The Reports and Insights, a leading market research company, has recently releases report titled “Melatonin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Supply Melatonin Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Melatonin Market?
The global melatonin market was valued at US$ 356.2 Million in 2023 and is expected to register a CAGR of 7.9% over the forecast period and reach US$ 706.1 Mn in 2032.
What is Melatonin?
Melatonin is a hormone naturally produced by the pineal gland in the brain, essential for regulating the sleep-wake cycle. It plays a critical role in maintaining circadian rhythms, which dictate our internal body clock for sleep and wakefulness. Melatonin levels typically rise in the evening, promoting sleep onset, and decrease in the morning to facilitate wakefulness. Apart from its primary function in sleep regulation, melatonin also acts as an antioxidant and influences immune function and other physiological processes. Due to its ability to improve sleep, melatonin supplements are widely used to manage insomnia and alleviate symptoms of jet lag.
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What are the growth prospects and trends in the Melatonin industry?
The melatonin market growth is driven by various trends and factors. Melatonin is a hormone naturally produced by the pineal gland in the brain, essential for regulating the sleep-wake cycle. It plays a critical role in maintaining circadian rhythms, which dictate our internal body clock for sleep and wakefulness. Melatonin levels typically rise in the evening, promoting sleep onset, and decrease in the morning to facilitate wakefulness. Apart from its primary function in sleep regulation, melatonin also acts as an antioxidant and influences immune function and other physiological processes. Due to its ability to improve sleep, melatonin supplements are widely used to manage insomnia and alleviate symptoms of jet lag. Hence, all these factors contribute to melatonin market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type
- Powder/Tablets
- Liquid
By Treatment Type
- Dietary Supplements
- Pharmaceuticals
By Nature
- Natural
- Synthetic
By Application
- Sleep Disorders
- Anxiety and Depression
- Seasonal Affective Disorder
By Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East
Who are the key players operating in the industry?
The report covers the major market players including:
- Robinson Pharma, Inc
- Wellona Pharmaceutical
- Molekula Group
- Ebrator Biochemicals
- Neurim Pharmaceuticals Ltd.
- Xi’an Gaoyuan
- Flamma Group
- Sisco Research Laboratories
- Superior Supplement Manufacturing
- Shaanxi Yuantai Biological
- Vita Actives Ltd.
- Ankaim Inc
- Nutraland USA, Inc.
- Spectrum Laboratory Products, Inc.
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