Global Melatonin Supplements Market Report 2024

The melatonin supplements market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The rise observed in the historical period can be ascribed to several factors including the uptick in sleep disorders, advancements in manufacturing techniques, a move towards natural remedies, the widening of distribution networks, historical trends of globalization, and exploration of new geographic markets.

The melatonin supplements market size is expected to see rapid growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. Similarly, the growth anticipated in the forecast period can be linked to the proliferation of e-commerce platforms, an increasing consumer inclination towards natural and herbal remedies, expected regulatory backing and favorable policies, enhanced product accessibility, and heightened stress levels. Notable trends expected in the forecast period encompass the expansion of product ranges, innovations in delivery mechanisms, integration with wellness regimens, technological advancements, and a strong focus on effectiveness and safety.

The increasing prevalence of sleep disorders is expected to drive the growth of the melatonin supplements market in the coming years. Sleep disorders, which encompass a range of difficulties related to sleep quality, timing, and duration, are becoming more prevalent due to various factors such as lifestyle changes, increased screen time, poor sleep hygiene, and an aging population. Melatonin supplements play a crucial role in addressing these sleep disorders by supplementing the body's natural melatonin levels, helping to regulate the body's internal clock and promote a more regular sleep pattern, especially for individuals with circadian rhythm disorders or jet lag. For example, statistics from the Centraal Bureau voor de Statistiek (CBS) indicate a significant increase in sleeping difficulties among individuals aged 12 to 24 in 2022 compared to the previous year, highlighting the growing need for solutions to address sleep-related issues.

Key players in the melatonin supplements market are focusing on innovation to enhance and optimize the sleep experience for consumers. One notable innovation is the development of sleep aid gummies, which are chewable supplements formulated to improve sleep quality. These gummies typically contain melatonin along with other ingredients aimed at promoting immune health, calmness, and beauty benefits, thus providing a holistic approach to enhancing sleep. For instance, Natrol LLC introduced Natrol Sleep+, a line of sleep aid gummies that blend melatonin with additional ingredients to offer various health benefits while improving sleep quality. These gummies are designed to be non-GMO, vegetarian-friendly, and free from synthetic dyes, artificial flavors, sweeteners, and preservatives, catering to consumers seeking natural and holistic sleep solutions.

In May 2023, Adalvo Inc., a Malta-based pharmaceutical company, partnered with EQL Pharma AB for Mellozzan (with the active ingredient melatonin). This collaboration enables Adalvo to leverage EQL Pharma's expertise in developing and selling generics, including melatonin supplements, to offer Mellozzan to a broader customer base. Mellozzan, designed specifically for children experiencing insomnia, represents a significant addition to Adalvo's product portfolio, addressing the growing demand for melatonin supplements in pediatric populations.

Major companies operating in the melatonin supplements market are Walgreens Boots Alliance Inc., Swanson Health Products Incorporated, Vitacost.com Inc., Now Health Group Inc., The Himalaya Drug Company, Jarrow Industries Inc., Natrol Inc., Life Extension, Natural Factors Nutritional Products Inc., Robinson Pharma Inc., Country Life LLC, Pharmavite LLC, Pure Encapsulations LLC, Solgar Inc., Solaray Inc, Mason Vitamins Inc., The Nature's Bounty Co., Optimum Nutrition Inc., Douglas Laboratories, Puritan's Pride Inc., Nature Made, Amazing Nutrition Inc., Just Potent LLC, Source Naturals Inc., Bio-Tech Pharmacal Inc.

North America was the largest region in the melatonin supplements market in 2023. The regions covered in the melatonin supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the melatonin supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Melatonin supplements, whether synthetic or naturally derived, are dietary aids containing melatonin, a hormone originating from the pineal gland in the brain. These supplements serve common purposes, such as regulating sleep patterns and addressing sleep-related conditions such as insomnia.

Melatonin supplements come in two primary forms, such as natural and synthetic. Natural melatonin mirrors the hormone produced by the pineal gland, while synthetic versions are artificially created. They are available in various formats including tablets, capsules, liquids, sublingual pellets, and others, and are distributed through channels such as supermarkets, drug stores, and online retailers. Their applications span diverse health issues such as Alzheimer's disease, weakened immune systems, osteoporosis, cancer treatment, nerve pain, for both adults and children.

The melatonin supplements market research report is one of a series of new reports that provides melatonin supplements market statistics, including melatonin supplements industry global market size, regional shares, competitors with melatonin supplements market share, detailed melatonin supplements market segments, market trends, and opportunities, and any further data you may need to thrive in the melatonin supplements industry. This melatonin supplements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The melatonin supplements market consists of sales of sublingual melatonin, liquid melatonin supplements, melatonin gummies and melatonin sprays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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