The global eyewear market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. The rising disposable income, growing awareness, and availability of attractive and affordable eyewear products are the major factors driving the eyewear market, globally. The eyewear designers are regularly innovating the designs of frames to meet the growing demands of fashion enthusiasts. The easy eye check-up at doorsteps and replacement facility on eye gears will boost the market growth during the forecast period. The tracking of social media platforms has enabled the market players to analyze the interests of the customers of different geographic locations. The flexible, unbreakable frames are the emerging trends in the eyewear market that will generate considerable opportunities during the forecast period. However, the stringent government policies against plastics may hamper the growth of the market during the forecast period.
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The ophthalmic clinics and retail stores were closed during the COVID-19 pandemic which had drastically reduced the sales of eyewear. For instance, Johnson and Johnson Services, Inc. had recorded a decline of 11.7% in the sales of vision care products during pandemic as compared to 2019. Additionally, eye examination and surgeries were postponed as they were categorised as non-urgent which had reduced the demand of spectacles and contact lenses.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Eyewear Market Report Segment
By Product Type
- Spectacles
- Sunglasses
- Contact Lenses
- Others
By Distribution Channel
- Offline (including Ophthalmic Clinics, Shopping Malls, and Branded Stores)
- Online (including Retailers and Brand’s Website)
Global Eyewear Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global eyewear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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