The Philippines Eyewear

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,210	35 Pages	Euromonitor International	May, 2024	EP18845741

Best Price Guarantee
Price	from $1,210
Length	35 Pages
Publisher	Euromonitor International
Published Date	May, 2024
SKU	EP18845741

Eyewear in the Philippines

The market for eyewear in the Philippines is expected to see significant growth in current value terms in 2024, with sales rising in all three categories. This will be in the context of gradually improving economic conditions, including government efforts to contain inflation, which will encourage consumer spending. The concept of Business Process Outsourcing (BPO), which involves delegating certain business functions, such as customer service, to a third party provider, has also seen an increas...

Euromonitor International's Eyewear in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Contact Lenses and Solutions, Spectacles, Sunglasses.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Eyewear market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Eyewear in the Philippines
Euromonitor International
May 2024
List Of Contents And Tables
EYEWEAR IN THE PHILIPPINES
EXECUTIVE SUMMARY
Eyewear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for eyewear?
MARKET DATA: Table 1 Sales of Eyewear by Category: Volume 2019-2024; Table 2 Sales of Eyewear by Category: Value 2019-2024; Table 3 Sales of Eyewear by Category: % Volume Growth 2019-2024; Table 4 Sales of Eyewear by Category: % Value Growth 2019-2024; Table 5 NBO Company Shares of Eyewear: % Value 2019-2023; Table 6 LBN Brand Shares of Eyewear: % Value 2020-2023; Table 7 Distribution of Eyewear by Format: % Value 2019-2024; Table 8 Forecast Sales of Eyewear by Category: Volume 2024-2029; Table 9 Forecast Sales of Eyewear by Category: Value 2024-2029; Table 10 Forecast Sales of Eyewear by Category: % Volume Growth 2024-2029; Table 11 Forecast Sales of Eyewear by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES: Summary 1 Research Sources
CONTACT LENSES AND SOLUTIONS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Contact lenses and solutions see a strong performance, in context of increasing urbanisation and enhanced levels of consumer purchasing power
Millennials represent key target market for contact lenses, especially cosmetic variants
Content lens solutions found in health and beauty retailers become more sophisticated, thanks to an increasingly knowledgeable consumer base
PROSPECTS AND OPPORTUNITIES
Urbanisation set to fuel further expansion for optical goods stores in the Philippines, while more consumers will be willing to pay a premium for greater comfort
E-commerce will continue to gather pace Due to the cosmopolitan industry, retailing channels differ according to the positioning of the brand.
Market is particularly welcoming to new brands
CATEGORY DATA: Table 12 Sales of Contact Lenses by Category: Volume 2019-2024; Table 13 Sales of Contact Lenses by Category: Value 2019-2024; Table 14 Sales of Contact Lenses by Category: % Volume Growth 2019-2024; Table 15 Sales of Contact Lenses by Category: % Value Growth 2019-2024; Table 16 Sales of Contact Lens Solutions: Value 2019-2024; Table 17 Sales of Contact Lens Solutions: % Value Growth 2019-2024; Table 18 Sales of Contact Lenses by Type: % Value 2019-2024; Table 19 Sales of Daily Disposable Lenses (DD) by Material: % Value 2019-2024; Table 20 Sales of Daily Disposable Lenses (DD) by Condition: % Value 2019-2024; Table 21 Sales of Frequent Replacement Lenses (FRP) by Material: % Value 2019-2024; Table 22 Sales of Frequent Replacement Lenses (FRP) by Condition: % Value 2019-2024; Table 23 NBO Company Shares of Contact Lenses: % Value 2019-2023; Table 24 LBN Brand Shares of Contact Lenses: % Value 2020-2023; Table 25 Distribution of Contact Lenses by Format: % Value 2019-2024; Table 26 Distribution of Contact Lens Solutions by Format: % Value 2019-2024; Table 27 Forecast Sales of Contact Lenses by Category: Volume 2024-2029; Table 28 Forecast Sales of Contact Lenses by Category: Value 2024-2029; Table 29 Forecast Sales of Contact Lenses by Category: % Volume Growth 2024-2029; Table 30 Forecast Sales of Contact Lenses by Category: % Value Growth 2024-2029; Table 31 Forecast Sales of Contact Lens Solutions: Value 2024-2029; Table 32 Forecast Sales of Contact Lens Solutions: % Value Growth 2024-2029
SPECTACLES IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Spectacles see healthy growth, alongside rise in BPO, increasing levels of awareness of the need for vision correction and innovation by major players
Single vision lenses retain their popularity, although consumer awareness of bifocals and progressives is steadily increasing, together with lenses offering myopia control
Entry of Japanese players threatens local brands
PROSPECTS AND OPPORTUNITIES
Players will continue to drive growth through blend of technological advancements and aesthetics
E-commerce will play key role in driving growth, although more premium outlets are expected to appear, alongside growing consumer awareness
Move towards more sustainable spectacles
CATEGORY DATA: Table 33 Sales of Spectacles by Category: Volume 2019-2024; Table 34 Sales of Spectacles by Category: Value 2019-2024; Table 35 Sales of Spectacles by Category: % Volume Growth 2019-2024; Table 36 Sales of Spectacles by Category: % Value Growth 2019-2024; Table 37 Sales of Spectacle Lenses by Type: % Value 2019-2024; Table 38 NBO Company Shares of Spectacles: % Value 2019-2023; Table 39 LBN Brand Shares of Spectacles: % Value 2020-2023; Table 40 Distribution of Spectacles by Format: % Value 2019-2024; Table 41 Forecast Sales of Spectacles by Category: Volume 2024-2029; Table 42 Forecast Sales of Spectacles by Category: Value 2024-2029; Table 43 Forecast Sales of Spectacles by Category: % Volume Growth 2024-2029; Table 44 Forecast Sales of Spectacles by Category: % Value Growth 2024-2029
SUNGLASSES IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Revival of tourism spurs demand
Luxury brands remain popular, but local player Sunnies continues to attract the attention of mass consumers
Retailers adapt to changing consumer preferences
PROSPECTS AND OPPORTUNITIES
Rising levels of affluence will lead to shift towards luxury brands, while retailers will focus on experiential store designs in areas frequented by high-income consumers
Players will continue to drive growth through technological innovation, with mineral glass, polarised lenses and customisable frames being key trends
Rising credit opportunities will encourage consumer spending on sunglasses
CATEGORY DATA: Table 45 Sales of Sunglasses: Volume 2019-2024; Table 46 Sales of Sunglasses: Value 2019-2024; Table 47 Sales of Sunglasses: % Volume Growth 2019-2024; Table 48 Sales of Sunglasses: % Value Growth 2019-2024; Table 49 NBO Company Shares of Sunglasses: % Value 2019-2023; Table 50 LBN Brand Shares of Sunglasses: % Value 2020-2023; Table 51 Distribution of Sunglasses by Format: % Value 2019-2024; Table 52 Forecast Sales of Sunglasses: Volume 2024-2029; Table 53 Forecast Sales of Sunglasses: Value 2024-2029; Table 54 Forecast Sales of Sunglasses: % Volume Growth 2024-2029; Table 55 Forecast Sales of Sunglasses: % Value Growth 2024-2029