Global Eye Care Supplement Market Size, Share, and COVID-19 Impact By Product Type (Vitamins, Minerals, Fatty Acids, Antioxidants, and Others), By Form (Tablets, Capsules, Softgels, and Others), By End-User (Adults, Children, and Seniors), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Eye Care Supplement Market Insights Forecasts to 2033

• The Global Eye Care Supplement Market Size was estimated at USD 2.05 Billion in 2023
• The Market Size is expected to Grow at a CAGR of around 6.46% from 2023 to 2033
• The Worldwide Eye Care Supplement Market Size is Expected to Reach USD 3.835 Billion by 2033
• Asia Pacific is expected to Grow the fastest during the forecast period.

The Global Eye Care Supplement Market Size was worth around USD 2.05 Billion in 2023 and is predicted to grow to around USD 3.835 0illion by 2033, with a compound annual growth rate (CAGR) of 6.46% between 2023 and 2033. The market is driven by the rise in the occurrence of eye-related diseases, increased aging population, and increased awareness among consumers about eye health. Furthermore, the rise in digital device usage has resulted in more eye strain, which has been driving demand for eye care supporting supplements.  

Market Overview

The eye care supplement market refers to nutritional supplements designed to promote and preserve eye health. They usually have a blend of vitamins, minerals, antioxidants, and other nutrients known to enhance the eyes, including lutein, zeaxanthin, vitamin A, vitamin C, vitamin E, zinc, and omega-3 fatty acids. The rising consumer consciousness regarding the need to preserve eye health is reflected in increased demand for preventive and supportive nutritional solutions. Additionally, with increasing awareness among consumers of the role of lifestyle choices like screen use, diet, and aging in affecting their eyesight, the demand for supplements that can counteract these effects is on the rise. Moreover, this trend offers marketers the opportunity to create products that target specific consumer requirements, including products addressing digital eye strain or age-related vision loss. Furthermore, based on a Vision Council survey, nearly 60% of adults experience symptoms of digital eye strain, leading to heightened interest in supplements aimed at alleviating these symptoms. Most of these supplements promise relief by blending ingredients that have been shown to enhance eye function, and they are thus attractive to a technologically advanced population that is heavily dependent on digital devices.

Report Coverage

This research report categorizes the eye care supplement market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the eye care supplement Market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the eye care supplement market.

Driving Factors

The Eye care supplement market is driven by the growth of factors, which include the increasing incidence of visual impairments and eye diseases worldwide. Age-related macular degeneration (AMD), cataracts, and diabetic retinopathy are on the rise, driving demand for prevention and care eye care solutions. In addition to this, improving life expectancy worldwide also aggravates the need for eye health supplements because older generations are more prone to have one or more of the chronic disorders, such as vision impairments. Moreover, the increase in screen time on digital media caused by the popularity of smartphones, tablets, and computers has brought about an occurrence termed computer vision syndrome (CVS). CVS is an eye strain, fatigue, and discomfort that has triggered a lot of demand for supplements that can help mitigate these. Furthermore, the use of digital screens in the educational curriculum for kids and the workplace for adults has widened the consumer base for eye care supplements. With increasing awareness about the effects of digital device usage on one's eye health, the demand for eye care supplements is likely to keep rising.

Restraining Factors

The eye care supplement market encounters certain difficulties that would restrain its development. Among them is the regulatory framework for dietary supplements that differs widely among geographies. A manufacturer needs to comply with complicated and often strict regulatory guidelines to meet safety and efficacy standards, which may act as a barrier to entry and growth, especially to small players with scant resources. Also,

Market Segmentation

The eye care supplement market share is classified into product type, form, and end-user.

• The vitamins segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on product type, the eye care supplement market is segmented into vitamins, minerals, fatty acids, antioxidants, and others. Among these, the vitamins segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to shielding the eyes against oxidative stress and enhancing overall eyesight. Moreover, these vitamins are vital to ensuring the health of different parts of the eye, including the cornea and retina, thus preventing disorders such as night blindness and macular degeneration.

• The tablets segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on form, the global eye care supplement market is divided into tablets, capsules, softgels, and others. Among these, the tablets segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by providing ease of production and a greater shelf life. They are normally favored because of their affordability and the capacity to contain a larger amount of active ingredients. Additionally, easy distribution is achieved through tablet formulation, and consumers are generally accepting of such forms.

• The adult segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on end-user, the global eye care supplement market is categorized into adults, children, and seniors. Among these, the adult segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed to the increasing prevalence of digital eye strain and vision problems related to lifestyle. The demand for adult eye care supplements is driven by their active usage of digital technology for work and entertainment, which builds up awareness of the necessity for eye protection and health support.

Regional Segment Analysis of the Eye Care Supplement Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the eye care supplement market over the predicted timeframe.

North America is anticipated to hold the largest share of the eye care supplement market over the predicted period. This dominance is due to the high consumer consciousness, sophisticated healthcare infrastructure, and the availability of major market players. Furthermore, the United States, more than any other country, is a significant player in the regional market, with a well-developed consumer base and a high focus on preventive care.

Asia-Pacific is expected to grow rapidly in the eye care supplement market during the forecast period. The market in the region is driven by a mix of factors, such as the fast-growing aging population, growing disposable incomes, and expanding awareness of the significance of eye health. Moreover, China, Japan, and India are leading this growth, as consumers increasingly take a proactive approach to their eye health and are prepared to spend on preventive measures.  

Competitive Analysis:

The report offers an appropriate analysis of the key organization markets/companies involved within the eye care supplement market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Bausch + Lomb
• Allergan, Inc.
• Pfizer Inc.
• Amway Corporation
• Herbalife Nutrition Ltd.
• Nature's Bounty Co.
• Bayer AG
• Nordic Naturals
• Vitabiotics Ltd.
• Alcon, Inc.
• NOW Foods
• Doctor's Best, Inc.
• Solgar Inc.
• Jarrow Formulas, Inc.
• GNC Holdings, Inc.

• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In April 2023, Rokit America, the American subsidiary of the bio-healthcare company Rokit Healthcare (CEO You Seok-hwan), launched 'EYE CARE,' an eye supplement for preventing aging eyes.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the eye care supplement market based on the below-mentioned:  

Global Eye Care Supplement Market, By Product Type

• Vitamins
• Minerals
• Fatty Acids
• Antioxidants
• Others

Global Eye Care Supplement Market, By Form

• Tablets
• Capsules
• Softgels
• Others

Global Eye Care Supplement Market, By End-User

• Adults
• Children
• Seniors

Global Eye Care Supplement Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa