Eye Health Supplements Market Share, Trends, Size 2027

Posted by mahesh on October 21st, 2022

According to our latest study on “Eye Health Supplements Market Forecast to 2027 – COVID-19 Impact and Analysis – by Ingredient Type, Indication, and Form,” the market was valued at US$ 1,572.33 million in 2019 and is projected to reach US$ 2,382.96 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027. The report highlights trends prevailing in the global eye health supplements market, and the drivers and restraints pertaining to the market growth.

Market leaders operating in the market have undertaken various organic growth strategies in the eye health supplements Market. The eye health supplements market majorly consists of the players Nordic Naturals, Herbalife Nutrition Ltd., The Nature's Bounty Co., AMWAY, Pfizer Inc., Alcon Inc., Bausch Health Companies Inc., Vitabiotics Ltd., Alliance Pharma PLC., and Allergan plc. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations

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Eye supplements are nutritional products that help maintain eye health and good vision. The eye health supplements prominently comprise vitamin A, lutein and zeaxanthin, omega-3 fatty acids, gamma-linolenic acid, and others. These nutritional supplements help sustain eye function, reduce the development of age-related eye diseases, and protect eyes from harmful radiations. Eye health supplements can be useful to treat eye diseases such as dry eye, age-related macular degeneration, glaucoma, diabetic retinopathy, and cataracts. The increasing prevalence of eye diseases, coupled with rising number of geriatric population, is likely to drive the growth of the eye health supplement market during the forecast period. 

Based on indication, the global eye health supplements market is segmented into age-related macular degeneration (AMD), cataract, dry eye syndrome, and others. The age-related macular degeneration (AMD) segment held the largest share of the market in 2019. However, the dry eye syndrome segment is anticipated to register the highest CAGR during the forecast period. 

AMD is a leading cause of irreversible blindness and visual impairment. As per the BrightFocus (a non-profit organization), ~11 million people in the US have some form of AMD. This number is expected to rise to 22 million by 2050.

The report segments the global Eye Health Supplements Market as follows:

 By Ingredient Type

Lutein and ZeaxanthinAntioxidantsOmega-3 Fatty AcidsCoenzyme Q10FlavonoidsAstaxanthinAlpha-Lipoic AcidOthers

 By Indication

Age-Related Macular Degeneration (AMD)CataractDry Eye SyndromeOthers 

By Form

TabletCapsuleDrops

By Geography

North AmericaUSCanadaMexicoEuropeFranceGermanyUKSpainItalyRest of EuropeAsia Pacific (APAC)ChinaIndiaJapanAustraliaSouth KoreaRest of APACMiddle East and Africa (MEA)Saudi ArabiaUAESouth AfricaRest of MEASouth and Central America (SCAM)BrazilArgentinaRest of SCAM

Latest Industry News 

In Oct-2019         

Bausch + Lomb launched PreserVision AREDS 2 Formula minigel eye vitamins in the US. The new minigels replaced the currently offered PreserVision AREDS 2 Formula soft gels, offering patients an easier-to-swallow option. It contains the exact nutrient formula recommended by the National Eye Institute (NEI) for people with moderate to advanced Age-related Macular Degeneration (AMD) following the landmark AREDS2 clinical study.

 In Jul-2019          

The company launched Ocuvite Eye Performance vitamins in the US. These nutritional supplements are designed to meet the changing needs of consumers while further expanding the company's eye vitamin portfolio.

 In Jun-2018         

Bausch + Lomb, is a leading eye health company and introduced Ocuvite Blue Light eye vitamins, a nutritional supplement formulated with lutein and zeaxanthin. This formulation of eye nutrients includes high levels of lutein and helps protect eyes from the blue light that reaches the macula, which is responsible for our central vision.

Read More - https://www.theinsightpartners.com/reports/eye-health-supplements-market 

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mahesh
Joined: September 20th, 2022
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