Eye Health Supplements Market to reach US$ 2,382.96 Mn in 2027 at a CAGR of 5.5%

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. The eye health supplements market growth is mainly attributed to increasing prevalence of eye diseases and rising geriatric population. Moreover, increasing industrial developments are further expected to foster market growth during the forecast period. However, the high cost of eye health supplements and lack of product availability are restricting the market growth.

The global eye health supplements market, by ingredient type, is segmented into lutein and zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, astaxanthin, alpha-lipoic acid, and others. The lutein and zeaxanthin segment held the largest share of the market in 2019. This growth is ascribed to the increasing applications of lutein and zeaxanthin to reduce the risk of age-related macular degeneration and other eye disorders. However, the flavonoids segment is estimated to register the highest CAGR during the forecast period. This growth is attributed to increasing demand of antioxidants in eye health supplements.

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The growth of the eye health supplements market is attributed to factors such as rising prevalence of eye diseases and increasing number of geriatric population. However, the high cost of supplements and lack of product availability in emerging countries are restraining the growth of this market. 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 are among the leading companies operating in the global eye health supplements market.

The COVID-19 pandemic has increased the global demand for various supplements. Despite the growing demand for health supplements such as eye health, vitamin, and mineral products. However, there is a shortage of ingredients used in supplements due to difficulty in sourcing ingredients and interruptions happening in the global supply chain operations.

The APAC countries are facing challenges due to increasing incidences of COVID-19. As per the data of Worldometer, the total number of COVID-19 cases stood at 5,739,512 in APAC on August 17, 2020. The COVID-19 pandemic has accelerated dependency on digital devices and consumers are becoming aware of the negative effects of prolonged use of these devices such as mobile and laptops. These factors have increased the demand of health supplements and presenting lucrative opportunities for market players to gain new customers.3

According to a study published by the American Academy of Ophthalmology in 2019, ~7.32 million people in the US are projected to suffer from primary open-angle glaucoma by 2050. According to a study conducted by the Centers for Disease Control and Prevention (CDC) in 2019, nearly 20.5 million people in the US were suffering from cataract. Also, according to the estimates by the CDC, the number of cataract patients in the US will rise to 30 million by 2028. Furthermore, according to data published by NHS in 2020, about 360,000 million people in the UK are registered as partially sighted or blind. Such a high prevalence of eye conditions is anticipated to increase the demand and adoption of eye health supplements and this scenario will drive the growth of the market.
 

Eye Health Supplements Market – by Ingredient Type

• Lutein and Zeaxanthin
• Antioxidants
• Omega-3 Fatty Acids
• Coenzyme Q10
• Flavonoids
• Astaxanthin
• Alpha-Lipoic Acid
• Others

Eye Health Supplements Market – by Indication

• Age-related Macular Degeneration (AMD)
• Cataract
• Dry Eye Syndrome
• Others

Eye Health Supplements Market – by Form

• Tablet
• Capsule
• Drops

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