March 18, 2021
As cited by the research report titled ‘Global Eye Health Supplements Market Size study, by Ingredient Type (Lutein and Zeaxanthin, Antioxidants, Omega-3 Fatty acids, Flavonoids, Coenzyme Q10, Others), by Indication (Age-related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, Inflammation, Others), by Formulation (Tablets, Capsules, Powder, Softgels, Liquid) and Regional Forecasts 2020-2027’, available with Market Study Report, global eye health supplements market was worth USD 1.5 billion in 2019 and is predicted to expand at 6% CAGR over 2020-2027, subsequently reaching a valuation of USD 2.4 billion by the end of the forecast timeframe.
As per the report findings, rising prevalence of ophthalmic diseases as well as other vision-related complications coupled with growing geriatric population who are at an increased risk of acquiring such ailments are augmenting global eye health supplements market size.
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Moreover, strong presence of prominent brands, and increasing investments by private as well as public organizations are adding significant traction to the industry growth. The ability of these supplements to enhance vision and prevent the occurrence of chronic eye diseases will continue to stimulate product demand during the forecast timeframe.
Speaking of the factors restraining global eye health supplements market growth, high costs associated with the supplements are expected to barricade business development throughout the study period.
With regards to ingredient, the business sphere is divided into flavonoids, omega-3 fatty acids, coenzyme Q10, antioxidants, and lutein & zeaxanthin among others.
Based on indication, the industry is split into inflammation, cataract, dry eye syndrome, and age-related macular degeneration (AMD).
Elaborating on regional landscape, North America currently captures a significant portion of global eye health supplements market share and is slated to experience considerable traction through 2027, on account of growing awareness about vision-related medical conditions, high concentration of industry vendors, and rising prevalence of chronic eye diseases in the region.
Meanwhile, Asia-Pacific is anticipated to grow tremendously during 2020-2027, primarily due to increasing occurrences of ophthalmic disorders and growing geriatric population, especially in developing nations like in China and India.
Top players influencing worldwide eye health supplements market trends are Pfizer, Inc., Vitabiotics Ltd., NutraChamps, Nature's Bounty Co., Bausch + Lomb, Amway International, Inc., Nutrivein, Kemin Industries, Inc., ZeaVision, LLC, and EyeScience Labs, LLC.