Melatonin Market Development, Size, Share, Growth, Overview and Demand Forecasts
Melatonin Market |
Melatonin
is a hormone that has been synthesized and is found in plants, animals,
bacteria, and fungi. Melatonin is used in food and beverages, pharmaceuticals,
and dietary supplements due to its antioxidant properties. Melatonin is also
used in the production of bio-based spray polyurethane foam (SPF), which is
used in the insulation of buildings. SPF has better insulation properties than
traditional insulators like fiberglass, resulting in lower heating and cooling
costs. The previously mentioned factor is expected to drive the melatonin
market in the coming years.
Increased
health awareness among consumers results in a change in lifestyle, which has an
impact on the growth
of the Melatonin Market. People are also increasingly interested in
dietary supplements, which increases the demand for Melatonin. The food and
beverage sector is expanding, and as a result, people's spending on various
food products is increasing, propelling the market for Global Market.
The number of pharmacies, multi-specialty
stores, clinical centers, and diagnostic sectors is increasing, resulting in
new opportunities for consumers. Melatonin is used in the production of
bio-based spray polyurethane foam for construction and building insulation, and
its market growth is expected. The market is growing as a result of urbanization,
industrialization, and population growth. Melatonin
market demand is increasing due to an increase in the number of working
women and increased disposable income. Melatonin supplements benefit cancer
patients by reducing chemotherapy and increasing patient survival time. With
the growing online trend, the Global
Melatonin Market is also expanding because most people use online platforms
for purchasing and the online melatonin industry is growing with increased
internet penetration, which boosts the market for Global Melatonin.
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