Press release
AREDS 2 Supplements Market to Reach USD 1.09 Billion by 2030 Amid Rising AMD Cases
AREDS 2 Supplements Market
The global Age-Related Eye Disease Study 2 (AREDS 2) supplements market, valued at USD 741.16 million in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 5.69%, reaching approximately USD 1,092.34 million by 2030. This growth is primarily driven by the increasing prevalence of age-related macular degeneration (AMD) and a growing emphasis on preventive eye health.
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♦ AREDS 2 Supplements Market Overview
AREDS 2 supplements are formulated based on clinical studies conducted by the National Eye Institute (NEI) to assess the efficacy of specific vitamins and minerals in reducing the progression of AMD, a leading cause of vision loss among older adults. The formulation includes vitamin C, vitamin E, zinc, copper, lutein, and zeaxanthin, which have been shown to slow the advancement of AMD in individuals at high risk.
♦ Competitive Landscape
The AREDS 2 supplements market features several key players focusing on product innovation, strategic partnerships, and market expansion. Notable companies include Bausch + Lomb, Alcon Inc., Nature Made (Pharmavite LLC), EyePromise (ZeaVision, LLC), MacuHealth, Viteyes (Vitamin Health, Inc.), Codeage LLC, NATURELO Premium Supplements, LLC, NutraChamps Inc., and VISTA.
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♦ Regional Insights
Vietnam: Opportunities in the AREDS 2 Supplements Market
Vietnam's rapidly aging population and increasing awareness of eye health present significant opportunities for the AREDS 2 supplements market. The rising prevalence of AMD among the elderly is driving demand for preventive healthcare solutions, including dietary supplements tailored to eye health.
Thailand: Trends in AREDS 2 Supplements Adoption
In Thailand, the growing middle class and heightened health consciousness have led to an increased adoption of nutritional supplements. The demand for AREDS 2 supplements is on the rise as consumers become more proactive in managing age-related eye conditions.
Japan: Growth in AREDS 2 Supplements Consumption
Japan's super-aged society faces a high incidence of AMD, prompting a surge in the consumption of AREDS 2 supplements. The market is characterized by a preference for scientifically validated products and formulations that align with traditional dietary habits.
South Korea: Opportunities in the AREDS 2 Supplements Industry
South Korea's advanced healthcare infrastructure and tech-savvy population have facilitated the growth of the AREDS 2 supplements market. Online retail channels are particularly influential, offering consumers easy access to a variety of eye health products.
Singapore: Trends in AREDS 2 Supplements Market
Singapore's aging demographic and high standard of living contribute to a robust market for AREDS 2 supplements. The population's proactive approach to health and wellness supports the steady demand for eye health supplements.
United States: Growth in AREDS 2 Supplements Demand
The United States represents a significant portion of the global AREDS 2 supplements market. The increasing prevalence of AMD among the aging baby boomer population has heightened the demand for these supplements. Notably, in June 2023, Bausch + Lomb launched PreserVision AREDS 2 Formula soft gels with added Coenzyme Q10 (CoQ10) in the U.S., offering a combined solution for eye and heart health.
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China: Opportunities in AREDS 2 Supplements Consumption
China's rapidly aging population and growing awareness of eye health are driving the demand for AREDS 2 supplements. The market is expanding as consumers seek preventive measures to address age-related eye conditions, supported by increasing disposable incomes and healthcare investments.
Europe: Trends in AREDS 2 Supplements Adoption
Europe's aging population and heightened focus on preventive healthcare have led to increased adoption of AREDS 2 supplements. Countries like Germany, France, and the UK are witnessing growing consumer interest in eye health products, driven by both aging demographics and rising screen time across all age groups.
♦ AREDS 2 Supplements Market Segmentation
by Product
Capsules
Tablets
Soft gels
Others
by Distribution Channel
Pharmacies
Online
Others
♦ Recent Developments
In May 2024, EyePromise enhanced its AREDS 2-based product line, rebranding them as Macular Health and Macular Health Complete, reflecting a commitment to innovation in eye health nutrition.
In February 2024, Codeage announced a retail partnership with Erewhon, a renowned leader in health and wellness retail, to expand the availability of its nutritional products to health-conscious consumers.
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♦ Conclusion
The global AREDS 2 supplements market is on a steady growth trajectory, fueled by an aging population, increasing prevalence of AMD, and a growing emphasis on preventive healthcare. Key industry players are actively engaging in product innovation and strategic partnerships to meet the evolving needs of consumers worldwide.
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