Who are the key vendors in the Global Eye Health Supplements Market?

To preserve their market position, key corporations are pursuing various business strategies such as mergers, collaborations, & new product releases. For example, in 2021 the Japanese business Nippon Flour Mills announced the release of eye and brain flavonoid supplements containing lutein, Ginkgo Biloba, terpene lactone, & zeaxanthin. 'Bausch Health Companies Inc.', 'Vitabiotics Ltd.', 'Novartis International AG', 'Alcon Inc.', 'The Nature's Bounty Co.', 'Pfizer Inc.', 'Amway Corporation', 'ZeaVision Holdings, Inc.', 'Valeant Pharmaceuticals International, Inc.', 'Swanson Health Products, Inc.', 'GNC Holdings Inc.', 'Nature's Way Products, LLC', 'EyePromise', 'The Himalaya Drug Company', 'Nutraceutical Corporation', 'Vitafusion', 'EyeScience Labs, LLC', 'NOW Foods', 'Ocuvite (Abbott Laboratories)', 'Carlson Labs'

Eye Health Supplements Market Size, Share, Growth Analysis, By Ingredient Type(Lutein and Zeaxanthin, Antioxidants, Omega-3 Fatty acids, Coenzyme Q10), By Indication(Age-related Macular Degeneration, Cataract, Dry Eye Syndrome, Inflammation), By Formulation(Tablets, Capsules, Powder, Softgels), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2201 | Region: Global | Published Date: September, 2024
Pages: 219 | Tables: 125 | Figures: 77

Eye Health Supplements Market Dynamics

Eye Health Supplements Market Drivers

Increasing Prevalence of Eye-related Disorders

The rising prevalence of eye-related disorders, such as age-related macular degeneration (AMD), cataracts, and dry eye syndrome, is driving the demand for eye health supplements. As the aging population increases globally, the incidence of these disorders is expected to rise, creating a growing market for supplements that support eye health.

Eye Health Supplements Market Restraints

Lack of Scientific Evidence

While there is anecdotal evidence and some preliminary studies supporting the benefits of eye health supplements, the overall scientific evidence regarding their efficacy and long-term effects is limited. The lack of robust clinical studies and standardized research methodologies can be a restraint, as it may hinder consumer confidence and acceptance.

Eye Health Supplements Market Report Snapshots

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Global Eye Health Supplements Market size was valued at USD 1.79 Billion in 2022 and is expected to grow from USD 1.9 Billion in 2023 to reach USD 3 Billion by 2031, at a CAGR of 5.9 % during the forecast period (2024-2031).

To preserve their market position, key corporations are pursuing various business strategies such as mergers, collaborations, & new product releases. For example, in 2021 the Japanese business Nippon Flour Mills announced the release of eye and brain flavonoid supplements containing lutein, Ginkgo Biloba, terpene lactone, & zeaxanthin. 'Bausch Health Companies Inc. ', 'Vitabiotics Ltd. ', 'Alcon Inc. ', 'The Nature's Bounty Co. ', 'Amway Corporation ', 'ZeaVision Holdings, Inc. ', 'Swanson Health Products, Inc. ', 'GNC Holdings Inc. ', 'Nature's Way Products, LLC ', 'EyePromise ', 'Nutraceutical Corporation ', 'Church & Dwight Co., Inc. ', 'EyeScience Labs, LLC ', 'NOW Foods ', 'Ocuvite (Abbott Laboratories) ', 'Carlson Labs'

The rising prevalence of eye-related disorders, such as age-related macular degeneration (AMD), cataracts, and dry eye syndrome, is driving the demand for eye health supplements. As the aging population increases globally, the incidence of these disorders is expected to rise, creating a growing market for supplements that support eye health.

Increasing Consumer Awareness and Proactive Approach to Eye Health: There is a growing awareness among consumers about the importance of maintaining good eye health and preventing age-related eye conditions. Consumers are taking a proactive approach to eye health and seeking out eye health supplements as a part of their overall wellness regimen.

North America held the biggest market revenue share of 35.6% in 2023. The rising prevalence of chronic eye diseases, particularly AMD, diabetic retinopathy, glaucoma, and dehydrated eye syndrome, as well as increased awareness and availability of commercialized eye health supplements, are a few of the key factors contributing to North America's largest revenue share. Furthermore, a surge in new products for eye care supplements in the region is a major factor driving market expansion in North America.

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Eye Health Supplements Market Dynamics

Eye Health Supplements Market Report Snapshots

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