Eye Health Supplements Market Trends

Global Eye Health Supplements Market Overview

The eye health supplements market size was valued at USD 1.2 Billion in 2022. The eye health supplements industry is projected to grow from USD 1.27 Billion in 2023 to USD 2.04 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2023 - 2032). The rising preference for eye health supplements among millennials and older groups of individuals who are highly prone to myopia and digital eye fatigue are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Eye Health Supplements Market Trends

Increasing R&D activities and product approvals are driving the market growth.

Market CAGR for eye health supplements is driven due to increasing R&D activities by various key players. Prominent factors supporting the market growth during the forecast period include a rising focus on developing medicines. For instance, in January 2019, Atlas Nanotech, a nanotechnology research and development company, which is focused on the field of nanomedicine and a subsidiary of COSTAS, Inc., announced the completion of the development of the first-ever nanotechnology vitamin A (retinol)-based crystalline eye drop, which is indicated for dry eye diseases. The eye drop was marketed under the brand name NANO CLEAR A.

Moreover, The market is expected to experience strong growth as a result of the rising number of eye health supplements being introduced to meet the unmet need of the 1.0 billion untreated people with vision impairment ly. This, in turn, is anticipated to further drive the sales of eye health supplements over the forecast period. For instance, in October 2019, Bausch + Lomb launched its eye health supplement - PreserVision AREDS 2 Formula mini gel eye vitamins, in the US. The PreserVision AREDS 2 Formula mini gel is an easier-to-swallow alternative for the company's PreserVision AREDS 2 Formula soft gels, indicated for advanced AMD.

Furthermore, the growing  geriatric population and diabetes, as uncontrolled diabetes leads to diabetic retinopathy. In 2019 the title issued United Nations World Population Ageing, there were around 703 million individuals aged 65 years or above in the globe in 2019, and the number is anticipated to double to 1.5 billion in 2050. According to the World Health Organization Statistics of 2021, at least 2.2 billion people ly have near-or-distance eyesight impairment. In at least 1 billion eyesight, impairment could have been controlled or has yet to be managed. Furthermore, as per the Dry Eye Directory's statistics for 2022, between 16 million and 49 million Americans currently have dry eyes. This is between 5-15% of the population. The increasing prevalence of eye disorders will likely propel the demand for eye health supplements among the patient population.

Numerous diseases, including refractive errors, inflammation, cataract, macular degeneration, diabetic retinopathy, trachoma, dry eye syndrome, and corneal opacity, are taken care of using eye health supplements. Therefore, increased incidences of eye disorders are projected to drive the eye health supplements market revenue.

Eye Health Supplements Market Segment Insights

Eye Health Supplements Product Type Insights

The  eye health supplements market segmentation, based on product type, includes antioxidant, neuro-protective, and anti-inflammatory. The antioxidant segment dominated the market, accounting for 35% of market revenue (0.42 Billion). In developing economies, category growth is driven by growing awareness concerning the benefits of using these products to prevent and effectively treat several eye disorders.

Eye Health Supplements Indication Insights

The  eye health supplements market segmentation, based on indication, includes age-related macular degeneration (AMD), cataract, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and others. The age-related macular degeneration (AMD) category generated the most income (70.4%). This is majorly due to the increase in the prevalence of AMD ly. However, eye fatigue is the fastest-growing category due to growing recommendations to increase the intake of dietary supplements for eye fatigue.

Eye Health Supplements Type Insights

The  eye health supplements market segmentation, based on supplements type, includes vitamins, minerals, fatty acids, and others. The minerals category generated the most income. This is majorly due to rising awareness about the health benefits associated with consuming minerals. However, fatty acids are the fastest-growing category due to the increasing number of health-conscious consumers.

Eye Health Supplements Form Insights

The  eye health supplements market segmentation, based on form, includes tablets/capsules, liquids, gels, gummies, and others. The tablet/capsule category generated the most income. This is majorly owing to their high availability in several forms, such as sustained-release tablets, chewable tablets, and sublingual and buccal tablets. However, gels are the fastest-growing category due to key brands' high availability of gel eye health dietary supplements.

Eye Health Supplements Distribution Channel Insights

The  eye health supplements market segmentation, based on distribution channel, includes online pharmacy, retail pharmacy, and hospital pharmacy. The retail pharmacy category generated the most income. This is majorly due to the growing number of independent pharmacies and chains and the availability of medications in supermarkets & mass retailers. However, online pharmacy is the fastest-growing category due to the rapid adoption of automation technologies, such as robots, automated dispensing cabinets, and packaging systems.

Figure 1  Eye Health Supplements Market, by Distribution Channel, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Eye Health Supplements Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American eye health supplements market will dominate this market due to the increasing prevalence of chronic eye disorders, majorly AMD, diabetic retinopathy, glaucoma, and dry eye syndrome in this region. Further, the US eye health supplements market held the largest market share, and the Canada eye health supplements market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  EYE HEALTH SUPPLEMENTS MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe eye health supplements market accounts for the second-largest market share due to the presence of many local market players offering innovative and affordable eye health supplements. Further, the German eye health supplements market held the largest market share, and the UK eye health supplements market was the fastest growing market in the European region.

The Asia-Pacific eye health supplements Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing concentration of major players and new product launches in the region. Moreover, China eye health supplements market held the largest market share, and the India eye health supplements market was the fastest growing market in the Asia-Pacific region.

Eye Health Supplements Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the eye health supplements market grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the eye health supplements industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  eye health supplements industry to benefit clients and increase the market sector. Major players in the eye health supplements market, including Bausch & Lomb, Incorporated, ZeaVision, LLC, Amway International, and others, are attempting to expand market demand by investing in research and development operations.

Bausch & Lomb Incorporated develops, manufactures, and markets optical products. The company offers contact lenses, generic and prescription pharmaceuticals, and other eye surgery products for cataract and refractive surgery. Bausch & Lomb serves customers worldwide. In 2019, Bausch + Lomb launched Ocuvite Eye Performance vitamin supplements in the US to meet the increasing needs of US consumers.

Nippon Corp, formerly Nippon Flour Mills Co Ltd, produces and markets wheat flour and processed foods for households, restaurants, and consumers. The company also manufactures and sells food ingredients, processed foods, meal solutions and frozen foods. Its other businesses include manufacturing and selling health foods, pet foods, and biotechnology. NIPPON also offers pasta sauces, cooked rice, snacks, desserts, frozen dough, meals for boxed lunches, dried noodles, rice flour products, and others. The company sells these products under NIPPIN, Oh'my, and REGALO brand names. In August 2019, Nippon Flour Mills entered the healthcare business by launching its eye and brain flavonoid supplements made of lutein, Ginkgo Biloba, terpene lactone, and zeaxanthin.

Key Companies in the Eye Health Supplements market include

• The Nature's Bounty Co.


• Vitabiotics Ltd.


• Pfizer Inc.


• Amway International


• Bausch & Lomb


• Nutrivein


• ZeaVision LLC


• Kemin Industries, Inc.


• EyeScience


• Nutrachamps

Eye Health Supplements Industry Developments

April 2022 Wellbeing Nutrition released 'Melts Eye Care,' which is the first all-natural eye vitamin in the world. This internationally recognized brand uses advanced nanotechnology to deliver vitamins directly into the bloodstream. It makes the bloodstream more bioactive and bioavailable than conventional capsules and tablets.

January 2022 Entod Pharmaceuticals, a research-based pharmaceutical company with over four decades of ophthalmology, ENT, and dermatology medicine expertise, launched the Macusaff capsule, a saffron-based eye care supplement in India.

Eye Health Supplements Market Segmentation

Eye Health Supplements Product Type Outlook

• Antioxidant


• Neuro-Protective


• Anti-Inflammatory

Eye Health Supplements Indication Outlook

• Age-Related Macular Degeneration (AMD)


• Cataract


• Glaucoma


• Eye Fatigue


• Corneal Support


• Eyelid Conjunctivitis


• Others

Eye Health Supplements Type Outlook

• Vitamins


• Minerals


• Fatty Acids


• Others

Eye Health Supplements Form Outlook

• Tablet/Capsule


• Liquid


• Gels


• Gummies


• Others

Eye Health Supplements Distribution Channel Outlook

• Online Pharmacy


• Retail Pharmacy


• Hospital Pharmacy

Eye Health Supplements Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America