DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Melatonin, 5-HTP and Serotonin Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
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 has 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.
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.
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-H
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