The global eye health supplements market is anticipated to reach market size of around US$ 2,400 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027.
Owing to the immense increase of brands for optics supplements that have penetrated the market, the demand on the global eye health supplements market has risen. Besides strengthening or improving the view, any infections and eye disorders is often helped by eye health supplements. A part of the eye health supplements are the vitamins, proteins and omega acids that help to preserve the eye health and ensure daily supply of essential minerals. Zinc, omega-3 fatty acids, vitamin B1, and vitamin C are some of the main ingredients of eye health supplements. Lutein and zeaxanthine are, in addition, among other essential additives that boost eye health supplements efficiency. Thanks to an increasing awareness of different varieties of supplements on the market, the global eye health supplements market has grown at a stellar pace. In addition, in the light of the discovery of improved production techniques for eye health supplements, the demand in the market has tracked an increase in growth.
The global demand for eye supplements is expected to rise quickly in the next year. An growing number of cases of vision deficiency worldwide are a important reason for this development. Recently, the myopic population has risen remarkably. During the COVID-19 pandemic, the world's biggest workforce was put to work. As a result, the use of screens and simulated meetings when working at home is dramatically growing. This aspect increases the market appetite for eye health supplements. The rise of the global eye supplements market is expected to fuel increased cases of various progressive eye health conditions, such as glaucoma, cataract and age-related macular degeneration. The growing trend towards the use of eye health supplements by older populations, as well as thousands of years of digital tiredness and myopia have been a core driver of the growth of the worldwide market in eye health supplements.
According WHO, in 2019 about 2.2 billion people globally have visual deficiency or blindness. Regions with low and middle income such as South Asia, Western and Eastern Sub-Saharan Africa, relative to the high-income countries, showed eight times more blindness. Women are predicted to have a higher prevalence of eye disorders like cataract and AMD, particularly in low- and middle-income countries. The use of goods, including eye health supplements, is also a crucial driver for demand in developed countries including the US, Canada, Australia and UK, which has a significant cost of per capita expenses. In addition, rising demand is driving market for Lutein and Zeaxanthin supplements and extracts for eye treatment and easy access across e-commerce and direct sales channels. In addition, a steady rise on the market is expected to benefit from the rising launch of eye supplements to meet the unmet demand of 1.0 billion people with vision loss worldwide. The sales of eye health supplements in the near future are also projected to grow more. In October 2019, for instance, Bausch + Lomb introduced its PreserVision ARÉDS 2 Recipe minigel eye vitamins eye supplement in the US. The AREDS 2 Formula minigel PreserVision AREDS 2 is an easier-to-swallow alternative to the soft gels for advanced AMD PreserVision AREDS 2.
Furthermore, the presence of a strong delivery and sales chain leads substantially to demand growth for these supplements. In the recent months, the online sales of eye-health supplements have significantly increased to about 48.3%, according to a study released in NutraIngredients, due to the COVID-19 condition.
North America is the largest eye care supplement market, owing to growing demand for eye care supplements as well as increased prevalence of disability in vision and problems among people in the US. Almost 14 million Americans of 12 years and above have some kind of vision disability, according to the Center for Disease Control and Prevention. Europe is the second-largest eye care treatment sector, where the supply of cost-effective medications and prevention methods will continue to expand in the near future. In Europe, about 60 million have diabetes and the incidence of diabetes among people aged 25 years is comparatively high, according to the health organization. The demand is projected to rise rapidly in Asia-Pacific even with a growing prevalence of chronic diseases such as diabetes and obesity. There is a steady growth in the market in the Middle East and Africa because there is growing demand for ophthalmic goods and alternatives for treatment.
Some of the prominent players in the eye health supplements market include Amway, Bausch + Lomb, Novartis International AG, Vitabiotics Ltd., Butterflies Healthcare Ltd, Akorn Consumer Health, SUSS Technology Corp., Pfizer Inc., Herbalife International of America, Inc., Allergan, Plc., and others.
The global eye health supplements market is segmented as below:
Eye Health Supplements Market By Ingredient Type
Lutein and Zeaxanthin
Omega-3 Fatty Acids
Eye Health Supplements Market By Indication
Age-related Macular Degeneration (AMD)
Dry Eye Syndrome
Eye Health Supplements Market By Form
Eye Health Supplements Market By Geography
Middle East & Africa
The market for eye health supplements is expected to reach a market value of around US$ 2,400 Mn by 2027.
Which is the leading segment by form in the eye health supplements market?
The capsule is the leading segment by form in the eye health supplements market.
High myopia can be attributable to increased risk of various progressive eye disorders such as cataract, glaucoma, and age-related macular degeneration.
Amway, Bausch + Lomb, Novartis International AG, Vitabiotics Ltd., Butterflies Healthcare Ltd, Akorn Consumer Health, SUSS Technology Corp., Pfizer Inc., Herbalife International of America, Inc., Allergan, Plc., and others are the prominent players in the market.
North America held the highest market share in the eye health supplements market.
North America is expected to be the fastest growing market over the forecast period.