Melatonin Supplement Market Size
The growing awareness about the need for a healthy lifestyle and the integral role of a good sleep-wake cycle has led to the rise in demand for melatonin supplements. Seen as a largely natural alternative in the sleep support category, the estimated value of the melatonin market in 2021 amounted to $437.9 million. This market is anticipated to grow at a CAGR of 10% between 2021 to 2026.[i] This is why it is the perfect time for supplement brand owners to expand their range of products to include melatonin supplements.
What Drives the Melatonin Supplement Market?
While erratic sleep and the restlessness arising from it are not new concerns, the increasingly adverse environmental conditions, shifting work-life balance, stress, and anxiety in the last couple of years are driving the market for melatonin. Increasing awareness about health and the consumer focus on healthier lifestyles and choices have placed melatonin supplements in a strong position. [ii]
Developed countries have seen a significant rise in the number of individuals suffering from sleep-related disorders. The stressful high-paced lifestyles and careless dietary habits have been projected as the main contributing factors to these issues.[iii] A study in the US National Library of Medicine revealed that almost 40% of the Canadian population show at least one symptom of sleep-related problems.[iv] [v] This has led to an increase in the demand for melatonin supplements in Canada and the other parts of North America. One of the largest manufacturers of synthetic melatonin supplements, North America, is also one of the biggest consumers.
Types of Melatonin Supplements
Melatonin is usually produced by the brain as a natural response to darkness. It aids the regularization of the body’s sleep cycle, also known as the circadian rhythms (the 24-hour internal clock) in the body. Being exposed to bright lights at night can also hamper the natural production of melatonin in the body.[vi]
There are two main types of melatonin supplements based on their production:
- Natural melatonin supplements
- Synthetic melatonin supplements
What are Natural Melatonin Supplements?
Since melatonin is a hormone produced in the body, natural melatonin supplements are made from animal and plant sources. Melatonin can be found in foods such as Goji berries, eggs, milk, fish, nuts, and tart cherries.[vii] In animals, melatonin is produced by the pineal gland and may carry the risk of contamination.[viii] In addition, there is a natural, herbal source of melatonin which is also an option.
What are Synthetic Melatonin Supplements?
Synthetic melatonin supplements are produced in labs. These kinds of melatonin supplements hold the largest share of the melatonin market. Synthetically prepared melatonin supplements are vegan friendly, as is the herbal source of melatonin. More supplement brand owners have started to include synthetic melatonin supplements in their product lines due to the increasing demand.
How Do Melatonin Dietary Supplements Benefit Consumers?
There is an indisputable rise in the consumption of melatonin supplements and current and aspiring supplement brand owners would be wise to add a melatonin product to their line. More consumers are turning to melatonin as a natural alternative that provides support for sleep-relate issues such as:
- Jet Lag: Traveling across time zones can cause a number of sleep issues such as disturbed sleep, daytime tiredness, and digestive problems. In some instances, melatonin dietary supplements can help in reducing these symptoms.
- Delayed Sleep-Wake Cycles: Melatonin supplements are able to aid many people who experienced trouble falling asleep and waking up at the usual timings.
- Shift Workers: Working night shifts or odd hours leads to individuals experiencing tiredness at work or having trouble falling asleep during the day. One of the main benefits of melatonin supplements is that they can help such workers catch up on their much-needed rest.
Refer to our blog “Benefits of Melatonin as a Dietary Supplement” for more information on why brand owners must add melatonin to their line of dietary supplements.
How can NutraScience Labs Help?
The therapeutic use of this supplement drives the need for quality sources, ingredients, and FDA compliant manufacturing.
NutraScience Labs understands that quality is one of the key areas of concern for dietary supplement brand owners looking to create their products. This is one area in which compromise is not accepted, and hence you can only expect the best quality products when working with us.
With over 120 years of combined experience in the nutraceutical industry, we have helped over 2,300 global supplement brand owners formulate and manufacture world-class dietary supplements. We also provide all-inclusive services, such as flavoring, packaging, labeling, and order fulfillment.