Eye Health Supplement Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Eye Health Supplement Market Analysis
The eye health supplement market is projected to register a CAGR of 6.5% during the forecast period.
The COVID-19 pandemic significantly impacted ophthalmic care during the initial phase. For instance, according to a study published by PubMed in March 2021, a study was conducted in the United Kingdom which showed that outpatient clinic appointments for ophthalmology were reduced by 87.2%, outpatient referrals were reduced by 50.2%, and ward reviews by 50% during the first peak of the pandemic. The article also stated that there were 1,377 canceled appointments, with 6.8% of them deemed appropriate for teleophthalmology. Moreover, according to another study published by BMC Ophthalmology in May 2021, during the COVID-19 health emergency, retina clinic volume fell by 62%. The average time from check-in to technician has decreased by 79%, total visit length has decreased by 46%, and time spent in the provider phase of care has decreased by 53%. Thus, owing to the pandemic, the overall ophthalmology care market was significantly impacted during the initial pandemic phase, which reduced the usage of eye health supplements as well. However, as the pandemic has subsided, ophthalmic care has gone back to normal, so the studied market is expected to have normal growth during the forecast period of the study.
The major drivers propelling the growth of the eye health supplement market are the increasing prevalence of eye disorders, the growing geriatric population and high incidence of diabetes, and the increased usage of screens and monitors in the daily routine of people.
According to the data updated by WHO in March 2022, trachoma is a public health problem in 44 countries and is responsible for the blindness or visual impairment of about 1.9 million people globally in 2022. Thus, the increasing burden of ophthalmic diseases around the world is expected to boost the growth of the market during the forecast period of the study.
Furthermore, according to the World Population Prospects: 2022, published by the UN in 2022, it is estimated that the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. It is also estimated that by 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age 5 and about the same as the number of children under age 12. As a person grows older, his eyes become weaker, which makes him more prone to ophthalmic diseases. Thus, all of the above statistics indicate that the world's population is aging, which is expected to enhance future market growth, as ophthalmic diseases are often associated with old age, which will also increase the usage of eye health supplements.
Additionally, 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.
Thus, owing to the aforementioned factors, such as the increasing prevalence of eye disorders, the rising geriatric population, and the key development by market players, the studied market is expected to experience growth over the forecast period. However, higher costs associated with eye health supplement products are likely to impede market growth.
Eye Health Supplement Market Trends
Cataract Segment is Expected to Show Significant Growth Over the Forecast Period
A cataract is often known as a cloudy lens. The lens is positioned behind the colored part of the eye, and in a cataract patient, the lens becomes clouded. The major factors driving the growth of the segment includes the rising burden of cataract and the rising geriatric population.
The increasing benefits of supplements for cataracts are a major factor driving the growth of the segment. For instance, according to an article published by PubMed Central in October 2022, vitamin B is an essential supplement that has antioxidant and neuroprotective properties, and it is said to decrease cataract incidence. Thus, the high benefits of supplements for cataracts are expected to boost segment growth.
Moreover, the rising geriatric population around the world is also expected to enhance segment growth, as cataracts are often associated with elderly people. For instance, according to the data published by WHO in October 2022, it is estimated that 1 in 6 people in the world will be aged 60 years or over by 2030, and the share of the population aged 60 years and over will increase to 1.4 billion by 2030. Such an anticipated increase in the elderly population growth rate is associated with the increasing use of eye health supplements by cataract patients.
Hence, the aforementioned factors, such as the rising prevalence of cataracts and the rising geriatric population, are expected to boost the segment growth during the forecast period of the study.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
The rise in the geriatric population, the increasing prevalence of diabetes, and eye disorders such as age-related macular degeneration (AMD), cataracts, diabetic retinopathy, and other eye disorders are expected to drive the growth of the studied market in North America. For instance, as per the November 2022 update by NORC at the University of Chicago, for Americans over 50 years, AMD is the main cause of vision loss. The source also stated that approximately one in 10 Americans aged 50 and older have the early form of AMD, and approximately 1 out of every 100 Americans aged 50 and older have the vision-threatening late form.
Moreover, the growing elderly population is expected to drive the growth of the market segment. For instance, according to the data published by the World Bank Group in 2022, the population aged 65 and above as a percentage of the total population was 17.04% in the United States in 2021, 18.56% in Canada, and 7.83% in Mexico. In addition, according to the data published by Statistics Canada in July 2022, it is estimated that around 7,330,605 people are aged 65 years or older in Canada, and this accounts for 18.8% of the total population. As the geriatric population is more prone to ophthalmic diseases, it is expected to drive the growth of the market.
Additionally, the increasing concentration of major players and new product launches in the region adds to the growth of the studied market. For instance, in December 2021, TJ Nutrition, a Texas nutraceutical company that creates one-of-a-kind, patented supplements based on genetic disease investigators' clinical research, launched Parasym Plus Eyes, a revolutionary and patented compound that has scientifically proved to increase tear production while reducing inflammation. By enhancing both lacrimal and vagus nerve function, Parasym Plus Eyes improves both systemic and ocular health neurologically and concurrently.
Thus, in view of the aforementioned factors, such as the rising prevalence of eye disorders, rising geriatric population, and the increasing developments by market players, North America is expected to contribute significantly to the eye health supplement market over the forecast period.
Eye Health Supplement Industry Overview
The eye health supplement market is highly fragmented and consists of many major players that dominate the market. Also, many small and medium-sized companies are also actively involved in R&D activities and trying to set foot in the studied market, thereby leading to impactable growth over the forecast period. The major players in the studied market are Basuch Health Inc. (Bausch & Lomb), Incorporated, ZeaVision, LLC., Amway International, Akorn Consumer Health, Vitabiotics Ltd, and Nature's Bounty, Co., among others.
Eye Health Supplement Market Leaders
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ZeaVision, LLC.
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Vitabiotics Ltd
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Akorn Consumer Health
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Amway International
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Bausch Health Inc. ( Bausch & Lomb Incorporated)
*Disclaimer: Major Players sorted in no particular order
Eye Health Supplement Market News
- February 2023: Herbalife Nutrition India entered the eye health segment with its new product, Ocular Defense. It is a scientifically designed formula containing a combination of lutein and zeaxanthin.
- April 2022: Wellbeing Nutrition, India's one of leading research-based wholefood nutrition companies, launched the all-natural Eye Vitamin called 'Melts Eye Care.'
Eye Health Supplement Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Prevalence of Eye disorders
- 4.2.2 Growing Geriatric Population and High Incidence of Diabetes
- 4.2.3 Increased Usage of Screens and Monitors in Daily Routine
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4.3 Market Restraints
- 4.3.1 High Cost of Eye Care Supplements
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Type
- 5.1.1 Antioxidants
- 5.1.2 Fatty Acids
- 5.1.3 Anti-inflammatory Supplements
- 5.1.4 Neuro-Protective Supplements
- 5.1.5 Others
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5.2 By Indication
- 5.2.1 Age-Related Macular Degeneration (AMD)
- 5.2.2 Cataract
- 5.2.3 Dry Eye Syndrome
- 5.2.4 Diabetic Retinopathy
- 5.2.5 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle-East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Bausch Health Inc. (Bausch & Lomb Incorporated)
- 6.1.2 Amway International
- 6.1.3 Akorn Consumer Health
- 6.1.4 Vitabiotics Ltd
- 6.1.5 ZeaVision, LLC
- 6.1.6 Nature's Bounty Co.
- 6.1.7 Nutrivein
- 6.1.8 Kemin Industries, Inc.
- 6.1.9 Basic Brands Inc.
- 6.1.10 Zenith Labs
- 6.1.11 Performance Lab Ltd.
- 6.1.12 Nuzena LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEye Health Supplement Industry Segmentation
As per the scope of the report, eye health supplements are ocular nutraceuticals, which include vitamins, proteins, fatty acids, and others that help in improving eye health and providing better vision. These supplements play a crucial role in vision by maintaining a clear cornea, protecting the eye from damage caused by free radicals, and reducing inflammation in the eyes. The eye health supplement market is segmented by type (antioxidants, fatty acids, anti-inflammatory supplements, neuro-protective supplements, and other types), by indication (age-related macular degeneration (AMD), cataract, dry eye syndrome, diabetic retinopathy, and other indications), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Type | Antioxidants | |
| Fatty Acids | ||
| Anti-inflammatory Supplements | ||
| Neuro-Protective Supplements | ||
| Others | ||
| By Indication | Age-Related Macular Degeneration (AMD) | |
| Cataract | ||
| Dry Eye Syndrome | ||
| Diabetic Retinopathy | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Eye Health Supplement Market Research FAQs
What is the current Global Eye Health Supplement Market size?
The Global Eye Health Supplement Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Global Eye Health Supplement Market?
ZeaVision, LLC., Vitabiotics Ltd , Akorn Consumer Health, Amway International and Bausch Health Inc. ( Bausch & Lomb Incorporated) are the major companies operating in the Global Eye Health Supplement Market.
Which is the fastest growing region in Global Eye Health Supplement Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Eye Health Supplement Market?
In 2024, the North America accounts for the largest market share in Global Eye Health Supplement Market.
What years does this Global Eye Health Supplement Market cover?
The report covers the Global Eye Health Supplement Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Eye Health Supplement Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Eye Health Supplements Industry Report
Statistics for the 2024 Eye Health Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Eye Health Supplements analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
