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Eye Health Supplements Market – By Ingredient Type (Lutein & Zeaxanthin, Antioxidant, Omega-3 Fatty Acid), Indication (Age-Related Macular Degeneration, Cataract, Glaucoma, Conjunctivitis), Formulation, Distribution Channel - Global Forecast 2024 – 2032
Report ID: GMI11150
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 300
Countries covered: 23
Pages: 168
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Eye Health Supplements Market Size
Eye Health Supplements Market size was valued at around USD 2.6 billion in 2023 and is estimated to grow at a 7.3% CAGR from 2024 to 2032. Eye health supplements are dietary products designed to support and enhance eye function and health by providing essential nutrients such as vitamins A, C, and E, minerals like zinc, carotenoids such as lutein and zeaxanthin, and omega-3 fatty acids. These supplements aim to protect the eyes from oxidative stress, improve vision, and reduce the risk of age-related conditions like macular degeneration and dry eye syndrome.
The rising prevalence of eye disorders such as refractive errors, cataracts, age-related macular degeneration (AMD), and glaucoma are significant driving factors for the market. For instance, according to the World Health Organization (WHO), in 2023, at least 2.2 billion people worldwide had near or distance vision impairment. Out of these, at least 1 billion were affected by refractive errors and cataracts, which were the leading causes of vision impairment and blindness globally. This has resulted in an increasing adoption of eye health supplements to support vision health and mitigate the impact of prevalent eye disorders.
Furthermore, growth in active screen time, advancements in product delivery technologies, and the rising geriatric population are promoting factors advancing the growth of the market.
Eye Health Supplements Market Trends
The surge in active screen time due to the widespread use of digital devices has highlighted the need for effective strategies to support eye health. As individuals spend more hours in front of screens, they often experience symptoms such as digital eye strain, dryness, and fatigue.
Eye Health Supplements Market Analysis
The market is divided into lutein and zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, alpha-lipoic acid, astaxanthin, and other ingredient types. The lutein and zeaxanthin segment of the market is forecasted to reach USD 1.5 billion by 2032.
Based on indication, the eye health supplements market is segmented into age-related macular degeneration (AMD), cataract, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and other indications. The age-related macular degeneration (AMD) segment accounted for USD 780.2 million in 2023.
Based on formulations, the eye health supplements market is divided into tablet/capsule, liquid, gels, gummies, and powder. The tablet/capsule segment of the market is forecasted to reach USD 2 billion by 2032.
Based on distribution channel, the eye health supplements market is bifurcated into hospital pharmacy, retail pharmacy, and online pharmacy. The retail pharmacy segment is forecasted to reach USD 2 billion by 2032.
The growth of the eye health supplements market in the U.S. is projected to reach USD 1.8 billion by 2032.
The eye health supplements market in the UK is expected to experience significant and promising growth from 2024 to 2032.
Japan's eye health supplements market is anticipated to witness lucrative growth between 2024 and 2032.
The eye health supplements market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Eye Health Supplements Market Share
The eye health supplements sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. Key to market strategy is the consistent launch of innovative products, utilizing a range of technologies. Major industry leaders wield significant influence, spearheading progress with hefty investments in R&D. Established players are constantly focusing on differentiating their products by offering unique formulations, ingredients, or delivery methods. Furthermore, strategic partnerships and M&A activities play a crucial role in bolstering market standing and broadening global reach, especially in the face of changing regulations.
Eye Health Supplements Market Companies
Some of the eminent market participants operating in the eye health supplements industry include:
Eye Health Supplements Industry News:
The eye health supplements market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Ingredient Type
Market, By Indication
Market, By Formulations
Market, By Distribution Channel
The above information is provided for the following regions and countries: