Exploring the Eye Health Supplements Market: Value, Share, Size, Growth, Innovations, and Projections for Improved Vision Care from 2024 to 2031 | Alliance Pharma PLC, Allied Biotech Corporation, BASF SE

Market Overview:

Eye health supplements include vitamins, herbs, and other nutrients that are marketed to support eye health, protect vision, and fight age-related macular degeneration. They are available in capsule, softgel, gel, and powder forms.

Market Dynamics:

Increasing prevalence of eye diseases such as age-related macular degeneration, glaucoma, diabetic retinopathy and short-sightedness is expected to drive the market growth during the forecast period. According to an article published by BrightFocus Foundation, the prevalence of age-related macular degeneration is estimated to rise to 196 million by 2050 from 64 million in 2020. Further, growing focus on preventive healthcare and rising health consciousness among consumers is also projected to aid in market expansion from 2024-2031. Additionally, frequent launch of new and innovative products is fueling the market growth. For instance, in June 2021, Thorne launched Ocushield, an eye health supplement containing key carotenoids such as lutein and zeaxanthin.

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Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Eye Health Supplements companies, key tactics followed by Leading Key Players:

◘ Pfizer Inc
◘ Bausch Health Companies Inc
◘ Alcon
◘ Alliance Pharma PLC
◘ Allied Biotech Corporation
◘ BASF SE
◘ Amway India Enterprises Pvt. Ltd
◘ Butterflies Healthcare Ltd
◘ Herbalife International Inc
◘ Nordic Naturals
◘ Vitabiotics Ltd
◘ Akorn Operating Company LLC

Growing prevalence of eye diseases increasing demand for eye health supplements

The increasing prevalence of various eye diseases across the globe is one of the major drivers propelling the growth of the eye health supplements market. Age-related macular degeneration (AMD), diabetic retinopathy, cataracts and glaucoma are among the most common eye diseases affecting people worldwide. As per credible estimates, over 1.3 billion people are projected to be affected by myopia (nearsightedness) by 2050. Moreover, the global burden of cataract blindness is expected to increase from 20 million cases in 2010 to over 30 million by 2020. This rising incidence of various vision impairing conditions is fueling the adoption of eye health supplements as their consumption helps protect vision health and reduces the risk of developing eye diseases.

Increasing awareness about benefits of eye nutrition boosting sales of supplements

Growing awareness among consumers about benefits of maintaining proper eye nutrition and role of specific vitamins, minerals and nutrients in supporting eye health is another key driver for the eye health supplements market. Supplements containing lutein, zeaxanthin, omega-3 fatty acids, vitamin C, vitamin E, zinc and antioxidants are gaining popularity as they help protect eyes from damages caused by blue light, reduce risk of age-related macular degeneration and cataracts. Additionally, supplements aid in moisturizing eyes and protecting them from dryness. Leveraging this growing consumer knowledge about relation between nutrition and eye health, supplement manufacturers are introducing innovative products in the market with compelling promotional campaigns. Their efforts are helping increase the adoption of eye health supplements for vision protection.

Changing lifestyles & work habits increasing screen time exerting pressure on eyes

Rapid digitalization and changing lifestyles have drastically increased daily screen time for most people. Be it smartphones, laptops, computers or tablets, extensive work from and recreational use of digital devices is putting considerable strain on eyes. Prolonged exposure to blue light emitted from screens is a major cause for concern as it can lead to digital eye strain, headaches and even accelerate the development of macular degeneration over the long-term. With growing remote working culture amid pandemic, average daily screen hours have surged even more. This significant change in work habits andscreen usage patterns is boosting the demand for eye health supplements to minimize eyestrain and its ill-effects on vision health from blue light exposure.

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Stringent regulations hindering innovation in supplements industry

While demand for eye health supplements is booming, stringent regulations governing the dietary supplements industry pose a key restraint. Regulatory authorities like the Food and Drug Administration (FDA) in the US have implemented strict guidelines around new ingredients, labeling claims, manufacturing practices and production of supplements. This makes the process of launching innovative products with unique formulations quite lengthy and expensive for companies. Besides, any changes to existing products also need thorough clinical validation and clearance from regulators which delays their time-to-market considerably. Such rigorous regulatory compliance increases the business and financial risks for supplement brands. It inhibits them from quickly capitalizing on emerging opportunities or responding rapidly to changes in consumer needs through new product launches. This regulatory bottleneck acts as a growth barrier for the overall eye health supplements industry.

Growing geriatric population expanding consumer base

Rising global life expectancy is increasing the geriatric population base significantly-presenting a major growth opportunity for players in the eye health supplements market. People aged 65 years and above are at high risk of vision loss due to increased chances of developing age-related eye conditions like glaucoma, cataracts, diabetic retinopathy and AMD. Moreover, they also have compromised nutritional needs. The global population aged 65 years or over is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050 according to United Nations forecasts. The fast-expanding aging demography worldwide will drive up demand for vision support supplements as a preventive healthcare measure to protect against age-related eye diseases. Supplement brands can capitalize on this opportunity by developing specialized product formulations targeting the specific needs of the geriatric population.

Segment Details Analysis

By Ingredients Type:

Lutein And Zexanthin
Omega- 3 Fatty Acids
Vitamin A
Beta Carotene
Bilberry Extracts
Others

By Indication Type:

Age-related Macular Degeneration (AMD)
Cataract
Dry Eye Syndrome
Glaucoma
Others

By Dosage Type:

Tablets
Capsules
Soft Gels
Others

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

The Study Objectives are:

A comprehensive insight into key players operating in the Eye Health Supplements Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2024

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Eye Health Supplements market
Chapter 2: Exclusive Summary - the basic information of the Eye Health Supplements Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Eye Health Supplements
Chapter 4: Presenting the Eye Health Supplements Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2024 - 2031
Chapter 6: Evaluating the leading manufacturers of the Eye Health Supplements market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2024-2031)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Eye Health Supplements Market during the forecast period?
How is the growing demand impacting the growth of Eye Health Supplements Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Eye Health Supplements Market?

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