Melatonin Market Analysis, Size, Share, Trends, Growth And Forecasts, 2014 To 2020: Grand View Research

Global melatonin market is expected to witness significant growth over the forecast period on account of its increasing demand from pharmaceutical industry. Increasing application scope of melatonin in manufacturing bio-based spray polyurethane foam (SPF), which is extensively used in building insulation, is one of the key factors expected to propel the market growth over the next six years. Furthermore, SPF has been replacing the application of traditional insulators including natural fiber and fiber glass, which is expected to boost melatonin demand over the forecast period. Rising demand from other end-user industries including food & beverage and dietary supplements is further expected to augment the future market growth. Melatonin is well known as a natural wonder drug which induces sleep, improves immune system, and reduces the risk of cancer in human beings. On account of aforementioned medicinal properties, melatonin finds numerous applications in medical industry, which is exp
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