Asia Pacific Eyewear Market size was valued at USD 42.50 Bn. in 2022 and the total Eyewear revenue is expected to grow by 13.5% from 2023 to 2029, reaching nearly USD 103.12 Bn.
Asia Pacific Eyewear Market Overview:
The Asia Pacific eyewear market is rapidly expanding, driven by rising awareness about eye health, increasing disposable incomes, and growing fashion consciousness among consumers. The region has become a significant hub for the eyewear industry, with a diverse population that has varying needs for prescription eyewear, sunglasses, and other optical products. With a large proportion of the population in countries like China and India experiencing vision problems, the demand for eyewear products is growing substantially. Furthermore, advancements in technology and the availability of more fashionable and affordable eyewear have contributed to the market’s expansion.
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Asia Pacific Eyewear Market Trends:
One of the key trends driving the Asia Pacific eyewear market is the growing demand for blue light-blocking glasses. With the increasing use of digital devices for work, entertainment, and communication, consumers are becoming more aware of the potential risks posed by prolonged exposure to blue light, such as digital eye strain. As a result, there is a rising adoption of eyewear products designed to reduce blue light exposure, particularly among millennials and Gen Z consumers who are frequent users of digital devices.
What are Asia Pacific Eyewear Market Dynamics?
The Asia Pacific eyewear market is characterized by the presence of both established international brands and local players, making the market highly competitive. The growing middle-class population in emerging markets such as India and Southeast Asia is contributing to the increased demand for eyewear products. Rising disposable incomes and a growing awareness of eye care are making eyewear more accessible to a larger portion of the population. This has led to a surge in demand for affordable yet high-quality eyewear options.
Asia Pacific Eyewear Market Opportunities:
The growing demand for eyewear in rural and semi-urban areas of Asia presents a significant opportunity for market players to expand their reach. While urban areas remain the primary markets for eyewear products, there is untapped potential in smaller cities and towns where increasing awareness of eye care is fueling demand. Brands that can provide affordable yet stylish eyewear to these regions will be well-positioned for growth. Moreover, offering eyewear solutions that cater to the unique needs of diverse consumer groups, such as those with specific prescription requirements or age-related vision problems, can further boost market opportunities.
What is Asia Pacific Eyewear Market Regional Insight?
In the Asia Pacific region, China is the largest and fastest-growing market for eyewear, driven by its vast population, rapid urbanization, and growing middle-class segment. The demand for both prescription glasses and fashionable eyewear is soaring in the country, and the market is becoming increasingly competitive with the presence of both local and international eyewear brands. Additionally, China’s aging population is further fueling the demand for vision correction products. As more individuals seek solutions for age-related vision problems, the need for eyewear products, particularly bifocals and reading glasses, is expected to rise.
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What is Asia Pacific Eyewear Market Segmentation?
by Product
Contact lenses
Spectacles
Sunglasses
by End User
Men
Women
Kids
Unisex
by Distribution Channel
Store-based
On-store-based
Others
Some of the current players in the Asia Pacific Eyewear Market are:
- Essilor International S.A.
2. Safilo Group S.P.A
3. GrandVision
4. Prada S.P.A.
5. Luxottica Group S.P.A
6. Fielmann AG
7. Carl Zeiss AG
8. Johnson & Johnson, Inc.
9. Marcolin S.p.A.
10. Valeant Pharmaceuticals International
11. Hoya Corporation
12. Essilor International S.A
13. Prada S.p.A
14. Carl Zeiss AG
15. CooperVision
16. Bausch & Lomb Inc.
17. Marchon
18. Alcon Vision
19. Grand Vision
20. Cooper Companies Inc.
21. Safilo Group Spa
22. De Rigo S.p.A
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Key Offerings:
- Past Market Size and Competitive Landscape
- Asia Pacific Eyewear Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Asia Pacific Eyewear Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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