Eye Health Supplements Market Highlights
The global eye health supplements market is expected to exhibit a solid 6.36% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global eye health supplements market is expected to reach a valuation of USD 9.3 billion by 2025.
Eye health supplements are supplements that enhance eye health and help prevent ophthalmological diseases such as glaucoma and cataracts. Eye health supplements can be of various types, including antioxidants and anti-inflammatory products, and help strengthen the eye muscles and other tissues associated with the eyes. This helps ward off eye diseases and keeps the eyes in fit shape even in old age. The growing geriatric population is a major driver for the global eye health supplements market, as geriatrics often suffer from age-related degeneration of the eyes and may face a number of eye diseases. The growing geriatric population has thus been a major driver for the global eye health supplements market, as the geriatric population has emerged as a key consumer demographic for eye health supplements. The high disposable income of geriatrics is also a major driver for the global eye health supplements market over the forecast period.
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The increasing prevalence of lifestyle conditions that may result in eye diseases, such as diabetes and cardiovascular diseases, is also likely to remain a major driver for the global eye health supplements market over the forecast period. Diabetes and cardiovascular diseases often result in damage to the blood vessels. This often affects the eyes, as the blood vessels in the eyes are among the thinnest and weakest blood vessels in the body. Thus, the growing prevalence of diabetes is a major driver for the eye health supplements market, as patients suffering from diabetes are looking to avoid complications of the disease related to the eyes. The rise in the number of manufacturers producing eye health supplements is also a major driver for the global eye health supplements market. The increasing prevalence of chronic eye diseases is also likely to remain the major driver for the global eye health supplements market over the forecast period.
Eye Health Supplements Market Competitive Leaderboard:
Leading players in the global eye health supplements market include Nordic Naturals, EyeScience, Akorn Inc., Amway, Vitabiotics Ltd., Alliance Pharma plc, NUSAPURE, Pfizer Inc., Alcon, and Bausch & Lomb Inc. The number of players in the global eye health supplements market is likely to increase in the coming years, as manufacturing eye health supplements is relatively easy and any player with a basic capability in producing pharmaceuticals or even food and beverages can manufacture the same with ease. Developing biobased eye health supplements that don’t contain synthetic chemicals is also likely to remain a key avenue for players in the eye health supplements market over the forecast period.
Eye Health Supplements Market Segmentation:
The global eye health supplements market is segmented on the basis of indication, product type, supplement type, form, distribution channel, and region.
By indication, the global eye health supplements market is segmented into age-related macular degeneration (AMD), cataracts, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and others.
By product type, the global eye health supplements market is segmented into antioxidants, neuroprotective compounds, anti-inflammatory compounds, and others.
By supplement type, the global eye health supplements market is segmented into vitamins, minerals, fatty acids, and others.
By form, the global eye health supplements market is segmented into tablet/capsule, liquid, gels, gummies, and others.
By distribution channel, the global eye health supplements market is segmented into online pharmacies, hospital pharmacies, and retail pharmacies.
Eye Health Supplements Market Regional Analysis:
The Americas held the largest share in the global eye health supplements market in 2018 and is likely to remain the leading revenue generator in the global market over the forecast period. High awareness about health supplements in the region is likely to be a major driver for the eye health supplements market in the region over the forecast period. Asia Pacific is the fastest growing regional market for eye health supplements.
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