Eye Health Supplements Market Outlook and Strategic Insights by 2031

The eye health supplements market size is projected to reach US$ 3.06 billion by 2031 from US$ 1.88 billion in 2023. The market is expected to register a CAGR of 6.1% in 2023–2031.

Rise in lifestyle-induced diseases due to increased utilization of smartphones, laptops, and computers are likely to remain key eye health supplements market trends.

Eye Health Supplements Market Analysis

The increased usage of screens and participation in online discussions while working from home has increased the prevalence of myopia and vision impairment. The global eye health supplements market is being driven by the growing need for eye health products among the elderly and millennial generation, who are more likely to experience digital eye strain and myopia. An increase in the occurrence of various eye conditions, including inflammation, dry eye disease, cataracts, and age-related macular degeneration, are driving the growth of the market. Additionally, the intake of eye health supplement considerably improves eye vision and health, due to which ophthalmologists recommend eye health supplements to prevent and treat these conditions. The benefits of health supplements and their associated nutritional components to deal with eye conditions are projected to offer lucrative opportunities for the growth of the eye health supplements market.  

 Eye Health Supplements Market Overview

The eye health supplements include lutein & zeaxanthin, omega 3 fatty acids, vitamin A, gamma-linolenic acid, and others. These nutritional supplements help to enhance eye function, reduce the development of age-related eye diseases, and protect the eyes against harmful light. These supplements can be beneficial for a range of eye diseases, such as dry eye diseases, age-related macular degeneration, glaucoma, diabetic retinopathy, and cataracts. According to a study published by the Canadian Ophthalmological Society in 2020, around 1 million people in Canada suffer from age-related macular degeneration. Moreover, the aging population is poised to become one of the most significant factor with a heavy impact on the global social and economic level. According to data from Worldbank, the share of the geriatric population in Japan was about 28.4% in 2020. As per the National Statistical Office Elderly in India report of 2021, India's senior population aged 60 and above is estimated to reach 194 million by 2031 from 138 million in 2021, amounting to a 41% increase. The aging population is more susceptible to various ocular diseases; thus, ophthalmologists are recommending the use of eye health supplements for the prevention and treatment of these disorders, which in turn fuels the growth of the market. The rising geriatric population is expected to increase the demand for eye health supplements in the coming decade. 

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Eye Health Supplements Market: Strategic Insights

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Eye Health Supplements Market Drivers and Opportunities

Growing Prevalence of Eye Diseases to Drive the Market Growth

The growing prevalence of eye disorders and abnormalities is anticipated to drive the adoption of eye health supplements. Age-related macular degeneration, glaucoma, cataract, eye allergies, diabetic retinopathy, amblyopia, and strabismus are commonly observed eye disorders in global population. As per the National Glaucoma Research data, the number of people suffering from glaucoma is anticipated to rise from ~80 million in 2020 to ~111 million by 2040. Additionally, 50% of people having glaucoma are unaware of their condition, and 90% of glaucoma cases in developing nations go undiagnosed. It is also the prominent cause of irreversible blindness among the US population, and more than 3 million Americans have glaucoma, as per the Glaucoma Research Foundation.

According to the 2021 NCBI article titled “Global Prevalence of Diabetic Retinopathy and Projection of Burden through 2045,” the number of adults with diabetic retinopathy across the globe was ~103.12 million in 2020 and is expected to reach ~160.50 million by 2045. The intake of eye health supplements considerably improve the eye vision and health and certain nutritional components, such as vitamin A, vitamin B, vitamin C, vitamin D, Omega-3 essential fatty acids, lutein & zeaxanthin, and zinc, play a major role in improvement of eye health and vision. Thus, the high prevalence of eye conditions is anticipated to drive the demand and adoption of eye health supplements, thereby driving the market growth.

Rising Launch of Eye Health Supplements to Favor Market Growth

The market is anticipated to grow as more eye health supplements are introduced to address the unmet needs of patients with vision impairment worldwide. This is expected to boost sales of supplements for eye health even further in the future. For instance, Bausch + Lomb introduced PreserVision AREDS 2 Formula soft gels plus coenzyme Q10 (CoQ10) in the US market in 2023. Developed as a convenient two-in-one option, PreserVision AREDS 2 Formula eye vitamins plus CoQ10 is the only eye vitamin that combines the exact nutrient formula recommended by the National Eye Institute to help reduce the risk of moderate to advanced age-related macular degeneration progression in age-related macular degeneration patients with CoQ10 to support heart health.

Eye Health Supplements Market Report Segmentation Analysis

Key segments that contributed to the derivation of the eye health supplements market analysis are ingredient type, form, and indication.

• Based on ingredient type, the eye health supplements market is divided 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 market share in 2023. In addition, the flavonoids segment is anticipated to register the highest CAGR during the forecast period.
• By form, the market is segmented into tablet, capsule, and drops. The capsule segment held the largest share of the market in 2023 and is projected to register the highest CAGR during the forecast period.
• In terms of indication, the market is categorized into age-related macular degeneration, cataract, dry eye syndrome, and others. The age-related macular degeneration segment held the largest market share in 2023. In addition, the dry eye syndrome segment is anticipated to register the highest CAGR during the forecast period.

 Eye Health Supplements Market Share Analysis by Geography

The geographic scope of the eye health supplements market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the eye health supplements market. According to the National Health and Wellness Survey data published in 2020, 6.8% of the adult population was diagnosed with dry eye disease in the US. Due to the growing burden of eye diseases such as cataracts, glaucoma, diabetic retinopathy, and age-related macular degeneration, the increasing geriatric population, the growing product awareness, and the presence of significant market players in the region, North America accounted for the largest share in 2023. The growing adoption of dietary supplements and nutritional products, implementation of eye care and eye health programs, and market introduction of new products are the key factors contributing to the dominance of the North America eye health supplements market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.  

Eye Health Supplements Market News and Recent Developments

The eye health supplements market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for eye health supplements and strategies:

• In January 2023, Bausch + Lomb Corporation announced the US introduction of PreserVision AREDS 2 Formula mini soft gels with OCUSorb. Offering a proprietary composition of lutein and zeaxanthin, OCUSorb has been clinically shown to provide superior absorption of these nutrients into the body as compared to the original PreserVision AREDS 2 mini soft gel formula. (Source: Bausch + Lomb Corporation, Press Release, 2023)

Eye Health Supplements Market Regional Insights

The regional trends and factors influencing the Eye Health Supplements Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Eye Health Supplements Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Eye Health Supplements Market Report Scope

Eye Health Supplements Market Players Density: Understanding Its Impact on Business Dynamics

The Eye Health Supplements Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Eye Health Supplements Market are:

1. Nordic Naturals
2. Herbalife Nutrition Ltd
3. The Nature's Bounty Co
4. AMWAY
5. Pfizer Inc.
6. Alcon Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Eye Health Supplements Market Report Coverage and Deliverables

The “Eye Health Supplements Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles