PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399730
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399730
Eye Health Ingredients Market is expected to register a 7.5% CAGR during 2023-2032, driven by rising consumer awareness, innovations in ingredient formulations, and rising incidence of eye conditions.
According to a report published by WHO in 2023, globally, over 2.2 billion people experience either near or distance vision impairment, with preventable or unaddressed cases affecting at least 1 billion individuals. As more individuals grapple with eye health issues, there is a growing awareness and recognition of the pivotal role that targeted ingredients play in promoting and maintaining ocular well-being. Moreover, the imperative need for solutions tailored to address specific eye health issues has further propelled the product demand.
The overall eye health ingredients industry is classified based on source, ingredient, end-use, form disease indication and region.
Beta carotene ingredient segment is anticipated to witness substantial demand through 2032 fuelled by its antioxidant properties and the ability to convert vitamin A in the body thereby promoting healthy vision. Moreover, as an essential precursor to retinol, beta carotene contributes to the maintenance of eye tissues and the prevention of age-related macular degeneration.
The animal end-use segment is poised for robust growth through 2032, driven by the growing recognition of pet health and the pivotal role of nutrition in sustaining their vision. The seamless integration of eye health ingredients into pet foods and supplements is anticipated to fuel a surge in specialized products, catering to the evolving needs of companion animals. Additionally, the rise of consumer awareness about the overall well-being of pets, including eye health, is expected to propel the product demand.
North America eye health ingredients industry share is expected to register swift gains during 2023-2032 driven by the region's health-conscious consumer base, advanced healthcare infrastructure, and increasing adoption of preventive health measures. As consumers in North America prioritize eye health and embrace nutritional supplements, the regional market will further expand.