The Eye Health Ingredients Market Is Estimated To Increase At A CAGR Of 6.1 Percent During The Forecast Period

The global Eye Health Ingredients Market was worth USD 1.5 billion in 2019 and is predicted to increase at a CAGR of 6.1 percent from 2020 to 2027. One of the primary drivers driving the market is the rising occurrences of vision impairment and myopic population, particularly during the COVID-19 pandemic, as a result of the increased use of screens and participation in virtual meetings while working from home. High myopia puts you at risk for a variety of degenerative eye diseases such as cataracts, glaucoma, and age-related macular degeneration. The Eye Health Ingredients Market is being driven further by an increase in demand for eye health supplements among the elderly and millennials who are prone to digital eye fatigue and myopia.

The market is being driven by an increase in the prevalence of various eye conditions such as Age-related Macular Degeneration (AMD), dry eye syndrome, cataracts, and inflammation, as well as ophthalmologists' increasing recommendations for eye health supplements for prevention and treatment of these disorders. The market's expansion is expected to be hampered by a shortage of eye health supplement products. The high cost of Eye Health Supplements in growing countries, on the other hand, is posing a major hurdle to the Eye Health Supplements Market's expansion during the forecast period.

Factors contributing to North America's dominance in the worldwide Eye Health Ingredients Market include the rising prevalence of chronic eye disorders, an aging population, enhanced reimbursement scenarios, more awareness, and the availability of sophisticated commercial eye health supplements. However, due to increased research and development activities, quickly growing insurance sectors, and increased demand for new goods in the area, Europe is expected to outpace all other regions by clocking the highest CAGR over the projection period 2020-2025. 

Growing eye problems, such as age-related macular degeneration (AMD), and growing public awareness of eye health are expected to propel the Eye Health Ingredients Market forward. The elderly are at a higher risk of having eye illnesses, hence the global market for eye health supplements is expected to rise as the population of the old grows. Furthermore, manufacturers are using age-specific ads to raise awareness about eye health supplements, which is expected to boost market demand throughout the forecast period.

Pfizer, Inc., Bausch Health Companies Inc., Alcon Laboratories, Inc., Alliance Pharma PLC, Allied Biotech Corporation, BASF SE, Amway Corp, Butterflies Healthcare Ltd., Herbalife Nutrition Ltd., SUSS Technology Corp., EyeScience Labs, Nordic Naturals, Vitabiotics Ltd., and Akorn Incorporated are some of the major key players in the Eye Health Ingredients Market.