What is the projected growth rate (CAGR) of the Melatonin Market from 2024 to 2031, and what is the market value expected to change by 2031?

Melatonin Market is reached at a CAGR during the forecast period 2024-2031.Melatonin usage in treatment of insomnia is on the rise. Demand from construction industry in USA is growing. Competitive rivalry intensifies with Aspen Australia, Nature’s Bounty, Pfizer, Natrol LLC and others active in the market.

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What is Melatonin Market ?

Melatonin is a naturally occurring hormone produced by the pineal gland in the brain, primarily responsible for regulating the body’s sleep-wake cycle, or circadian rhythm. It is also available as a dietary supplement, commonly used to help manage sleep disorders, jet lag, and insomnia. Melatonin levels typically rise in the evening to promote sleep and decrease in the morning to support wakefulness. In addition to its role in sleep regulation, melatonin also exhibits antioxidant properties and supports immune and cellular health. It is available in various forms including tablets, gummies, capsules, and sprays, often found in over-the-counter wellness and nutraceutical products.

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Conclusion

Melatonin continues to gain popularity as a natural and effective solution for sleep-related concerns in an increasingly health-conscious consumer market. With expanding research supporting its benefits beyond sleep, including stress reduction and immune support, melatonin supplements are becoming a key segment in the global wellness and dietary supplement industry.

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Top Key Companies:

Aspen Australia, Nature's Bounty, Pfizer, Natrol LLC, and Biotics Research Corporation. These companies are adopting strategies like product launches and acquisitions to maintain market share.

Market Segments:

By Type:  Synthetic Melatonin, Natural Melatonin

By Application:  Medical Industry, Dietary Supplement, Construction Industry, Other Applications

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