Global Melatonin, 5-HTP and Serotonin Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global melatonin, 5-HTP and serotonin market in its upcoming report titled, “Global Melatonin, 5-HTP and Serotonin Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global melatonin, 5-HTP, and serotonin market is estimated to register a CAGR of X.X% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global melatonin, 5-HTP and serotonin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global melatonin, 5-HTP and serotonin market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global melatonin, 5-HTP and serotonin market report has been segmented on the basis of application, product, and region.

5-Hydroxytryptophan (5-HTP) is a naturally occurring amino acid and is a chemical precursor of biosynthetic neurotransmitters serotonin and melatonin. It is used as a dietary supplement, sleep aid, and as an appetite suppressant. Serotonin also called as 5-hydroxytryptamine (5-HT), is a monoamine neurotransmitter, and is primarily used for regulating mood, sleep, and appetite. Melatonin is a hormone and its effects are produced through the activation of melatonin receptors. Moreover, secretion of melatonin reduces with age and leads to insomnia.

Rise in stress levels of individuals is a key driver for growth of the global melatonin, 5-HTP and serotonin market. In addition, growing awareness about these biological components as dietary supplements, and the lack of side effects are major factors driving growth of the global melatonin, 5-HTP and serotonin market. However, lack of proper international standards for products, and volatility of raw material prices are some key restraints for growth of the global melatonin, 5-HTP and serotonin market.

Currently, the market in North America dominates the global market in revenue terms owing to growing awareness about these biological components as dietary supplements, and rising stress levels in the region. Europe is currently the second-largest market due to high healthcare expenditure by governments of countries in the region, and high disposable income. Emerging economies in Asia Pacific such as India, and China are high potential markets for major players operating in the in the melatonin, 5-HTP and serotonin market in the region. However, lack of awareness and standard drug regulations could pose a hindrance for market growth.

Global Melatonin, 5-HTP and Serotonin Market Segmentation:

Global melatonin, 5-HTP and serotonin market segmentation by product:

• Pharmaceutical grade products
• Food grade products

Global melatonin, 5-HTP and serotonin market segmentation by application:

• Medicine
• Dietary supplements
• Food & beverages
• Others

Global melatonin, 5-HTP and serotonin market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa