According to the latest report by IMARC Group “Eye Health Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global eye health supplements market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during the forecast period (2021-2026).
Eye health supplements assist in preserving the vision and maintaining overall eye health. They also minimize the risk of cataracts, age-related macular degeneration (AMD) and other visiondisorders, which may lead to partial or complete blindness. They comprise nutrients like essential fatty acids that are beneficial for proper visual and retinal function. As a result, their demand is escalating across the globe.
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Significant hours spent on computers, tablets, and smartphones are increasing the risk of developing computer vision syndrome (CVS) and myopia. This, along with the growing geriatric population, is positively influencing the sales of eye health supplements worldwide. Apart from this, the increasing awareness among individuals about the alternatives available for preventing different eye conditions is also fueling the growth of the market. Furthermore, governing agencies of various countries are investing in clinical studies to improve the understanding of nutrients on eye health. This is anticipated to offer lucrative opportunities to market players.
Breakup by Ingredient Type:
- Lutein and Zeaxanthin
- Omega-3 Fatty Acids
- Coenzyme Q10
- Alpha-Lipoic Acid
Breakup by Indication:
- Age-related Macular Degeneration (AMD)
- Dry Eye Syndrome
Breakup by Formulation:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- The Middle East and Africa
Competitive Landscape with Key Player:
- ALLIANCE PHARMA PLC ORD 1P (APH.L)
- AMWAY (6351.KL)
- Bausch & Lomb Incorporated
- Eyescience Labs
- Kemin Resources Plc (KEMK)
- Novartis AG (NVS). NYSE
- Pfizer Inc.
- The Nature’s Bounty Co. (NYSE : NBTY)
- Vitabiotics Ltd.
- ZeaVision LLC.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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