Pune, India, January 24, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Eye Health Ingredients Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
Global Eye Health Ingredients Market – Overview
Growing incidence of eye health diseases is supporting the growth of eye health ingredients market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Eye Health Ingredients Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR during the forecast period.
Hectic and busy schedule followed by exposure to toxic materials have increased the number of population suffering from unhealthy vision, which has, in turn, increased the demand for eye health ingredients. The eye health ingredients protect eye from UV radiation, elimination of free radicals, and enhances vision. The most commonly used eye health ingredients are lutein, zeaxanthin, beta-carotene, astaxanthin, and others. They are the major source of providing healthy vision to human sight. Eye health diseases are a major concern among all age grouped population. Increasing population with eye health problems such as cataract, glaucoma, diabetic retinopathy, Age-Related Macular Degeneration (AMD) and others is driving the growth of the global eye health ingredients market.
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 is further boosting the growth of the eye health ingredients market. Moreover, large spending on nutritional products is adding fuel to the growth of the eye health ingredients market. However, certain allergic reactions caused due to improper consumption of eye health ingredients may hamper the growth of eye health ingredients market.
Latest Industry Updates:
Dec 2017 Biotechnology firm, Polaris came up with omega 3 algal oil in a vegetable based capsule. It is contributing to eye and brain development
Nov 2017 The Dutch Supplier of health and nutritional ingredients, DSM partnered with UN children’s agency UNICEF to focus on reaching mothers and children with nutritional interventions during the crucial first 1000 days of children’s life
June 2017 The United States Patent and Trademark Office awarded Patent to Florida-based Valensa International for its EyePro MD formula, which claims eye healthcare benefits related to its super-blend of lutein, zeaxanthin and astaxanthin mixed with omega-3 essential oils from krill, algae or perilla seed.
Oct 2015 DSM and Kemin, two key players of eye health ingredients market, had collaborated and launched two new products named FloraGLO Lutein and OPTISHARP Zeaxanthin.
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Global Eye Health Ingredients Market - Competitive Analysis:
With the entry of industry players in the Eye health Ingredients segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The key players are highly focusing on product innovations and new product launches which are healthy for the consumer’s eye. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Eye health Ingredients market are as Allied Biotech Corporation (Taiwan), DSM (The Netherlands), BASF SE (Germany), FMC Corporation. (U.S.), AIDP Inc. (U.S.), BI Nutraceuticals (U.S.), BLUE CALIFORNIA (U.S.)
Global Eye Health Ingredients Market – Segments:
The global eye health ingredients market has been divided into type, application and region.
On The Basis Of Type: Luthein, Zeaxanthin, Beta-Carotene, Astaxanthin, and Others
On The Basis Of Application: Pharmaceuticals, Supplements, Beverages, Oils and Fats, Bakery and Confectionery, Dairy and Frozen Desserts, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Eye Health Ingredients Market - Regional Analysis
:
The global Eye health Ingredients market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. Low vision, blindness, and various vision health problems are increasingly observed in North America which is boosting the market for eye health ingredients market in this region. In Europe, U.K. and Germany are the major contributors to eye health ingredients market.
Asia Pacific is projected to witness steady growth in the forecast period based on consumer preference towards healthy lifestyle in developing countries such as India and China. Moreover, inclination of health conscious consumers towards consumption of functional foods will lead to moderate growth in rest of the world over the forecast period.
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Base Year | 2017 |
Companies Covered | 15 |
Pages | 110 |
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