Brazil Sunglasses Market Size & Outlook, 2023-2030
Brazil sunglasses market, 2018-2030 (US$M)
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Brazil sunglasses market highlights
- The Brazil sunglasses market generated a revenue of USD 1,438.6 million in 2023 and is expected to reach USD 2,108.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, non-polarized was the largest revenue generating product in 2023.
- Polarized is the most lucrative product segment registering the fastest growth during the forecast period.
Sunglasses market data book summary
| Market revenue in 2023 | USD 1,438.6 million |
| Market revenue in 2030 | USD 2,108.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polarized, Non-Polarized |
| Key market players worldwide | Essilorluxottica, Safilo Group SpA Az nom Post raggruppamento, Kering SA, Revolve Group Inc Class A, Fielmann Group AG, Lvmh Moet Hennessy Louis Vuitton SE, De Rigo SpA, Charmant, State Optical Co, Marcolin |
Other key industry trends
- In terms of revenue, Brazil accounted for 6.1% of the global sunglasses market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,108.0 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil sunglasses market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sunglasses market will help companies and investors design strategic landscapes.
Non-polarized was the largest segment with a revenue share of 78.24% in 2023. Horizon Databook has segmented the Brazil sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
An increasing number of consumers in Brazil are paying attention to fashion and style, which has broadened the popularity of trendy sunglasses. Aviator, wayfarer, and oversized frames are often in demand, with consumers looking for unique designs and bold colors.
There is also a growing demand for sunglasses with high UV protection ratings and polarized lenses, given rising consumer awareness about the harmful effects of UV rays. In addition, increasing water sports and beach activities in Brazil are shaping the demand for sunglasses among participants.
These consumers require sunglasses to protect themselves from harsh and continued exposure to the sun. Sunglasses that combine sun protection, durability, functionality, and style are in high demand.
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Our clientele includes a mix of sunglasses market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into Brazil sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil sunglasses market size, by product, 2018-2030 (US$M)
Brazil Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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