5-Hydroxytryptophan (5-HTP), a natural amino acid, is a chemical precursor of biosynthetic neurotransmitters Serotonin and Melatonin. Biosynthetic Neurotransmitters Serotonin and Melatonin is used as a dietary supplement, sleep aid, and appetite suppressant and is also marketed for the indication of major depression. In United Kingdom, United States, Australia and Canada, 5-HTP is sold as an over the counter (OTC) product. 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.
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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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High Level Analysis A comprehensive
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 exhibits 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 Asia-pacific and Europe on the other hand, the threat of new entrants is moderate due to regulation of the product as a prescription drug. 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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