PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397317
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397317
The global Melatonin API Market has witnessed remarkable growth, reaching a market valuation of US$ 2.9 billion in 2024. The market is projected to continue its rapid expansion, reaching US$ 9 billion by the end of 2031, according to a recent study conducted by Fairfield Market Research.
The FDA in the United States has established stringent criteria for API manufacturing based on processes, sources, and quality standards. These regulations ensure that melatonin APIs meet high-quality and safety standards, contributing to the market's prominence.
Germany's market for melatonin APIs benefits from prescription-only availability, leading to higher-quality pharmaceutical melatonin. This has resulted in the need for higher doses of melatonin from pharmaceutical production due to limited bioavailability.
China's Ministry of Health submits new drug registration clearances to the Chinese Food & Drug Administration (CFDA). Foreign companies seeking to manufacture or import medicines in China must register their imported drug applications, including excipients, packaging components, and APIs produced overseas, resulting in the emergence of China as a prominent market for melatonin APIs.
The melatonin API market has been driven by low-cost innovations, production efficiency, skilled labor, and innovative research and development activities. Key players in the market include Merck KGaA, Caesar & Loretz GmbH, EVONIK, Bio-Techne Corp., Cayman Chemical Company (Matreya), Spectrum Chemical, LGM Pharma, Flavine Europe GmbH, Ralington Pharma, SimSon Pharma Limited, Santa Cruz Biotechnology, Inc., Biosynth, Otto Chemie Pvt. Ltd., Pharmaffiliates Analytics and Synthetics P. Ltd., and Clearsynth Labs.