Global Melatonin Supplements Market Size, Share, and COVID-19 Impact Analysis, By Form (Sublingual Pellets, Tablets & Capsules, Liquid, and Others), By Application (Jet Lag, Insomnia, Shift Work Sleep Disorder, and Others), By Distribution Channel (Drug Stores, Supermarkets, Online Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Melatonin Supplements Market Insights Forecasts to 2033

• The Global Melatonin Supplements Market Size was Estimated at USD 2.47 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 14.82% from 2023 to 2033
• The Worldwide Melatonin Supplements Market Size is Expected to reach USD 9.84 Billion by 2033
• Asia Pacific is Predicted to Grow at the fastest CAGR throughout the projection period

The Global Melatonin Supplements Market Size is Predicted to Exceed USD 9.84 Billion by 2033, Growing at a CAGR of 14.82% from 2023 to 2033.

Market Overview

The melatonin supplements market focuses on producing, distributing, and applying melatonin-based dietary supplements, which regulate sleep-wake cycles and are used to treat sleep disorders, jet lag, and stress-related insomnia. Melatonin is a hormone that regulates sleep-wake cycles and is primarily synthesized and secreted in the pineal gland. It plays a crucial role in regulating human circadian rhythms and sleep-wake patterns. Melatonin supplements, often synthetically made, can help with conditions like jet lag, delayed sleep-wake phase disorder, some sleep disorders in children, and anxiety before and after surgery. Endogenous melatonin is primarily produced in the pineal gland and interacts with the suprachiasmatic nucleus of the hypothalamus and retina. Melatonin, a tryptophan derivative, binds to melatonin receptor type 1A, inhibiting adenylate cyclase and activating phospholipase C. This leads to the release of arachidonate and various physiological processes. Melatonin receptors are G protein-coupled and are expressed in various tissues. Activation of melatonin receptors inhibits adenylyl cyclase, reducing cAMP formation and regulating ion flux. The melatonin supplements market is fueled by growing global awareness of sleep's significance and the rise in sleep disorders. Melatonin, a naturally occurring hormone, is a dietary supplement to manage sleep-related issues like insomnia and jet lag.

Report Coverage

This research report categorizes the global melatonin supplements market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global melatonin supplements market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global melatonin supplements market.

Driving Factors:

The market for melatonin supplements is growing as a result of several factors, including growing awareness of the importance of sleep, an increase in sleep disorders, a preference for natural sleep aids, aging populations, the growth of e-commerce, clinical evidence, and scientific research. Businesses are creating customized sleep aids that combine melatonin with chamomile, magnesium, and valerian root to improve sleep quality. Plant-based formulations and environmentally friendly packaging are the main topics of sustainability trends. To promote responsible use, governments are enforcing safety laws and dosage recommendations. For easy consumption, melatonin is being added to functional foods. Melatonin's function in stress reduction and cognitive health is being investigated by scientists. These elements are propelling the market's expansion and guaranteeing that melatonin supplements are used responsibly.

Restraining Factors

The melatonin supplements market faces restraining factors such as regulatory uncertainty, potential side effects, competition from alternative sleep aids, limited long-term research, and consumer misuse and over-reliance.  

Market Segmentation

The global melatonin supplements market share is classified into form, application, and distribution channel.

• The tablets and capsules segment dominated the global melatonin supplements market in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period.

Based on the form, the global melatonin supplements market is categorized into sublingual pellets, tablets & capsules, liquid, and others. Among these, the tablets and capsules segment dominated the global melatonin supplements market in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period. The longer shelf life, improved bioavailability, controlled drug delivery, improved disintegration rate, rapid dissolution rate, quicker systemic circulation entry, patient compliance, improved biopharmaceutical properties, and quicker onset of action are all factors contributing to the segmental expansion.

• The insomnia segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.

Based on the application, the global melatonin supplements market is categorized into jet lag, insomnia, shift work sleep disorder, and others. Among these, the insomnia segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The insomnia segment in the melatonin supplements market is growing due to factors such as the increasing prevalence of sleep disorders, shift towards natural sleep aids, aging population, scientific research and clinical evidence, e-commerce growth, and increasing stress and hectic lifestyles.

• The drug stores segment accounted for a significant share in 2023 and is expected to grow at a remarkable CAGR throughout the projected timeframe.

Based on the distribution channel, the global melatonin supplements market is categorized into drug stores, supermarkets, online retail, and others. Among these, the drug stores segment accounted for a significant share in 2023 and is expected to grow at a remarkable CAGR throughout the projected timeframe. Drug stores play a crucial role in the melatonin supplements market, providing easy access to sleep aids through brick-and-mortar pharmacies and retail chains. They offer quality assurance, expert recommendations, and competitive pricing.

Regional Segment Analysis of the Global Melatonin Supplements Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global melatonin supplements market over the predicted timeframe.

North America is anticipated to hold the largest share of the global melatonin supplements market over the predicted timeframe. The market for melatonin supplements in North America is growing as a result of an aging population, a rise in sleep disorders, and a preference for natural sleep aids. Jet lag, insomnia, and sleep disorders brought on by stress are the main causes. Prescription drug use is declining as consumers favor non-addictive, plant-based substitutes. Melatonin supplements are becoming more widely available due to the growth of e-commerce, and clinical and scientific studies back up their ability to control sleep cycles. The market is growing as a result of government initiatives that raise awareness of sleep health and supplement safety.

Asia Pacific is anticipated to grow at the fastest CAGR throughout the projected timeframe. The aging population, growing e-commerce, growing awareness of sleep health, an increase in sleep disorders, a preference for natural sleep aids, scientific research, and clinical evidence are all contributing factors to the growth of the Asia-Pacific melatonin supplement market. Melatonin-based products are becoming more and more popular as consumers realize how important good sleep is. The market is expanding due to consumer preference for plant-based, non-addictive substitutes. Scientific studies demonstrating melatonin's efficacy in regulating sleep cycles are bolstering consumer confidence, and online platforms are making the supplements more widely available.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global melatonin supplements market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vitacost
• Natrol
• Douglas Laboratories
• Life extension
• Puritan’s Pride
• Jarrow Formulas
• CVS Health
• Walgreens
• Swanson Health Products
• GNC
• Country Life Vitamins
• Amazing Nutrition
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Vestige Marketing launched two new products, Absorvit Biotin Sublingual Spray and Melatonin Sublingual Spray, under the Vestige Prime brand. These easy-to-use sublingual sprays are designed for individuals experiencing hair loss, thinning, or slow growth. With a 90% absorption rate and advanced delivery system, they promote stronger, shinier hair and are suitable for calorie-conscious individuals due to their low glycemic index.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global melatonin supplements market based on the below-mentioned segments:

Global Melatonin Supplements Market, By Form

• Sublingual Pellets
• Tablets & Capsules
• Liquid
• Others

Global Melatonin Supplements Market, By Application

• Jet Lag
• Insomnia
• Shift Work Sleep Disorder
• Others

Global Melatonin Supplements Market, By Distribution Channel

• Drug Stores
• Supermarkets
• Online Retail
• Others

Global Melatonin Supplements Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa