Nutritional supplement market growing
The eyecare nutritional supplement market is worth $43.4 million and is projected to grow to $87.4 million within five years, according to research by Frost & Sullivan.
The eyecare nutritional supplement market is worth $43.4 million and is projected to grow to $87.4 million within five years, according to research by Frost & Sullivan.
According to Frost & Sullivan, the impending rapid growth in the market is due to the ageing of the "baby boomer" generation, as well as the recent developments in nutritional supplements for conditions commonly associated with either lifestyle or advanced age, including glaucoma and age-related macular degeneration.
Although nutritional supplements for eye conditions are a relatively new concept, the products Frost & Sullivan assessed included antioxidants such as lutein, beta-carotene, zeaxanthin, astaxanthin, and bilberry.
Despite barriers such as increasing price erosion and variation in international regulations, increased consumer awareness and more validated research into nutritional supplements' efficacy will result in great potential for growth in the market, Frost & Sullivan concluded.
