Report : Eye Health Supplements Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Ingredient Type (Lutein and Zeaxanthin, Antioxidants, Omega-3 Fatty Acids, Coenzyme Q10, Flavonoids, Astaxanthin, Alpha-Lipoic Acid, and Others), Indication (Age-Related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, and Others), Form (Tablet, Capsule, and Drops), and Geography
Flavonoids Market to Grow at Highest CAGR During 2020–2027
According to our latest study on "Eye Health Supplements Market Forecast to 2027 - COVID-19 Impact and Analysis by Ingredient Type, Indication, and Form," the market was valued at US$ 1,572.33 million in 2019 and is projected to reach US$ 2,382.96 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027. The report highlights trends prevailing in the global eye health supplements market, and the drivers and restraints pertaining to the market growth.
The global eye health supplements market, by ingredient type, is segmented into lutein and zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, astaxanthin, alpha-lipoic acid, and others. The lutein and zeaxanthin segment held the largest share of the market in 2019. This growth is ascribed to the increasing applications of lutein and zeaxanthin to reduce the risk of age-related macular degeneration and other eye disorders. However, the flavonoids segment is estimated to register the highest CAGR during the forecast period. This growth is attributed to increasing demand of antioxidants in eye health supplements.
The COVID-19 pandemic has increased the global demand for various supplements. Despite the growing demand for health supplements such as eye health, vitamin, and mineral products. However, there is a shortage of ingredients used in supplements due to difficulty in sourcing ingredients and interruptions happening in the global supply chain operations.
The growth of the eye health supplements market is attributed to factors such as rising prevalence of eye diseases and increasing number of geriatric population. However, the high cost of supplements and lack of product availability in emerging countries are restraining the growth of this market. Nordic Naturals, Herbalife Nutrition Ltd., The Nature's Bounty Co., AMWAY, Pfizer Inc., Alcon Inc., Bausch Health Companies Inc., Vitabiotics Ltd., Alliance Pharma PLC., and Allergan plc are among the leading companies operating in the global eye health supplements market.
The report segments global eye health supplements market as follows:
By Ingredient Type