Eyewear Market - By Product (Spectacles, Contact Lens, and Sunglasses), By Type (Prescription, Non Prescription), By Frame Material, By Shape, By Price Range, By End User, By Distribution Channel Forecast 2024 – 2032

Eyewear Market - By Product (Spectacles, Contact Lens, and Sunglasses), By Type (Prescription, Non Prescription), By Frame Material, By Shape, By Price Range, By End User, By Distribution Channel Forecast 2024 – 2032

Eyewear Market size will record 5.1% CAGR from 2024 to 2032, driven by the rising prevalence of vision problems, such as myopia, hyperopia, and astigmatism, particularly among the younger population due to increased screen time and digital device usage. As per China’s National Disease Control and Prevention Administration, the rate of myopia among children and adolescents amounted to 51.9% in 2022. Rising advances in lens technology, such as blue light filtering, anti-reflective coatings, and photochromic lenses are attracting consumers seeking enhanced functionality and protection for their eyes, subsequently adding to the market growth.

The eyewear industry is classified into product, type, frame material, shape, price, end user, distribution channel, and region.

By product, the industry size from the sunglasses segment will witness lucrative growth through 2032. Sunglasses are gaining popularity as a fashion accessory, with many consumers purchasing multiple pairs to match different outfits and occasions. Growing awareness of the harmful effects of UV rays on eye health is also driving the demand for sunglasses with UV protection as they help prevent eye conditions, such as cataracts and macular degeneration.

Based on frame material, the eyewear market share from the plastic segment will record significant expansion from 2024 to 2032. Plastic frames can be easily customized to cater to different textures, finishes, and embellishments for offering unique and personalized options. These frames are also generally hypoallergenic, making them suitable for individuals with metal allergies. Increasing availability of Eco-friendly and biodegradable plastic materials to appeal to environmentally conscious consumers will also drive the segment growth.

Regionally, the Asia Pacific eyewear industry value will register substantial CAGR through 2032, propelled majorly by the growing elderly population in countries like Japan and China along with the strong need for vision correction products. Rising disposable incomes and brand awareness are leading to the higher demand for premium and designer eyewear brands. Rapid urbanization and increasing disposable incomes in emerging economies like India, Indonesia, and Vietnam are further driving innovations in eyewear, adding to the regional market growth.