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MELATONIN MARKET ANALYSIS

Melatonin Market, By Source (Plants, Animals, Bacteria, and Others), By Type (Natural Melatonin, Synthetic Melatonin), By End User (Pharmaceuticals, Food & Beverage, Medical & Healthcare, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jun 2024
  • Code : CMI4100
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Food Ingredients
Market Challenges: Side effects associated with melatonin supplements

The side effects associated with melatonin supplements are posing a serious challenge for the growth of the global melatonin market. Melatonin supplements are often used to promote better sleep. However, some potential side effects are being reported which is creating concern among consumers. Some common side effects include daytime drowsiness, dizziness, nausea, headaches and irritability. In some cases, melatonin supplements have also been reported to cause altered dreams or nightmares. The side effects tend to be more common with higher dosage levels. The risk of side effects also increases with long-term use of melatonin supplements beyond three months. This long-term safety data is still limited which is causing hesitation among people.

Market Opportunities: Development of innovative melatonin-based products

The global melatonin market has seen tremendous growth in recent years due to rising awareness about its health benefits and natural sleep-regulating properties. Melatonin is a hormone that helps control the sleep-wake cycle by inducing drowsiness and relaxing the muscles. As more people face issues like insomnia, jet lag, and stress, the demand for non-addictive melatonin supplements as an alternative to prescription drugs has surged. However, the market has been dominated by traditional melatonin capsules and tablets. There is now a massive opportunity for manufacturers to develop innovative product formats that are more effective, convenient and appealing to modern consumers. New delivery forms such as sublingual sprays, fast-dissolving strips and gummies could help speed up melatonin absorption into the bloodstream for faster action compared to pills. These novel formats would be particularly popular among travelers, shift workers and the elderly. Product developers are also researching improved formulations that combine melatonin with other natural sleep aids like chamomile, CBD, magnesium or GABA to produce synergistic sleep-promoting effects. Customizing melatonin levels and delivery profiles for different needs through controlled-release or time-delay technologies could further boost efficacy. Such cutting-edge product innovations have the potential to revolutionize the melatonin market and capture a significant share of the lucrative sleep remedies industry worth billions.

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