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Melatonin Supplements Market Share

Report ID: GMI7222
Published Date: Oct 2023
Report Format: PDF

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Melatonin Supplements Market Share

Some of the major companies operating in the melatonin supplements industry are:

Puritan’s Pride
Nature Made
Natrol
Amazing Nutrition
Just Potent LLC
Jarrow Formulas
GNC
Swanson Health Products
CVS Health
Walgreens
Life Extension
Pure Encapsulations
Vitacost
Country Life Vitamins
Douglas Laboratories

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Puritan's Pride is a leading manufacturer and distributor of vitamins, minerals, supplements, and herbs. It is headquartered in Oakdale, New York, and has been in business since 1973. Puritan's Pride offers a wide range of melatonin products, including capsules, gummies, and liquids. It is the market leader in the melatonin supplements market, with a market share of approximately 25%.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of melatonin supplements reached USD 2.15 billion in revenue in 2022 and is set to cross USD 8.64 billion by 2032, led by the increasing awareness of the importance of sleep and the growing prevalence of sleep disorders worldwide.

The tablets and capsules segment generated USD 1.59 billion in revenue in 2022, owing to their rising preference due to their familiarity and simplicity, making it the go-to option for individuals seeking a hassle-free method of ingestion.

North America market accounted for USD 0.83 billion in revenue in 2022, attributed to the rising consumer preference for natural and holistic approaches to address sleep-related concerns.

The leading companies engaged in the industry are Puritan’s Pride, Nature Made, Natrol, Amazing Nutrition, Just Potent LLC, GNC, Swanson Health Products, CVS Health, Walgreens, Life Extension, Pure Encapsulations, and Douglas Laboratories.