Eye Health Ingredients Market Analysis | Recent Market Developments | Industry Forecast to 2024

Global Market Insights, Inc. has recently added a report on Eye Health Ingredients Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Eye Health Ingredients Market, of late, has been gaining renewed traction, with the increasing consumer awareness toward vision sustenance, subject to the growing number of age-related eye diseases. The rising prevalence of diseases such as diabetic retinopathy, AMD (Age-related Macular Degeneration), cataracts, and glaucoma has also been fueling the growth of this industry. As per estimates, AMD disorders have ultimately resulted in eye cancer in more than 50% of the cases in the United States.

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Key Profiles:
• Allied Biotech
• FMC Corporation
• DSM
• BASF
• MacuShield
• Alcon
• Amway
• Bausch & Lomb
• Efamol
• Solgar
• Swanson

Worldwide, there has been an increasing spending in AMD treatment, which is likely to widen the horizon of eye health ingredients industry in the years ahead. Concurrently, supportive regulations promoting nutritional dietary supplements along with a diversified product portfolio has further favored the market expansion.

Rising diseases including age-related macular degeneration (AMD), diabetic retinopathy, glaucoma and cataracts will propel product demand. Protection from UV radiation, elimination of free radicals and enhancing strong vision are other key features stimulating the industry growth.

Zeaxanthin and Lutein are the broadly used eye care ingredients, high efficiency and effectiveness in lower dosages causes low zeaxanthin consumption compared to lutein. Lutein will witness CAGR exceeding 6.5% up to 2024. Rising demand for infant supplementary to overcome vision deficiency among children are the main factors driving lutein demand.

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Bilberry extracts will be worth over USD 25 million by 2024. Potential application outlook in healthcare industry to treat vision disorders will enhance the product penetration. Retinal health enhancement and blood sugar level maintenance are the key substantial benefits.

Demand for animal eye health ingredients market will witness over 7% growth up to 2024. Preventive care among owners of pet and commercial animal will remain a key driving factor for the segment.

High surgery costs are the factors influencing consumers toward OTC supplements to avoid substantial costs on clinical treatments. Development and innovation in terms of product personalization and customization will be a key strategy for the nutraceutical industry.

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U.S. eye health ingredients market could witness over 5% growth through to 2024. Growing consumer health consciousness coupled with increasing product launches will drive the regional demand. Low vision and blindness is observed in over 3.2 million people in the North America in 2015, which is estimated to surpass 6 million by 2024.

Europe, led by Germany and UK will witness growth over 5.5%. High geriatric population along with increasing consumer spending on healthcare will propel the regional industry growth.

Global industry share is fragmented with large number of manufacturers including Allied Biotech, FMC Corporation, DSM and BASF. MacuShield, Alcon, Amway, Bausch & Lomb, Efamol, Solgar and Swanson are the major customers. Technological advancement and product innovations have led manufacturers to launch gummies for vision enhancement.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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