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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Melatonin is a hormone that helps in regulating the sleep-wake cycle and is produced naturally in the body. It is synthetically produced in a laboratory for treating short-term treatment of insomnia. It has antioxidant properties which expand its applications across pharmaceuticals, food & beverages, and dietary supplements.

The global melatonin market is estimated to account for US$ 436.8 Mn in terms of value and 3,039 Tons in terms of volume by the end of 2019.

Drivers:

High demand for a dietary supplement in the U.S. is expected to propel the market growth of the melatonin. Moreover, it can be consumed by an all-age group as it has low side-effects. Increasing health awareness among consumers coupled with the changing lifestyle is expected to foster the demand for a dietary supplement. Thus, the high awareness level of dietary supplement among consumers of the U.S. is projected to augment the market growth of melatonin.

Growth in the food &beverage industry is expected to augment the market growth of the melatonin. Increasing consumer spending on the food products coupled with the growing demand for various food products is expected to propel the market growth of the melatonin. According to the United States Department of Agriculture Economic Research Service, in 2019, food spending by U.S. consumers, businesses and government entities was valued $1.77 trillion.

Figure 1. Global Melatonin Market Share (%) in terms of Value, By Region, in 2019

Melatonin  | Coherent Market Insights

North America region dominated the global melatonin market in 2019, accounting for 57.4% share in terms of value, followed by Europe and Asia Pacific respectively.

Market Restraints

Strict governmental rules and regulations as melatonin tablets are regulated as prescribed drugs is expected to hinder the market growth of the melatonin. Thus, strict regulations associated with the melatonin tablets are projected to restrict the market growth.

Misconception associated with the side-effects of melatonin is projected to restrict the market growth. Moreover, the fluctuating price of raw materials used in the manufacturing of artificial melatonin is expected to restrict the market growth of the melatonin.

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Melatonin Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 436.8 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.2% 2027 Value Projection: US$ 764.5 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Application: Dietary Supplements, Medicine, Food & Beverages, and Others
Companies covered:

Natrol Inc., Neurim Pharmaceuticals Ltd., Pulse Pharmaceuticals Pvt. Ltd., Flynn Pharma Ltd., Fidia Farmaceutici S.P.A., Aspen Pharmacare Holdings Ltd., Schiff Nutrition International Inc., Solal Technologies (Pty) Ltd., Rexall Sundown, Inc., and Bebida Beverage Co.

Growth Drivers:
  • High demand for dietary supplements in the U.S. is expected to propel the market growth of the melatonin.
  • Growth in the food & beverage industry is expected to augment the market growth of the melatonin market.
Restraints & Challenges:
  • Strict governmental rules and regulations as melatonin tablets are regulated as prescribed drugs is expected to hinder the market growth of the market.

Market Opportunities

A growing number of pharmacies, multi-specialty stores, clinical centers, and diagnostics center is expected to bring new market opportunities. Rapidly growing prevalence of lifestyle and chronic disease coupled with the changing eating habits of the consumers is propelling demand for immunity booster medicine. This is further expected to augment the market growth of the melatonin over the forecast period.

Increasing use of melatonin in the production of bio-based spray polyurethane foam (SPF) for construction & building insulation is expected to provide potential opportunities in the near future. This is attributed to the growth in the construction industry due to rapidly growing urbanization and industrialization around the globe coupled with the increasing populations. Thus growing demand for melatonin from the construction industry is expected to propel the market growth.

Figure 2. Global Melatonin Market– Opportunity Analysis

Melatonin  | Coherent Market Insights

Market Trends/Key Takeaways

The growing number of nutrimental supplements in the market is a current trend. Increasing clinical trials in the field of melatonin supplements for reducing chemotherapy and increase the survival period of a cancer patient is another major trend in the market. Also, a growing number of working women and increasing disposable income of the consumers is again anticipated to propel the market growth of the melatonin.

Expanding online retail industry due to the increasing number of user purchasing products from the online platform is a growing trend in the market. This is also attributed to the growing usage of the internet and the online platform offers various schemes and discounts of purchasing for attracting more customers. An increasing number of an online portal that offers various melatonin formulations is again anticipated to augment market growth over the forecast period.

Figure 3. Global Melatonin Market Share (%) in terms of Value, By Application, in 2019

Melatonin  | Coherent Market Insights

On the basis of application in 2019, the dietary supplements has accounted the largest market share of 49.8% in terms of value, followed by medicine and food & beverage segment respectively.

Global Melatonin Market- Impact of Coronavirus (Covid-19) Pandemic

The sudden outbreak of the novel coronavirus is expected to boost the growth of the melatonin market owing to increase in the demand for sleep-related substitutes globally owing to increase stress and unhealthy lifestyle among the population worldwide. Moreover, it is estimated that the sales of sleeping remedies accounts for over US$ 1.04 billion in the United States in the year 2019-20.

Competitive Section:

Company Names 

  1. Natrol, Inc.
  2. Neurim Pharmaceuticals Ltd.
  3. Pulse Pharmaceuticals Pvt. Ltd.
  4. Flynn Pharma Ltd.
  5. Fidia Farmaceutici S.P.A.
  6. Aspen Pharmacare Holdings Ltd.
  7. Schiff Nutrition Internatoional Inc.
  8. Solal Technologies (Pty) Ltd.
  9. Rexall Sundown, Inc
  10. Bebida Beverage Co.

Melatonin is a hormone that helps in regulating the sleep-wake cycle and is produced naturally in the body. It is synthetically produced in a laboratory for treating short-term treatment of insomnia. It has antioxidant properties which expand its applications across pharmaceuticals, food & beverages, and dietary supplements.

 Market Dynamics

Increasing use of melatonin in the production of bio-based spray polyurethane foam (SPF) for construction & building insulation is expected to provide potential opportunities in the near future. This is attributed to the growth in the construction industry due to rapidly growing urbanization and industrialization around the globe coupled with the increasing populations. Thus growing demand for melatonin from the construction industry is expected to propel the market growth.

Growth in the food &beverage industry is expected to augment the market growth of the melatonin. Increasing consumer spending on the food products coupled with the growing demand for various food products is expected to propel the market growth of the melatonin. According to the United States Department of Agriculture Economic Research Service, in 2019, food spending by U.S. consumers, businesses and government entities was valued $1.77 trillion.

Key features of the study:

  • This report provides in-depth analysis of the global melatonin market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global melatonin market.
  • It profiles key players in the global melatonin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Natrol Inc., Neurim Pharmaceuticals Ltd., Pulse Pharmaceuticals Pvt. Ltd., Flynn Pharma Ltd., Fidia Farmaceutici S.P.A., Aspen Pharmacare Holdings Ltd., Schiff Nutrition International Inc., Solal Technologies (Pty) Ltd., Rexall Sundown, Inc., and Bebida Beverage Co.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global melatonin market report caters to various stakeholders in this industry including investors, suppliers, global soy and milk protein ingredients manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global melatonin market

Detailed Segmentation:

  • Global Melatonin Market, By Application:
    • Dietary Supplements
    • Medicine
    • Food & Beverages
    • Others
  • Global melatonin market, By Region:
    • North America
      • U.S.
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Canada
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
    • Europe
      • U.K.
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Germany
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • France
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Italy
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Spain
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Russia
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Rest of Europe
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • India
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Japan
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • ASEAN
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Australia
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • South Korea
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
    • Latin America
      • Brazil
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Mexico
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Rest of Latin America
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
    • Middle East & Africa
      • Middle East
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
      • Africa
        • By Application:
          • Dietary Supplements
          • Medicine
          • Food & Beverages
          • Others
  • Company Profiles
    • Natrol Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Neurim Pharmaceuticals Ltd.
    • Pulse Pharmaceuticals Pvt. Ltd.
    • Flynn Pharma Ltd.
    • Fidia Farmaceutici S.P.A.
    • Aspen Pharmacare Holdings Ltd.
    • Schiff Nutrition Internatoional Inc.
    • Solal Technologies (Pty) Ltd.
    • Rexall Sundown, Inc
    • Bebida Beverage Co.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Melatonin Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Melatonin Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Dietary Supplements
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Medicine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Melatonin Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Natrol Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Neurim Pharmaceuticals Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Pulse Pharmaceuticals Pvt.Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Flynn Pharma Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fidia Farmaceutici S.P.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Aspen Pharmacare Holdings Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Schiff Nutrition International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Solal Technologies (Pty) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rexall Sundown, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bebida Beverage Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for melatonin market is estimated to surpass US$ 764.5 million by 2027, exhibiting a CAGR of 7.2% between 2020 and 2027.
High demand for a dietary supplement in the U.S. is expected to propel the market growth of the melatonin. Moreover, it can be consumed by an all-age group as it has low side-effects. Increasing health awareness among consumers coupled with the changing lifestyle is expected to foster the demand for a dietary supplement. Thus, the high awareness level of dietary supplement among consumers of the U.S. is projected to augment the market growth of melatonin.
The melatonin market is expected to exhibit a CAGR of 7.2% during the forecast period (2020-2027).
Major players operating in the global melatonin market include Natrol Inc., Neurim Pharmaceuticals Ltd., Pulse Pharmaceuticals Pvt. Ltd., Flynn Pharma Ltd., Fidia Farmaceutici S.P.A., Aspen Pharmacare Holdings Ltd., Schiff Nutrition International Inc., Solal Technologies (Pty) Ltd., Rexall Sundown, Inc., and Bebida Beverage Co.
Misconception associated with the side-effects of melatonin is projected to restrict the market growth. Moreover, the fluctuating price of raw materials used in the manufacturing of artificial melatonin is expected to restrict the market growth of the melatonin.
Expanding online retail industry due to the increasing number of user purchasing products from the online platform is a growing trend in the market. This is also attributed to the growing usage of the internet and the online platform offers various schemes and discounts of purchasing for attracting more customers. An increasing number of an online portal that offers various melatonin formulations is again anticipated to augment market growth over the forecast period.
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