Latin America Sunglasses Market Size & Outlook, 2023-2030
Latin America sunglasses market, 2018-2030 (US$M)
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Latin America sunglasses market highlights
- The Latin America sunglasses market generated a revenue of USD 1,932.2 million in 2023.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,932.2 million |
| Market revenue in 2030 | USD 2,823.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.2% of the global sunglasses market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,366.2 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 78.27% in 2023. Horizon Databook has segmented the Latin America sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for sunglasses among people in Central & South America has grown in recent years. This can be attributed to increased awareness of the importance of eye protection from harmful UV rays, resulting in sunglasses becoming a necessity rather than a fashion accessory.
Licensing is a major trend in the regional sunglasses market, with numerous D2C eyewear brands collaborating with investment firms or regional partners to secure licensing deals and agreements. These deals allow D2C brands to leverage the reputation of established brand names and designs and legally produce and distribute eyewear.
This also gives them access to an established consumer base in the eyewear industry. Licensing agreements also enable D2C brands to expand their distribution channels by gaining access to a network of retail stores and e-commerce platforms, which further helps them reach a broader audience.
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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 continent-level data and insights on the Latin America sunglasses market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America sunglasses market size, by country, 2018-2030 (US$M)
Latin America Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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