Eye Health Ingredients Market Size | Global Industry Analysis and Forecast Till 2028

2022-04-26 07:37:16 UTC | Food & Beverages
Eye Health Ingredients Market Size | Global Industry Analysis and Forecast Till 2028

Eye Health Ingredients Market Toxic impurities in contact with the eyes cause adverse effects on eyesight leading to unhealthy vision. Antioxidants such as Lutein and Zeaxanthin of the carotenoid family are some of the eye health ingredients. The use of antioxidants as eye health ingredients is expected to grow steadily over the forecast period. An increase in the number of eye health supplements is also projected to enhance the growth of the eye health ingredients market during the forecast period. In addition, protection from UV radiation, elimination of free radicals, the need for powerful vision, and high demand for vision sustenance are some of the prominent factors driving the eye health ingredients market.

Eye Health Ingredients Market size is projected to reach USD 343.96 Million units by 2027 from an estimated USD 227.25 Million units in 2019, growing at a CAGR of 6.1% globally.

Rising demand from the medical and food industries owing to its high efficiency with less concentration will propel the zeaxanthin market growth. Adequate zeaxanthin consumption through supplements is highly beneficial as it is not naturally produced in the human body. The product consumption is comparatively found less than lutein due to its superior effectiveness with smaller dosages. Increasing zeaxanthin production particularly in the U.S. and Japan to meet rising demand will support the market growth.

The Major Players In The Eye Health Ingredients Market Market Include:

Allied Biotech Corporation (Taiwan), Efamol, MacuShield, BASF SE (Germany),(U.S.), AIDP Inc. (U.S.), BI Nutraceuticals (U.S.), BLUE CALIFORNIA (U.S.), Amway, DSM (The Netherlands), Alcon, Solgar, Swanson, FMC Corporation, and others

The market has segmented the global Eye Health Ingredients Market on the basis of type, application, and region:

The Eye Health Ingredients Market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

 Beta Carotene, Vitamin A, Lutein, Zeaxanthin, Bilberry Extracts, Astaxanthin, And Others

 By Application:

 Human, Animal

 By Regional Outlook

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Eye Health Ingredients Market has experienced slow down growth, however, the market is expected to bounce back as restrictions are being lifted up by governments across the globe. 

Eye Health Ingredients Market: Key Developments

·         In June 2018, Bausch & Lomb Incorporated introduced an Counite Blue light Eye Vitamin, which is a nutritional supplement formulated by using the Zeaxanthin and Lutein, the carotenoid pigments which are naturally occurring in the eyes. The formulation of these nutrients is comprised up of high levels of Lutein and helps in the protection of the eyes from the blue light which reaches the macula.

·         In July 2016, Nestle Taiwan launched an upgraded Nestle Good Health Nutrition product for eye health among the middle-aged population, particularly for those who spend several hours a day using smartphones.

·         In February 2016, Waitaki Biosciences, one of the key manufacturers of natural nutritional products, launched “Cassi Pure”, anthocyanin-rich blackcurrant extracts for eye health and immune support.

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