Rising Demand for Eye Health Ingredients Market Key Players, Growth Analysis during 2021-2027
The global eye health ingredients
market is expected to grow at a significant CAGR during the forecast period
(2021-2027). The market has been growing in recent years, as the world's
population has gotten older, and consumers have been more interested in nutrition-based
age-related disease prevention. The carotenoids lutein and zeaxanthin, which
are found in the inner region of the retina (the macula) and protect the eye
from UV damage, are often utilized in eye health products. However, there are
hundreds of other carotenoids found in nature that, while not found in the eye,
have been shown to be beneficial to eye health in studies. Companies such as
OmniActive Health Technologies, Kemin, and DSM are promoting the benefits of
carotenoids, particularly lutein and zeaxanthin, for eye health, while Lycored
promotes the benefits of its tomato-derived lycopene carotenoid component.
Algatech states that its astaxanthin component, an algae-derived carotenoid,
promotes eye health and may be used in a variety of supplement formats as well
as functional foods and beverages. Further, Vitamin A, which has been proven to
have potential in avoiding cataracts and age-related macular degeneration
(AMD), and bilberry extracts are popularly assumed to aid night vision and retinal
health.
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The major companies operating in the market are highly
inclined towards the adoption of different growth strategies including
partnerships and collaborations, mergers and acquisitions, geographical
expansion, and new product launches, to remain competitive in the marketplace.
For instance, in November 2021, during SupplySide West 2021, Ashland
(Wilmington, DE) introduced their latest soy-free GPM nutrition as well as two
new additions to its N-dur xr technology range. To enhance bioavailability,
soy-free GPM nutrients are linked to a dietary source. The gluten-free,
non-GMO, Kosher-certified nutrients are manufactured with a patented technology
and are part of a whole-food matrix. Ashland released soy-free GPM lutein for
companies producing eye health supplements to treat eye strain from prolonged
screen usage. In January 2018, Maypro Industries announced its branded
ingredients portfolio, Bilberon. Bilberon is a high-quality bilberry extract
that has been clinically tested. Bilberon has been the subject of five original
published studies, including two human clinical trials, showing that it
supports to relieve eye tiredness, improve eye dryness, and maintain clear
focused vision.
Market Coverage
·
The market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
Segment Covered-
·
By Product Type
·
By Source
·
By Disease Indication
Regions covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Competitive Landscape: BASF SE, Bausch &
Lomb Inc., and Kemin Industries Inc., among others.
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Global Eye Health Ingredients Market Report by Segment
By Product Type
•
Lutein
•
Zeaxanthin
•
Beta Carotene
•
Others
By Disease Indication
•
Age related Macular Degeneration
•
Cataract
•
Dry Eye Syndrome
Global Eye Health Ingredients Market Report by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
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