Eye Health Ingredients Market 2019 Statistics, Industry Growth Analysis and Regional Outlook by 2024
Category: #business  By Partha Ray  Date: 2019-08-14
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Eye Health Ingredients Market 2019 Statistics, Industry Growth Analysis and Regional Outlook by 2024

Global Market Insights, Inc. presents an extensive report on Eye Health Ingredients Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

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.

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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.

According to the estimates provided by the AMD Alliance International, around 26 to 32 million people all over the world have been currently suffering from AMD. It has been predicted that the numbers are likely to triple by 2024, subject to the decreasing levels of pigment in the macula, which will increase the risk of AMD. This is likely to propel eye health ingredients market from age-related macular degeneration over 2017-2024.

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The rising cases of vision problems such as glaucoma, cataracts, and macular degeneration among people has positively influenced the product demand for human eye health treatment. Pertaining to this factor, human consumption dominated the eye health ingredients market in 2016, and is forecast to grow significantly over the next few years. In addition, consumers are motivated by the lower costs of supplements as opposed to the rising costs of eye surgeries. Subject to the patient’s choice of avoiding unnecessary and prolonged hospital visits, eye health ingredients industry from human patient base will observe a substantial growth over 2017-2024.

The rising incidences of poor animal eye health and consumer inclination toward providing the best medical care for their pets will spur eye health ingredients market from animal consumption, which is slated to experience a CAGR of 7% over 2017-2024.

Prominent products that form a part of the global eye health ingredients industry include beta carotene, vitamin A, lutein, zeaxanthin, and bilberry extracts. Of these, it has been observed that zeaxanthin and lutein are the most popular and commonly-used ingredients, since they are renowned to protect the eyes from dangerous high-energy light waves such as the UV rays.

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Eye health ingredients are available in numerous forms such as powders, liquids, soft gels, and tablets & capsules. As opposed to the liquid and powder forms, it has been surveyed that capsules & tablets and soft gels have a higher demand.

Global eye health ingredients market is moderately fragmented and involves the participation of numerous biggies, such as Allied Biotech Corporation, BASF, MacuShield, Swanson, FMC Corporation, Amway, Solgar, DSM, Alcon, Bausch & Lomb, and Efamol. Industry players have been striving to develop unique products at affordable costs to increase their consumer base and expand their presence across global eye health ingredients market.

Partial Report Content:

Chapter 1.  Methodology & Scope

1.1.  Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Definitions & forecast parameters

1.2.  Data sources

1.2.1.   Secondary

1.2.2.   Primary

Chapter 2.  Executive Summary

2.1.  Eye health ingredients market 3600 synopsis, 2013 –2024

2.1.1.   Business trends

2.1.2.   Source trends

2.1.3.   Ingredient trends

2.1.4.   Form trends

2.1.5.   Application trends

2.1.6.   Disease indication trends

2.1.7.   Regional trends

Chapter 3.  Eye Health Ingredients Industry Insights

3.1.  Industry segmentation

3.2.  Industry growth landscape, 2013 - 2024

3.3.  Industry ecosystem analysis

3.4.  Regional pricing trends

3.5.  Trade scenario

3.6.  Regulatory landscape

3.7.  Regional raw material trends

3.8.  Industry impact forces

3.9.  Eye health ingredients latest product launches

3.10.    Growth potential analysis, 2016

3.11.   Critical success factors

3.12.    Porter's analysis

3.13.   Company market share analysis, 2016

3.13.1.   Strategy dashboard

3.14.    PESTEL analysis

Chapter 4.  Eye Health Ingredients Market, By Source

4.1.  Global eye health ingredients market share by source, 2016 & 2024

4.2.  Natural

4.2.1.   Market estimates and forecast, 2013 - 2024

4.2.2.   Market estimates and forecast, by region, 2013–2024

4.3.  Synthetic

4.3.1.   Market estimates and forecast, 2013 - 2024

4.3.2.   Market estimates and forecast, by region, 2013–2024

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https://www.marketwatch.com/press-release/plant-based-ingredients-market-2019-insights-business-opportunities-and-industry-forecast-2019-08-13

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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