The eye health supplements market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period can be attributed to demographic shifts, specifically an aging population, the widespread prevalence of eye disorders, increased awareness of the nutritional impact on eye health, a consumer focus on preventive healthcare, and the availability of various supplement forms.
The eye health supplements market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The forecasted growth in the upcoming period can be attributed to factors such as the rise in screen time and digitalization, a heightened interest in holistic health, the clinical validation of ingredients, government initiatives promoting eye health, and the integration of functional ingredients. Notable trends expected in the forecast period include ongoing innovations in formulations, increasing concerns about digital eye strain, the emergence of personalized nutrition solutions, and the popularity of combination products and multivitamins.
The increasing prevalence of vision impairment is a key factor driving the growth of the eye health supplement market. Vision impairment, characterized by irreversible vision loss, is often associated with conditions such as high blood pressure, cerebrovascular disease, stroke, atherosclerosis, vitamin A deficiency, and eye infections. Eye health supplements, containing essential nutrients and vitamins, are designed to contribute to maintaining eye health and promoting good vision. For example, as reported in the 2022 Vision Index by Optometrists Association Australia in July 2022, a significant percentage (81%) of respondents faced challenges in seeing objects at a distance, with shortsightedness being the most common diagnosis (40% of those who had their eyesight evaluated by an optometrist). Consequently, the increasing incidence of vision impairment is a driving force behind the growth of the eye health supplement market.
The rising geriatric population is expected to play a crucial role in propelling the eye health supplement market's growth in the foreseeable future. The term 'geriatric' pertains to the medical field dedicated to the assessment, treatment, and care of older individuals, typically those aged 65 and above. Eye health supplements are deemed essential in supporting and preserving the eyesight and overall eye health of senior individuals who may be more susceptible to age-related eye disorders and visual impairments. As of November 2022, America's Health Rankings reported that over 58 million individuals aged 65 and above were projected to reside in the United States, accounting for approximately 17.3% of the total population. Hence, the increasing geriatric population stands as a driving force for the eye health supplement market.
Product innovation stands out as a prominent trend gaining traction in the eye health supplement market, with major companies striving to develop cutting-edge products to maintain their competitive positions. A case in point is the launch of Eyecirque by Entod Pharma, an India-based pharmaceutical company, in collaboration with ENTOD Beauty, a UK-based medical and cosmetic dermatology research lab. This under-eye skin brightening supplement, introduced in September 2022, boasts a distinctive blend of essential antioxidants, vitamins, and minerals deemed essential for optimal eye health. Eyecirque not only addresses the nutritional needs of the under-eye area but also provides nourishment for comprehensive care.
Leading companies in the eye health supplement market are adopting strategic partnerships to introduce innovative capsanthin-based supplements. An illustrative example is the collaboration between Unibar Corporation, a US-based botanical and herbal life sciences company, and Health Thru Nutrition, a US-based nutritional supplement manufacturing company. This partnership, announced in February 2021, led to the introduction of a capsanthin-based supplement utilizing CapsiClear. CapsiClear is a patent-pending blend of carotenoids standardized to 50% capsanthin, designed to support eye health. It facilitates photo-stress recovery, reduces eye strain, enhances macular pigment optical density, shields the eyes from the impact of blue and white light, and lowers intraocular pressure (IOP) – all crucial factors for long-term visual health. CapsiClear adheres to high standards such as ISO, cGMP, HAACP, and PMDA, boasting self-affirmed GRAS accreditation, and is free of major allergens, non-GMO, gluten-free, and soy-free.
In June 2021, Vision Healthcare N.V., a Belgium-based healthcare company, successfully acquired Nutriment AS, a Norway-based company specializing in the production of vitamin and nutritional supplements. This strategic move aligns with Vision Healthcare's overarching goal of further consolidating its position as a leading health-tech platform in Europe, particularly in the direct-to-consumer segments of VMS (Vitamins, Minerals, Supplements) and beauty and personal care products.
Major companies operating in the eye health supplements market report are Bristol-Myers Squibb Company, Alcon Inc., Amway Corporation, Herbalife Nutrition Ltd., Bausch & Lomb Incorporated, Kemin Industries Inc., The Nature's Bounty Co., Swanson Health, Alliance Pharma PLC, OmniActive Health Technologies, Life Extension, Performance Lab Ltd., ProCaps Laboratories, Nuzena LLC, Vitabiotics Ltd., Nordic Naturals, ZeaVision LLC, Algatechnologies, Zenith Labs, Vita Balance Inc., Biosyntrx Inc., Allied BioNutrition Corporation, Codeage, EyeScience Labs, Healths Harmony USA Supplements LLC, Nutrivein, NutraChamps.
North America was the largest region in the eye health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the eye health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary ingredients in eye health supplements include lutein, zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, astaxanthin, alpha-lipoic acid, and others. Lutein, an orange xanthophyll, is naturally present in plants, animal fat, egg yolks, and the corpus luteum. These supplements are commonly available in the form of tablets, capsules, and drops, and are employed for the treatment of conditions such as age-related macular degeneration (AMD), cataracts, dry eye syndrome, diabetic retinopathy, among others. They can be obtained from hospital pharmacies, retail pharmacies, and online pharmacies.
The eye health supplements market research report is one of a series of new reports that provides eye health supplements market statistics, including eye health supplements industry global market size, regional shares, competitors with an eye health supplements market share, detailed eye health supplements market segments, market trends and opportunities, and any further data you may need to thrive in the eye health supplements industry. This eye health supplements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The eye health supplements market consists of sales of selenium, vitamin C, vitamin E, and calcium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The eye health supplements market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The forecasted growth in the upcoming period can be attributed to factors such as the rise in screen time and digitalization, a heightened interest in holistic health, the clinical validation of ingredients, government initiatives promoting eye health, and the integration of functional ingredients. Notable trends expected in the forecast period include ongoing innovations in formulations, increasing concerns about digital eye strain, the emergence of personalized nutrition solutions, and the popularity of combination products and multivitamins.
The increasing prevalence of vision impairment is a key factor driving the growth of the eye health supplement market. Vision impairment, characterized by irreversible vision loss, is often associated with conditions such as high blood pressure, cerebrovascular disease, stroke, atherosclerosis, vitamin A deficiency, and eye infections. Eye health supplements, containing essential nutrients and vitamins, are designed to contribute to maintaining eye health and promoting good vision. For example, as reported in the 2022 Vision Index by Optometrists Association Australia in July 2022, a significant percentage (81%) of respondents faced challenges in seeing objects at a distance, with shortsightedness being the most common diagnosis (40% of those who had their eyesight evaluated by an optometrist). Consequently, the increasing incidence of vision impairment is a driving force behind the growth of the eye health supplement market.
The rising geriatric population is expected to play a crucial role in propelling the eye health supplement market's growth in the foreseeable future. The term 'geriatric' pertains to the medical field dedicated to the assessment, treatment, and care of older individuals, typically those aged 65 and above. Eye health supplements are deemed essential in supporting and preserving the eyesight and overall eye health of senior individuals who may be more susceptible to age-related eye disorders and visual impairments. As of November 2022, America's Health Rankings reported that over 58 million individuals aged 65 and above were projected to reside in the United States, accounting for approximately 17.3% of the total population. Hence, the increasing geriatric population stands as a driving force for the eye health supplement market.
Product innovation stands out as a prominent trend gaining traction in the eye health supplement market, with major companies striving to develop cutting-edge products to maintain their competitive positions. A case in point is the launch of Eyecirque by Entod Pharma, an India-based pharmaceutical company, in collaboration with ENTOD Beauty, a UK-based medical and cosmetic dermatology research lab. This under-eye skin brightening supplement, introduced in September 2022, boasts a distinctive blend of essential antioxidants, vitamins, and minerals deemed essential for optimal eye health. Eyecirque not only addresses the nutritional needs of the under-eye area but also provides nourishment for comprehensive care.
Leading companies in the eye health supplement market are adopting strategic partnerships to introduce innovative capsanthin-based supplements. An illustrative example is the collaboration between Unibar Corporation, a US-based botanical and herbal life sciences company, and Health Thru Nutrition, a US-based nutritional supplement manufacturing company. This partnership, announced in February 2021, led to the introduction of a capsanthin-based supplement utilizing CapsiClear. CapsiClear is a patent-pending blend of carotenoids standardized to 50% capsanthin, designed to support eye health. It facilitates photo-stress recovery, reduces eye strain, enhances macular pigment optical density, shields the eyes from the impact of blue and white light, and lowers intraocular pressure (IOP) – all crucial factors for long-term visual health. CapsiClear adheres to high standards such as ISO, cGMP, HAACP, and PMDA, boasting self-affirmed GRAS accreditation, and is free of major allergens, non-GMO, gluten-free, and soy-free.
In June 2021, Vision Healthcare N.V., a Belgium-based healthcare company, successfully acquired Nutriment AS, a Norway-based company specializing in the production of vitamin and nutritional supplements. This strategic move aligns with Vision Healthcare's overarching goal of further consolidating its position as a leading health-tech platform in Europe, particularly in the direct-to-consumer segments of VMS (Vitamins, Minerals, Supplements) and beauty and personal care products.
Major companies operating in the eye health supplements market report are Bristol-Myers Squibb Company, Alcon Inc., Amway Corporation, Herbalife Nutrition Ltd., Bausch & Lomb Incorporated, Kemin Industries Inc., The Nature's Bounty Co., Swanson Health, Alliance Pharma PLC, OmniActive Health Technologies, Life Extension, Performance Lab Ltd., ProCaps Laboratories, Nuzena LLC, Vitabiotics Ltd., Nordic Naturals, ZeaVision LLC, Algatechnologies, Zenith Labs, Vita Balance Inc., Biosyntrx Inc., Allied BioNutrition Corporation, Codeage, EyeScience Labs, Healths Harmony USA Supplements LLC, Nutrivein, NutraChamps.
North America was the largest region in the eye health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the eye health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary ingredients in eye health supplements include lutein, zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, astaxanthin, alpha-lipoic acid, and others. Lutein, an orange xanthophyll, is naturally present in plants, animal fat, egg yolks, and the corpus luteum. These supplements are commonly available in the form of tablets, capsules, and drops, and are employed for the treatment of conditions such as age-related macular degeneration (AMD), cataracts, dry eye syndrome, diabetic retinopathy, among others. They can be obtained from hospital pharmacies, retail pharmacies, and online pharmacies.
The eye health supplements market research report is one of a series of new reports that provides eye health supplements market statistics, including eye health supplements industry global market size, regional shares, competitors with an eye health supplements market share, detailed eye health supplements market segments, market trends and opportunities, and any further data you may need to thrive in the eye health supplements industry. This eye health supplements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The eye health supplements market consists of sales of selenium, vitamin C, vitamin E, and calcium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Eye Health Supplements Market Characteristics3. Eye Health Supplements Market Trends and Strategies32. Global Eye Health Supplements Market Competitive Benchmarking33. Global Eye Health Supplements Market Competitive Dashboard34. Key Mergers and Acquisitions in the Eye Health Supplements Market
4. Eye Health Supplements Market - Macro Economic Scenario
5. Global Eye Health Supplements Market Size and Growth
6. Eye Health Supplements Market Segmentation
7. Eye Health Supplements Market Regional and Country Analysis
8. Asia-Pacific Eye Health Supplements Market
9. China Eye Health Supplements Market
10. India Eye Health Supplements Market
11. Japan Eye Health Supplements Market
12. Australia Eye Health Supplements Market
13. Indonesia Eye Health Supplements Market
14. South Korea Eye Health Supplements Market
15. Western Europe Eye Health Supplements Market
16. UK Eye Health Supplements Market
17. Germany Eye Health Supplements Market
18. France Eye Health Supplements Market
19. Italy Eye Health Supplements Market
20. Spain Eye Health Supplements Market
21. Eastern Europe Eye Health Supplements Market
22. Russia Eye Health Supplements Market
23. North America Eye Health Supplements Market
24. USA Eye Health Supplements Market
25. Canada Eye Health Supplements Market
26. South America Eye Health Supplements Market
27. Brazil Eye Health Supplements Market
28. Middle East Eye Health Supplements Market
29. Africa Eye Health Supplements Market
30. Eye Health Supplements Market Competitive Landscape and Company Profiles
31. Eye Health Supplements Market Other Major and Innovative Companies
35. Eye Health Supplements Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Eye Health Supplements Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on eye health supplements market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for eye health supplements? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Ingredient Type: Lutein; Zeaxanthin; Antioxidants; Omega-3 Fatty Acids; Coenzyme Q10; Flavonoids; Astaxanthin; Alpha-Lipoic Acid; Other Ingredients
2) By Form Type: Tablet; Capsule; Drops
3) By Indication Type: Age-Related Macular Degeneration (AMD); Cataract; Dry Eye Syndrome; Diabetic Retinopathy; Other Indications
4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
Key Companies Mentioned: Bristol-Myers Squibb Company; Alcon Inc.; Amway Corporation; Herbalife Nutrition Ltd.; Bausch & Lomb Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Bristol-Myers Squibb Company
- Alcon Inc.
- Amway Corporation
- Herbalife Nutrition Ltd.
- Bausch & Lomb Incorporated
- Kemin Industries Inc.
- The Nature's Bounty Co.
- Swanson Health
- Alliance Pharma plc
- OmniActive Health Technologies
- Life Extension
- Performance Lab Ltd.
- ProCaps Laboratories
- Nuzena LLC
- Vitabiotics Ltd.
- Nordic Naturals
- ZeaVision LLC
- Algatechnologies
- Zenith Labs
- Vita Balance Inc.
- Biosyntrx Inc.
- Allied BioNutrition Corporation
- Codeage
- EyeScience Labs
- Healths Harmony USA Supplements LLC
- Nutrivein
- NutraChamps
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.19 Billion |
Forecasted Market Value ( USD | $ 2.97 Billion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |