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Report Overview
The Latin America eyewear market size is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034, and the market is expected to reach a value of USD 22.02 billion by 2034. The market development is propelled by the growing demand for eye care services.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Latin America Eyewear Market Trends
An eyewear is an accessory or protective device that is worn over the eyes. They are usually used for several reasons, including for fashion, adornment, protection against UV rays, and to improve vision. Some of the most common forms of eyewear include eyeglasses, sunglasses, contact lenses, or protective goggles.
- The market is likely to expand exponentially owing to the growing ageing population. Elder people are more susceptible to vision impairment, presbyopia, ophthalmic disorders, or other complications related to eye health. Therefore, the eyewear market is expected to grow as the demand for solutions increases.
- The countries in Latin America are rapidly developing, which has increased the disposable income of people. Consumers are becoming more inclined to spend on new fashion trends and better eye health products. The factors, such as rising sales of UV protective lenses to protect eyes from damage are likely to enhance the market value.
- The surging utilisation of digital devices such as smartphones, computers, and televisions, has led to an increase in the number of vision impairment cases. The rising prevalence of eye disorders such as presbyopia, and other types of vision impairment, among the people of Latin America, is a major factor providing growth opportunities for the eyewear market.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Latin America Eyewear Market Segmentation
The EMR’s report titled “Latin America Eyewear Market Report and Forecast 2024-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
- Spectacles
- Sunglasses
- Contact Lenses
Market Spectacles Sunglasses Contact Lenses:
- Retail Store
- Online Store
- Ophthalmic Clinics
Market Breakup by Region:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
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Spectacle Segment to Hold Major Market Share
The market for eyewear, based on product, can be bifurcated into spectacles, sunglasses, and contact lenses. Among these, spectacles are expected to hold a dominating position in the market. People are increasingly wearing glasses due to the increased time spent in front of a digital device. The rising number of cases related to vision impairment, myopia, and hypermetropia, among people is increasing the demand for vision correction devices and other eyewear.
In addition, the market value is likely to be propelled by the rising demand for sunglasses, owing to the presence of branded eyewear and increasing awareness and demand for protection against ultraviolet radiation and glare.
Distribution Channels in the Latin America Eyewear Market
Based on distribution channels, the market divisions include retail store, online store, and ophthalmic clinics. Among these distribution channels, the retail stores are expected to hold a major share of the market as they enhance customer experience by allowing the customers to try the products and let them engage with the retailers. Major players are also expanding their market presence by inaugurating new stores and increasing collaborations and acquisitions.
The online segment is expected to register a high growth rate during the forecast period, owing to the rising penetration of the latest network technologies and smart devices. Customers in more developed regions of Latin America and capital cities are increasingly inclining towards e-commerce platforms.
Competitive Landscape of the Latin America Eyewear Market
Luxottica Group S.p.A.
Luxottica Group S.p.A. is one of the world’s largest companies in the eyewear industry. The company is headquartered in Milan, Italy, and it was founded in 1961. It is a leading company in the design, manufacture, and distribution, of various types of eyewear, including fashion, luxury, sports, and performance eyewear. The company has developed its portfolio to include more than 40 brands such as Ray-Ban, Oakley, and Prada, among many others
Johnson & Johnson Vision Care, Inc.
Johnson & Johnson Vision Care, Inc. is a multinational company, headquartered in Florida, United States. The company is a part of the Johnson & Johnson Group, one of the world’s most broadly based healthcare companies. The company has been operating in the equipment manufacturing industry to develop innovative and effective eye care solutions. They have developed various treatment solutions and products for eye disorders, such as myopia, farsightedness, cataracts, and astigmatism. The company offers a wide range of eye health solutions with some major brands including Acuvue, Catalys, Veritas, and blink, among others.
Karün
Karün is a sustainable eyewear brand, based in Patagonia, South America. The company specializes in manufacturing eyewear frames with recycled materials. The company operates by cooperating with indigenous tribes, and local rural communities, and manufactures products that promote sustainability. The company provides their products to Chile, the USA, Canada, and Europe.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Lema21 Eyewear, Chilis Eyegear, Mita Eyewear, Marchon Eyewear, Inc., and Precise Eyecare.
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Latin America Eyewear Market Report Snapshots
Latin America Eyewear Market Size
Latin America Eyewear Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034.
The market is expected to reach a value of USD 22.02 billion by 2034.
The market is driven by the growing demand for prescribed eyewear among the elderly population due to the rising prevalence of eye disorders and the major players increasing the number of collaborations and acquisitions to build their market presence.
The increased usage of digital devices has surged the demand for prescribed spectacles and the rising prevalence of vision impairment can provide the market with development opportunities.
The countries in the market include Brazil, Mexico, Argentina, Colombia, Chile, and Peru, among others.
The products available in the market include spectacles, sunglasses, and contact lenses.
The eyewear market utilizes retail store, online store, and ophthalmic clinics.
The key players in the market include Luxottica Group S.p.A., Johnson & Johnson Vision Care, Inc., Lema21 Eyewear, Karün, Chilis Eyegear, Mita Eyewear, Marchon Eyewear, Inc., and Precise Eyecare, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Distribution Channels |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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