The global eye care supplement market is poised for significant expansion, with FMI, a leading authority in market analysis, forecasting a valuation of US$ 2,457.5 million by 2024. This surge is primarily attributed to the burgeoning demand for eye care supplements driven by consumer convenience. Furthermore, the market is expected to witness sustained growth, with a projected compound annual growth rate (CAGR) of 6.5% from 2024 to 2034, reaching an estimated valuation of approximately US$ 4,613.0 million by 2034.
One of the key drivers propelling the growth of the eye care supplement market is the remarkable advancements in supplement delivery systems. Technologies such as nanoemulsions and encapsulation have revolutionized the industry by enhancing the bioavailability of essential nutrients. These innovations ultimately translate into improved effectiveness of eye care supplements, thus bolstering consumer confidence and fueling market expansion.
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Consumers are increasingly looking for preventive health measures rather than just treatment options. Eye care supplements positioned as preventive measures against age related eye conditions are expected to see heightened demand.
Ongoing research into novel ingredients with potential benefits for eye health can lead to the development of innovative supplements. Ingredients such as lutein, zeaxanthin, omega 3 fatty acids, and astaxanthin continue to be areas of interest.
The incorporation of eye health promoting ingredients into functional foods and beverages, in addition to traditional supplement forms, is gaining popularity. Educational initiatives about the importance of eye health and the role of supplements through advertising, social media, and other channels can influence consumer behavior and drive market growth.
There is a growing potential for the eye care supplement market to expand in regions where eye health may not have been a primary focus previously, as healthcare awareness increases in emerging markets.
Key Takeaways from the Market Study:
- Global eye care supplement market was valued at US$ 2,301.8 million by 2023-end.
- From 2019 to 2023, the market demand expanded at a CAGR of 6.0%.
- The market in the United States is expected to expand at a CAGR of 7.0% through 2034.
- By dosage form, the tablet segment to account for a share of 21.5% in 2024.
- From 2024 to 2034, eye care supplement market is expected to flourish at a CAGR of 6.5%.
- By 2034, the market value of eye care supplement is expected to reach US$ 4,613.0 million.
Technology integration, such as mobile apps for tracking eye health and supplement adherence, can create new avenues for consumer engagement and product differentiation, opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).Top of Form
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Key Companies Profiled:
- Novartis AG
- Bausch & Lomb Incorporated
- Amway Corp.
- Vitabiotics Ltd.
- Alliance Pharma
- The Nature’s Bounty Co
- ZeaVision, LLC.
- Akorn Consumer Health
- Eyescience Labs
- Kemin Industries Inc.
- NutraChamps
- Nutrivein
- Biosyntrx Inc
- Nordic Naturals Inc.
- Bristol-Myers Squibb Company
- Healths Harmony LLC
- NUSAPURE
- Vitabiotics Ltd.
- EyeScience
- Butterflies Healthcare Ltd.
- Allergan plc
- Herbalife Nutrition Ltd.
Recent Developments:
- In 2023, Bausch + Lomb Corporation announced the release of PreserVision® AREDS 2 Formula soft gels with added coenzyme Q10. Designed as a convenient two in one solution, PreserVision AREDS 2 Formula eye vitamins, combined with CoQ10, stand as the sole eye vitamin integrating the precise nutrient formula endorsed by the National Eye Institute. The combination aims to reduce the risk of moderate to advanced progression of Age related Macular Degeneration while also supporting heart health.
- In 2022, Wellbeing Nutrition, a prominent research based wholefood nutrition company in India, unveiled Melts Eye Care, which is an all natural eye vitamin.
Segmentation Analysis of the Eye Care Supplement Market:
By Ingredients:
- Lutein and Zeaxanthin
- Antioxidants
- Omega 3 Fatty Acids
- Coenzyme Q10
- Flavonoids
- Astaxanthin
- Alpha Lipoic Acid
- Others
By Dosage Form:
- Tablet
- Capsules
- Gels
- Liquid
- Gummies
By Route of Administration:
- Oral
- Topical
- Parental
By Indication:
- Age Related Macular Degeneration
- Cataract
- Dry Eye Syndrome
- Glaucoma
- Others
By Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
- Ophthalmic Stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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