Eyesight Health Ingredients Market Trends

The Eyesight Health Market is emerging and related products are a booming business. With age, aging and the overuse of electronics in work and life, especially in 2020, people are spending more time on smartphones, tablets and e-readers because of the covid-19 epidemic quarantine and the prevalence of online education. Computer-related eye stress, eye strain, and computer vision problems are just a part of eye strain. Eye diseases are getting younger and younger, and more and more people are suffering from age-related macular degeneration (AMD), cataracts, retinitis pigmentosa, myopia, dry eye and other eye diseases, which has greatly contributed to the consumer's interest in vision health products.

Eyesight Health ingredients

Lutein, zeaxanthin, astaxanthin, hyaluronic acid, anthocyanin, omega-3, retinol, etc. And like blueberries, black goji berries, blackcurrants, and grape seeds are becoming popular in the field of Eyesight Health because of their rich anthocyanin or proanthocyanidins.

Consumer awareness towards eye health benefits from carotenoids, zeaxanthin and lutein continues to grow steadily. Growing Eyesight Health supplement launch numbers will enhance the product demand in the forecast timeframe. Maintaining strong vision, eliminating free radicals and protection from UV radiation are the prominent features enhancing product penetration.

Magazines, television, internet, articles, and advertising campaigns are the main portals that influence consumer demand for complementary products. However, limited accessibility and relatively high cost may influence the market price trends of eye care ingredients.

Eyesight Health Ingredients Market, by Source

Lutein and zeaxanthin are the most commonly used eye care ingredients in this industry. The lutein market size is expected to grow by more than 6.5% by 2024. Increasing potential use in formulated foods and infant formulas will increase the market size of lutein. They are often combined with other health beneficial ingredients such as antioxidant vitamins A, E, C, and B (B6 and 12) and blueberry extract, which are the basis for anthocyanins, omega-3 fatty acids, and minerals such as selenium and zinc.

The higher anthocyanin content and higher extraction cost may influence the market price trend of bilberry extract, which will generate more than USD 25 million in revenue by 2024. The product has become popular due to its substantial properties including improving retinal health and maintaining blood sugar levels. Strong potential outlook in medical applications to combat ophthalmologic disorders, vascular disorders and diabetes will enhance the product penetration.

The proportion of hyaluronic acid in the eye care products market is also rising year by year. A "highly effective moisturizing factor" reputation of pharmaceutical grade hyaluronic acid, only a few milliliters of the amount, effective relief of eye fatigue, eliminating eye waste, sterilization anti-inflammatory, light blood, promote inflammatory cell repair, replenishment of eye moisture, make the eyes comfortable and moisturized.

Eyesight Health Ingredients Market, by Application

The Eyesight Health ingredients market is dominated by human consumption, and early vision problems including macular degeneration, cataracts, and glaucoma have influenced the product demand in this segment. Increasing cost of surgeries is another factor that drives consumers to purchase over-the-counter medications to avoid huge hospital charges.

And the Eyesight Health ingredients for animals industry is expected to witness a high growth of 7% by 2024. Increasing vision disorders in animals will drive product demand in this market segment.

Eyesight Health Ingredients Market, by Disease Indication

The Eyesight Health ingredients market is primarily used for age-related macular degeneration diseases. According to AMD International Alliance, approximately 26 to 32 million people worldwide suffer from AMD. The Institute also observed that the baby boomers are getting older and the incidence will triple by 2024. This is due to the natural decline in pigment levels in the macula with age, which increases the risk of developing AMD.

Dry eye is another condition occurring globally in which the tears shed by the eyes are insufficient or evaporate prematurely. According to the analysis, the prevalence of this syndrome may exceed 30% in people aged 50 years or older, making consumers more self-driven to consume supplemental eye medications.

Eyesight Health Ingredients Market, by Region

The U.S. Eyesight Health ingredients market is estimated to gain a high revenue of over USD 60 million by 2024, owing to the growth of the regional eye industry. The country has the highest introduction of eye health ingredients, likely due to reflecting the popularity of dietary supplements in the country.

According to industry analysis, more than 3.2 million Americans aged 40 years or above are affected by low vision or blindness. That number is expected to reach more than 6 million by 2024.

Globally, the U.S. launched more than 45 percent of all eye health supplements, ahead of Europe (just over 26 percent), Asia (about 11 percent) and Australia (more than 9 percent). The European market for Eyesight Health ingredients is estimated to witness high gains of over 530 tons by 2024. Increasing consumer spending on healthcare and pharmaceuticals will spur demand in the region. Russia is a major consumer of the product owing to its high geriatric population.

Asia Pacific will witness significant growth of up to 6.5% in the Eyesight Health ingredients market as the region is leading the overall dietary ingredients industry. Increasing disposable income and rising consumer interest in healthy lifestyle, especially in China, Japan, and India, will drive the demand in the region.

Echemi Europe B.V.