Dublin, 16 February 2021 (GLOBE NEWSWIRE) – Report “Global Eye Health Supplements Market by Formulation, Indication, Ingredient Type, by Region, Industry Analysis and Forecast, 2020 – 2026.” was added to ResearchAndMarkets.com’s offer.
The global eye health supplement market is expected to reach $ 2.4 billion by 2026, increasing by 10% CAGR growth over the forecast period. Eye supplements are dietary and nutritional products that help maintain eye health and good eyesight. Eye health supplements contain vitamin A, omega-3 fatty acids, lutein and zeaxanthin, gamma-linolenic acid, etc.
These dietary supplements are useful for maintaining eye function, reducing the incidence of age-related eye diseases, and also protecting the eyes from harmful radiation. The growth of the eye health supplement market is mainly accredited to the growing incidence of eye diseases and the growing geriatric population. Furthermore, further growth of industrial development is expected which will stimulate market growth in the coming years. Although the costs of eye health supplements are high and product availability is lacking, these factors are holding back market growth.
Increasing cases of visual impairment and an increase in the short-sighted population, mainly during the COVID-19 pandemic, due to increasing screen use and attending virtual meetings while working from home, is one of the main market drivers. Growing cases of myopia occur due to an increased risk of several progressive eye disorders, including glaucoma, cataracts, and age-related macular degeneration. The growing propensity for eye health supplements among the geriatric population and millennials, very vulnerable to digital eye fatigue, continues to drive the market globally. The increasing prevalence of a number of eye diseases, including dry eye syndrome, cataracts, age-related macular degeneration (AMD) and inflammation, along with growing ophthalmologist recommendations for eye treatment and protection, are further treating the market.
According to the formulation
Based on the formulation, the market is segmented into tablets, capsules, powder, soft gels and liquid. The soft gel segment is likely to show a significant growth rate over the forecast period. It is an effective form of delivery of liquid or oil based supplements. Researchers believe that those supplements that come in their original form are much more effective than modified forms. Moreover, nutrients such as krill oil and fish oil are mostly encapsulated in soft gels to counteract the negative effects that can change the taste and aroma of the oil.
Based on the indications, the market is segmented into age-related macular degeneration (AMD), dry eye syndrome, inflammation, cataracts and others. In 2019, the AMD segment occupied the largest market share. The growing prevalence of AMD worldwide is further contributing to segment growth. The dry eye syndrome segment is expected to show a significant growth rate over the projected period.
According to the type of ingredients
Based on the ingredients, the market is segmented into lutein and zeaxanthin, antioxidants, flavonoids, alpha-lipoic acid, omega-3 fatty acids, coenzyme Q10, astaxanthin and others. The ingredients of lutein and zeaxanthin for eye health supplements collected the largest share of revenue in 2019. This is attributed to the growing awareness of the benefits provided by zeaxanthin and lutein supplements used to prevent and treat various eye disorders such as diabetic retinopathy, AMD, uveitis , and cataracts. Furthermore, the growing incidence of eye disorders, mainly AMD, and the growing recommendations for these eye health supplements by clinicians, ophthalmologists, and vision scientists are also contributing to segment growth.
Based on regions, the market is segmented into North America, Europe, the Asia-Pacific region and Latin America, the Middle East and Africa. The market for eye health supplements in the Asia-Pacific region is expected to show a significant growth rate in the coming years. The existence of a large number of actors in the local market offers affordable and innovative eye health supplements, and hubs for the production of eye health supplements are continuously increasing in China, India and the Philippines, which encourages market growth in the region.
The market research report covers the analysis of key market stakeholders. Key companies profiled in the report include The Nature’s Bounty Co. (The Carlyle Group LP), Pfizer, Inc., Alticor Inc. (Amway Corporation), Novartis AG, Kemin Industries, Inc., ZeaVision LLC (EyePromise), EyeScience Labs, LLC, Vitabiotics Ltd., Nutrivein and NutraChamps, Inc.
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Chapter 1. Market scope and methodology
1.1 Market definition
1.3 Market scope
1.4.1 Global Eye Health Supplements Market, as formulated
1.4.2 Global market for eye health supplements, as indicated
1.4.3 Global market for eye health supplements by type of ingredient
1.4.4 Global Eye Health Supplements Market, by Geography
1.5 Research methodology
Chapter 2. Market overview
2.1.2 Market composition and scenario
2.2 Key factors affecting the market
2.2.1 Market drivers
2.2.2 Market Constraints
Chapter 3. Strategies Applied to the Eye Health Supplements Market
Chapter 4. Global Eye Health Supplements Market by Formulation
4.1 Global tablet market by region
4.2 Global capsule market by region
4.3 Global powder market by region
4.4 Global Softgel Market by Region
4.5 Global market of others by regions
Chapter 5. Global market for eye health supplements according to indications
5.1 Global Age-Macular Macular Degeneration (AMD) market by region
5.2 Global Dry Eye Syndrome Market by Region
5.3 Global Inflammation Market by Region
5.4 Global Cataract Market by Region
5.5 Global market of other indications by regions
Chapter 6. Global Eye Health Supplements Market by Ingredient Type
6.1 Global lutein and zeaxanthin market by region
6.2 Global antioxidant market by region
6.3 Global flavonoid market by region
6.4 Global alpha-lipoic acid market by region
6.5 Global market for omega-3 fatty acids by region
6.6 Global Coenzyme Q10 Market by Region
6.7 Global astaxanthin market by region
6.8 Global market of others by regions
Chapter 7. The global market for eye health supplements by region
7.1 The North American Eye Health Supplements Market
7.2 European market for eye health supplements
7.3 Asia-Pacific Eye Health Supplements Market
7.4 LAMEA Eye Health Supplements Market
Chapter 8. Company profiles
8.1 Nature’s Bounty Co. (LP Carlyle Group)
8.1.1 Company overview
8.1.2 Financial analysis
8.1.3 Segmental and regional analysis
8.2 Pfizer, Inc.
8.2.1 Company overview
8.2.2 Financial analysis
8.2.3 Segmental and regional analysis
8.2.4 Latest strategies and development:
126.96.36.199 Partnerships, cooperation and agreements:
8.3 Alticor Inc. (Amway Corporation)
8.3.1 Company overview
8.3.2 Latest strategies and development:
188.8.131.52 Product launch and expansion:
8.4 Novartis AG
8.4.1 Company overview
8.4.2 Financial analysis
8.4.3 Segmental and regional analysis
8.4.4 Latest strategies and development:
184.108.40.206 Mergers and acquisitions:
220.127.116.11 Product launch and expansion:
8.5 Kemin Industries, Inc.
8.5.1 Company overview
8.5.2 Latest strategies and development:
8.6 ZeaVision LLC (EyePromise)
8.6.1 Company overview
8.6.2 Latest strategies and development:
18.104.22.168 Product launch and expansion:
8.7 EyeScience Labs, LLC
8.7.1 Company overview
8.8 Vitabiotics Ltd.
8.8.1 Company overview
8.9.1 Company overview
8.10. NutraChamps, Inc.
8.10.1 Company overview
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