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Base Year
Historical Year
Forecast Year
The Mexico eyewear market is projected to grow at a CAGR of 7.2% between 2024 and 2032. The market is being driven by the growing prevalence of eyesight-related issues in the country.
Mexico Eyewear Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 1.8 |
Market Size 2032 | USD Billion | 2.7 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 7.2% |
CAGR 2024-2032 - Market by Region | Central Mexico | 4.9% |
CAGR 2024-2032 - Market by Region | The Bajío | XX% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 4.7% |
CAGR 2024-2032 - Market by End Use | Women | 4.8% |
Market Share by Country 2023 | The Bajío | 21.7% |
The eyewear market growth in Mexico can be attributed to the growing focus on eye health and the rising awareness regarding the importance of regular eye checkups among Mexicans. Customers in the country are increasingly preferring high-quality eyewear customised as per their requirements.
Major Mexico eyewear market players, including EssilorLuxottica are investing to establish new facilities for eyewear manufacturing. This is because of increasing incidences of eyesight-related problems in Mexico. Besides, evolving fashion trends are driving a shift towards eyewear that is trendy and stylish.
The Mexico eyewear market revenue is further being fuelled by the expansion of the e-commerce sector. E-commerce platforms not only offer enhanced convenience to customers but also provide a wide range of eyewear to choose from.
Market Share by | Region |
The Bajío | 21.7% |
Baja California | XX% |
Northern Mexico | XX% |
Central Mexico | XX% |
Sustainability is one of the key trends contributing to the eyewear market share in Mexico, which is fostering innovation in the production of eyewear products. For instance, some companies like Ben & Frank are utilising acetate renew to manufacture sustainable eyeglasses which are of high quality. This material is obtained from certain biobased products and diverts tough plastics away from landfills, thereby resulting in a 50% reduction in carbon dioxide emissions. Cross-industry collaboration plays a crucial role in such innovations.
Over the forecast period, an increase in the discovery of new materials and the shift towards sustainability is expected to provide significant the Mexico eyewear market opportunities.
As per the import data for Latin America and the Caribbean from ITC Trade Map, total imports for spectacles and goggles rose from 10,781,516 USD thousand in 2019 to 12,525,312 USD thousand in 2023. In 2020, imports fell to 9,828,781 USD thousand but rebounded to 10,818,216 USD thousand in 2021 and further increased to 11,860,561 USD thousand in 2022.
As per the eyewear industry in Mexico, Mexico's imports grew from 140,863 USD thousand in 2019 to 199,378 USD thousand in 2023, with yearly figures of 106,640 USD thousand in 2020, 138,313 USD thousand in 2021, and 168,351 USD thousand in 2022. Brazil's imports decreased from 87,061 USD thousand in 2019 to 60,740 USD thousand in 2020 but then rose to 83,847 USD thousand by 2023, with fluctuations in between. Chile's imports initially fell from 47,850 USD thousand in 2019 to 42,938 USD thousand in 2020 but increased to 56,060 USD thousand by 2023. Peru saw growth from 26,938 USD thousand in 2019 to 31,898 USD thousand in 2023, despite a dip in 2021. Overall, the region experienced a general upward trend in demand for these products over the years.
As per the ITC Trade Map data on spectacles and goggles imported by Mexico, total imports increased from 140,863 USD thousand in 2019 to 199,378 USD thousand in 2023. Imports from China grew from 64,041 USD thousand in 2019 to 80,426 USD thousand in 2023. Imports from Italy rose from 47,645 USD thousand in 2019 to 78,740 USD thousand in 2023. Imports from the United States increased from 8,337 USD thousand in 2019 to 13,061 USD thousand in 2023. Imports from Japan showed a decrease from 4,324 USD thousand in 2019 to 3,908 USD thousand in 2021 but increased to 6,679 USD thousand in 2023. Overall, most suppliers saw an upward trend, indicating robust demand for optical products in Mexico.
The first Mexico-United States Symposium for Eye Health was held in January 2021 as a result of a partnership between the Mexican and US governments in response to the country's growing eye health problems. The conference's major goal was to address the rising number of instances of eye disorders by utilizing low-cost, creative, and scientific public health approaches in cooperative training and binational cooperation.
Mexico Eyewear Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Product
CAGR 2024-2032 - Market by | Price Category |
Mass | 4.7% |
Premium | XX% |
Market Breakup by Price Category
CAGR 2024-2032 - Market by | End Use |
Women | 4.8% |
Men | XX% |
Kids | XX% |
Market Breakup by End User
CAGR 2024-2032 - Market by | Distribution Channel |
Online | 4.7% |
Offline | XX% |
Market Breakup by Distribution Channel
CAGR 2024-2032 - Market by | Region |
Central Mexico | 4.9% |
The Bajío | XX% |
Northern Mexico | 4.4% |
Baja California | XX% |
Pacific Coast | XX% |
Yucatan Peninsula | 3.4% |
Market Breakup by Region
The key players are Kering SA, Giorgio Armani S.p.A., Christian Dior SE, Johnson & Johnson Services, Inc., Gianni Versace S.r.l., EssilorLuxottica SA, Safilo Group S.P.A., Alcon Vision LLC, The Cooper Companies, Inc., and Gramo Lenses, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Price Category |
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Breakup by End User |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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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The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The different distribution channels in the market include online and offline.
The major end users of eyewear include men, women, and Kids.
The different products considered in the market report are spectacles, sunglasses, and contact lenses, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Kering SA, Giorgio Armani S.p.A., Christian Dior SE, Johnson & Johnson Services, Inc., Gianni Versace S.r.l., EssilorLuxottica SA, Safilo Group S.P.A., Alcon Vision LLC, The Cooper Companies, Inc., and Gramo Lenses, among others.
Limited awareness and access to advanced eye care services in rural areas, price sensitivity, and intense competition from counterfeit and low-quality eyewear products will hamper the industry.
The increasing demand for premium eyewear, growing focus on eye health, and expansion of the e-commerce sector are the key trends propelling the market.
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Australia
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India
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Philippines
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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