Eye Health Supplements Market Size, Share, Growth, and Industry Analysis, By Type (Tablets, Capsules, Powder, Soft-gels, Liquid and Others), By Application (Online, Retail Store, Pharmacy, Hospitals and Others) and Regional Insights and Forecast to 2032

Updated On: 29 April 2024

EYE HEALTH SUPPLEMENTS MARKET REPORT OVERVIEW

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The global eye health supplements market size was USD 1600 million in 2021, and the market is projected to touch USD 2868.5 million by 2032, at CAGR of 5.45% during the forecast period.

Supplements for maintaining one's eye health are known as eye health supplements. They work wonders at lessening and getting rid of infection and ocular issue symptoms as well. Over the course of the forecast period, the growing prevalence of eye illnesses among the elderly population will propel the expansion of the global eye health supplements market. Various eye illnesses are brought on by aging and must be treated to maintain eye health.

COVID-19 Impact: Advent of COVID-19 Reduced the Clinical Trials and, with Shift in focus, Shackled-Up the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

During its initial stages, the COVID-19 pandemic had a considerable influence on ophthalmic care. A study carried out in the U.K. revealed that during the first peak of the pandemic, fewer outpatient clinic appointments for ophthalmology were made, less outpatient referrals were made, and ward reviews were hindered. According to the article, hundreds of appointments were canceled, just a small percentage of which were thought to be suitable for teleophthalmology. Furthermore, a different report that was released in May 2021 by BMC Ophthalmology states that the number of retina clinics drastically decreased during the COVID-19 health emergency. As a result, during the first pandemic phase, the pandemic had a major negative influence on the market for ophthalmology care overall, which also decreased the use of supplements for eye health.

LATEST TRENDS

"Launch of New Products and Developments to Elevate the Market Share"

The launch of innovative products is also boosting the market's growth. For instance, in January 2022, Entod Pharmaceuticals, a research-based pharmaceutical company with over four decades of ophthalmology, ENT, and dermatology medicine expertise, launched the Macusaff capsule, a saffron-based eye care supplement in India. Likewise, in May 2021, PharmaLinea launched a line of preventative eye health supplements in consumer-friendly formats. The decision came as a result of the pandemic, which has increased screen time and contributed to an increase in eye health concerns. Also, in February 2021, Unibar Corporation signed a partnership with Health Thru Nutrition and the availability of the Health Thru Nutrition Capsanthin supplement containing CapsiClear.

EYE HEALTH SUPPLEMENTS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into tablets, capsules, powder, soft-gels, liquid and others.

The market is divided into tablet, capsule, powder, and other categories based on type. Throughout the anticipated term, the soft gels segment is probably going to increase at a significant rate. It is a useful method of administering nutrients that are liquid or oil-based. According to research, supplements that are taken in their original form are far more beneficial than those that have been altered. Furthermore, the majority of nutrients, such as fish and krill oils, are encapsulated in soft gels to prevent side effects that could alter the oils' flavor and scent.

• By Application

Based on application the global market can be categorized into online, retail store, pharmacy, hospitals and others.

When using eye health supplements in a variety of locations, such as pharmacies, retail stores, hospitals, and online platforms, it's important to make sure that accessibility, education, and quality control are met. Supplement counseling is an option for hospitals offering eye care treatments. Patients can learn from ophthalmologists and other medical professionals about the significance of particular nutrients for eye health. Supplements for eye health often have their own departments in retail establishments, particularly those that specialize in health and well-being. This can include omega-3 fatty acids, vitamins A, C, and E, as well as other pertinent supplements. By providing supplements to go along with prescribed treatments, pharmacies can work in tandem with eye care specialists to guarantee an all-encompassing approach to eye health.

DRIVING FACTORS

"Increasing Number of Eye Diseases in the Elder Population to Stimulate the Market Growth"

Over the course of the forecast period, the growing prevalence of eye illnesses among the elderly population will propel the expansion of the global eye health supplements market. Various eye illnesses are brought on by aging and must be treated to maintain eye health. One excellent method of treating eye issues that arise with age is to take advantage of the Eye Health Supplements Market. With the use of the market, a number of illnesses can be treated, including trachoma, dry eye syndrome, inflammation, diabetic retinopathy, macular degeneration, refractive errors, cataracts, and corneal opacity.

"Rising Number of Eye Disorders with Poor Nutritional Food Quality to Aid the Market Growth"

Over the course of the projection period, the market will rise significantly due to an increase in eye problems in the upcoming years. The deterioration of eye health caused by the growing usage of smart devices and displays exposes people to more blue light, which is expected to drive the market throughout the forecast period. Over the course of the forecast period, the Global Eye Health Supplements Market is expected to rise due to a decline in food quality and inadequate nutritional benefits.

RESTRAINING FACTORS

"High Cost of the Treatment to Hold Back the Market Growth"

Good supplements can be costly, and insurance may not always pay the whole amount. This may make it less accessible to some people. Over the course of the projection period, the market's expansion will be restrained by the high costs of the supplements. However, cost considerations of the treatments may restrict the worldwide eye health supplements market growth.

EYE HEALTH SUPPLEMENTS MARKET REGIONAL INSIGHTS

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"North America with Rising Prevalence of Chronic Eye Disorders to Lead the Market Share"

North America had the greatest eye health supplements market share in 2021. Some of the major factors contributing to North America's leading revenue share are the increasing prevalence of chronic eye disorders, especially AMD, diabetic retinopathy, glaucoma, and dry eye syndrome; other factors include growing awareness of and accessibility to commercialized eye health supplements. Increased product releases for eye health supplements in the region are a key driver of market expansion in North America.

KEY INDUSTRY PLAYERS

"Notable Market Players Shaping the Market through Innovation and Market Expansion"

Major market actors are crucial for comprehending customer preferences and business dynamics because of their enormous market influence. The vast retail networks and online platforms of these large corporations enable shoppers to peruse a vast array of apparel options with ease. Product adoption has increased as a result of their well-known brand, strong worldwide presence, and enhanced customer confidence and loyalty. 

List of Market Players Profiled

• Nutrivein (U.S.)
• ZeaVision LLC (U.S.)
• EyeScience (U.S.)
• Vitabiotics Ltd. (U.K.)
• Amway International (U.S.)
• Nutrachamps (Canada)
• Bausch & Lomb (U.S.)
• Kemin Industries, Inc. (U.S.)
• Pfizer Inc. (U.S.)
• The Nature’s Bounty Co. (U.S.)

INDUSTRIAL DEVELOPMENT

May 2019: Nutrilite DHA Yummies are a new addition to Amway's line of kid-friendly nutrition products. While supplying DHA, the Nutrilite DHA Yummies Soft Gel helps kids maintain a healthy nutritional intake.

REPORT COVERAGE

The research provides forecasts for future market expansion in addition to a comprehensive SWOT analysis. It examines a wide range of market classifications, potential uses, and important factors that fuel the market's expansion in order to determine how the industry develops over the next several years. By considering both historical turning points and current trends, the research offers a thorough picture of the market's components and highlights potential growth prospects.