The Insight Partners Latest Research on “Eye Health Supplements Market Forecast to 2027″ Focuses COVID-19 Impact and Global Analysis by Ingredient Type (Lutein and Zeaxanthin, Antioxidants, Omega-3 Fatty Acids, Coenzyme Q10, Flavonoids, Astaxanthin, Alpha-Lipoic Acid, and Others), Indication (Age-Related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, and Others), Form (Tablet, Capsule, and Drops) and Geography
“Eye Health Supplements 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.
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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.
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.
Based on form, the eye health supplements market is segmented into tablet, capsule, and drops. The capsule segment held the largest share of the market in 2019. Also, the capsule market is estimated to grow at the fastest CAGR during 2020–2027. Capsules are solid dosage forms where therapeutic components are enclosed in a hard or soft soluble gelatin shell. Capsule are absorbed more easily than tablets and are easy to swallow. These advantages of capsules will drive the growth of this segment during the forecast period.
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List of Companies – Eye Health Supplements Market
- Nordic Naturals
- Herbalife Nutrition Ltd.
- The Nature’s Bounty Co.
- Pfizer Inc.
- Alcon Inc.
- Bausch Health Companies Inc.
- Vitabiotics Ltd
- Alliance Pharma PLC
- Allergan plc
Below is the list of the growth strategies done by the players operating in the eye health supplements market:
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
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
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
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