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Sunglasses Market Trends

Report ID: GMI12063
Published Date: Oct 2024
Report Format: PDF

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Sunglasses Market Trends

In the sunglasses industry, a significant trend is the growing consumer preference for sustainable and eco-friendly eyewear. With rising environmental awareness, consumers increasingly seek products crafted from sustainable materials, such as biodegradable or recycled frames, lenses, and packaging. In response, brands are adopting eco-conscious practices in their manufacturing processes, utilizing materials like bio-acetate frames, bamboo, and recycled plastics, while also minimizing production waste. This trend resonates strongly with younger consumers, who prioritize sustainability in their purchasing choices, offering brands a unique edge in a saturated market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for sunglasses was valued at USD 24.4 billion in 2023 and is projected to reach USD 33.5 billion by 2032, driven by a CAGR of 3.6% from 2024 to 2032.

The polarized segment held a revenue of USD 13.9 billion in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period, driven by its glare-reducing and UV-protective properties.

The U.S. dominated the North American market with a 73.9% share in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period, driven by substantial consumer demand for both functional and fashion-forward eyewear.

Major players in the industry include De Rigo Vision, Essilor International, Fielmann, Johnson & Johnson Vision Care, Luxottica Group, LVMH Moët Hennessy Louis Vuitton, Marchon Eyewear, and Marcolin.