Eye Health Supplements Market to Garner $2,382.96 Million by 2027 | 5.5% CAGR - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners
According to our latest study on “Eye Health Supplements Market Forecast to 2027 – COVID-19 Impact and Analysis – by Ingredient Type, Indication, and Form,” the market was valued at US$ 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 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, there is a shortage of supplement ingredients such as lutein and zeaxanthin due to difficulty in sourcing ingredients and interruptions happening in the global supply chain operations.
Based on indication, the global eye health supplements market is segmented into age-related macular degeneration (AMD), cataract, dry eye syndrome, and others. The age-related macular degeneration (AMD) segment held the largest share of the market in 2019. However, the dry eye syndrome segment is anticipated to register the highest CAGR during the forecast period.
AMD is a leading cause of irreversible blindness and visual impairment. As per the BrightFocus (a non-profit organization), ~11 million people in the US have some form of AMD. This number is expected to rise to 22 million by 2050.
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.
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The report segments global eye health supplements market as follows:
· Antioxidants
· Omega-3 Fatty Acids
· Coenzyme Q10
· Flavonoids
· Astaxanthin
· Alpha-Lipoic Acid
· Others
By Indication
· Age-Related Macular Degeneration (AMD)
· Cataract
· Dry Eye Syndrome
· Others
By Form
· Tablet
· Capsule
· Drops
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