During the forecast period, the Melatonin Sleep Supplements Market is expected to achieve a market valuation of a CAGR of 7.6% in the global market. The Melatonin Sleep Supplements Market is expected to increase revenue to US$474 Million in 2022 and is projected to surpass US$1,059 Million by 2032.
60% of adults have trouble sleeping each night, according to the National Sleep Foundation (NSF) Sleep in America surveys, driving up demand for melatonin supplements for sleep.
Rising levels of stress and anxiety among millennials are leading to increased sales of melatonin sleep supplements.
The adoption of melatonin supplements for sleep reduces the side effects of chemotherapy and increases the survival period of cancer patients.
A growing number of chronic disease and lifestyle healthcare providers are expanding the size of the melatonin sleep supplement market.
The antioxidants contained in melatonin are expanding its applications to pharmaceuticals and food and beverages, expanding the market share of melatonin supplements for sleep.
The online retail industry and an increasing number of online users who purchase are contributing to the growth of the melanin sleep supplement market.
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Profiled 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. and The Nature’s Bounty Co. (KKR & Co. Inc.), Matsun Nutrition, Ion Labs Inc., Advanta Supplements, etc.
What are the key attributes driving the Melatonin Sleep Supplements market?
The diversity of types of melatonin supplements available in the market increases the sales of melatonin supplements for sleep.
The work-life imbalance leads to several mental disorders such as insomnia, anxiety, and short-term stress, further expanding the market share of melatonin supplements for sleep.
Taking melatonin supplements for sleep ensures proper and regulated sleep aid in cancer prevention.
Adverse environmental conditions and extreme screen time before bedtime increase the demand for melatonin supplements for sleep.
Unhealthy eating habits causing sleep disturbances are increasing the global market share of melatonin sleep supplements.
The option of consumption by all age groups is driving the sales of melatonin sleep supplements due to common side effects.
The need for dietary supplements therefore increases the demand for melatonin supplements for sleep.
The production of granulocyte and macrophage progenitor cells needed to stimulate the immune system has driven up sales of melatonin supplements for sleep.
What are the disadvantages of melatonin supplements for sleep?
Lack of awareness of supplement consumption is causing overdose, reducing the global market share of melatonin sleep supplements.
The development of alternative treatments for insomnia is reducing the demand for melatonin supplements for sleep.
Strict government rules and regulations on prescribed medications such as melatonin supplements can hamper the sales of melatonin sleep supplements.
Disrupted trade and closed borders during the pandemic have hampered the global market share of melatonin sleep supplements.
Melatonin manufacturing is decreasing due to fluctuating raw material prices is hampering the market size of melatonin sleep supplements.
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What are the scopes of the Melatonin Sleep Supplements Market?
The developed health care infrastructure triggers a high demand for melatonin supplements for sleep.
Rising occurrence of periodic sleep-related disorders, cycle-related disorders and increasing number of vendors are increasing the global market share of melatonin sleep supplements.
Improved disposable income of the middle-class population increases sales of melatonin supplements for sleep.
The requirement for immunity-boosting drugs to prevent fast-growing chronic diseases is propelling the market size of melatonin supplements for sleep.
Manufacturers incorporating supplements with different flavors may increase the demand for melatonin supplements for sleep.
What Is the Regional Analysis of the Melatonin Sleep Supplements Market?
North America is the top market occupying around 36.7% of the melatonin supplements for sleep market share in 2022 due to the fast pace of life and increasing cases of insomnia among young people.
Europe is successfully capturing the market share of melatonin supplements for sleep with a CAGR of 18.3% in 2022.
Herbal sleep disorders are in high demand in this region compared to chemical sleep disorders.
Asia-Pacific is expected to see delayed progress due to less availability of melatonin supplements for sleep.
What are the key developments in the Melatonin Sleep Supplements market?
Some of the key players in the US car rental market are 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. and The Nature’s Bounty Co. (KKR & Co. Inc.), Matsun Nutrition, Ion Labs Inc. , Advanta Supplements, etc.
Some of the recent developments in melatonin supplements for sleep are
- Takeda Pharmaceutical Co. Ltd. announced a partnership and agreement with Unipharm Inc. in January 2018.
- Natroll LLC. has launched 100% drug-free Vitamin B6 Advanced Sleep Pills that help you fall asleep for longer hours.
- In 2020, new orange-flavored melatonin supplements that dissolve quickly in the mouth were released by Nature’s Bounty Inc.
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Report scope
Rate of growth
CAGR of 7.6% from 2022 to 2032
Base year for the estimate
2021
Historical data
2015 – 2020
Forecast period
2022 – 2032
Quantitative units
Revenue in USD Million and CAGR from 2022 to 2032
Report cover
Revenue Forecast, Volume Forecast, Business Ranking, Competitive Landscape, Growth Factors & Trends, Price Analysis
Segments Covered
Form, Application, Sales Channel and Region.
Regional scope
North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope
WE; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UNITED ARAB EMIRATES; Iran; South Africa
Scope of customization
Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Key segments
By form:
By app
- sleep disorders
- Anxiety
- Cancer
By sales channel
By region
- North America
- Latin America
- Asia Pacific
- Europe
- AEM
About IMF:
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