Eye Health Ingredients Market Projections Reviewed To 2024 – Business News

Eye health ingredients are mainly utilized in age-related macular degeneration disease, dry eye, cataract, and other indications. According to the National Health and Wellness Survey of 2013, nearly 16.40 million Americans were diagnosed with dry eye disease back then or were on the verge of developing it.

Lately, a National Eye Institute funded study inspected the effectiveness of n-3 fatty acid (a fish oil supplement) versus olive oil placebo in relieving dry eye symptoms. It is thus rather overt that the rising number of eye conditions on a global scale would boost the need for the eye supplements that relieve their symptoms, the impact of which would be felt on eye health ingredients market share.

Top Manufactures - Allied Biotech Corporation, BASF, DSM, Kemin, Tianjin Pharmaland Technology, American River Nutrition, Inc, Archer Daniels Midland Company, Vitae Naturals, Davos life Science, Cargil, Wilmer Spring Fruit Nutrition Products Co, FMC corporation, Vidya Europe SAS,

Eye Health Ingredients Market size is projected to exceed USD 290 million by 2024.

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Rising diseases including age-related macular degeneration (AMD), diabetic retinopathy, glaucoma and cataracts will propel product demand. Protection from UV radiation, elimination of free radicals and enhancing strong vision are other key features stimulating the industry growth.

Zeaxanthin and Lutein are the broadly used eye care ingredients, high efficiency and effectiveness in lower dosages causes low zeaxanthin consumption compared to lutein. Lutein will witness CAGR exceeding 6.5% up to 2024. Rising demand for infant supplementary to overcome vision deficiency among children are the main factors driving lutein demand.

U.S. eye health ingredients market could witness over 5% growth through to 2024. Growing consumer health consciousness coupled with increasing product launches will drive the regional demand. Low vision and blindness is observed in over 3.2 million people in the North America in 2015, which is estimated to surpass 6 million by 2024..

Bilberry extracts will be worth over USD 25 million by 2024. Potential application outlook in healthcare industry to treat vision disorders will enhance the product penetration. Retinal health enhancement and blood sugar level maintenance are the key substantial benefits.

Demand for animal eye health ingredients market will witness over 7% growth up to 2024. Preventive care among owners of pet and commercial animal will remain a key driving factor for the segment.

Eye Health Ingredients Market Size By Product (Bread, Rolls, Cakes [Pancakes, Muffins, Pound Cakes], Pizza Crust, Donuts, Pastries)

By Distribution Channel (Convenience Stores, Hypermarket & Supermarket, Artisan Bakers, Catering & Industrial, Quick Service Restaurants)

Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, GCC)

Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

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Shifting consumer preference towards naturally sourced products will drive the industry growth. Synthetic eye health ingredients market is driven by low processing costs with high benefits which will impact natural eye health ingredients market price trend.

High surgery costs are the factors influencing consumers toward OTC supplements to avoid substantial costs on clinical treatments. Development and innovation in terms of product personalization and customization will be a key strategy for the nutraceutical industry.

Capsule, soft gel & tablets accounted for more than 40% of the industry share in 2016. Reduced side effects along with ease in consumption are the factors positively influencing the product penetration.

Age related macular degeneration treatment is the leading segment for the product consumption. Rising dry eye syndrome diseases globally is another factor fueling the eye health ingredients market.

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Posted by Chetan Channe on Wednesday October 17 2018, 2:20 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0