Eye Health Supplements Market In-Depth Analysis 2017-2024

Global Market Study
on Eye Health
Supplements: High
Incidence of Cataract Across the Globe Projected to Positively
Impact the Eye Health Supplements Market Between 2016 and 2024
Extreme exposure to toxic materials and hectic lifestyle have severe effects on
human eyesight, thereby, compelling people to maintain eye health. The
growing importance of having perfect 20/20” eyesight is fueling the demand for
eye care and eye health supplements. Macular degeneration, increasing
prevalence of cataracts, glaucoma and several other eye disorders is driving the
growth of the global market for eye health supplements.
Eye specialists recommend regular consumption of eye health supplements for
visually-impaired people in order to retain the remainder percentage of vision.
As per the recent data released by Persistence Market Research (PMR) eye
health supplements over US$ 2.85 Billion is expected to sold worldwide over
2024-end.
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Key factors influencing the global eye health supplements market include:
• In 2017 and beyond, product recalls and stringent regulatory norms are
expected to impede the market, however, increasing focus on product line
expansion that is clinically approved is benefiting manufacturers in achieving
their market aspirations.
• The consumption of medical supplement has grown higher in recent times
owing to increasing sense of self-reliance amongst buyers. These supplements
were previously taken only under expert supervision.
• Novelty in eye health products and supplements are further supporting the
market growth and are being highlighted as preventive medications. Demand
for such production has gained traction due to their efficiency in preventing
ocular ailments.
• The widespread availability of raw materials is translating into
manufacturing of cost-effective eye health supplements. Some of the
manufacturers are also using multiple distribution channels in order to offer
doorstep delivery services.
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PMR in its latest outlook on the global market for eye health supplements has
profiled some of the leading manufacturers and suppliers of eye health
supplements including Valeant Pharmaceuticals International Inc., Amway
Corp., The Nature’s Bounty Co., Vitabiotics Ltd., Alliance Pharma, Novartis
AG, and Pfizer Inc. Most of these players are spanned across Europe and North
America making these regions highly significant to the overall development of
the market. According to the projection, the market in North America will
continue its dominance, accounting for over 30% share in revenues by the end
of forecast period. Whereas, Europe is set to witness as robust CAGR of 6.3%
of its market. Meanwhile, the market in Asia Pacific excluding Japan (APAC)
will exhibit a more than 6% CAGR over 2024.
As per PMR’s report, demand for lutein & zeaxanthin and antioxidants based
eye health supplements will be relatively higher during the forecast period. In
addition, eye health supplements formulated with these ingredients are expected
to account for over 60% share of the market. Demand for eye health
supplements particularly for treating age-induced macular degeneration will be
notably high, which is projected to account more than 50% of the market.
Moreover, preference of prefer tablet supplements is expected to be more
amongst consumers as compared to capsules. In 2016, tablet supplements worth
US$ 587 Million were sold globally.
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