IMARC Group, a leading market research company, has recently releases report titled “Melatonin Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Future Prospects” The study provides a detailed analysis of the industry, including the global melatonin supplements market report size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is the melatonin supplements?
Melatonin is a hormone produced naturally by the pineal gland that helps regulate the sleep-wake cycle. Melatonin supplements are synthetically formulated from artificial and natural sources, such as animal pineal glands, to mimic the same effect. They are generally consumed by people with insomnia, depression, dementia, and other sleep-related disorders. In addition to this, medical practitioners prescribe the supplement to improve symptoms in certain neurological conditions. Melatonin supplements also comprise fillers, binders, and other inactive ingredients to help maintain their shape and texture. Currently, they are available in tablets, capsules, gummies, and liquid forms.
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What are the growth prospects and trends in the melatonin supplements industry?
The increasing awareness about the benefits of melatonin supplements and the rising number of individuals with sleep disorders are some of the key factors creating a positive outlook for the market. Moreover, the growing geriatric population and the increasing prevalence of shift work are bolstering the market growth. Besides this, the surging popularity of natural supplements and the easy availability of melatonin supplements across different retail channels, such as hypermarkets, supermarkets, convenience stores, and online platforms, are providing an impetus to the market growth. Furthermore, the shifting consumer preference toward alternative therapies, such as natural supplements, due to inflating consumer expenditure power is fueling the market growth.
Who are the key players operating in the industry?
Melatonin Supplements Key Companies:
- 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.
- The Nature's Bounty Co. (KKR & Co. Inc.)
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Key Market Segmentation:
The report has segmented the global melatonin supplements market on the basis of type, form, treatment, application, distribution channel and region.
Breakup by Type:
- Natural Melatonin
- Synthetic Melatonin
Breakup by Form:
Breakup by Treatment:
Breakup by Application:
- Sleep Disorders
- Alzheimer’s Disease
- Weak Immune System
- Cancer Treatment
Breakup by Distribution Channel:
- Hospitals Pharmacies
- Online Pharmacies
- Drug Stores
- Retail Pharmacies
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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