Portland, OR -- (SBWire) -- 07/28/2017 --5-Hydroxytryptophan (5-HTP), a natural amino acid, is a chemical precursor of biosynthetic neurotransmitters Serotonin and Melatonin. It 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.
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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-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.
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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
Global Melatonin, 5-HTP and Serotonin Market - Opportunities and Forecasts, 2014-2022