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Which Is Base Year Calculated In The Melatonin Industry Report?

Coherent Market Insights published innovative data entitled Melatonin Market. This report uses an exploratory technique, such as primary and secondary research, which helps to discover the desired data. It focuses on a global scenario such as Melatonin to learn the global strategy of industries and study the various regions such as North America, Latin America, China, Japan, Asia, and India.

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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.

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.

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.

Looking For Regional Analysis Or Competitive Landscape In Melatonin Market

https://www.coherentmarketinsights.com/insight/request-sample/4100

[Note: *The sample Includes

1) Table of Content (ToC),
2) Research Framework of the actual report, and
3) Research Methodology adopted for it.]

Important Information that can be extracted from the Report:

♦ Assessment of the COVID-19 impact on the growth of the Melatonin Market

♦ Successful market entry strategies formulated by emerging market players

♦ Pricing and marketing strategies adopted by established market players

♦ Country-wise assessment of the Melatonin Market in key regions

♦ Year-on-Year growth of each market segment over the forecast period 2027

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In Addition, The Years Considered For The Study Are As Follows:

Historical year – 2014 to 2018
Base year – 2019
Forecast period – 2020 to 2026

 

nirav

About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformation growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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