The eye care supplement market is witnessing substantial growth driven by increasing awareness about eye health, rising prevalence of eye disorders, and a growing aging population worldwide. As individuals become more proactive about maintaining their vision health, The global eye care supplement market is forecast to expand at a CAGR of 4.5% and thereby increase from a value of US$16.8 Bn in 2023, to US$22.9 Bn by the end of 2030. Market Drivers:
Aging Population: With the global population aging rapidly, the prevalence of age-related eye conditions such as cataracts, macular degeneration, and glaucoma is on the rise. As a result, there is a growing demand for eye care supplements that contain antioxidants, vitamins, and minerals to support eye health and mitigate age-related vision problems.
Digital Eye Strain: The widespread use of digital devices such as smartphones, computers, and tablets has led to an increase in digital eye strain and related symptoms such as dry eyes, eye fatigue, and blurred vision. Consumers are turning to eye care supplements containing ingredients like lutein, zeaxanthin, and omega-3 fatty acids to alleviate these symptoms and protect their eyes from screen-induced damage.
Preventive Healthcare: There is a growing trend towards preventive healthcare, with individuals seeking proactive measures to maintain their overall well-being, including eye health. Eye care supplements are perceived as a convenient and accessible way to complement a healthy lifestyle and reduce the risk of developing eye conditions associated with aging, genetics, and lifestyle factors.
Market Restraints:
Regulatory Challenges: The eye care supplement market is subject to stringent regulatory requirements, particularly concerning health claims, ingredient safety, and product labeling. Compliance with varying regulations across different countries and regions can pose challenges for market players, especially small-scale manufacturers and new entrants.