Home > Food & Beverages > Nutraceuticals > Vitamins > Melatonin Supplements Market

Melatonin Supplements Market Size

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

Melatonin Supplements Market Size

Melatonin Supplements Market size was valued at around USD 2.15 billion in 2022 and is estimated to expand at 14.92% CAGR from 2023 to 2032, driven by increasing awareness of the importance of sleep and the growing prevalence of sleep disorders worldwide. Melatonin, a hormone produced naturally in the body, regulates sleep-wake cycles. Its synthetic form is commonly used as a dietary supplement to aid in managing sleep-related issues such as insomnia and jet lag.

 

The market is witnessing a surge in demand for melatonin supplements, with consumers increasingly inclined toward natural and holistic approaches to address sleep-related concerns. Additionally, factors such as changing lifestyles, rising stress levels, and the growing elderly population were contributing to the expansion of the market.

 

Although melatonin is generally considered safe for short-term use, its long-term effects and potential side effects are still being studied. Misuse and over-reliance on melatonin supplements without proper medical guidance can lead to adverse effects and potential health risks. Also, the melatonin supplements market faces competition from alternative therapies and products designed to improve sleep quality.
 

This includes herbal supplements, relaxation techniques, and other over-the-counter sleep aids that offer similar benefits, potentially limiting the growth prospects of the melatonin segment. While melatonin has shown promising results in managing certain sleep-related issues, the clinical evidence supporting its efficacy in treating long-term sleep disorders is still evolving. This lack of comprehensive scientific backing can affect consumer confidence and limit market growth.

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

Melatonin Supplements Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 220
 Download Free Sample