Eye Health Supplements Market Size, Share, Growth Analysis, By Ingredient Type, By Indication, By Formulation, By Region - Industry Forecast 2024-2031

Global Eye Health Supplements Market size was valued at USD 1.79 Billion in 2022 and is expected to grow from USD 1.9 Billion in 2023 to reach USD 3 Billion by 2031, at a CAGR of 5.9 % during the forecast period (2024-2031).

The Eye Health Supplements Market is experiencing significant growth driven by the increasing prevalence of vision impairment and myopia, particularly exacerbated by heightened screen time and remote work during the COVID-19 pandemic. High myopia raises the risk of developing progressive eye conditions like cataracts, glaucoma, and age-related macular degeneration, prompting a surge in demand for eye health products among both the elderly and millennials affected by digital eye strain. The market is further supported by rising incidences of conditions such as Age-related Macular Degeneration (AMD), dry eye syndrome, cataracts, and inflammation, with ophthalmologists advocating for supplements to prevent and manage these disorders. The World Health Organization estimates that 2.2 billion people globally suffer from vision impairment or blindness, with poorer regions facing higher rates compared to high-income countries. This disparity drives consumer spending on eye health supplements in developed nations, while increased availability of Lutein, Zeaxanthin, and bilberry extract supplements through direct sales and e-commerce channels also fuels market expansion. New product launches, such as Bausch + Lomb's PreserVision AREDS 2 Formula micro gel eye vitamins, cater to the substantial unmet need among the 1 billion people with untreated vision impairment, further propelling market growth. Additionally, a notable increase in online sales of eye health supplements, which surged by approximately 48.3% during the COVID-19 pandemic, highlights the robust sales and distribution networks supporting this market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Eye Health Supplements market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Eye Health Supplements Market Segmental Analysis

The global eye health supplements Market is segmented into ingredient type, indication, formulation and region. Based on ingredient type, the market is segmented into lutein and zeaxanthin, antioxidants, omega-3 fatty acids, coenzyme Q10, flavonoids, alpha-lipoic acid, astaxanthin, and others. Based on indication, the market is segmented into age-related macular degeneration (AMD), cataract, dry eye syndrome, inflammation, and others. Based on formulation, the market is segmented into tablets, capsules, powder, softgels, liquid and others. Based on region, the global Eye Health Supplements Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Eye Health Supplements Market

The Eye Health Supplements Market is experiencing significant growth due to the rising prevalence of eye-related disorders such as age-related macular degeneration (AMD), cataracts, and dry eye syndrome, driven by the increasing global aging population. This surge in eye conditions is expanding the demand for supplements that support eye health. Additionally, the market is being further fueled by the introduction of innovative products, exemplified by Healthy Directions' launch of Vision Essentials ULTRA, a groundbreaking one-a-day vision supplement in July 2022, and PharmaLinea's release of a range of preventative eye health supplements in user-friendly formats in May 2021.

Restraints in the Global Eye Health Supplements Market

The Eye Health Supplements Market faces significant restraints due to limited scientific evidence supporting their efficacy and long-term benefits, which may undermine consumer confidence and market acceptance. The market is also constrained by stringent regulatory guidelines, such as those imposed by the Food Safety and Standards Authority of India (FSSAI), which mandates that health supplements, including eye health products, adhere to specific Recommended Dietary Allowance (RDA) values. This regulatory pressure can limit market growth, particularly in emerging countries where high costs and limited availability further restrict market expansion. Additionally, the lack of robust clinical studies and standardized research methodologies contributes to market hesitation and slower adoption.

Market Trends of the Global Eye Health Supplements Market

The Eye Health Supplements Market is witnessing several notable trends driven by increasing consumer awareness and a proactive approach to eye care. As individuals become more informed about the importance of eye health and the prevention of age-related conditions, they are integrating eye health supplements into their wellness routines. There is also a rising preference for supplements made from natural and organic ingredients, with consumers seeking products free from synthetic additives and artificial components, prompting manufacturers to prioritize clean and transparent ingredient profiles. Additionally, the market is seeing a surge in supplements specifically formulated to address conditions such as age-related macular degeneration, cataracts, dry eye syndrome, and glaucoma, catering to targeted nutritional needs. Moreover, combination supplements, which blend vitamins, minerals, antioxidants, and other nutrients, are gaining popularity for their comprehensive support and convenience in addressing multiple nutritional requirements with a single product.