Eye Health Ingredients Market Analysis

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.