Eye Health Supplements Market - Global Outlook & Forecast 2024-2029

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THE GLOBAL EYE HEALTH SUPPLEMENTS MARKET SIZE IS EXPECTED TO REACH USD 3.28 BILLION BY 2029 FROM USD 2.22 BILLION IN 2023, GROWING AT A CAGR OF 6.70% DURING THE FORECAST PERIOD.

The Eye Health Supplements Market Size, Share, & Trends Analysis Report By

  • Ingredients: Lutein & Zeaxanthin, Antioxidants, Omega-3 Fatty Acids, and Other Ingredients
  • Indication: Age-related macular degeneration (AMD), Cataract, Dry Eye Syndrome (DED), Inflammation, and Other Indications
  • Product Form: Capsules & Softgels, Tablets, Powder & Liquid, and Other Product Forms
  • Distribution Channels: Pharmacies & Drug Stores, Supermarkets & Hypermarkets, E-commerce, and Other Distribution Channels
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

 

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GLOBAL EYE HEALTH SUPPLEMENTS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 3.28 Billion
Market Size (2023)USD 2.22 Billion
CAGR (2023-2029)6.70%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
SEGMENTS BYIngredients, Indication, Product Form, Distribution Channels, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSAmway Corp., Bausch Health Companies Inc., Vitabiotics Ltd., ZeaVision, LLC., and Nature’s Bounty
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MARKET INSIGHTS

The global eye health supplements market was valued at USD 2.22 billion in 2023 and is expected to reach USD 3.28 billion by 2029, growing at a CAGR of 6.70% during the forecast period. The global market witnessed significant developments and registered huge revenue growth opportunities in the past few years. The tremendous changes in the market, such as increased awareness about eye health and the positive impacts of eye health supplements, are expected to deliver continued growth opportunities. Several factors offer lucrative opportunities and accelerate eye health supplements market growth. The World Health Organization recommended key factors to strengthen general awareness and empower and engage people and communities. Through several programs on Vision and education campaigns, the organization plays a vital role in eye health and associated complications management. Apart from that, new ingredient developments, product launches, mergers & acquisitions, and collaboration are some of the leading strategies expected to provide huge discoveries in eye health supplements in the near future. Also, the continued development of new formulations, product forms, and associated efficacy is gaining high attraction and delivering continued growth momentum to the eye health supplements market.

MARKET TRENDS & DRIVERS

Increasing Focus on Eye Health
Eye health is becoming a major public health concern issue among every age group. However, in the past few years, the growing burden of eye diseases, such as in children, younger people, and adults, has been gaining attention in eye health improvement. The government's rising support and awareness program for eye care created awareness about eye health and associated eye health supplements. The key recommendations by the WHO, through the World Report of Vision 2019, are strengthening awareness and empowering and engaging people in eye care.

Desire for New Natural Ingredient-based Eye Health Supplements
The growing awareness about eye care and eye health supplements is a parallel trend for natural ingredients-based eye health supplements. Most vitamins and other ingredients that help maintain eye health are derived from natural sources. For instance, eye health supplements contain carotenoids, lutein, and zeaxanthin. These ingredients are typically found in natural sources. Bilberries, astaxanthin, and Ginkgo biloba are newly discovered ingredients that have become more popular in the eye health supplement market.

Presence of Significant Burden of Eye Diseases
Globally, blindness and vision impairment are a public health concern. Around 2.2 billion people have a near or distant vision impairment, of which at least 1 billion of these vision impairments are yet to be addressed or could have been prevented. Vision impairment and blindness are majorly caused due to cataracts and refractive errors. Vision impairment occurs when an eye health condition impacts the visual system and its vision functions. Vitamins A, C, and E are important for maintaining eye health. Vitamin B is also effective in some conditions. Vitamin deficiencies increase the risk of severe eye health conditions, such as cataracts, age-related macular degeneration, and glaucoma. Thus, the growing burden of eye diseases and available eye health supplements that effectively manage and reduce their risk fueling the market growth

Increasing Screen Time
The impact of the COVID-19 pandemic made people spend significant time on screens. Hours spent in front of the computer or mobile screen put lots of strain on the eyes, leading to severe eye conditions such as dryness, redness, bad eyesight, watery eyes, itchiness, and several other issues. Furthermore, with “Work from Home” becoming a major mainstream after the pandemic, people started spending hours in front of the screen, leading to high demand for eye care. At the same time, most leisure time is also centered around a mix of social media and streaming platforms. This extended/excessive screening has been associated with significant issues in physical, mental, and eye health. With the increasing screen time, the increased exposure to blue light demands better eye care for younger age. To avoid these consequences, people use eye care health supplements such as vitamins, minerals, and others to support eye health, thereby supporting the growth of the eye health supplements market.

Rising Geriatric Population with Eye Diseases
The prevalence of eye diseases has started increasing rapidly around 40 years of age. Furthermore, it increases even steeper, beginning at around 60. Specifically in low- and middle-income countries, the demand for eye health promotions and curative and rehabilitative services for the visually impaired geriatric population is significantly high. The possibility of the occurrence of ocular diseases increases at the age of 40.

SEGMENTATION INSIGHTS

INSIGHTS BY INGREDIENTS
The global eye health supplements market by ingredients is segmented into lutein & zeaxanthin, antioxidants, omega-3 fatty acids, and other ingredients. In 2023, the lutein & zeaxanthin segment held the most significant market share. These ingredients are considered the most effective ingredients in eye health management. Their efficacy, effectiveness, and safety make them more popular, and their demand for eye health supplements continuously increases. These ingredients are present in most of the eye health supplement products that are available globally.

INSIGHTS BY INDICATIONS
The age-related macular degeneration (AMD) indication segment dominated the global eye health supplements market share in 2023. AMD is the most common eye disease among the geriatric population. As the age increases, the severity and prevalence of AMD is increasing rapidly. It is one of the major eye diseases that has led to an increased prevalence of blindness and visual impairment globally. Eye health supplements for AMD are vital and generate the highest revenue for market growth. The eye health supplements that benefit AMD management include vitamin C, E, beta carotene, and others. Several eye health supplements are available on the market that can help slow the progression of AMD in specific cases. Conversely, the dry eye disease (DED) indication segment is expected to grow rapidly, with the highest CAGR in the eye health supplements industry during the forecast period.

INSIGHTS BY PRODUCT FORM
The global eye health supplements market by product form is segmented into capsules & softgels, tablets, powder & liquid, and other product forms. The capsules and soft gels segment accounted for around 37% of the market share in 2023 and dominated other segments during the forecast period. Capsules and soft gels are the most preferred formats in eye health supplements due to their ease of use and effectiveness in the targeted areas of dissolution. Also, for manufacturing purposes, capsules do not require coating, blinder disintegrants, or other aids. In short, capsules are a convenient way to supplement eye health nutrients with additional nutrients throughout the day. Furthermore, some new forms are becoming more popular and are expected to deliver new growth opportunities.

INSIGHTS BY DISTRIBUTION CHANNELS
The global eye health supplements market by distribution channels is segmented into pharmacies & drug stores, supermarkets & hypermarkets, e-commerce, and other distribution channels. In 2023, the pharmacies and drugstore segment held the most dominant market share. Pharmacies and drug stores are the primary healthcare and nutritional product sources for every patient/consumer. Most patients purchase their eye health supplements from pharmacies and drug stores during and after the eye care procedures as these distribution channels are primary sources; in such scenarios, the eye health supplements commonly prescribed by medical professionals are majorly sold at pharmacies or drug stores. Also, pharmacies form one of the major sales channels in developing markets. Most people consider pharmacies the first point of contact for healthcare solutions.

GEOGRAPHICAL ANALYSIS

North America accounted for the largest share of the global eye health supplements market in 2023, accounting for over 30% of the global market share. In North America, the growing aging population, rising screen time, and high awareness and concern about eye health due to modern lifestyles are accelerating the significant demand for eye health supplements. In North America, several leading market players' marketing and promotional activities are accelerating the demand for eye health supplements. Further, APAC is the second leading market and is expected to have the highest CAGR in the global eye health supplements market during the forecast period. Globally, the APAC is one of the leading geographies that contributes disproportionality to the world’s burden of eye diseases and vision impairment. Around two-thirds of patients with moderate to severe vision impairment compared to South, East, and Central Asia, even though the population of the APAC accounts for 51% of the global population. Furthermore, most of these vision impairments come from eye conditions that are yet to be addressed or could have been prevented. The factor behind this trend is the rapidly growing aging population across the region. Such factors have supported the market growth in the region during the forecast period.

VENDOR LANDSCAPE

The global eye health supplements market is growing and has witnessed significant competition among leading and emerging players. Amway, Bausch Health Companies, Nature’s Bounty, Vitabiotics, and ZeaVision are some of the major companies operating in the eye care industries and achieve significant market penetration, consumer base, and strong brand image. Amway is a global leader in the eye care industry, where Bausch Health Companies deliver high competition to Amway with an expanding geographical presence and product portfolio. Furthermore, emerging market players and local vendors are shifting towards natural health ingredient-based products that have gained popularity in eye health supplement industries. It again increases competition among leading and emerging vendors.

Frequently Asked Questions

How big is the eye health supplements market?

The global eye health supplements market size was valued at USD 2.22 billion in 2023 and is expected to reach USD 3.28 billion by 2029.

Which region dominates the global eye health supplements market share?

North America held the largest global eye health supplements market share, accounting for a share of over 30% in 2023.

What is the growth rate of the global eye health supplements market?

The global eye health supplements market is expected to grow at a CAGR of 6.70% from 2023 to 2029.

Who are the key players in the global eye health supplements market?

Amway Corp., Bausch Health Companies Inc., Vitabiotics Ltd., ZeaVision, LLC., and Nature’s Bounty are the key players in the global eye health supplements market.

What are the significant trends in the eye health supplements industry?

Increasing focus on eye health, the desire for new natural ingredient-based eye health supplements, and the introduction of new eye health supplements, formulations, and forms are significant trends in the eye health supplements industry.

The global eye health supplements market size is expected to grow at a CAGR of approximately 6.70% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global eye health supplements market during the forecast period:

  • Presence of Significant Burden of Eye Diseases
  • Increasing Screen Time
  • Rising Geriatric Population with Eye Diseases

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global eye health supplements market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • Amway Corp.
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Bausch Health Companies Inc.
  • Nature’s Bounty
  • Vitabiotics Ltd.
  • ZeaVision, LLC.

Other Prominent Vendors

  • Alcon
    • Business Overview
    • Product Offerings
  • Alliance Pharma PLC
  • Allied Biotech Corporation
  • BASF SE
  • Basic Brands Inc. (EyeScience)
  • Butterflies Healthcare Ltd
  • Cooper Aerobics
  • ENTOD INTERNATIONAL
  • Guardion Health Sciences
  • Kemin Industries
  • Herbalife International of America
  • Nutrivein
  • nuzena
  • NOW Foods
  • Nordic Naturals
  • Nutravita
  • Pfizer
  • Performance Lab
  • Setu
  • Theia Bio
  • The Synergy Company
  • The Himalayan Organics
  • Wellbeing Nutrition
  • Zenith Labs

Segmentation by Ingredients

  • Lutein & Zeaxanthin
  • Antioxidants
  • Omega-3 Fatty Acids
  • Other Ingredients

Segmentation by Indication

  • Age-related macular degeneration (AMD)
  • Cataract
  • Dry Eye Syndrome (DED)
  • Inflammation
  • Other Indications

Segmentation by Product Form

  • Capsules & Softgels
  • Tablets
  • Powder & Liquid
  • Other Product Forms

Segmentation by Distribution Channels

  • Pharmacies & Drug Stores
  • Supermarkets & Hypermarkets
  • E-commerce
  • Other Distribution Channels

Segmentation by Geography

  • North America
    • The U.S.
    • Canada
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
  • Europe
    • Germany
    • France
    • The U.K.
    • Russia
    • Italy
    • Spain
    • Poland
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • South Africa
    • Egypt

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Frequently Asked Questions

How big is the eye health supplements market?

The global eye health supplements market size was valued at USD 2.22 billion in 2023 and is expected to reach USD 3.28 billion by 2029.

Which region dominates the global eye health supplements market share?

North America held the largest global eye health supplements market share, accounting for a share of over 30% in 2023.

What is the growth rate of the global eye health supplements market?

The global eye health supplements market is expected to grow at a CAGR of 6.70% from 2023 to 2029.

Who are the key players in the global eye health supplements market?

Amway Corp., Bausch Health Companies Inc., Vitabiotics Ltd., ZeaVision, LLC., and Nature’s Bounty are the key players in the global eye health supplements market.

What are the significant trends in the eye health supplements industry?

Increasing focus on eye health, the desire for new natural ingredient-based eye health supplements, and the introduction of new eye health supplements, formulations, and forms are significant trends in the eye health supplements industry.