Dietary supplements has proved to be the fastest growing segment upto 2023 for Melatonin, 5-HTP and Serotonin Market due to the growing awareness.

5-Hydroxytryptophan (5-HTP), a natural amino acid, is a chemical precursor of biosynthetic neurotransmitters Serotonin and Melatonin. It is used as a dietary supplement, sleep aid, and appetite suppressant and is also marketed for the indication of major depression. In the United Kingdom, the United States, Australia, and Canada, 5-HTP is sold as an over the counter (OTC) product.

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Serotonin also called as 5-hydroxytryptamine (5-HT), is a monoamine neurotransmitter and it regulates the mood, sleep, and appetite. Melatonin is a hormone and its effects are produced through the activation of melatonin receptors. Secretion of melatonin reduces with age and leads to insomnia. In North, America Melatonin is sold as an OTC product and not regulated by FDA, whereas, in Europe and Asia-Pacific it is a prescription drug.

A pin-point analysis of the Global Melatonin, 5-HTP and Serotonin Market focuses on various aspects of the market such as market trends, market drivers, restraints and opportunities. The competitive landscape section focuses on key leaders within the Global Melatonin, 5-HTP and Serotonin Market and their major growth strategies. A deep-dive analysis of segments identifies potential segments which would act as a guide for strategists.

Over the past few years, Global Melatonin, 5-HTP and Serotonin Market have witnessed an incredible surge in sales specifically in North America where it is popularly recognized as a dietary supplement with a lack of adverse effects. The major driver for this market is a rise in levels of stress that leads to a decrease in the serotonin level in the individual. However, government regulation, lack of awareness and volatility of raw material price are some of the restraints to this market. Finding new applications of these biological components could potentiate the growth of this market. Emerging economies such as India and China are also potential opportunities for this market to expand.

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Global Melatonin, 5-HTP and Serotonin Market by Application:

The Global Melatonin, 5-HTP and Serotonin Market is segmented by application into several categories, such as Medicine, Dietary supplements, Food & Beverages, and others. In terms of revenue and volume of these biological components, the segment of dietary supplement dominates the market. Dietary supplements have proved to be the fastest growing segment for Melatonin due to the growing awareness. Application of Melatonin, 5-HTP, and Serotonin in Medicines is the second largest segment followed by food and beverage.

Global Melatonin, 5-HTP and Serotonin Market by Geography:

Geographically, Global Melatonin, 5-HTP and Serotonin Market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America dominates the Global Melatonin, 5-HTP and Serotonin Market owing to growing awareness about these biological components as dietary supplements, lack of side effects and rising stress levels. Emerging economies such as India and China, are potential markets for the expansion of business but lack of awareness and drug regulations could pose a hindrance for growth.


Competitive Landscape:

Fidia Farmeceutici Spa, Flynn Pharma Ltd., Aspen Pharmacare Ltd., Linnea SA, Takeda Pharmaceuticals International GmbH, Chemill Inc, Cactus Botanics SanHerb Biotech Ltd., and Jiaherb Inc. are some of the key players of this market. The manufacturers of this market are adopting the strategy of expansion in order to increase their global reach and cater to emerging markets such as Asia-Pacific.

High-Level Analysis:

A comprehensive analysis of Global Melatonin, 5-HTP and Serotonin Market provides an overview of the market and its key concerns. The market dynamics section covers market drivers, restraints and opportunities within the Global Melatonin, 5-HTP and Serotonin Market and helps in simplifying market behavior. Porter’s Five Forces analysis gives a bird’s eye view on the factors influencing the market profitability. Global Melatonin, 5-HTP, and Serotonin industry exhibit a moderate forward integration.

A few manufacturers of this market engage in downstream activities to gain a competitive edge in order to retain their customers and market demand. Thus, the bargaining power of the supplier in this industry is moderate. North America region has a substantial threat from new entrants as the product doesn’t require regulatory consideration and sold as OTC. In the Asia-pacific and Europe on the other hand, the threat of new entrants is moderate due to the regulation of the product as a prescription drug. An industrial rivalry is intense due to consistent efforts of manufacturers to expand their business and enter new markets such as India and China.

KEY BENEFITS

This report offers the following benefits:
• In-depth analysis of the Global Melatonin, 5-HTP and Serotonin Market including drivers, restraints, and opportunities would help professionals to better understand market behavior.
• Pin-point analysis of geographic segments helps to identify opportunities for growth within the Global Melatonin, 5-HTP and Serotonin Market.
• Porter’s Five Forces analysis examines the competitive structure of the Global Melatonin, 5-HTP and Serotonin Market and would assist market strategists.
• Detailed study of the strategies of key leaders, expansions and acquisitions in the Global Melatonin, 5-HTP and Serotonin Market would be informative for professionals in the corporate sector.
• The market estimates provided in the report would enable market projections to determine the growth of the Global Melatonin, 5-HTP and Serotonin Market.

KEY DELIVERABLES

The Global Melatonin, 5-HTP and Serotonin Market is segmented into two major categories: Application and Geography.

MARKET BY APPLICATION
Medicine
Dietary supplements
Food & beverages
Others

MARKET BY GEOGRAPHY
North America
Europe
Asia-Pacific
LAMEA

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