LAMEA Eye Health Supplements Market By Formulation (Tablets, Capsules, Powder, Softgels, and Liquid), By Indication (Age-related Macular Degeneration (AMD), Dry Eye Syndrome, Inflammation, Cataract and Others), By Ingredient Type (Lutein and Zeaxanthin, Antioxidants, Flavonoids, Alpha-Lipoic Acid, Omega-3 Fatty acids, Coenzyme Q10, Astaxanthin and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the LAMEA Eye Health Supplements Market
Market Report Description
The Latin America, Middle East and Africa Eye Health Supplements Market would witness market growth of 11% CAGR during the forecast period (2020-2026). Eye health is one of the major health concerns in the modern age and a foremost nutraceutical interest. The aging population, poor nutritional habits, rising exposure to screens and declining food quality are all affecting eye health across the globe with no chance of trend-reversion. As per the Google Trends, in the past few years, the supplementation interest in form of web searches has been increased by 50%.
The COVID-19 pandemic has increased the reliance on digital devices and gradually consumers are becoming aware that the prolonged use of mobile and laptops have harmful effects on the eye. This factor has expanded the demand for health supplements also providing profitable growth opportunities for market players.
As per the WHO, approx. 2.2 billion individuals in the world have been reported with blindness or vision impairment. Low and middle-income countries like South Asia and eastern and western sub-Saharan Africa have recorded about eight times higher rates of blindness than the high-income countries. Especially in low and middle-income countries, women are anticipated to have a higher prevalence of eye disorders such as AMD and cataracts. Consumers in developed countries have high per-capita expenditures, therefore they spend more on healthcare products including eye health supplements, hence pushing the market growth. Furthermore, the demand for Zeaxanthin and Lutein supplements and bilberry extract supplements has increased and these products can be conveniently accessed through e-commerce platforms or direct sales.
Based on Formulation, the market is segmented into Tablets, Capsules, Powder, Softgels, and Liquid. Based on Indication, the market is segmented into Age-related Macular Degeneration (AMD), Dry Eye Syndrome, Inflammation, Cataract and Others. Based on Ingredient Type, the market is segmented into Lutein and Zeaxanthin, Antioxidants, Flavonoids, Alpha-Lipoic Acid, Omega-3 Fatty acids, Coenzyme Q10, Astaxanthin and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Nature’s Bounty Co. (The Carlyle Group L.P.), Pfizer, Inc., Alticor Inc. (Amway Corporation), Novartis AG, Kemin Industries, Inc., ZeaVision LLC (EyePromise), EyeScience Labs, LLC, Vitabiotics Ltd., Nutrivein and NutraChamps, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Age-related Macular Degeneration (AMD)
- Dry Eye Syndrome
By Ingredient Type
- Lutein and Zeaxanthin
- Alpha-Lipoic Acid
- Omega-3 Fatty acids
- Coenzyme Q10
- Saudi Arabia
- South Africa
- Rest of LAMEA
- The Nature’s Bounty Co. (The Carlyle Group L.P.)
- Pfizer, Inc.
- Alticor Inc. (Amway Corporation)
- Novartis AG
- Kemin Industries, Inc.
- ZeaVision LLC (EyePromise)
- EyeScience Labs, LLC
- Vitabiotics Ltd.
- NutraChamps, Inc.
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