - The market share is expected to increase by USD 18.86 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.6%.

Melatonin Supplements market - The market share is estimated to grow steadily at a CAGR of more than 12% by 2021.

Melatonin Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.67%
Market growth 2022-2026	$ 1.49 billion
Market structure	Concentrated
YoY growth (%)	10.4
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, Canada, China, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aspen Pharmacare Holdings Ltd., B Joshi Agrochem Pharma, Biotics Research Corp., BYHEALTH Co. Ltd., Church and Dwight Co. Inc., Harbin Pharmaceutical Group Co. Ltd., Jamieson Wellness Inc., 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 forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Melatonin Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive melatonin market growth during the next five years
• Precise estimation of the melatonin market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the melatonin industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of melatonin market vendors

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