Eye Health Supplements Market – Industry Analysis and Forecast (2023-2029)

Eye Health Supplements Market is expected to reach USD 2.40 billion by 2029, with a CAGR of 6.1 % between 2023 and 2029.

Eye Health Supplements are supplements that aid in the maintenance of a person's eye health. They're also fantastic for reducing and eliminating the symptoms of infections and eye problems.

By integrating qualitative and quantitative data, the report provides a full view of the market. It investigates the global Eye Health Supplements Market in-depth, as well as forecasts for the major categories. For the years 2022 to 2029, it also contains market size and forecast estimations for five important regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Within each location, the Eye Health Supplements Market is further divided into countries and sectors.To know about the Research Methodology :- Request Free Sample Report
Eye Health Supplements Market Dynamics
Over the forecast period, the rising prevalence of eye problems among the elderly would propel the global Eye Health Supplements Market to considerable growth. As people become older, they are more likely to develop numerous eye disorders that require treatment in order to maintain eye health. The Eye Health Supplements Market is a fantastic tool to combat the eye diseases that occur as people age. Macular degeneration, refractive errors, cataracts, inflammation, diabetic retinopathy, corneal opacity, trachoma, and dry eye syndrome are just a few of the disorders that may be treated with the help of the market.

The market will grow considerably during the forecast period due to an increase in the number of eye problems that will occur in the coming years. Exposure to blue light is growing as a result of the increased usage of smart devices and displays, which is expected to boost the market substantially during the forecast period.

The market is expected to be hampered by strict restrictions governing the production of eye health products. For example, in June 2021, India's Food Safety and Standards Authority of India (FSSAI) issued an alert to all state food safety commissioners to ensure that the recommended dietary allowances (RDA) values of health supplements, including eye health supplements such as vitamins, minerals, and amino acids, do not exceed the required RDA.

Increasing market presence through collaborations and acquisitions
Leading organizations in the global eye health supplements market are attempting to strengthen their positions in the landscape by acquiring small and regional manufacturing enterprises. To increase sales and market share, manufacturers are using commercial and social media campaigns to advertise their products in the market.

In June 2021, Alcon Laboratories, a Novartis business, partnered with Hollywood actress Cheryl Ladd to create a cataract awareness campaign in the United States. This is anticipated to increase public awareness of cataracts and encourage people to use eye health supplements.
Eye Health Supplements Market Segmentation Analysis
By Formulation, in 2021, the tablets segment dominated the eye health supplement market, accounting for 40.6 percent of total sales. Due to their wide availability in various forms such as chewable tablets, sustained-release tablets, and sublingual and buccal tablets, eye health vitamins are becoming increasingly popular in tablet format. Tablets are also driving the market since they are less expensive than other supplement forms and have wide popularity among patients of all ages. Another element boosting demand for tablet formulations is the longer shelf life of tablets compared to powder and liquid forms.

The soft gels segment, on the other hand, is expected to grow at a high rate throughout the forecast period. Soft gels are a great way to get liquid or oil-based nutrients into your body. Researchers believe that supplements supplied in their natural form are more beneficial than ones that have been changed. Additionally, nutrients such as fish oil and krill oil are usually encapsulated in soft gels to avoid side effects that might alter the flavor and scent of the oils. Furthermore, the industry is being driven by the increased availability of soft gel eye health dietary supplements by prominent brands such as Nature's Bounty, VisionShield, GNC, Viteyes, and NOW at moderate costs.
Regional Insight
North America had the greatest revenue share of 35.6 percent in the market in 2021. The rising prevalence of chronic eye disorders, particularly AMD, diabetic retinopathy, glaucoma, and dry eye syndrome, as well as growing awareness and widespread availability of commercialized eye health supplements, are some of the key factors contributing to North America's leading revenue share. Another significant factor driving market expansion in North America is a rise in product releases for eye health supplements in the area.

However, the market in the Asia Pacific is expected to rise at a high rate throughout the forecast period. Factors propelling the market in the area include the existence of a significant number of local market participants offering innovative and cheap eye health supplements, as well as rising contract manufacturing hubs for eye health supplements such as China, India, and the Philippines. Secondly, increased eye health awareness has a favourable influence on regional market growth. In addition, the rising frequency of eye-related illnesses in Asian nations is likely to be a major market driver. According to a survey issued by the International Finance Corporation, China is seeing a 6.0 percent yearly growth in blindness cases, with the country housing roughly one-fifth of the world's blind population.

Report Objectives:

Landscape analysis of the Eye Health Supplements Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Eye Health Supplements Market dynamics, and structure by analyzing the market segments to project the Eye Health Supplements Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Eye Health Supplements Market make the report investor’s guide.
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 Eye Health Supplements Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.58Bn


Forecast Period 2023 to 2029 CAGR:
6.1 %
Market Size in 2029:
US $ 2.40 Bn.


 Segments Covered:
by Ingredient Type
Lutein and Zeaxanthin
Antioxidants
Omega-3 Fatty acids
Coenzyme Q10
Flavonoids
Alpha-Lipoic Acid
Astaxanthin
Other Supplements


by Indication
Age-related Macular Degeneration (AMD)
Cataract
Dry Eye Syndrome
Inflammation
Others


by Formulation
Tablets
Capsules
Powder
Softgels
Liquid



Eye Health Supplements Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players
1.The Nature's Bounty Co.
2.Vitabiotics Ltd.
3.Pfizer Inc.
4.Amway International
5.Bausch & Lomb
6.Nutrivein
7.ZeaVision LLC
8.Kemin Industries, Inc.
9.EyeScience
10.Nutrachamps
11.Biosyntrx Inc.
12.Nordic Naturals Inc.
13.Bristol-Myers Squibb Company
14.Healths Harmony USA Supplements LLC
15.NUSAPURE
16.Life Extension
17.OmniActive Health Technologies
18.Algatechnologies
19.Alliance Pharma
20.NovaBay

Frequently Asked Questions:

1. Which region has the largest share in Global Eye Health Supplements Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Eye Health Supplements Market?
Ans: The Global Market is growing at a CAGR of 6.1% during forecasting period 2023-2029.

3. What is scope of the Global Eye Health Supplements Market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this Market?
Ans: The Global Market is studied from 2022 to 2029.