Eye Health Supplements Market: Latest Industry Trends and Huge Impact on Industry 2020-2027 | Nordic Naturals, Pfizer, Vitabiotics Ltd, Alcon, Allergan plc

According to our latest study on "Eye Health Supplements Market Forecast to 2027 - COVID-19 Impact and Analysis by Ingredient Type, Indication, and Form,".

Eye health supplements market is attributed to factors such as rising prevalence of eye diseases and increasing number of geriatric population. However, the high cost of supplements and lack of product availability in emerging countries are restraining the growth of this market. 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 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. However, there is a shortage of ingredients used in supplements due to difficulty in sourcing ingredients and interruptions happening in the global supply chain operations.

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.

The APAC countries are facing challenges due to increasing incidences of COVID-19. As per the data of Worldometer, the total number of COVID-19 cases stood at 5,739,512 in APAC on August 17, 2020. The COVID-19 pandemic has accelerated dependency on digital devices and consumers are becoming aware of the negative effects of prolonged use of these devices such as mobile and laptops. These factors have increased the demand of health supplements and presenting lucrative opportunities for market players to gain new customers.3

Ingredient Type-Based Insights: Based on ingredient type, the eye health supplements market 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.

Indication-Based Insights: Based on indication, the eye health supplements market is segmented into age-related macular degeneration (AMD), cataract, dry eye syndrome, and others. The 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.

Form-Based Insights: 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.

Strategic Insights: Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios.

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This release was published on openPR.