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Mexico Eyewear Market Size, Share, Growth, Trends, Analysis: By Product: Spectacles, Sunglasses, Contact Lenses, Others; By Price Category: Mass, Premium; By End User: Men, Women, Unisex; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Mexico Eyewear Market Outlook
The Mexico eyewear market size is projected to grow at a CAGR of 7.2% between 2024 and 2032. The market is being driven by the growing prevalence of eyesight-related issues in the country.
Key Takeaways
- 24.8% of the Mexican population suffers from myopia and 21% from hyperopia.
- Sunglasses are expected to constitute a major portion of the Mexico eyewear market share.
- The demand for premium eyewear is expected to witness a strong growth over the forecast period.
The Mexico eyewear market growth can be attributed to the growing focus on eye health and the rising awareness regarding the importance of regular eye checkups among Mexicans. Customers in the country are increasingly preferring high-quality eyewear customised as per their requirements.
Major Mexico eyewear market players, including EssilorLuxottica are investing to establish new facilities for eyewear manufacturing. This is because of increasing incidences of eyesight-related problems in Mexico. Besides, evolving fashion trends are driving a shift towards eyewear that is trendy and stylish.
The Mexico eyewear market expansion is further being fuelled by the expansion of the e-commerce sector. E-commerce platforms not only offer enhanced convenience to customers but also provide a wide range of eyewear to choose from.
Sustainability is one of the key Mexico eyewear market trends, which is fostering innovation in the production of eyewear products. For instance, some companies like Ben & Frank are utilising acetate renew to manufacture sustainable eyeglasses which are of high quality. This material is obtained from certain biobased products and diverts tough plastics away from landfills, thereby resulting in a 50% reduction in carbon dioxide emissions. Cross-industry collaboration plays a crucial role in such innovations.
Over the forecast period, an increase in the discovery of new materials and the shift towards sustainability is expected to accelerate the Mexico eyewear market expansion.
Market Segmentation
Mexico Eyewear Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Product
- Spectacles
- Sunglasses
- Contact Lenses
- Others
Market Breakup by Price Category
- Mass
- Premium
Market Breakup by End User
- Men
- Women
- Unisex
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico eyewear market players are Kering SA, Giorgio Armani S.p.A., Christian Dior SE, Johnson & Johnson Services, Inc., Gianni Versace S.r.l., EssilorLuxottica SA, Safilo Group S.P.A., Alcon Vision LLC, The Cooper Companies, Inc., and Gramo Lenses, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Price Category |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Eyewear Market Overview
8.1 Key Industry Highlights
8.2 Latin America Eyewear Historical Market (2018-2023)
8.3 Latin America Eyewear Market Forecast (2024-2032)
8.4 Latin America Eyewear Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Eyewear Market Overview
9.1 Key Industry Highlights
9.2 Mexico Eyewear Historical Market (2018-2023)
9.3 Mexico Eyewear Market Forecast (2024-2032)
10 Mexico Eyewear Market by Product
10.1 Spectacles
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Sunglasses
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Contact Lenses
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Eyewear Market by Price Category
11.1 Mass
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Premium
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Mexico Eyewear Market by End User
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Unisex
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Mexico Eyewear Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Mexico Eyewear Market by Region
14.1 Baja California
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Northern Mexico
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 The Bajío
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Central Mexico
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Pacific Coast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Yucatan Peninsula
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Trade Data Analysis (HS Code - 900490)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Kering SA
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Giorgio Armani S.p.A.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Christian Dior SE
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Johnson & Johnson Services, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Gianni Versace S.r.l.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 EssilorLuxottica SA
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Safilo Group S.P.A.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Alcon Vision LLC
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 The Cooper Companies, Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Gramo Lenses
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Eyewear Market: Key Industry Highlights, 2018 and 2032
2. Mexico Eyewear Market: Key Industry Highlights, 2018 and 2032
3. Mexico Eyewear Historical Market: Breakup by Product (USD Million), 2018-2023
4. Mexico Eyewear Market Forecast: Breakup by Product (USD Million), 2024-2032
5. Mexico Eyewear Historical Market: Breakup by Price Category (USD Million), 2018-2023
6. Mexico Eyewear Market Forecast: Breakup by Price Category (USD Million), 2024-2032
7. Mexico Eyewear Historical Market: Breakup by End User (USD Million), 2018-2023
8. Mexico Eyewear Market Forecast: Breakup by End User (USD Million), 2024-2032
9. Mexico Eyewear Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Mexico Eyewear Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Mexico Eyewear Historical Market: Breakup by Region (USD Million), 2018-2023
12. Mexico Eyewear Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. Mexico Eyewear Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The different distribution channels in the market include online and offline.
The major end users of eyewear include men, women, and unisex.
The different products considered in the market report are spectacles, sunglasses, and contact lenses, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Kering SA, Giorgio Armani S.p.A., Christian Dior SE, Johnson & Johnson Services, Inc., Gianni Versace S.r.l., EssilorLuxottica SA, Safilo Group S.P.A., Alcon Vision LLC, The Cooper Companies, Inc., and Gramo Lenses, among others.
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