The most recent research report from Market Research Future (MRFR) predicts that the global eye health supplements market size will grow at a strong rate of 6.10% between 2023-2032. It is anticipated that the market for supplements for eye health would be worth USD 2.04 billion by 2032, driven by an increasing awareness of ocular health and a rising aging population. As individuals seek proactive measures to maintain and improve their vision, the demand for eye health supplements has witnessed a notable upswing. The market is characterized by a diverse range of products, including vitamins, minerals, antioxidants, and herbal extracts specifically formulated to support eye health.
Key factors fueling market growth include the prevalence of eye-related disorders such as age-related macular degeneration (AMD), cataracts, and glaucoma. Additionally, the widespread use of digital devices and prolonged screen time has elevated concerns regarding eye strain and fatigue, further propelling the market. The COVID-19 pandemic has also contributed to the surge in demand, with a growing recognition of the importance of overall health, including eye care.
North America and Europe dominate the eye health supplements market, owing to the high prevalence of eye diseases and a well-established healthcare infrastructure. However, the Asia-Pacific region is emerging as a lucrative market, driven by increasing healthcare awareness, a growing middle-class population, and rising disposable income. Key market players are focusing on research and development to introduce innovative formulations, thereby intensifying competition and fostering market expansion. The future of the eye health supplements market looks promising, as consumers continue to prioritize preventive healthcare measures and overall well-being.
Competitive Leaderboard:
The following are some of the most prominent market players are Nordic Naturals, EyeScience, Akorn Inc., Amway, Vitabiotics Ltd., Alliance Pharma plc, NUSAPURE, Pfizer Inc., Alcon, Bausch & Lomb Inc.
The number global eye health supplements market players is likely to increase in the coming years, as manufacturing eye health supplements is relatively easy and any player with a basic capability in producing pharmaceuticals or even food and beverages can manufacture the same with ease. Developing biobased sight care supplement that don’t contain synthetic chemicals is also likely to remain a key avenue for players in the eye health supplements market over the forecast period.
Segmentation:
The global eye health supplements market is segmented on the basis of indication, product type, supplement type, form, distribution channel, and region.
By indication, the global eye health supplements market is segmented into age-related macular degeneration (AMD), cataracts, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and others.
By product type, the global eye health supplements market is segmented into antioxidants, neuroprotective compounds, anti-inflammatory compounds, and others.
By supplement type, the global eye health supplements market is segmented into vitamins, minerals, fatty acids, and others.
By form, the global eye health supplements market is segmented into tablet/capsule, liquid, gels, gummies, and others.
By distribution channel, the global eye health supplements market is segmented into online pharmacies, hospital pharmacies, and retail pharmacies.
Regional Analysis:
The Americas held the largest share in the global eye health supplements market in 2018 and is likely to remain the leading revenue generator in the global market over the forecast period. High awareness about health supplements in the region is likely to be a major driver for the eye health supplements market in the region over the forecast period. Asia Pacific is the fastest growing regional market for eye health supplements.
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