Eyewear Market to Reach $335.90 Billion by 2030, Growing at 8.6% CAGR

Whats Happening:

The global eyewear market is projected to reach $335.90 billion by 2030, growing at a CAGR of 8.6% from 2025 to 2030. This growth is driven by the evolution of eyewear from purely functional to fashion accessories, increased awareness of eye health, and technological advancements in the industry. The market is seeing a rise in demand for stylish frames, sunglasses for UV protection, and innovative products like blue light filtering glasses.

Key Moves:

• Eyewear market expected to reach $335.90 billion by 2030

• 8.6% CAGR projected from 2025 to 2030

• Prescription glasses segment dominated revenue in 2024

By The Numbers:

• $335.90 billion: Projected eyewear market size by 2030

• 8.6%: Expected CAGR from 2025 to 2030

• E-commerce segment to record fastest CAGR in distribution channels

Key Quotes:

• "This has been a very successful investment for us and exemplifies ACON's disciplined, value-driven strategy and our ability to deliver strong performance despite dynamic market conditions," said Alberto Hernández, Partner at ACON Investments.

• "Our collaboration with Vitalis showcases ACON's ability to grow businesses across Latin America while working alongside management teams to drive sustainable growth, foster innovation and create lasting social and environmental impact."

Bottom Line:

The eyewear market is poised for significant growth, driven by changing consumer preferences, increased eye health awareness, and technological innovations. With a projected value of $335.90 billion by 2030 and a CAGR of 8.6%, the industry is evolving to meet diverse consumer needs across prescription glasses, sunglasses, and contact lenses, while adapting to e-commerce trends and emerging technologies like AR and VR integration.

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