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Melatonin Products Market Size

  • Report ID: GMI7015
  • Published Date: Oct 2023
  • Report Format: PDF

Melatonin Products Market Size

Melatonin Products Market was valued at USD 1.56 billion in 2022 and is anticipated to register a CAGR of over 14.3% between 2023 and 2032. Growing awareness of sleep disorders, such as insomnia and sleep apnea, among the global population is a significant growth driver for the melatonin products demand. As the world's population ages, there is an increased demand for products that can help manage sleep disturbances that are common among older individuals. Melatonin supplements are often used by this demographic.

 

Melatonin Products Market

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The regulatory environment for dietary supplements, including melatonin products, can be complex and subject to changes. Stringent regulations and labeling requirements can be a restraint on market growth. Although melatonin is generally considered safe for short-term use, there can be side effects and safety concerns associated with long-term use or incorrect dosages. This can limit the widespread adoption of melatonin products.
 

 

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of melatonin products was worth USD 1.56 billion in 2022 and will reach USD 5.95 billion by 2032, due to the growing awareness of sleep disorders, such as insomnia and sleep apnea, among the global population.

Melatonin products market size from the synthetic melanin type segment reached USD 2.5 billion in 2022 and is expected register commendable CAGR from 2023 to 2032, on account of the increasing prevalence of sleep disorders and disturbances in modern society.

North America melatonin products market size crossed USD 0.55 billion in 2022 and is expected to register appreciable CAGR from 2023 to 2032, owing to the rising modern lifestyles, increasing screen time, and high-stress levels resulting in the prevalence of sleep disorders in the region.

Aspen Holdings, Nature's Bounty, Pfizer Inc., Natrol, LLC (an Aurobindo company), Biotics Research Corporation, Solgar, Now Foods, GNC, and Sundown Naturals are some of the major melatonin products companies worldwide.

Melatonin Products Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 327
  • Countries covered: 21
  • Pages: 180
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