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Eye Health Supplements Market Key Players, Market Analysis, Share, Trends And Forecast To 2033
Eye Health Supplements Market
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.
Market Overview -
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.
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Rising Incidence Of Vision Impairment Propels Growth In The Eye Health Supplement Market
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.
Competitive Landscape -
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
Innovative Eyec Supplement For Under-Eye Skin Brightening
Product innovations are a key trend gaining popularity in the eye health supplement market. Major companies in the eye health supplement market are developing advanced products to sustain their position in the market. For instance, in September 2022, Entod Pharma, an India-based pharmaceutical company, launched Eyecirque in collaboration with ENTOD Beauty, a UK-based medical and cosmetic dermatology research lab. The Eyecirque under-eye skin brightening supplement is a distinctive blend of essential antioxidants, vitamins, and minerals proven to be necessary. It also provides the under-eye area with adequate nutrition and nourishment.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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