Eye Health Ingredients Market

Global Eye Health Ingredients Market Size, Share & Trends Analysis Report, By Product Type (Lutein, Zeaxanthin, Beta Carotene, and Others), By Source (Natural and Synthetic), By Disease Indication (Age related Macular Degeneration, Cataract, and Dry Eye Syndrome) Forecast (2022-2028)

Published: Mar 2022 | Report Code: OMR2026119 | Category : Healthcare Information Technology | Delivery Format: /

The global eye health ingredients market is expected to grow at a significant CAGR 7% during the forecast period (2022-2028).  The market has been growing in recent years, as the world's population has gotten older, and consumers have been more interested in nutrition-based age-related disease prevention. The carotenoids lutein and zeaxanthin, which are found in the inner region of the retina (the macula) and protect the eye from UV damage, are often utilized in eye health products. However, there are hundreds of other carotenoids found in nature that, while not found in the eye, have been shown to be beneficial to eye health in studies. Companies such as OmniActive Health Technologies, Kemin, and DSM are promoting the benefits of carotenoids, particularly lutein and zeaxanthin, for eye health, while Lycored promotes the benefits of its tomato-derived lycopene carotenoid component. Algatech states that its astaxanthin component, an algae-derived carotenoid, promotes eye health and may be used in a variety of supplement formats as well as functional foods and beverages. Further, Vitamin A, which has been proven to have potential in avoiding cataracts and age-related macular degeneration (AMD), and bilberry extracts are popularly assumed to aid night vision and retinal health.

The major companies operating in the market are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, in November 2021, during SupplySide West 2021, Ashland (Wilmington, DE) introduced their latest soy-free GPM nutrition as well as two new additions to its N-dur xr technology range. To enhance bioavailability, soy-free GPM nutrients are linked to a dietary source. The gluten-free, non-GMO, Kosher-certified nutrients are manufactured with a patented technology and are part of a whole-food matrix. Ashland released soy-free GPM lutein for companies producing eye health supplements to treat eye strain from prolonged screen usage. In January 2018, Maypro Industries announced its branded ingredients portfolio, Bilberon. Bilberon is a high-quality bilberry extract that has been clinically tested. Bilberon has been the subject of five original published studies, including two human clinical trials, showing that it supports to relieve eye tiredness, improve eye dryness, and maintain clear focused vision.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Product Type 

o By Source

o By Disease Indication 

Regions covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape:  BASF SE, Bausch & Lomb Inc., and Kemin Industries Inc., among others. 

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Eye Health Ingredients Market Report by Segment

By Product Type 

Lutein

Zeaxanthin

Beta Carotene

Others

By Disease Indication 

Age related Macular Degeneration

Cataract

Dry Eye Syndrome

Global Eye Health Ingredients Market Report by Region

North America       

US

Canada

Europe

Germany

UK

France

Spain

Italy

Rest of Europe

Asia-Pacific    

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Latin America

Middle East and Africa