Eye Health Ingredients Market Is Expected To Reach Around USD 2.34 Billion by 2028
Zion Market Research has published a new report titled “Eye Health Ingredients Market By Source (Natural and Synthetic), By Ingredient (Lutein, Zeaxanthin, Beta Carotene, Vitamin A, Bilberry Extracts, and Others), By Form (Soft Gel, Capsule, & Tablets, Liquid, and Powder), By Application (Human and Animal), and By Disease Indication (Age-Related Macular Degeneration, Cataract, Dry Eye Syndrome, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast.
According to the report, the global eye health ingredients market was valued at USD 1.48 Billion in 2020 and is projected to reach USD 2.34 Billion by 2028, growing at a CAGR of 5.90% from 2021 to 2028.
The growing awareness about eye health ingredient is will primarily fuel the eye health ingredients market. The major growth driver of the eye health ingredients market is the increasing incidences of eye problems globally. Pollutant exposure can have severe eye-related adverse effects, leading to increasing awareness regarding the significance of eye-related disorders prevention. This has required the “20/20” eyesight to be maintained, thus boosting this market. According to the WHO, about half of all 65-year-old Americans had some degree of cataract formation in their eyes, while the percentage was higher among 70-year-olds in 2016. The WHO estimates around 2 million people across the world are expected to cross 60 years of age by 2050, which has tripled since 2000. This is expected to lead to an increased demand for eye health ingredients.
The eye health ingredients market is classified based on source, ingredient, form, application, and disease indication. By source, the market includes natural and synthetic sources. Synthetic source holds the dominant market share, due to its highly beneficial factors and low processing costs.
On the basis of ingredient, the market is classified into vitamin A, Lutein, beta-carotene, bilberry extracts, Zeaxanthin, and others. Lutein and zeaxanthin are mainly used ingredients for eye health ingredients. The increasing prospective use in formulated supplementary food and formula products for infants will drive the lutein segment. As a basis of anthocyanins, omega-3 fatty acids, and minerals, such as selenium and zinc, they are generally combined with other useful health elements like antioxidant vitamins A, E, C, B (B6 & 12), and blueberry extracts.
Based on form, the market includes powder, liquid, and soft gel, capsules, and tablets. Due to ease of consumption and reduction of potential stomach upset characteristics, soft gel, capsules, and tablets are predominantly preferred over other forms.
The application segment is divided into human and animal. The animal segment is anticipated to show significant growth in the future, owing to the increasing issues in animal vision.
On the basis of disease indication, the eye health ingredients market comprises cataract, dry eye syndrome, age-related macular degeneration, and others. Macular degeneration accounted for a major market share in 2018.
North America is expected to hold the largest share of the eye health ingredients market in the future, owing to the increasing concerns and expenditure related to healthcare and rising cases of eyesight problems like blindness and low vision. Europe and the Asia Pacific are expected to grow significantly in the eye health ingredients market globally, owing to various innovations and advancements in technology by key manufacturers and the ever-increasing population base.
Some key players in the eye health ingredients market are -
- Bausch & Lomb
- FMC Corporation
- BASF
- DSM
- MacuShield
- Allied Biotech
- Amway
- Alcon
- Efamol
- Solgar
- Swanson.
This report segments the global eye health ingredients market into:
Global Eye Health Ingredients Market: Source Analysis
- Natural
- Synthetic
Global Eye Health Ingredients Market: Ingredient Analysis
- Lutein
- Zeaxanthin
- Beta Carotene
- Vitamin A
- Bilberry Extracts
- Others (Capsanthin, Annatto, and Omega-3)
Global Eye Health Ingredients Market: Form Analysis
- Soft Gel, Capsule, and Tablets
- Liquid
- Powder
Global Eye Health Ingredients Market: Application Analysis
- Human
- Animal
Global Eye Health Ingredients Market: Disease Indication Analysis
- Age-Related Macular Degeneration
- Cataract
- Dry Eye Syndrome
- Others
Global Eye Health Ingredients Market: Regional Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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