New York, NY, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Eye Health Ingredients Market By Source (Natural and Synthetic), By Ingredient (Lutein, Zeaxanthin, Beta Carotene, Vitamin A, Bilberry Extracts, and Others), By Form (Soft Gel, Capsule, & Tablets, Liquid, and Powder), By Application (Human and Animal), and By Disease Indication (Age-Related Macular Degeneration, Cataract, Dry Eye Syndrome, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global eye health ingredients market was USD 205 million in 2018 and is expected to generate around USD 311 million by 2025, at a CAGR of around 6.2% between 2019 and 2025.
The growing awareness about eye health ingredient is will primarily fuel the eye health ingredients market. The major growth driver of the eye health ingredients market is the increasing incidences of eye problems globally. Pollutant exposure can have severe eye-related adverse effects, leading to increasing awareness regarding the significance of eye-related disorders prevention. This has required the "20/20" eyesight to be maintained, thus boosting this market. According to the WHO, about half of all 65-year-old Americans had some degree of cataract formation in their eyes, while the percentage was higher among 70-year-olds in 2016. The WHO estimates around 2 million people across the world are expected to cross 60 years of age by 2050, which has tripled since 2000. This is expected to lead to an increased demand for eye health ingredients.
Browse through 88 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Eye Health Ingredients Market Size & Share Research Report and Forecast, 2018–2025”.
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The eye health ingredients market is classified based on source, ingredient, form, application, and disease indication. By source, the market includes natural and synthetic sources. Synthetic source holds the dominant market share, due to its highly beneficial factors and low processing costs.
On the basis of ingredient, the market is classified into vitamin A, Lutein, beta-carotene, bilberry extracts, Zeaxanthin, and others. Lutein and zeaxanthin are mainly used ingredients for eye health ingredients. The increasing prospective use in formulated supplementary food and formula products for infants will drive the lutein segment. As a basis of anthocyanins, omega-3 fatty acids, and minerals, such as selenium and zinc, they are generally combined with other useful health elements like antioxidant vitamins A, E, C, B (B6 & 12), and blueberry extracts.
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Based on form, the market includes powder, liquid, and soft gel, capsules, and tablets. Due to ease of consumption and reduction of potential stomach upset characteristics, soft gel, capsules, and tablets are predominantly preferred over other forms.
The application segment is divided into human and animal. The animal segment is anticipated to show significant growth in the future, owing to the increasing issues in animal vision.
Browse the full “Eye Health Ingredients Market By Source (Natural and Synthetic), By Ingredient (Lutein, Zeaxanthin, Beta Carotene, Vitamin A, Bilberry Extracts, and Others), By Form (Soft Gel, Capsule, & Tablets, Liquid, and Powder), By Application (Human and Animal), and By Disease Indication (Age-Related Macular Degeneration, Cataract, Dry Eye Syndrome, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/eye-health-ingredients-market
On the basis of disease indication, the eye health ingredients market comprises cataract, dry eye syndrome, age-related macular degeneration, and others. Macular degeneration accounted for a major market share in 2018.
North American eye health ingredients market is projected to record elevated growth in the future, owing to the increased expenditure on dietary products and escalated regional awareness regarding natural products. The U.S. eye health ingredients market is projected to exceed USD 60 million by 2024, owing to the increasing incidences of low vision and blindness among the North American individuals. Increasing product launches and huge expenditure on research and development will also drive this regional market.
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Europe is anticipated to be another dominant eye health ingredients market, in terms of revenue, owing to the elevated demand for eye health products and the regional presence of significant producers like Luxottica and Safilo. High consumer spending on drugs and pharmaceuticals will also fuel this regional market. Other factors driving the European market, particularly in Russia, include the rapidly growing geriatric population base. In addition, technological advances and innovations from producers are anticipated to further fuel this market to expand their portfolio.
The Asia Pacific eye health ingredients market is estimated to reflect the highest CAGR during the forecast time period, owing to the huge population suffering from visual defects along with low use of visual correction aids, which is an enormous untapped market for the global market players. It has been ascribed mainly to the development of the medical food industry across the region, which is a significant factor likely to drive the development of the Asia Pacific eye health ingredients market in the years ahead. Furthermore, rising disposable income and increasing customer interest in leading a healthy lifestyle will further fuel the regional eye health ingredients demand, especially in the countries of China, Japan, and India.
It is expected that Latin America and the Middle East and Africa will show elevated growth rates in the years ahead. Brazil holds a significant market share, due to the growing incidences of eye-related illnesses, followed by Saudi Arabia and the UAE.
Some key players in the eye health ingredients market are Bausch & Lomb, FMC Corporation, BASF, DSM, MacuShield, Allied Biotech, Amway, Alcon, Efamol, Solgar, and Swanson.
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This report segments the global eye health ingredients market into:
Global Eye Health Ingredients Market: Source Analysis
- Natural
- Synthetic
Global Eye Health Ingredients Market: Ingredient Analysis
- Lutein
- Zeaxanthin
- Beta Carotene
- Vitamin A
- Bilberry Extracts
- Others (Capsanthin, Annatto, and Omega-3)
Global Eye Health Ingredients Market: Form Analysis
- Soft Gel, Capsule, and Tablets
- Liquid
- Powder
Global Eye Health Ingredients Market: Application Analysis
- Human
- Animal
Global Eye Health Ingredients Market: Disease Indication Analysis
- Age-Related Macular Degeneration
- Cataract
- Dry Eye Syndrome
- Others
Global Eye Health Ingredients Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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