Global Eye Health Supplements Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Eye Health Supplements Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global eye health supplements market has been segmented on the basis of ingredient type, indication, formulation, as well as regions and countries.
An eye health supplement is a manufactured product intended to supplement the general health of an individual’s eyes, and can be consumed as a pill, tablet, liquid, or capsule. These supplements can provide essential nutrients either extracted from food sources or synthetically.
The increasing prevalence of individuals suffering for myopic and other visual impairment disorders is a primary factor that is expected to continue to fuel the revenue growth of the global eye health supplements market over the next 10 years. Moreover, as a direct result of the COVID-19 outbreak, a growing number of individuals across the world have been spending a greater amount of time in front of bright screens for the purposes of virtual meetings or otherwise. This is also a factor that is anticipated to boost the market growth of this global market in the foreseeable future.
Furthermore, the increase in healthcare expenditures owing to higher individual disposable incomes across the world is also a factor that is slated to have a profound impact on the revenue growth of the global eye health supplements market in the coming years.
In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global eye health supplements industry is no different, and this factor is expected to negatively impact the revenue growth of this sector in the near future.
Nonetheless, increasing investments being made by key industry players towards the development of improved products, as well as the increase in strategic mergers & acquisitions among key industry players are other factors that are anticipated to further augment the revenue growth of the global eye health supplements over the next decade.
Segmentation of the global eye health supplements market is as follows:
In terms of ingredient type, the Lutein & Zeaxanthin segment accounted for the maximum number of revenue shares of the global eye health supplements market in 2020, and is expected to index a high CAGR over the next decade. This can be attributed to the growing awareness concerning the benefits of using these products to prevent and effectively treat several eye disorders. However, the flavonoids segment is slated to index a significantly high CAGR over the forecast period.
On the basis of formulation, the tablets segment accounted for the highest number of revenue shares of the global eye health supplements market in 2020, and is expected to index considerable revenue growth over the course of the forecast period. This can be attributed to the high availability of these products in varying forms. However, the softgels segment is slated to register a significantly high CAGR over the next decade.
With regards to indication, the Age-related Macular Degeneration (AMD) segment accounted for the maximum number of revenue shares of the global eye health supplements market in 2020, and is anticipated to index considerable revenue growth in the near future. However, the dry eye syndrome segment is slated to register a significant rate of revenue growth over the next 10 years.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global eye health supplements market in 2020, and is slated to register considerable revenue growth in the coming years. The markets in the Asia Pacific region are anticipated to register a high CAGR in the foreseeable future.
Segmentation of the Global Eye Health Supplements Market:
Segmentation by Ingredient Type:
- Lutein and Zeaxanthin
- Omega-3 Fatty acids
- Coenzyme Q10
- Alpha-Lipoic Acid
- Other Supplements
Segmentation by Indication:
- Age-related Macular Degeneration (AMD)
- Dry Eye Syndrome
Segmentation by Formulation:
Segmentation by Regions:
- North America
- South America
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- The Nature's Bounty Co.
- Vitabiotics Ltd.
- Pfizer Inc.
- Amway International
- Bausch & Lomb
- ZeaVision LLC
- Kemin Industries Inc.
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