Eye Health Ingredients Market Size - By Ingredient (Lutein, Beta Carotene, Vitamin A), Form (Soft gel, capsule & tablets, Liquid, Powder), Disease Indication (Age related Macular Degeneration, Cataract, Dry Eye Syndrome), Source, End Use & Forecast, 2023 – 2032

Eye Health Ingredients Market Size

Eye Health Ingredients Market is poised to record more than 7.5% CAGR from 2023-2032, driven by the rising intervention from regulatory bodies, such as the U.S. FDA and EFSA (European Food Safety Authority). The growing intake of eye health supplements is necessitating closer attention to health claims and labeling for ensuring that the products meet the safety and efficacy standards. To cite an example, in August 2023, the FDA issued warnings against the usage of MSM-containing eye drops due to microbial contamination.
 

Market Growth Drivers & Restraints

The surging awareness about the importance of eye health, primarily driven by the rapidly aging population coupled with the increased screen time and the subsequent rise in digital eye strain and age-related eye conditions will bolster the market growth. However, the dearth of availability of lutein and zeaxanthin coupled with the adverse health effects of carotenoid consumption may limit the industry development.

COVID-19 Impact

The COVID-19 pandemic had positive impact on the industry growth due to the heightened public awareness related to health and wellness, including eye health. The increased consumer spending time on screens driven by the influx of remote work and online learning resulted in the significant interest in eye health supplements and ingredients. As per a recent study by Dos Santos, 2021a, the online student enrolment increased from 30% to 70% during the COVID-19 pandemic. The higher adoption of telehealth services also compelled eye health professionals to recommend supplements and dietary changes to patients through virtual consultations, further driving the demand for related ingredients.

Eye Health Ingredients Market Trends

The ongoing research activities into eye health ingredients for their effectiveness in limiting and managing eye conditions will significantly contribute to the market expansion. The rising focus of several companies on investments in clinical trials and studies for substantiating health claims will also assist in improved product adoption. In addition, the increasing importance of personalized nutrition and supplementation along with the rising focus of several companies on offering products tailored to individual needs by incorporating ingredients based on age, and gender will also drive the industry growth.

Eye Health Ingredients Market Analysis

The natural sources segment may observe over 6% growth up to 2024, due to the surging consumer health concerns from chemically synthesized product consumption. Natural sources of eye health ingredients are well-tolerated by the body as they reduce the risk of adverse effects and allergic reactions when compared to synthetic alternatives. The rising innovations and research activities leading to the discovery of novel compounds and their potential benefits for eye health will also influence the segment expansion.
 

The powder segment is set to witness over 6.5% CAGR till 2032, attributed to the rising intake of pharmaceutical drugs worldwide. According to the National Library of Medicine, the overall pharmaceutical expenditure across the U.S. grew 7.7% in 2021 compared to 2020. Powdered formulations and supplements can be easily mixed with water and other beverages for easy consumption. The rising popularity of green superfood powders rich in lutein & zeaxanthin and comprising ingredients, such as spinach and kale for benefitting the eye health will also accelerate the market expansion.
 

Eye health ingredients market from the human segment is estimated to gain immense traction through 2032. The growing burden of macular degeneration, cataracts and glaucoma has steered the higher focus on effectively maintaining the retinal health and visual functions. The National Eye Institute reported that over half of all Americans aged 80 years and above have had cataracts. The demand for carotenoids, such as lutein and zeaxanthin is growing extensively to protect eyes from harmful high-energy light waves, including ultraviolet rays. The escalating surgery expenses leading to the growing consumer interest in OTC supplements will also prove favorable for the segment expansion.
 

APAC eye health ingredients industry size is expected to observe over 6.5% CAGR from 2023 to 2032. The rapidly aging population and the growing consumer inclination towards healthy lifestyles in China, Japan and India has led to the higher demand for eye health products and supplements. The increasing burden of digital device usage has made way for rising concerns related to digital eye strain and blue light exposure, further driving the awareness of eye health amongst the regional consumers. As per GSM Association, the number of individuals using mobile internet services in China is likely to increase by 200 million by 2025.
 

Eye Health Ingredients Market Share

Some of the prominent eye health ingredients industry players include

• Alcon
• Amway
• MacuShield
• Efamol
• Swanson Bausch & Lomb
• Solgar
• BASF
• FMC Corporation
• Allied Biotech Corporation
• DSM

Eye Health Ingredients Industry News

• In April 2021, BASF’s Care Creations® introduced Seanactiv™, a new ingredient using organic-certified marine algae fucus vesiculosus to enhance, refresh and revitalize the eye contour.
   

This market research report on eye health ingredients includes an in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2018 to 2032, for the following segments:

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By Source

• Natural
• Synthetic

By Ingredient

• Lutein
• Zeaxanthin
• Beta Carotene
• Vitamin A
• Bilberry Extracts

By Form

• Soft Gel
• Capsule & Tablets
• Liquid
• Powder

By End Use

• Human
• Animal

Disease Indication

• Age related Macular Degeneration
• Cataract
• Dry Eye Syndrome

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Mexico
  • Argentina