Accurately delineating the visual pathway (VP) is crucial for understanding the human visual system and diagnosing related disorders. Exploring multi-parametric MR imaging data has been identified as an important way to delineate VP. However, due to the complex cross-sequence relationships, existing methods cannot effectively model the complementary information from different MRI sequences. In addition, these existing methods heavily rely on large training data with labels, which is labor-intensive and time-consuming to obtain. In this work, we propose a novel semi-supervised multi-parametric feature decomposition framework for VP delineation. Specifically, a correlation-constrained feature decomposition (CFD) is designed to handle the complex cross-sequence relationships by capturing the unique characteristics of each MRI sequence and easing the multi-parametric information fusion process. Furthermore, a consistency-based sample enhancement (CSE) module is developed to address the limited labeled data issue, by generating and promoting meaningful edge information from unlabeled data. We validate our framework using two public datasets, and one in-house Multi-Shell Diffusion MRI (MDM) dataset. Experimental results demonstrate the superiority of our approach in terms of delineation performance when compared to seven state-of-the-art approaches.