The sleep market represents a promising and rapidly evolving industry with significant growth potential. According to public data, over 300 million people in China experience sleep disorders. Between 2016 and 2020, the market size of China’s sleep economy grew from 261.63 billion yuan to 377.86 billion yuan, reflecting a 44.42% increase. It is projected to exceed one trillion yuan by 2030. Ingredient suppliers, food and beverage manufacturers, and other stakeholders are optimistic about the future of the sleep market and are actively developing new ingredients and formulations to meet emerging consumer needs.

In the sleep sector, melatonin is the leading raw material by sales. According to an Emergen Research report, the global melatonin market was valued at $1.69 billion in 2022 and is projected to reach $6.6 billion (approximately 50 billion yuan) by 2032, with a compound annual growth rate (CAGR) of 15.3%. In 2019, the global production of synthetic melatonin was approximately 4,000 tons.

Currently, North America is the largest market for melatonin globally. As a key product of our company, melatonin is exported to North America, Europe, and other regions. With extensive experience and a well-established supply chain, LongYoung Health is equipped to provide comprehensive services to our customers.

LongYoung Health Company Ltd.

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