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Melatonin Supplements Market Trends

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

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Melatonin Supplements Market Trends

Recent trends in the melatonin supplements industry have reflected a growing inclination towards personalized and natural sleep solutions. Consumers are seeking products that offer not only effective sleep management but also additional health benefits. Consequently, manufacturers have been focusing on developing innovative formulations that combine melatonin with other natural ingredients known for their calming and sleep-inducing properties, such as valerian root, chamomile, and magnesium.

Moreover, there has been an increased emphasis on creating melatonin supplements in various convenient formats, including gummies, dissolvable tablets, and liquid drops, catering to diverse consumer preferences. Additionally, with a rise in health consciousness, there has been a growing demand for organic and non-GMO (genetically modified organism) melatonin supplements, driving manufacturers to source high-quality, natural ingredients and adopt sustainable production practices.

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.