Selbyville, Delaware, Nov. 23, 2020 (GLOBE NEWSWIRE) -- As per credible estimations, global eye health supplements market accounted for USD 1.5 billion in the year 2019 and is projected to register a robust CAGR of 6% during 2020-2027.
The outbreak of Covid-19 pandemic has plunged the global economy, curbing industry expansion and revenue generation by disrupting the overall supply chain. The comprehensive study aims to respond to all the client interrogations and suggest strategies for stakeholders to adapt to the market uncertainties. Furthermore, the report offers a holistic investigation of leading industry players alongside their manufacturing capabilities, product offerings, and profit stake.
Industry experts claim that emergence of innovative eye supplements, increasing investments in the healthcare sector for the development of enhanced eye care supplements, and rising adoption of the products by ophthalmologists are augmenting the growth of global eye health supplements industry.
Additionally, growing geriatric population, high prevalence of ophthalmic diseases, establishment of new brands for eye health supplements, and rising investments by private and public organizations are further fueling the market growth.
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Citing an instance, as per the WHO (World Health Organization), as of October 2019, approximately 2.2 billion individuals were affected by vision impairment ailments, out of which around 1 billion had preventable conditions.
Escalating product demand due to surging vision-related complications coupled with beneficial attributes of supplements such as enhanced vision and prevention of chronic eye diseases are stimulating the global eye health supplements market outlook. On the contrary, high costs associated with the supplements is expected to hamper the industry expansion throughout the analysis timeframe.
Outlining market segmentations:
Based on ingredient type, global eye health supplements industry is bifurcated into coenzyme Q10, flavonoids, omega-3 fatty acids, antioxidants, lutein & zeaxanthin, and others. With regards to indication type, the market is divided into inflammation, dry eye syndrome, cataract, AMD (age-related macular degeneration), and others. Elaborating on formulation type, the industry classified into liquid, soft gels, powder, capsules, and tablets.
Regional outlook
From a regional point of view, global eye health supplements market is fragmented into Latin America, Asia-Pacific, Europe, North America, and rest of the world. The country-level bifurcation of the market comprises of Brazil, Mexico, China, India, Japan, South Korea, Australia, rest of APAC, Italy, Spain, France, Germany, United Kingdom, rest of Europe, Canada, and U.S.
North America accounts for a majority of global eye health supplements market share and is anticipated to show similar growth trends through 2027. Factors such as growing awareness regarding vision-related ailments, high concentration of industry vendors, and rising prevalence of chronic eye diseases are fostering the expansion of NA market.
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Alternatively, Asia-Pacific eye health supplements market size is predicted to exhibit the highest CAGR over 2020-2027, owing to rising geriatric population in India and China along with increasing prevalence of ophthalmic disorders such as presbyopia and myopia.
Global Eye Health Supplements Market Ingredient Type Sub-segments (Revenue, USD Billion, 2017-2027)
- Coenzyme Q10
- Flavonoids
- Omega-3 fatty acids
- Antioxidants
- Lutein & Zeaxanthin
- Others
Global Eye Health Supplements Market Indication Type Sub-segments (Revenue, USD Billion, 2017-2027)
- Inflammation
- Dry Eye Syndrome
- Cataract
- Age-related Macular Degeneration (AMD)
- Others
Global Eye Health Supplements Market Formulation Type Sub-segments (Revenue, USD Billion, 2017-2027)
- Liquid
- Softgel
- Powder
- Capsules
- Tablets
Global Eye Health Supplements Market Regional Analysis (Revenue, USD Billion, 2017-2027)
North America
- Canada
- U.S.
Europe
- Italy
- Spain
- France
- Germany
- United Kingdom
- Rest of Europe
Asia-Pacific
- South Korea
- Australia
- Japan
- India
- China
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the world
Global Eye Health Supplements Market Competitive Landscape (Revenue, USD Billion, 2017-2027)
- NutraChamps
- EyeScience Labs LLC
- Kemin Industries, Inc.
- ZeaVision LLC
- Nutrivein
- Bausch + Lomb
- Amway International, Inc.
- Nature's Bounty Co.
- Pfizer Inc.
- Vitabiotics Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Eye Health Supplements Market, by Region, 2018-2027 (USD Billion)
1.2.2. Eye Health Supplements Market, by Ingredient Type, 2018-2027 (USD Billion)
1.2.3. Eye Health Supplements Market, by Indication, 2018-2027 (USD Billion)
1.2.4. Eye Health Supplements Market, by Formulation, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Eye Health Supplements Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Eye Health Supplements Market Dynamics
3.1. Eye Health Supplements Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Eye Health Supplements Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Eye Health Supplements Market, by Ingredient Type
5.1. Market Snapshot
5.2. Global Eye Health Supplements Market by Ingredient Type, Performance - Potential Analysis
5.3. Global Eye Health Supplements Market Estimates & Forecasts by Ingredient Type 2017-2027 (USD Billion)
5.4. Eye Health Supplements Market, Sub Segment Analysis
5.4.1. Lutein and Zeaxanthin
5.4.2. Antioxidants
5.4.3. Omega-3 Fatty acids
5.4.4. Flavonoids
5.4.5. Coenzyme Q10
5.4.6. Others
Chapter 6. Global Eye Health Supplements Market, by Indication
6.1. Market Snapshot
6.2. Global Eye Health Supplements Market by Indication, Performance - Potential Analysis
6.3. Global Eye Health Supplements Market Estimates & Forecasts by Indication 2017-2027 (USD Billion)
6.4. Eye Health Supplements Market, Sub Segment Analysis
6.4.1. Age-related Macular Degeneration (AMD)
6.4.2. Cataract
6.4.3. Dry Eye Syndrome
6.4.4. Inflammation
6.4.5. Others
Chapter 7. Global Eye Health Supplements Market, by Formulation
7.1. Market Snapshot
7.2. Global Eye Health Supplements Market by Formulation - Potential Analysis
7.3. Global Eye Health Supplements Market Estimates & Forecasts by Formulation 2017-2027 (USD Billion)
7.4. Eye Health Supplements Market, Sub Segment Analysis
7.4.1. Tablets
7.4.2. Capsules
7.4.3. Powder
7.4.4. Softgels
7.4.5. Liquid
Chapter 8. Global Eye Health Supplements Market, Regional Analysis
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