The global eye health ingredients market size was worth around USD 1742.53 million in 2023 and is predicted to grow to around USD 2,894.35 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.80% between 2024 and 2032.
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Market Overview for Eye Health Ingredients
Various antioxidants, including astaxanthin, beta-carotene, lutein, and zeaxanthin, are included in eye health constituents. Individuals experience adverse effects on their eyesight as a result of evolving lifestyles and elevated work demands. The demand for eye health ingredients has increased due to the rise in eye-related conditions, such as glaucoma, cataracts, and diabetic retinopathy. These ingredients are a wholesome source of vision and aid in the prevention of eye-related diseases. The product penetration is on the rise due to its ability to shield the eyes from ultraviolet radiation. The eye health ingredients market will be primarily driven by the increasing awareness of eye health ingredients.
The global eye health ingredients market is primarily driven by the increasing prevalence of eye disorders. The World Health Organization (WHO) estimates that approximately 250 million individuals worldwide experienced vision impairment in 2017. Of these, 35 million were blind and had moderate to severe vision impairment. The prolonged use of smartphones and computers has led to an increase in the prevalence of computer vision syndrome (CVS), which is the result of prolonged visual attention to a computer or other display device. The eye health ingredients market is also being driven by the necessity to maintain correct eyesight. Furthermore, the aged population’s enhancement in product demand is the primary factor driving the ocular ingredients market. Nevertheless, the ocular health ingredients market may be restricted in the future due to the fact that individuals cease using them after experiencing minimal improvement.
The study encompasses the drivers and restraints of the eye health ingredients market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the eye health ingredients market.
We have incorporated a competitive landscape and an analysis of Porter’s Five Forces model for the eye health ingredients market to provide consumers with a comprehensive understanding of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
The report offers a comprehensive analysis of the market share of the major participants in order to provide a more comprehensive understanding of the industry. Furthermore, the report addresses the major strategic developments of the market, such as acquisitions and mergers, new launches, agreements, partnerships, collaborations and joint ventures, research and development, and regional expansion of major participants on a global and regional scale.
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The Global Eye Health Ingredients Market is segmented based on product, application and region
Global Eye Health Ingredients Market: Product Segment Analysis
● Natural
● Synthetic
Global Eye Health Ingredients Market: Application Segment Analysis
● Human
● Animal
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The Global Eye Health Ingredients market profiles key players such as:
● Bausch & Lomb
● FMC Corporation
● BASF
● DSM
● MacuShield
● Allied Biotech
● Amway
● Alcon
● Efamol
● Solgar
● Swanson
Regional Perspectives on the Eye Health Ingredients Market
The current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is encompassed in the regional segment.
The eye health ingredients market is anticipated to be dominated by North America in the future, as a result of the growing number of cases of eye health issues such as limited vision and blindness, as well as the rising expenditure and concerns associated with healthcare. The global eye health ingredients market is anticipated to experience substantial growth in Europe and the Asia Pacific region due to the ever-growing population base and the numerous technological advancements and innovations made by key manufacturers.
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