Overview and Scope
Eye health supplements refer to nutritional products that contain vitamins and other nutrients that are beneficial for maintaining eye health and good vision. It is used to prevent or halt the course of some eye illnesses, such as cataracts, age-related macular degeneration (AMD), glaucoma, and diabetic retinopathy.
Sizing and Forecast
The eye health supplements market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to aging population demographics, prevalence of eye disorders, awareness of nutritional impact on eyes, consumer focus on preventive healthcare, availability of diverse supplement forms.
The eye health supplements market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing screen time and digitalization, growing interest in holistic health, clinical validation of ingredients, government initiatives for eye health, integration of functional ingredients. Major trends in the forecast period include innovations in formulations, digital eye strain concerns, personalized nutrition solutions, combination products and multivitamins.
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Segmentation & Regional Insights
The eye health supplements market covered in this report is segmented –
1) By Ingredient Type: Lutein, Zeaxanthin, Antioxidants, Omega-3 Fatty Acids, Coenzyme Q10, Flavonoids, Astaxanthin, Alpha-Lipoic Acid, Other Ingredients
2) By Form Type: Tablet, Capsule, Drops
3) By Indication Type: Age-Related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, Diabetic Retinopathy, Other Indications
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Top 5 Major Players:
- Bristol-Myers Squibb Company
- Alcon Inc
- Amway Corporation
- Herbalife Nutrition Ltd
- Bausch & Lomb Incorporated
North America was the largest region in the eye health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing incidence of vision impairment is driving the eye health supplement market going forward. Vision impairment refers to vision loss that cannot be restored to regular sight. Vision impairment is caused by illnesses such as high blood pressure, cerebrovascular disease, stroke, atherosclerosis, vitamin A deficiency, and eye infections. Eye health supplements provide nutrients and vitamins to the eye to maintain eye health and good vision. For instance, in July 2022, according to the 2022 Vision Index by Optometrists Association Australia, an Australia-based professional association, the prevalence of myopia was high, with the majority of respondents (81%) having difficulties seeing objects at a distance, and shortsightedness being the most prevalent diagnosis (40% of those who have had their eyesight evaluated by an optometrist). Therefore, the growing incidence of vision impairment is driving the growth of the eye health supplement market.
Key Industry Players
Major companies operating in the eye health supplements market report are Bristol-Myers Squibb Company, Alcon Inc., Amway Corporation, Herbalife Nutrition Ltd., Bausch & Lomb Incorporated, Kemin Industries Inc., The Nature’s Bounty Co., Swanson Health, Alliance Pharma plc, OmniActive Health Technologies, Life Extension, Performance Lab Ltd., ProCaps Laboratories, Nuzena LLC, Vitabiotics Ltd., Nordic Naturals, ZeaVision LLC, Algatechnologies, Zenith Labs, Vita Balance Inc., Biosyntrx Inc., Allied BioNutrition Corporation, Codeage, EyeScience Labs, Healths Harmony USA Supplements LLC, Nutrivein, NutraChamps
The eye health supplements market report table of contents includes:
1. Executive Summary
2. Eye Health Supplements Market Characteristics
3. Eye Health Supplements Market Trends And Strategies
4. Eye Health Supplements Market – Macro Economic Scenario
5. Global Eye Health Supplements Market Size and Growth
….
32. Global Eye Health Supplements Market Competitive Benchmarking
33. Global Eye Health Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Eye Health Supplements Market
35. Eye Health Supplements Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Eye Health Supplements Market, Segmentation By Ingredient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Eye Health Supplements Market, Segmentation By Form Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Eye Health Supplements Market, Segmentation By Indication Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Bristol-Myers Squibb Company Financial Performance
Table 76: Alcon Inc. Financial Performance
Table 77: Amway Corporation Financial Performance
Table 78: Herbalife Nutrition Ltd. Financial Performance
Table 79: Bausch & Lomb Incorporated Financial Performance
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