Middle East and Africa Eye Health Supplement Market to Grow at a CAGR of 4.4% to reach US$ 145.60 Million from 2020 to 2027

The Middle East and Africa Eye Health Supplement market is expected to reach US$ 145.60 million by 2027 from US$ 104.34 million in 2019; it is anticipated to grow at a CAGR of 4.4% during 2019–2027.

The key factors driving the market growth are increasing emphasis preventive care, considerable rise in eye diseases, and aging population. In addition, growing adoption dietary supplements and nutritional products is also expected to drive the market growth by 2027. However, high costs associated to Eye Health Supplement and limited availability of product in Middle East and Africa Eye Health Supplement market is the major factor hindering the market growth in Middle East and Africa. 

Eye supplements are nutritional products which care recommended to maintain eye health and good vision. The eye health supplements prominently comprises vitamin A, lutein & Zeaxanthin, omega 3 fatty acids, gamma-linoleic acid, and others. These nutritional supplements helps to sustain eye function, reduce the development of age-related eye diseases, and protect eyes against harmful light. Eye health supplements can be useful over range of eye diseases such as dry eye, age-related macular degeneration, glaucoma, diabetic retinopathy, and cataracts amongst others. Increasing prevalence of eye diseases coupled with aging population is likely to drive the growth of the eye health supplement market during the forecast period.

Growing prevalence of eye disorders and abnormalities is anticipated to drive the adoption of eye health supplements, which would eventually drive the eye health supplements market during the forecast period. For instance, according to the study in 2019, “Prevalence and Determinants of Dry Eye Disease among 40 Years and Older Population”, published by the Middle East African Journal of Ophthalmology, the prevalence of dry eye syndrom, was 35%. In addition, the prevalence of blindness among the population aged 50 years and older in Saudi Arabia was 3.3%, prevalence of glaucoma was 5.8%  according to study reported by Middle East Journal of Family Medicines in December 2019. Cataract is the major cause of blindness in more than 50% population and more than 20% of visual impairment cases were due to age related eye diseases.

Herbalife Nutrition Ltd., Alcon Inc., Bausch Health Companies Inc. are among the major companies in Eye Health Supplement market.

COVID-19 pandemic has become the most significant challenge across the Middle East and Africa region. This challenge will be frightening the countries across the region as it will lead to reducing imports due to disruptions in global trade, which further increases the shortages of eye health supplements, resulting in a considerable price increase. Manufacturers are also experiencing raised prices and potential shortages of raw ingredients due to supply restrictions.

South Africa Eye Health Supplement Market, Revenue and Forecast to 2027 (US$ Mn)

MIDDLE EAST AND AFRICA EYE HEALTH SUPPLEMENT MARKET SEGMENTATION

MIDDLE EAST AND AFRICA EYE HEALTH SUPPLEMENT MARKET SEGMENTATION

By Ingredient Type

• Lutein and Zeaxanthin
• Antioxidants
• Omega-3 fatty acids
• Coenzyme Q10
• Flavonoids
• Astaxanthin
• Alpha-Lipoic acid
• Others

By Indication

• Age-related macular degeneration (AMD)
• Cataract
• Dry eye syndrome
• Others

By Forms

• Tablet
• Capsule
• Drops

By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of the Middle East and Africa

Company Profiles

• Nordic Naturals
• Herbalife Nutrition Ltd.
• The Nature's Bounty Co
• AMWAY
• Pfizer Inc.
• Alcon Inc.
• Bausch Health Companies Inc.
• Alliance Pharma PLC
• Allergan Plc.

Middle East and Africa Eye Health Supplement Report Scope