Global Eye Health Supplements Market

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 2025-2032


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

Eye Health Supplements Market Insights

Eye Health Supplements Market size was valued at USD 1.9 Billion in 2023 and is poised to grow from USD 2.01 Billion in 2024 to USD 3.18 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).

One of the main drivers of the market is the rising incidence of vision impairment and myopic vision, notably during the COVID-19 pandemic, as a result of increased screen use and participation in online conversations while working from home. High myopia is associated with an increased chance of developing progressive eye illnesses such as cataracts, glaucoma, & age-related macular degeneration. The increasing demand for eye health products among elderly people and millennials who are prone to digital eye fatigue & myopia is boosting the market globally.

An increase in the prevalence of multiple eye conditions such as Age-related Macular Degeneration (AMD), dry eye condition, cataracts, and inflammation, as well as ophthalmologists' glowing recommendations for eye health supplements for the prevention and treatment of these disorders, are driving the market.

According to the WHO, around 2.2 billion people worldwide had vision impairment or blindness. Low and middle-income countries, such as South Asia and western & eastern Sub-Saharan Africa, have been reported to have eight times the rate of blindness as high-income countries. Women are likely to have a higher incidence of eye illnesses such as cataracts and AMD, especially in poor and middle-income nations. Consumers in industrialized countries such as the United States, Canada, Australia, and the United Kingdom have high per-capita expenditures, resulting in high spending on healthcare items such as eye health dietary supplements, that contributes to market growth. Furthermore, growing demand for Lutein & Zeaxanthin supplements, in addition to bilberry extract supplements, for eye wellness, as well the easy access to these supplements via direct sales and e-commerce platforms, are driving the market.

Additionally, the rising launch of eye health supplements to meet the unmet demand from the world's 1.0 billion untreated individuals with vision impairment is expected to drive market expansion. This is projected to boost sales of eye health supplements even higher in the near future. For example, Bausch + Lomb debuted its eye health supplement, PreserVision AREDS 2 Formula micro gel eye vitamins, in the United States in 2020. The PreserVision AREDS 2 Formula micro gel is a more convenient alternative of the company's PreserVision AREDS 2 Formula soft gels, which are intended for advanced AMD.

Furthermore, the presence of a robust sales channel and supply network for these supplements considerably adds to market growth. According to a NutraIngredients survey, due to the COVID-19 crisis, internet sales of eye health supplements have surged dramatically to around 48.3% in the last few months.

US Eye Health Supplements Market is poised to grow at sustainable CAGR for the next forecast year.

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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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Global Eye Health Supplements Market

Report ID: SQMIG35I2201

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