Global Melatonin Market Size, Share, Growth Analysis, By Type(Natural Melatonin, Synthetic Melatonin), By Application(Medical, Dietary Supplement), By Forms(Pills, Chewable) - Industry Forecast 2022-2028


Report ID: SQSG35I2025 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: 89 | Figures: 65

Global Melatonin Market Insights

The global melatonin market was valued at US$ 1.51 Billion in 2021, and it is expected to reach a value of US$ 3.93 Billion by 2028, at a CAGR of 14.81% over the forecast period (2022–2028).

Melatonin is the natural adrenaline the pineal gland produces to regulate the body's circadian rhythm. It is mostly released at night to regulate the sleep cycle. Melatonin supplementation is largely used to treat sleep-related diseases such as insomnia, disrupted sleep phase syndrome, jet lag, rapid eye movement, and so on. They are widely available in capsules, pills, chewable gummies, liquid, and other forms. Melatonin is a synthetic hormone found in plants, animals, microbes, and fungi. Melatonin has antioxidant qualities and is used in foods and beverages, medications, medicines, and dietary supplements.

In 2020, sales of melatonin summed more than US$ 821 million in the US which is more than doubled in the last few years. This shows the swelling demand for the product and will propel the melatonin market growth during the analysis period.

Market snapshot

Largest Segment

natural melatonin

Fastest Growth

natural melatonin

Growth Rate

14.81% CAGR

Global Melatonin Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Melatonin Market Size by Type, 2022-2028 ($ Bn)
Global Melatonin Market Size by Type, 2022-2028 (%)

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Global Melatonin Market Segmental Analysis

The Global Melatonin Market is segmented based on type, application, form, and region. Based on type, the market is segmented into natural melatonin and synthetic melatonin. Based on application, the market is segmented into medical, dietary supplements, construction, and other applications. Based on forms, the market is segmented into pills, chewable, and liquid syrup. Based on region, the global Melatonin market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Type

The melatonin is segmented into natural melatonin and synthetic melatonin based on the types. Natural melatonin dominates the segment with a major market portion of the global melatonin market and is predicted to retain the domination during the analysis period too. Natural melatonin has natural characteristics, and doctors recommend it for restlessness, jet lag, and fast-eye movement disorders, among other things. Synthetic melatonin is inspected by the Food and Drug Administration (FDA) as a food supplement, not a pharmaceutical. As a result, we can get melatonin without a prescription at medical stores and natural food stores. These supplements are available as a pill, liquid, chewable, or lozenge. According to experts, long-term use of synthetic melatonin in one of the following forms is safe when used as advised.

Analysis by Forms

In 2021, the global melatonin market was dominated by melatonin pills as it is the most recommended by doctors and will continue to do the same during the forecast period. The global melatonin market is segmented into pills, chewable, and liquid syrup forms for their consumption. As most medicines are present in the form of pills due to easy availability in market stores and to consume pills this segment accounts for the largest market share. The chewable segment of melatonin are growing faster for since few years and due to changing preferences and increasing demand, it is predicted to show huge growth in the chewing forms of melatonin during the analysis period.

Global Melatonin Market By Type, 2021 (%)

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Global Melatonin Market Regional Insights

In 2021, the North American region dominated the global melatonin market with the largest market and revenue share. The growing problem of insomnia in developed countries due to lifestyle problems and eating habits is the major reason for the growth of demand for melatonin in the united states and Canada and will drive the melatonin market growth in the region. Moreover, according to a report released by the US national library of science in 2021, more than 40% of Canadians have a minimum of one symptom of insomnia and this huge number will propel the melatonin market growth in the North American region during the analysis period.

The Asia Pacific is expected to show tremendous growth during the forecast period due to increasing industrialization and with more disposable income in the developing countries, the changing lifestyle and food habits are major reasons for growing insomnia cases. Therefore, the following reason will drive the demand for melatonin demand in the region and propel the melatonin market growth during the analysis period.

Global Melatonin Market By Geography, 2022 - 2028
  • Largest
  • Fastest

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Global Melatonin Market Dynamics

Driver

  • Increasing disposable income and the growing number of working professionals due to industrialization and globalization are one of the major factors for increasing instances of insomnia during recent periods. This is caused by an unhealthy lifestyle and food habits which leads to increased sodium intake and is one of the direct or indirect reasons for raising blood pressure which in turn leads to symptoms of insomnia. These will drive the demand for melatonin supplements for reducing stress and insomnia which will drive the global melatonin market during the analysis period.

Restraint

  • Strict regulation and norms on the supplement and concentration to be used and sold without prescription are the major restraining factors that could slow down the growth of the melatonin market during the analysis period.

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Global Melatonin Market Competitive Landscape

The melatonin market is relatively fragmented, with a high level of competition. Few large players, like Pfizer, GNC, and Neurim Pharma, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Top Player’s Company Profiles

Recent Developments

  • In August 2022, Pfizer Inc. and Global Blood Therapeutics, Inc. announced today that they have reached an agreement in which Pfizer will acquire GBT for US$ 5.4 billion, a biopharmaceutical company dedicated to the discovery, development, and delivery of life-changing treatments that provide hope to underserved patient communities, beginning with sickle cell disease (SCD).
  • In December 2020, Natrol LLC, a vitamin, mineral, and supplement producer based in the United States, announced today that New Mountain Capital has purchased Natrol LLC in a partnership that will allow the decades-old firm to continue to grow to its next level of success. Natrol, which is cGMP-certified, manufactures high-quality, unique VMS products, several of which have just been approved by USP, which are all available on the newly eCommerce enabled, as well as through their many retail and online partners in the United States and throughout the world.
  • In August 2019, Natrol LLC announces the release of Natrol Kids Melatonin, an effective, safe, drug-free, and non-habit-forming solution for helping children get enough sleep.
  • In January 2018, Neurim Pharmaceuticals and Biocodex signed a licensing deal today in which Biocodex will have exclusive marketing rights to Neurim's newly developed Rx PedPRM medication in Finland. This is projected to be the first sleep medicine approved for children, treating sleep disturbances in children with autism spectrum disorders (ASD) and neurogenetic diseases.

Global Melatonin Key Market Trends

  • Melatonin is also employed in the production of bio-based spray polyurethane foam (SPF), which is used in the packing and protection of buildings. These factors would drive the Melatonin Market in the coming years.
  • Lower levels of melatonin could induce uneasiness and difficulties in sleeping. It is possible that using melatonin tablets will help get proper sleep. Certain blood pressure medications cause sleep disruption. Melatonin used orally may help patients who are taking beta-blockers sleep better and could push the market growth.

Global Melatonin Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the North American region dominated the global melatonin market with the largest market and revenue share. The growing problem of insomnia in developed countries due to lifestyle problems and eating habits is the major reason for the growth of demand for melatonin in the united states and Canada and will drive the melatonin market growth in the region. Moreover, according to a report released by the US national library of science in 2021, more than 40% of Canadians have a minimum of one symptom of insomnia and this huge number will propel the melatonin market growth in the North American region.

Report Metric Details
Growth Rate 14.81%
Base year 2021
Forecast period 2022–2028
Segments covered
  • Type
    • Natural Melatonin, Synthetic Melatonin
  • Application
    • Medical, Dietary Supplement, Other Applications
  • Forms
    • Pills, Chewable, Liquid Syrup
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Melatonin Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Melatonin Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Melatonin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Melatonin Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Melatonin Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Melatonin Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The global melatonin market was valued at US$ 1.51 Billion in 2021, and it is expected to reach a value of US$ 3.93 Billion by 2028, at a CAGR of 14.81% over the forecast period (2022–2028).

The melatonin market is relatively fragmented, with a high level of competition. Few large players, like Pfizer, GNC, and Neurim Pharma, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Neurim Pharma (Israel)', 'Aspen Asia Pacific Pty Ltd (Australia)', 'Natrol LLC (US)', 'Pharmavite (US)', 'Nature's Bounty Inc. (US)', 'Rexall Sundown Inc. (US)', 'GNC (US)', 'Pfizer (US)', 'Biotics Research Corporation (US)'

Increasing disposable income and the growing number of working professionals due to industrialization and globalization are one of the major factors for increasing instances of insomnia during recent periods. This is caused by an unhealthy lifestyle and food habits which leads to increased sodium intake and is one of the direct or indirect reasons for raising blood pressure which in turn leads to symptoms of insomnia. These will drive the demand for melatonin supplements for reducing stress and insomnia which will drive the global melatonin market during the analysis period.

Melatonin is also employed in the production of bio-based spray polyurethane foam (SPF), which is used in the packing and protection of buildings. These factors would drive the Melatonin Market in the coming years.

In 2021, the North American region dominated the global melatonin market with the largest market and revenue share. The growing problem of insomnia in developed countries due to lifestyle problems and eating habits is the major reason for the growth of demand for melatonin in the united states and Canada and will drive the melatonin market growth in the region. Moreover, according to a report released by the US national library of science in 2021, more than 40% of Canadians have a minimum of one symptom of insomnia and this huge number will propel the melatonin market growth in the North American region during the analysis period.

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