Eye Health Supplements Market

High Prevalence of Eye Disorders to Boost Eye Health Supplements Market Growth

Several individuals have been showing high preference towards consumption of dietary supplements to maintain their body vitals alongside boosting immunity. This also triggered the awareness regarding supplements for eye health that can be consumed via different methods such as capsules, tablets, and through regular diet. Increasing traction for eye health supplements over the past couple of years owing to rising prevalence of eye health conditions is expected to drive the growth of eye health supplements market. Disorders such as age related macular degeneration, dry eye syndrome, eye inflammation, and cataract have been on the rise. According to IAPB (International Agency for the Prevention of Blindness), AMD (Age related Macular Degeneration) is one of the leading causes of blindness. By end of 2040, number of individuals developing AMD is expected to cross 285 million, thus increasing health and financial burden, particularly among middle and low income population.

Moreover, uncontrolled diabetes can often lead to eye disorders such as diabetic retinopathy. This aspect coupled with increasing geriatric population is expected to fuel consumption of eye health supplements. For instance, according to United Nations, by end of 2050, the number of individuals aged 65 years and above is expected to increase significantly to touch1.5 billion. Also, according to WHO (World Health Organization), in 2021 around 2 billion individuals developed vision impairment on the global front. This factor remains instrumental in driving sales of supplements, consequently aiding the eye health supplements market growth.

Consumption of Lutein- and Zeaxanthin-based Supplements Likely to Increase

Eye health supplements with Lutein, and Zeaxanthin ingredients are the most sought after and their demand is expected to further increase in the coming years. This is mainly owing to rising awareness of these ingredients in treating eye disorders such as macular degeneration, uveitis, cataract, and diabetic retinopathy. Growing recommendations from ophthalmologists for use of these Lutein and Zeaxanthin based supplements due to rising prevalence of eye disorders have complemented eye health supplements market growth. According to National Institutes of Health Office of Dietary Supplements, average intake of Lutein and Zeaxanthin is around 1-3 mg for maintaining eye health. However, 6-20 mg intake is recommended every day. This is likely to result in inclusion of these supplements in regular diets, in turn contributing towards value growth of the eye health supplements market.

North America Likely to Cement Dominance in Eye Health Supplements Market

Growing prevalence of diabetes coupled with increasing geriatric population is resulting in an increase in eye ailments such as cataract and diabetic retinopathy in North America. In addition, growing cases of AMD (Age related Macular Degeneration) in the region has become a subject of concern among individuals. AMD is an eye ailment that occurs mostly due to aging and results in damaged central vision. This has resulted in increasing adoption of eye health supplements in a bid to control the effects of the disorder once occurred or as a measure to prevent it. According to the analysis of Macular Degeneration Research, AMD is the main cause of loss of vision among individuals aged 60 years and above in the United States. Around 11 million individuals in the US develop some form of AMD and this figure is expected to further increase to more than 21 million by end of 2050. The risk of developing age related macular degeneration is likely to increase by 2% in individuals within the age range of 50-59 years and about 30% among those who are aged 75 years and above. This factor remains instrumental in driving the demand for eye health supplements across developed nations in North America.

In addition, rising presence of major players involved in developing eye health supplements in the region owing to its favourable infrastructure and economic growth is expected to influence the market. New product launches to cater to rising demand of patients suffering from eye disorders is likely to give an impetus to the eye health supplements market growth in North America. For instance, in 2021, TJ Nutrition which is involved in developing supplements launched Parasym Plus Eyes. This is a patented and a revolutionary compound that facilitates reduction of inflammation in eyes. In addition, it also improves ocular systemic health concurrently and neurologically. This aspect is poised to contribute towards the volume growth of the eye health supplements market in the region in the coming years.

Eye Health Supplements Market: Competitive Landscape

Development of new formulations and new product launches has been a crucial strategy adopted by key companies. For instance, in 2022, Entod Pharmaceuticals, a pharmaceutical company specializing in ENT, dermatology and ophthalmology launched Macusaff capsule which is a saffron based eye health supplement. Likewise, same year in April, Wellbeing Nutrition introduced Melts Eye Care. This natural eye vitamin is developed by using advanced nanotechnology which facilitates direct delivery of vitamins into the bloodstream making them more active as compared to conventional eye care tablets and capsules. Few of the major players in the eye health supplements market include Bausch & Lomb Incorporated, Amway International, Vitabiotics Ltd., Vestige Pvt. Ltd., ZeaVision LLC, Akorn Consumer Health, Pfizer Inc., EyeScience, Kemin Industries Inc., and Nutrachamps.

Regional Classification of the Global Eye Health Supplements Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Eye Health Supplements Market

• Eye Health Supplements Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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