Eyewear in the Philippines

May 2024
USD 1,210
Request More Information

Delivery:

Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).

This report comes in PDF with additional info in Excel included.

Overview:

Understand the latest market trends and future growth opportunities for the Eyewear industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

Data and analysis in this report provides further detailed coverage dedicated to the following key categories:

  • Contact Lenses
  • Spectacles
  • Sunglasses

If you're in the Eyewear industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Eyewear in Philippines report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Eyewear in Philippines?
  • How are sales of contact lenses performing compared to spectacles?
  • Which are the leading brands in Eyewear in Philippines?
  • How are products distributed in Eyewear in Philippines?
  • How are demographic changes impacting demand?
  • To what extent are fashion and consumer affluence growth determinants?
  • Where is future growth expected to be most dynamic?

Eyewear in the Philippines

Eyewear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for eyewear?
Table 1 Sales of Eyewear by Category: Volume 2019-2024
Table 2 Sales of Eyewear by Category: Value 2019-2024
Table 3 Sales of Eyewear by Category: % Volume Growth 2019-2024
Table 4 Sales of Eyewear by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Eyewear: % Value 2019-2023
Table 6 LBN Brand Shares of Eyewear: % Value 2020-2023
Table 7 Distribution of Eyewear by Format: % Value 2019-2024
Table 8 Forecast Sales of Eyewear by Category: Volume 2024-2029
Table 9 Forecast Sales of Eyewear by Category: Value 2024-2029
Table 10 Forecast Sales of Eyewear by Category: % Volume Growth 2024-2029
Table 11 Forecast Sales of Eyewear by Category: % Value Growth 2024-2029

DISCLAIMER

Summary 1 Research Sources

Contact Lenses and Solutions in the Philippines

KEY DATA FINDINGS

Contact lenses and solutions see a strong performance, in context of increasing urbanisation and enhanced levels of consumer purchasing power
Millennials represent key target market for contact lenses, especially cosmetic variants
Content lens solutions found in health and beauty retailers become more sophisticated, thanks to an increasingly knowledgeable consumer base
Urbanisation set to fuel further expansion for optical goods stores in the Philippines, while more consumers will be willing to pay a premium for greater comfort
E-commerce will continue to gather pace Due to the cosmopolitan industry, retailing channels differ according to the positioning of the brand.
Market is particularly welcoming to new brands
Table 12 Sales of Contact Lenses by Category: Volume 2019-2024
Table 13 Sales of Contact Lenses by Category: Value 2019-2024
Table 14 Sales of Contact Lenses by Category: % Volume Growth 2019-2024
Table 15 Sales of Contact Lenses by Category: % Value Growth 2019-2024
Table 16 Sales of Contact Lens Solutions: Value 2019-2024
Table 17 Sales of Contact Lens Solutions: % Value Growth 2019-2024
Table 18 Sales of Contact Lenses by Type: % Value 2019-2024
Table 19 Sales of Daily Disposable Lenses (DD) by Material: % Value 2019-2024
Table 20 Sales of Daily Disposable Lenses (DD) by Condition: % Value 2019-2024
Table 21 Sales of Frequent Replacement Lenses (FRP) by Material: % Value 2019-2024
Table 22 Sales of Frequent Replacement Lenses (FRP) by Condition: % Value 2019-2024
Table 23 NBO Company Shares of Contact Lenses: % Value 2019-2023
Table 24 LBN Brand Shares of Contact Lenses: % Value 2020-2023
Table 25 Distribution of Contact Lenses by Format: % Value 2019-2024
Table 26 Distribution of Contact Lens Solutions by Format: % Value 2019-2024
Table 27 Forecast Sales of Contact Lenses by Category: Volume 2024-2029
Table 28 Forecast Sales of Contact Lenses by Category: Value 2024-2029
Table 29 Forecast Sales of Contact Lenses by Category: % Volume Growth 2024-2029
Table 30 Forecast Sales of Contact Lenses by Category: % Value Growth 2024-2029
Table 31 Forecast Sales of Contact Lens Solutions: Value 2024-2029
Table 32 Forecast Sales of Contact Lens Solutions: % Value Growth 2024-2029

Spectacles in the Philippines

KEY DATA FINDINGS

Spectacles see healthy growth, alongside rise in BPO, increasing levels of awareness of the need for vision correction and innovation by major players
Single vision lenses retain their popularity, although consumer awareness of bifocals and progressives is steadily increasing, together with lenses offering myopia control
Entry of Japanese players threatens local brands
Players will continue to drive growth through blend of technological advancements and aesthetics
E-commerce will play key role in driving growth, although more premium outlets are expected to appear, alongside growing consumer awareness
Move towards more sustainable spectacles
Table 33 Sales of Spectacles by Category: Volume 2019-2024
Table 34 Sales of Spectacles by Category: Value 2019-2024
Table 35 Sales of Spectacles by Category: % Volume Growth 2019-2024
Table 36 Sales of Spectacles by Category: % Value Growth 2019-2024
Table 37 Sales of Spectacle Lenses by Type: % Value 2019-2024
Table 38 NBO Company Shares of Spectacles: % Value 2019-2023
Table 39 LBN Brand Shares of Spectacles: % Value 2020-2023
Table 40 Distribution of Spectacles by Format: % Value 2019-2024
Table 41 Forecast Sales of Spectacles by Category: Volume 2024-2029
Table 42 Forecast Sales of Spectacles by Category: Value 2024-2029
Table 43 Forecast Sales of Spectacles by Category: % Volume Growth 2024-2029
Table 44 Forecast Sales of Spectacles by Category: % Value Growth 2024-2029

Sunglasses in the Philippines

KEY DATA FINDINGS

Revival of tourism spurs demand
Luxury brands remain popular, but local player Sunnies continues to attract the attention of mass consumers
Retailers adapt to changing consumer preferences
Rising levels of affluence will lead to shift towards luxury brands, while retailers will focus on experiential store designs in areas frequented by high-income consumers
Players will continue to drive growth through technological innovation, with mineral glass, polarised lenses and customisable frames being key trends
Rising credit opportunities will encourage consumer spending on sunglasses
Table 45 Sales of Sunglasses: Volume 2019-2024
Table 46 Sales of Sunglasses: Value 2019-2024
Table 47 Sales of Sunglasses: % Volume Growth 2019-2024
Table 48 Sales of Sunglasses: % Value Growth 2019-2024
Table 49 NBO Company Shares of Sunglasses: % Value 2019-2023
Table 50 LBN Brand Shares of Sunglasses: % Value 2020-2023
Table 51 Distribution of Sunglasses by Format: % Value 2019-2024
Table 52 Forecast Sales of Sunglasses: Volume 2024-2029
Table 53 Forecast Sales of Sunglasses: Value 2024-2029
Table 54 Forecast Sales of Sunglasses: % Volume Growth 2024-2029
Table 55 Forecast Sales of Sunglasses: % Value Growth 2024-2029
The following categories and subcategories are included:

Eyewear

Eyewear

Eyewear is the aggregate of contact lenses, spectacles and sunglasses.

See All of Our Definitions
Share:

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This report originates from Passport, our Eyewear research and analysis database.

NEW REPORT GUARANTEE

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!

;