Eye Health Ingredients Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for eye care ingredients is valued at $ 398,893,797,600 in 2023, and is expected to increase steadily to this value by 2032, with a CAGR of 7.8 % over the forecast period. In spite of the varying demand, the market is expected to remain stable, as the demand for eye care products is increasing due to the increasing awareness of eye health and the growing prevalence of vision-related disorders. There are several factors that will drive the growth of this market, such as the development of nutritional science and the development of new products for eye care, which will meet the needs of a large number of consumers with preventive health care needs. The use of technology to enhance the efficacy of the active ingredients in the formulations, such as the use of artificial intelligence, will also contribute to the growth of the market. The leading companies, such as Bausch & Lomb, Alcon, and Herbalife, are actively engaged in strategic initiatives, such as the establishment of strategic alliances and the launch of new products. Strategic alliances between suppliers and health-conscious brands have resulted in the launch of new products that combine the use of traditional ingredients with modern health insights.

Regional Market Size

Regional Deep Dive

The eye health ingredients market is registering significant growth in various regions, driven by the rising prevalence of vision-related disorders and a growing geriatric population. In North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, the eye health ingredients market is influenced by the unique cultural and regulatory trends, and economic conditions. Each region has its own opportunities and challenges. The innovation in the product formulations and delivery systems is also expected to have an impact on the eye health ingredients market.

Europe

• The European Food Safety Authority (EFSA) has established new guidelines for health claims related to eye health ingredients, which is expected to enhance consumer trust and drive market growth.
• Innovative product launches, such as eye health gummies and fortified beverages, are becoming increasingly popular in Europe, catering to a younger demographic that prioritizes convenience and health.

Asia Pacific

• The rise of digital eye strain due to increased screen time has led to a surge in demand for eye health supplements, with companies like Herbalife and Amway expanding their product lines to include eye health ingredients.
• Government initiatives in countries like Japan and South Korea are promoting awareness of eye health, leading to increased consumer spending on preventive health products.

Latin America

• The increasing prevalence of diabetes in Latin America is driving demand for eye health ingredients, as consumers become more aware of the link between diabetes and eye health.
• Local governments are implementing health campaigns to educate the public about the importance of eye health, which is expected to boost market growth in the region.

North America

• The FDA has recently approved several new dietary supplements containing eye health ingredients, such as lutein and zeaxanthin, which are gaining popularity among consumers seeking preventive health solutions.
• Key players like Bausch + Lomb and Alcon are investing in research and development to create advanced formulations that enhance eye health, reflecting a trend towards personalized nutrition in the eye care sector.

Middle East And Africa

• In the MEA region, there is a growing trend towards natural and organic eye health ingredients, driven by cultural preferences for holistic health solutions.
• Local companies are collaborating with international firms to enhance product offerings, such as the partnership between South African firms and global suppliers to develop region-specific eye health supplements.

Did You Know?

“Approximately 2.7 billion people worldwide are affected by vision impairment, highlighting the critical need for effective eye health ingredients.” — World Health Organization (WHO)

Segmental Market Size

The Eye Health Market is experiencing steady growth, mainly driven by the increasing awareness of eye health and the growing prevalence of vision-related issues. This market is mainly driven by the growing trend of preventive medicine, where consumers are actively seeking out supplements to maintain eye health. The regulatory policies requiring transparency in the sourcing of ingredients are also driving the market. At present, the market is in a mature stage of development, with the leading companies being Bausch & Lomb and DSM. The main products in this market are dietary supplements, foods, and beverages enriched with lutein and zeaxanthin, which are known to have blue light protection properties. These are mainly aimed at reducing digital eye strain due to prolonged screen time. Also, the use of advanced extraction methods and bioavailability enhancement methods will help ensure that the products are safe and effective.

Future Outlook

The Eye Health Market is expected to show a CAGR of 7.8% from 2023 to 2032. This growth trend will lift the market value from $398.89 million in 2023 to $398.89 million in 2032. The growing prevalence of eye disorders, owing to the aging population and the increasing usage of digital devices, is expected to fuel the demand for eye health supplements and ingredients. Awareness about the importance of eye health is also increasing, which will increase the penetration of eye health products in the coming decade. Also, the development of new formulations and delivery systems will play a crucial role in shaping the market landscape. Lutein, zeaxanthin, and omega-3 fatty acids, which have been shown to support eye health, will witness a significant uptake in the near future. The regulatory support and the favorable policies for dietary supplements will also push the market growth. Eye health ingredients are also finding their way into food and beverages. The growing trend of integrating eye health ingredients in food and beverages will also offer new opportunities for the market players. Moreover, the market is expected to become mature in the coming years. The companies that take advantage of these trends and invest in research and development will be able to capture a larger share of the growing market.