Eye Health Ingredients Market Insights, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2018 to 2023

Market Overview:
Eye health ingredients are a source of healthy vision, which is of great concern among the growing population. Antioxidants such as luthein, zeaxanthin, beta-carotene, astaxanthin, and others are some of the common and major eye health ingredients, which are used for healthy vision. They protect eye from UV radiation, elimination of free radicals, and enhancing strong vision. Increasing cases eye health problems such as cataract, glaucoma, diabetic retinopathy, Age-Related Macular Degeneration (AMD) have led to a growth in the application of eye health ingredients in various industries such as pharmaceuticals, supplements, beverages, oils and fats, bakery and confectionery, dairy and frozen desserts, and others

North America is the leading eye health ingredients market and it is expected to grow substantially over the forecast period 2017-2023. Increasing eye health diseases and low vision problems in North America is driving the eye health ingredients market in this region. Moreover, hectic and busy lifestyle followed by increasing exposure to digital display in the U.S. is boosting the growth of eye health ingredients market.

Increasing health conscious population and their inclination towards consumption of dietary supplements is further boosting the market growth of eye health ingredients. However, improper consumption of eye health ingredients may cause an adverse allergic effect, which may hamper the market growth of eye health ingredients market. Nevertheless, all these factors are likely to lead to the growth of the North American market at a CAGR of 6.9% during the forecast period 2017-2023.

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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Eye health ingredients players. It further includes product portfolios, developments of leading players, which includes

BASF SE (Germany)
FMC Corporation. (U.S.)
AIDP Inc. (U.S.)
BI Nutraceuticals (U.S.)
BLUE CALIFORNIA (U.S.)
Allied Biotech Corporation (Taiwan) and
DSM (The Netherlands)

Key Findings:
Demand for lutein is increasing in infant supplements to overcome vision deficiency among children
Consumers are inclined towards OTC (over the counter) supplements for vision health rather than surgical or clinical treatment

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Market Segments:
On the basis of type, eye health ingredients are segmented into luthein, zeaxanthin, beta-carotene, astaxanthin, and others.  Among all, luthein is dominating the market followed by zeaxanthin and beta-carotene. Lutein is high in efficiency and effectiveness in low dosages, which is driving the growth of this segment compared to others. However, beta- carotene is projected to witness a steady growth over the forecast period.

Based on the application, eye health ingredients are segmented into pharmaceuticals, supplements, beverages, oils and fats, bakery and confectionery, dairy and frozen desserts, and others. Among all, the supplements segment is dominating the market followed by pharmaceutical industry. However, high inclination towards consumption of functional foods is expected to grow the application of eye health ingredients in dairy as well as bakery segment.

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