With the increasing awareness of eye care among consumers, the market for lutein-based eye health products continues to expand, with sales exceeding 1 billion yuan in 2021, a year-on-year growth rate of about 70%. However, in the face of the rapidly growing market, overseas brands still dominate, and it is essential for domestic brands to do well in product planning if they want to break through.
The severe situation of eye health has driven the growth of the eye care market
The grim situation of national eye health has led to the growth of the eye care market. With the development of the internet and the increasing penetration of electronic products in people's lives, according to the latest report on the development of China's internet by the China Internet Network Information Center (CNNIC), as of December 2020, the number of internet users in China reached 989 million, and the number of mobile internet users reached 986 million, with an average daily exposure to electronic devices often exceeding 7 hours. Overuse of eyes has become a norm for today's consumers, affecting people from children to the elderly. The "Investigation Report among Chinese Children and Adolescents Nearsight" released by the National Health Commission of China shows that the overall myopia rate among children and adolescents is 53.6%. Among the elderly population, age-related macular degeneration (AMD) is one of the leading causes of blindness in people over 50 years old globally. The number of patients with this disease in China exceeds 30 million, and it increases by 300,000 people annually. The increasingly severe national eye health problem has also promoted the development of the eye care products market. According to Persistence Market Research, the compounded annual growth rate of global eye health products from 2016 to 2024 is 6.2%. By 2024, the market value of global eye health products is expected to exceed 2.55 billion euros.
Lutein-Based Eye Health Products are Booming
With the increasing awareness of eye care among consumers, the market for lutein-based eye health products is rapidly expanding. In 2021, sales exceeded 1 billion yuan, a year-on-year growth rate of about 70%. This growth can be attributed to the rise of eye strain caused by the widespread use of electronic devices in people's daily lives. Lutein is a carotenoid that is widely distributed in fruits and vegetables. It is a key nutrient for eye health and has been shown to be effective in preventing and treating various eye diseases. Lutein-based eye health products have been favored by consumers due to their effectiveness and safety. The eye care market is dominated by overseas brands, but domestic brands are catching up. Product planning is essential for domestic brands to break through and seize the opportunity. The market potential for lutein-based eye health products is huge, and as more and more consumers pay attention to eye health, the demand for these products will continue to grow. The boom in lutein-based eye health products is a response to the severe situation of eye health. With the continuous development of the market, we can expect more innovative and effective eye health products to emerge, providing consumers with a better quality of life.
HSF Biotech Lutein Balancing Strength and Opportunities
As a company with over 10 years of history specializing in the research and development, production, and sales of natural raw materials, HSF Biotechnology not only has over 50 patents but also can adjust and integrate products according to market demands. In terms of hardware, HSF Biotechnology has a production plant of 4500 square meters, with more than 42 professional R&D team members. It has 4 professional laboratories that are in line with international standards and equipped with 2 manufacturing locations. It is one of the few raw food production companies in China that has a complete set of dosage forms.
Lutein It is a key nutrient for eye health and has been shown to be effective in preventing and treating various eye diseases. It is available in various forms and specifications to meet the diverse needs of consumers. Here are some common specifications from HSF Biotech manufacture: Lutein powder: The powder is yellow-orange and has a purity of 5%, 10%, and 20%. It can be used in dietary supplements, functional foods, and beverages. Lutein oil: It is a yellow-orange oil extracted from marigold flowers. The oil is usually standardized to contain 10% or 20% lutein. It can be used in soft gel capsules, tablets, and other dosage forms. Lutein esters: Lutein esters are lutein molecules that are esterified with fatty acids. They are more stable than lutein in their free form and can be used in dietary supplements, functional foods, and beverages.
The choice of specification depends on the intended application and dosage form of the product. As the demand for lutein continues to grow, manufacturers are finding new and innovative ways to incorporate this beneficial ingredient into a wide range of products. From eye health supplements to functional foods and beverages, lutein is bringing the benefits of eye health to the market and helping consumers take control of their health and wellness.
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