Global Eye Health Supplements Market

Global Eye Health Supplements Market Size, Share, Growth Analysis, By Ingredient Type(Lutein and Zeaxanthin, Antioxidants), By Indication(Age-related Macular Degeneration (AMD), Cataract), By Formulation(Tablets, Capsules) - Industry Forecast 2023-2030


Report ID: SQMIG35I2201 | Region: Global | Published Date: July, 2030 | Pages: 219 | Tables: 99 | Figures: 76

Global Eye Health Supplements Market Insights

Global Eye Health Supplements Market size was valued at USD 1.79 Billion in 2022 and is expected to grow from USD 1.9 Billion in 2023 to reach USD 3 Billion by 2031, at a CAGR of 5.9 % during the forecast period (2024-2031). 

One of the main drivers of the market is the rising incidence of vision impairment and myopic vision, notably during the COVID-19 pandemic, as a result of increased screen use and participation in online conversations while working from home. High myopia is associated with an increased chance of developing progressive eye illnesses such as cataracts, glaucoma, & age-related macular degeneration. The increasing demand for eye health products among elderly people and millennials who are prone to digital eye fatigue & myopia is boosting the market globally.

An increase in the prevalence of multiple eye conditions such as Age-related Macular Degeneration (AMD), dry eye condition, cataracts, and inflammation, as well as ophthalmologists' glowing recommendations for eye health supplements for the prevention and treatment of these disorders, are driving the market.

According to the WHO, around 2.2 billion people worldwide had vision impairment or blindness. Low and middle-income countries, such as South Asia and western & eastern Sub-Saharan Africa, have been reported to have eight times the rate of blindness as high-income countries. Women are likely to have a higher incidence of eye illnesses such as cataracts and AMD, especially in poor and middle-income nations. Consumers in industrialized countries such as the United States, Canada, Australia, and the United Kingdom have high per-capita expenditures, resulting in high spending on healthcare items such as eye health dietary supplements, that contributes to market growth. Furthermore, growing demand for Lutein & Zeaxanthin supplements, in addition to bilberry extract supplements, for eye wellness, as well the easy access to these supplements via direct sales and e-commerce platforms, are driving the market.

Additionally, the rising launch of eye health supplements to meet the unmet demand from the world's 1.0 billion untreated individuals with vision impairment is expected to drive market expansion. This is projected to boost sales of eye health supplements even higher in the near future. For example, Bausch + Lomb debuted its eye health supplement, PreserVision AREDS 2 Formula micro gel eye vitamins, in the United States in 2020. The PreserVision AREDS 2 Formula micro gel is a more convenient alternative of the company's PreserVision AREDS 2 Formula soft gels, which are intended for advanced AMD.

Furthermore, the presence of a robust sales channel and supply network for these supplements considerably adds to market growth. According to a NutraIngredients survey, due to the COVID-19 crisis, internet sales of eye health supplements have surged dramatically to around 48.3% in the last few months.

US Eye Health Supplements Market is poised to grow at sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 1.79 Billion

Largest Segment

tablets

Fastest Growth

tablets

Growth Rate

5.9% CAGR

Global Eye Health Supplements Market ($ Bn)
Country Share for North America Region (%)
Global Eye Health Supplements Market By Formulation ($ Bn)
Global Eye Health Supplements Market By Formulation (%)

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Global Eye Health Supplements Market Segmental Analysis

The global eye health supplements Market is segmented into ingredient type, indication, formulation and region. Based on ingredient type, the market is segmented into lutein and zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, alpha-lipoic acid, astaxanthin, and other supplements. Based on indication, the market is segmented into age-related macular degeneration (AMD), cataract, dry eye syndrome, inflammation, and others. Based on formulation, the market is segmented into tablets, capsules, powder, softgels, liquid. Based on region, the global Eye Health Supplements Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Eye Health Supplements Market Analysis by Formulation

The tablets sector dominated the eye medicinal product market, accounting for 40.6% of total sales in 2022. Due to its wide availability in different forms including chewable tablets, sustained-release tablets, & sublingual and buccal tablets, eye health vitamins are becoming more popular in tablet format. Furthermore, factors such as tablets' lower cost compared to other supplement forms & their widespread acceptance among patients of all ages are propelling the market. Another element boosting demand for tablet formulations is the longer shelf life of tablets compared to powder and liquid forms.

However, the softgels segment is predicted to increase at a rapid pace throughout the projection period. Soft gels are a convenient way to take liquid or oil-based nutrients. According to researchers, vitamins delivered in their natural form are more beneficial than modified counterparts. Furthermore, nutrients such as fish oil and krill oil are typically contained in softgels to prevent unwanted effects that may alter the flavor and aroma of the oils. Furthermore, top brands such as Nature's The bounty, VisionShield, GNC, Viteyes, and NOW are driving the industry with economically priced softgel eye health supplements.

Eye Health Supplements Market Analysis by Formulation

According to the data, Age-related Macular Degeneration (AMD) covered the highest revenue share of 31.6%. Globally, an increase in the incidence of AMD is contributing to dividing growth. According to the International Agency for the Avoidance of Blindness (IAPB), AMD is the third most important cause of blindness worldwide, and it is also the main cause of blindness in higher-income nations with ageing populations. Furthermore, according to the BrightFocus Foundation, roughly 11 million Americans have some type of AMD, which is expected to quadruple to around 22.0 million by the end of 2050.

The dry eye syndrome segment, on the other hand, is expected to grow at a significant rate of 6.6% over the forecast period, owing to a growing recommendation to increase the intake of nutritional supplements by around 46.0% of optometrist in Asian countries to their dry eye patients, which is one of the key factors driving demand for eye health drugs to treat dry eye conditions, thereby aiding segment growth.

Global Eye Health Supplements Market By Formulation , 2022 (%)

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Global Eye Health Supplements Market Regional Insights

North America held the biggest market revenue share of 35.6% in 2022. The rising prevalence of chronic eye diseases, particularly AMD, diabetic retinopathy, glaucoma, and dehydrated eye syndrome, as well as increased awareness and availability of commercialized eye health supplements, are a few of the key factors contributing to North America's largest revenue share. Furthermore, a surge in new products for eye care supplements in the region is a major factor driving market expansion in North America.

Asia Pacific is expected to rise at a rapid pace all over the forecast period. Factors driving the market in the region include the presence of a significant number of local market participants offering innovative and cheap eye health supplements, as well as rising outsourcing hubs for eye health supplements such as China, India, and the Philippines. Furthermore, increased eye health consciousness is favorably boosting regional market growth. Furthermore, the rising prevalence of eye-related illnesses in Asian countries is likely to be a major market driver. According to an International Finance Corporation research, China is seeing a 6.0% growth in blindness cases per year, with the country housing roughly one-fifth of the world's blind population.

Global Eye Health Supplements Market By Region, 2024-2031
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Global Eye Health Supplements Market Dynamics

Eye Health Supplements Market Drivers

Increasing Prevalence of Eye-related Disorders

  • The rising prevalence of eye-related disorders, such as age-related macular degeneration (AMD), cataracts, and dry eye syndrome, is driving the demand for eye health supplements. As the aging population increases globally, the incidence of these disorders is expected to rise, creating a growing market for supplements that support eye health.

Eye Health Supplements Market Restraints

Lack of Scientific Evidence

  • While there is anecdotal evidence and some preliminary studies supporting the benefits of eye health supplements, the overall scientific evidence regarding their efficacy and long-term effects is limited. The lack of robust clinical studies and standardized research methodologies can be a restraint, as it may hinder consumer confidence and acceptance.

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Global Eye Health Supplements Market Competitive Landscape

To preserve their market position, key corporations are pursuing various business strategies such as mergers, collaborations, & new product releases. For example, in 2021 the Japanese business Nippon Flour Mills announced the release of eye and brain flavonoid supplements containing lutein, Ginkgo Biloba, terpene lactone, & zeaxanthin.

Eye Health Supplements Market Top Player’s Company Profiles

  • Alcon Inc.
  • The Nature's Bounty Co.
  • Pfizer Inc.
  • Amway Corporation
  • ZeaVision Holdings, Inc.
  • Valeant Pharmaceuticals International, Inc.
  • Swanson Health Products, Inc.
  • GNC Holdings Inc.
  • Nature's Way Products, LLC
  • EyePromise
  • The Himalaya Drug Company
  • Nutraceutical Corporation
  • Vitafusion
  • EyeScience Labs, LLC
  • NOW Foods
  • Ocuvite (Abbott Laboratories)
  • Carlson Labs

Eye Health Supplements Market Recent Developments

  • In April 2022, Wellbeing Nutrition introduced "Melts Eye Care," the globe's first natural eye vitamin. Melts, their internationally recognized brand, uses sophisticated nanotechnology to deliver vitamins straight into the bloodstream, making them more accessible and bioactive than conventional capsules and tablets.
  • In January 2022, Entod Pharmaceuticals, a research-based pharmaceuticals firm with about four decades of eye disease, ENT, and dermatology medicine knowledge, debuted the Macusaff pill, a saffron-based eye care supplement, in India.

Global Eye Health Supplements Key Market Trends

  • Increasing Consumer Awareness and Proactive Approach to Eye Health: There is a growing awareness among consumers about the importance of maintaining good eye health and preventing age-related eye conditions. Consumers are taking a proactive approach to eye health and seeking out eye health supplements as a part of their overall wellness regimen.
  • Rising Demand for Natural and Organic Ingredients: Consumers are increasingly opting for eye health supplements that are made from natural and organic ingredients. They are looking for products that are free from synthetic additives, preservatives, and artificial colors. This trend is driving manufacturers to develop supplements with clean and transparent ingredient profiles.
  • Focus on Specific Eye Conditions: Eye health supplements are being formulated to target specific eye conditions such as age-related macular degeneration (AMD), cataracts, dry eye syndrome, and glaucoma. Manufacturers are developing specialized formulations that address the unique nutritional needs associated with these conditions, catering to the specific demands of consumers.
  • Growing Preference for Combination Supplements: Combination eye health supplements that contain a blend of vitamins, minerals, antioxidants, and other nutrients are gaining popularity. These supplements offer comprehensive support for overall eye health and are convenient for consumers who prefer a single product that covers multiple nutritional needs.

Global Eye Health Supplements Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global eye health supplements market analysis, the increasing demand for eye health products among elderly people and millennials who are prone to digital eye fatigue & myopia is boosting the market globally. An increase in the prevalence of multiple eye conditions such as Age-related Macular Degeneration (AMD), dry eye condition, cataracts, and inflammation, as well as ophthalmologists' glowing recommendations for eye health supplements for the prevention and treatment of these disorders, are driving the market.

Report Metric Details
Market size value in 2022 USD 1.79 Billion
Market size value in 2031 USD 3 Billion
Growth Rate 5.9%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Ingredient Type
    • Lutein and Zeaxanthin, Antioxidants, Omega-3 Fatty acids, Coenzyme Q10, Flavonoids, Alpha-Lipoic Acid, Astaxanthin, and Other Supplements
  • Indication
    • Age-related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, Inflammation, and Others
  • Formulation
    • Tablets, Capsules, Powder, Softgels, Liquid
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Alcon Inc.
  • The Nature's Bounty Co.
  • Pfizer Inc.
  • Amway Corporation
  • ZeaVision Holdings, Inc.
  • Valeant Pharmaceuticals International, Inc.
  • Swanson Health Products, Inc.
  • GNC Holdings Inc.
  • Nature's Way Products, LLC
  • EyePromise
  • The Himalaya Drug Company
  • Nutraceutical Corporation
  • Vitafusion
  • EyeScience Labs, LLC
  • NOW Foods
  • Ocuvite (Abbott Laboratories)
  • Carlson Labs
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Eye Health Supplements Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Eye Health Supplements Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Eye Health Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Eye Health Supplements Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Eye Health Supplements Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Eye Health Supplements Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Eye Health Supplements Market size was valued at USD 1.79 Billion in 2022 and is expected to grow from USD 1.9 Billion in 2023 to reach USD 3 Billion by 2031, at a CAGR of 5.9 % during the forecast period (2024-2031). 

To preserve their market position, key corporations are pursuing various business strategies such as mergers, collaborations, & new product releases. For example, in 2021 the Japanese business Nippon Flour Mills announced the release of eye and brain flavonoid supplements containing lutein, Ginkgo Biloba, terpene lactone, & zeaxanthin. 'Bausch Health Companies Inc.', 'Vitabiotics Ltd.', 'Novartis International AG', 'Alcon Inc.', 'The Nature's Bounty Co.', 'Pfizer Inc.', 'Amway Corporation', 'ZeaVision Holdings, Inc.', 'Valeant Pharmaceuticals International, Inc.', 'Swanson Health Products, Inc.', 'GNC Holdings Inc.', 'Nature's Way Products, LLC', 'EyePromise', 'The Himalaya Drug Company', 'Nutraceutical Corporation', 'Vitafusion', 'EyeScience Labs, LLC', 'NOW Foods', 'Ocuvite (Abbott Laboratories)', 'Carlson Labs'

The rising prevalence of eye-related disorders, such as age-related macular degeneration (AMD), cataracts, and dry eye syndrome, is driving the demand for eye health supplements. As the aging population increases globally, the incidence of these disorders is expected to rise, creating a growing market for supplements that support eye health.

Increasing Consumer Awareness and Proactive Approach to Eye Health: There is a growing awareness among consumers about the importance of maintaining good eye health and preventing age-related eye conditions. Consumers are taking a proactive approach to eye health and seeking out eye health supplements as a part of their overall wellness regimen.

North America held the biggest market revenue share of 35.6% in 2022. The rising prevalence of chronic eye diseases, particularly AMD, diabetic retinopathy, glaucoma, and dehydrated eye syndrome, as well as increased awareness and availability of commercialized eye health supplements, are a few of the key factors contributing to North America's largest revenue share. Furthermore, a surge in new products for eye care supplements in the region is a major factor driving market expansion in North America.

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Global Eye Health Supplements Market

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