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 ...