Melatonin Market by Source (Plants, Animals, Bacteria), Type (Natural Melatonin, Synthetic Melatonin), End-User (Pharmaceuticals, Food & Beverage, Medical & Healthcare) & Region for 2024-2031

Melatonin Market Valuation – 2024-2031  

The melatonin industry is expanding rapidly, driven by increased awareness of sleep disorders and the benefits of melatonin supplementation. Rising stress levels, a growing older population, and a shift toward natural health therapies are all contributing to market growth. North America offers a significant market share. This is likely to enable the market size surpass USD 1.86 Billion valued in 2024 to reach a valuation of around USD 4.93 Billion by 2031.

Technological advances in melatonin product formulations, as well as the growing online retail sector, are driving market expansion. The push toward tailored health and wellness solutions is also driving up demand. Natrol, Life Extension, and Swanson Health Products are key industry participants that rely on product innovation and strategic collaborations to strengthen their market positions. The rising demand for Melatonin is enabling the market grow at a CAGR of 14.30% from 2024 to 2031.

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Melatonin Market: Definition/ Overview

Melatonin is a natural hormone produced by the pineal gland in the brain that regulates the sleep–wake cycle. It is commonly used as a dietary supplement to assist treat sleep disorders, jet lag and shift work-related concerns by encouraging relaxation and enhancing sleep quality.

Melatonin is generally used to regulate sleep-wake cycles, treat insomnia, and prevent jet lag. It is also used to treat sleep abnormalities in children, anxiety prior to surgery, and enhancing sleep in shift workers. Melatonin also possesses antioxidant capabilities that may aid eye health and seasonal affective disorder (SAD).

Melatonin’s future applications may include mood disorders, jet lag, and immunological support, in addition to sleep regulation. Ongoing research into its antioxidant and anti-inflammatory qualities may lead to larger medicinal applications, bolstering its significance in holistic health and wellness strategies.

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Will Increasing Awareness of Sleep Disorders Boost the Melatonin Market Growth?

Increasing awareness of sleep disorders is poised to significantly boost the melatonin market growth due to the substantial prevalence of these conditions among the American population. According to the Centers for Disease Control and Prevention (CDC), around 70 million Americans suffer from chronic sleep issues, which include a variety of illnesses such as insomnia, sleep apnea and inadequate sleep length. According to the American Sleep Association, 50-70 million adults in the United States suffer from one or more sleep problems.

This increasing awareness is translating into increased consumer demand for melatonin supplements, which is driven by a better knowledge of melatonin’s role in regulating sleep patterns and improving overall sleep quality. From 2007 to 2012, the National Center for Health Statistics reported a significant increase in melatonin supplement use in the United States, more than doubling from 0.6% to 1.3% of the population. This development mirrors a broader shift toward natural health therapies and individualized wellness solutions, with melatonin supplements becoming increasingly popular for their perceived effectiveness in treating sleep disturbances. As awareness grows, along with developments in melatonin product formulations and distribution channels, the market is likely to expand further to accommodate expanding customer wants and preferences.

Will Increasing Safety Issues and Adverse Effects Hamper the Melatonin Market?

Increasing safety concerns and undesirable consequences connected with melatonin use have the potential to stifle industry growth. While melatonin is generally deemed safe for short-term usage in adults, there are questions about its long-term safety and potential interactions with other drugs. Adverse symptoms such as daytime drowsiness, headaches and dizziness have been observed, but infrequently. Furthermore, the regulatory landscape differs globally, resulting in different standards and oversight, which can undermine consumer confidence.

Addressing these safety concerns through rigorous research, better labelling and healthcare provider education is critical to avoiding significant market losses. Transparency regarding potential hazards and benefits, together with appropriate marketing techniques, will be vital for maintaining consumer trust and guaranteeing the sustained expansion of the melatonin industry amidst rising health awareness and demand for sleep aids.

Category-Wise Acumens

Will Established Extraction Processes Drive the Plant Segment?

Established extraction technologies for melatonin from plants are expected to fuel expansion in the plant segment of the melatonin market. These techniques have streamlined production, resulting in constant quality and quantity of melatonin supplements. Manufacturers profit from efficient extraction processes that enhance productivity while maintaining melatonin’s bioactivity, allowing them to efficiently meet consumer demands.

Furthermore, these proven techniques improve the stability and scalability of plant-derived melatonin products, increasing market competitiveness. Consumer preference for natural sources strengthens this category, as plant-based supplements coincide with expanding trends in holistic health and wellness. The regulatory clarity and safety characteristics associated with plant-derived melatonin further boost market confidence.

As awareness of melatonin’s benefits continues to develop, bolstered by known extraction technologies, the plant sector is well-positioned to expand, supplying to increasing consumer interest in natural sleep aids and overall well-being.

Will Increasing Demand for High Purity and Consistency in Dosage Drive the Type Segment?

The growing need for high purity and uniformity in dosage is an important driver for the type segment of the melatonin market, particularly for synthetic melatonin. Consumers and healthcare practitioners alike value products with consistent and accurate dosing to ensure efficacy and safety in treating sleep problems and other health issues. Synthetic melatonin achieves these criteria effectively thanks to controlled manufacturing techniques that ensure purity and consistency across batches.

Furthermore, the pharmaceutical and nutraceutical businesses favor synthetic melatonin because it can meet demanding regulatory and quality control requirements. As the global market for sleep aids and dietary supplements grows, the emphasis on dependable product performance and consumer trust in dose constancy is anticipated to drive the expansion of synthetic melatonin. However, natural resources such as plant-derived melatonin also play a role, particularly among consumers seeking organic or natural options with perceived health benefits.

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Country/Region-wise Acumens

Will Increasing Strong Consumer Base Consuming Dietary Supplements Drive the Market in North America?

North America’s robust customer base, which values nutritional supplements, is a primary driver of the region’s melatonin industry. Melatonin is becoming increasingly popular as a natural sleep aid and overall wellness supplement among North American consumers. Factors such as hurried lifestyles, rising stress levels and the incidence of sleep disorders all contribute to the need for effective remedies such as melatonin.

Furthermore, North America includes a well-developed healthcare infrastructure and regulatory framework that facilitates the distribution and sale of dietary supplements, including melatonin. Consumers in this region value health and wellness, resulting in steady growth in the market for dietary supplements such as melatonin. As a result, manufacturers and suppliers are eager to innovate and broaden their product offers to meet this growing demand, further propelling market expansion in North America.

Will Increasing Awareness of Sleep Disorders Drive the Market in Asia Pacific Region?

Growing awareness of sleep problems is projected to propel the melatonin market in Asia-Pacific (APAC). As people become more aware of the negative impacts of sleep problems like insomnia and sleep apnea, there is a greater need for effective treatments like melatonin supplements. Sleep disorders are on the rise in countries such as China, Japan and India as a result of changing lifestyles, urbanization and higher stress levels.

Furthermore, the trend towards natural health solutions is gaining traction in APAC, which is consistent with the perceived benefits of melatonin as a natural sleep aid. The region’s growing middle-class population and rising disposable incomes drive demand for wellness items. As a result, there is great potential for market expansion in APAC, underpinned by higher consumption, awareness, expanding healthcare infrastructure and the introduction of innovative melatonin products tailored to regional preferences and regulatory requirements.

Competitive Landscape

The melatonin market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the melatonin market include:

• Pharmative
• Nature’s Bounty
• Jameison
• Rexall Sundown
• GNC
• Xiu Zheng
• Finex OY
• Church & Dwight
• By-Health
• Pfizer
• Solgar
• Biotics Research
• New Food
• Neurim Pharmaceuticals Ltd.
• Pulse Pharmaceuticals Pvt. Ltd.
• Schiff Nutrition International, Inc.
• Fidia Farmaceutici S.P.A

Latest Developments

• In January 2023, Pfizer, Inc. increased its commitment to the “Agreement for a Healthier World” by offering its entire portfolio of medicines and vaccines on a not-for-profit basis to improve the health of 1.2 billion people in 45 low-income countries.
• In November 2022, Natrol introduced MelatoninMax, a sleep aid in the form of a single gummy containing 10 mg of melatonin, the maximum recommended dosage.

Report Scope

Melatonin Market, By Category

Source:

• Plants
• Animals
• Bacteria

Type:

• Natural Melatonin
• Synthetic Melatonin

End-User:

• Pharmaceuticals
• Food & Beverage
• Medical & Healthcare

Region:

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

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