Asia Pacific Eye Health Supplement Market to Grow at a CAGR of 6.2% to reach US$ 593.12 Million from 2020 to 2027

The Asia Pacific Eye Health Supplement market is expected to reach US$ 593.12 million by 2027 from US$ 370.69 million in 2019; it is anticipated to grow at a CAGR of 6.2% during 2019–2027.

The key factors driving the market growth are increasing emphasis preventive care, considerable rise in eye diseases, and aging population. In addition, growing adoption dietary supplements and nutritional products is also expected to drive the market growth by 2027. However, high costs associated to Eye Health Supplement and limited availability of product in Asia Pacific Eye Health Supplement market is the major factor hindering the market growth in Asia Pacific. 

Eye supplements are nutritional products which care recommended to maintain eye health and good vision. The eye health supplements prominently comprises vitamin A, lutein & Zeaxanthin, omega 3 fatty acids, gamma-linoleic acid, and others. These nutritional supplements helps to sustain eye function, reduce the development of age-related eye diseases, and protect eyes against harmful light. Eye health supplements can be useful over range of eye diseases such as dry eye, age-related macular degeneration, glaucoma, diabetic retinopathy, and cataracts amongst others. Increasing prevalence of eye diseases coupled with aging population is likely to drive the growth of the eye health supplement market during the forecast period.

Growing prevalence of eye disorders and abnormalities is anticipated to drive the adoption of eye health supplements, which would eventually drive the eye health supplements market during the forecast period. For instance, according to the study in April 2019, “Prevalence of refractive errors, uncorrected refractive error, and presbyopia in adults in India, published by the Indian Journal of Ophthalmology, the prevalence of refractive errors, of at least 0.50 D of spherical equivalent ametropia was 53.1%. In addition, the prevalence of uncorrected refractive error was 10.2% in the study population. Moreover, as per a study reported by International Finance Corporation, China is witnessing a 6.0% increase in blindness cases annually, accommodating nearly one-fifth of the world’s blind population in the country.

Herbalife Nutrition Ltd., Alcon Inc., Bausch Health Companies Inc. are among the major companies in Eye Health Supplement market.

COVID-19 pandemic has become the most significant challenge across the Asia Pacific region. This challenge will be frightening the countries across the region as it will lead to reducing imports due to disruptions in global trade, which further increases the shortages of eye health supplements, resulting in a considerable price increase. Manufacturers are also experiencing raised prices and potential shortages of raw ingredients due to supply restrictions.

China Eye Health Supplement Market, Revenue and Forecast to 2027 (US$ Mn)

ASIA PACIFIC EYE HEALTH SUPPLEMENT MARKET SEGMENTATION

ASIA PACIFIC EYE HEALTH SUPPLEMENT MARKET SEGMENTATION

By Ingredient Type

• Lutein and Zeaxanthin
• Antioxidants
• Omega-3 fatty acids
• Coenzyme Q10
• Flavonoids
• Astaxanthin
• Alpha-Lipoic acid
• Others

By Indication

• Age-related macular degeneration (AMD)
• Cataract
• Dry eye syndrome
• Others

By Forms

• Tablet
• Capsule
• Drops

By Country

• Japan
• China
• India
• South Korea
• Australia
• Rest of the Asia Pacific

Company Profiles

• Nordic Naturals
• Herbalife Nutrition Ltd.
• The Nature's Bounty Co
• AMWAY
• Pfizer Inc.
• Alcon Inc.
• Bausch Health Companies Inc.
• Vitabiotics Ltd.
• Alliance Pharma PLC
• Allergan Plc.

Asia Pacific Eye Health Supplement Market Report Scope

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