Title: Eye Health Ingredients Market analysis research and trends report for 2017-2024
1Eye Health Ingredients Market to reach 290mn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Eye Health Ingredients Market
- Eye Health Ingredients Market, of late, has been
gaining renewed traction, with the increasing
consumer awareness toward vision sustenance,
subject to the growing number of age-related eye
diseases. The rising prevalence of diseases such
as diabetic retinopathy, AMD (Age-related Macular
Degeneration), cataracts, and glaucoma has also
been fueling the growth of this industry. - As per estimates, AMD disorders have ultimately
resulted in eye cancer in more than 50 of the
cases in the United States. Worldwide, there has
been an increasing spending in AMD treatment,
which is likely to widen the horizon of eye
health ingredients industry in the years ahead.
Concurrently, supportive regulations promoting
nutritional dietary supplements along with a
diversified product portfolio has further favored
the market expansion.
3Continued...
- Global eye health ingredients industry is
characterized by the run-of-the-mill yet
effective strategies such as novel product
development, mergers acquisitions, and
geographical expansion. For instance, in 2015,
DSM and Kemin, two key players of eye health
ingredients market, had collaborated and launched
two new products named FloraGLO Lutein and
OPTISHARP Zeaxanthin, which helped improve their
profit margins and enhanced their position in the
business. - The remarkable growth of the ophthalmic industry
in the U.S. will be a major driving force that
will contribute toward the expansion of the
regional eye health ingredients market. As per
estimates, blindness and low vision are observed
in more than 3.2 million people in North America.
This number is expected to exceed USD 6 million
by 2024. On these grounds, the manufacturing
scale of eye health ingredients across this
sector is remarkably high, which will propel eye
health ingredients market over the years ahead.
Reliable statistics state that on a global scale,
the U.S. accounted for more than 45 of the eye
supplement production in 2015, which is
significantly higher than most of the other
regions including Australia, Asia, and Europe.
4U.S. Eye Health Ingredients Market Size, By
Ingredient, 2016 2024 ( Mn)
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6360 Analysis
- Application Trends
- Eye health ingredients market is dominated by
human consumption, rising vision issues in early
age including macular degeneration, cataracts and
glaucoma has influenced product demand in this
segment. Increasing surgery expenses is another
factor motivating consumer towards OTC
supplements to avoid heavy expenses on hospitals. - Regional Trends
- U.S. eye health ingredients market is estimated
to observe high gains at over USD 60 million by
2024 due regional ophthalmic industry growth. The
country had the highest eye health ingredient
introductions probably due to the reflect of the
popularity of dietary supplements in the country.
- Competitive Market Share
- Global eye health ingredients market share is
fragmented due to large presence of ingredient
manufacturers. Amway, Alcon, MacuShield, Efamol,
Bausch Lomb, Swanson and Solgar are the
potential customers. BASF, FMC Corporation,
Allied Biotech Corporation and DSM are the
notable industry players.
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