Brazil Eyewear Market Introduction and Overview
According to SPER Market Research, the Brazil Eyewear Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Brazil Eyewear Market, including market size and trends, product mix, distribution channels, and supplier analysis. Contact lenses, sunglasses, and eyeglasses are among the products available in the market. With several domestic and foreign companies, the business is highly fragmented. These solutions give vision correction while also providing UVA and UVB sun ray protection. Given the increased knowledge of ocular disorders and the frequency of vision abnormalities in the current environment, many prefer to use glasses.
- Absurda: Brazilian eyewear company Absurda is making its US debut. The Brazilian eyewear brand Absurda makes its US debut after gaining popularity in South America. Customers can test up to four kinds for free for five business days before making a purchase using the Brazilian company's "Pick'n Taste" option. A one-year warranty is also included with each pair sold by Absurda.
Market Opportunities and Challenges
The eyewear market in Brazil is expected to experience substantial growth in the foreseeable future due to increasing consumer awareness of eyewear products' fashion and style, which is expected to drive market expansion. The significant growth in sunglasses can be attributed to the country's aging population and numerous new product launches enticing consumers to opt for premium eyewear, further boosting the Brazilian eyewear market's growth.
However, several local eyewear retailers and manufacturers offer more affordable and accessible eyewear frames. Additionally, the market's sales revenue in the coming years is likely to be negatively impacted by limited adoption of luxury sunglasses in Brazil. The primary reasons for the restricted acceptance of these products in developing countries include the high import tariffs that result in elevated costs for luxury sunglasses and contact lenses. The market's growth prospects are expected to be hindered in the near term due to these aforementioned challenges, as well as the lower penetration of contact lenses.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Absurda, Coastal, Gap, Grupo Tecnol Ltda, Safilo, Others. Absurda, a Brazilian eyewear brand known for sunglasses and prescription glasses, is making its debut in the United States after gaining popularity in South America. The brand, recognized for its universal appeal, has manufacturing locations worldwide, including Italy, Cambodia, and Taiwan. It offers trendy eyewear styles and a "Pick'n Taste" option that allows customers to try up to four styles for free before purchasing, similar to Warby Parker. Absurda now operates in the US with a Miami office and an American website, providing its eyewear collection to a wider audience.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Distribution Channel, By End User
|
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | Absurda, Coastal, Gap, Grupo Tecnol Ltda, Safilo, Others
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COVID-19 Impact on Brazil Eyewear Market
Due to disruptions in the supply chain and a halt in manufacturing, it is anticipated that the spread of COVID-19 would contribute to the fall of the eyewear market in Brazil. Additionally, as a result of the operational disruptions during the lockdown in the nation, many of the leading eyeglasses companies are anticipated to have a short-term decline in sales revenue. This will undoubtedly limit the gradual expansion of the Brazilian eyewear market during the ensuing years.
Key Target Audience:
- Eyewear Enthusiasts
- Eyewear Manufacturers
- Fashion Industry
- Fashion Retailers
- Individuals of all age groups in need of vision correction, eye protection, or fashionable eyewear
- Optometrists and Ophthalmologists
- Others
Our in-depth analysis of the Brazil Eyewear Market includes the following segments:
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By Product:
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Contact Lenses
Spectacles
Sunglasses
Other
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By Distribution Channel:
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Offline
Online
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By End User:
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Female
Male
Unisex
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Key Topics Covered in the Report:
- Brazil Eyewear Market Size (FY’2023-FY’2033)
- Overview of Brazil Eyewear Market
- Segmentation of Brazil Eyewear Market By Product (Contact Lenses, Spectacles, Sunglasses, Other)
- Segmentation of Brazil Eyewear Market By Distribution Channel (Offline, Online)
- Segmentation of Brazil Eyewear Market By End User (Female, Male, Unisex)
- Statistical Snap of Brazil Eyewear Market
- Expansion Analysis of Brazil Eyewear Market
- Problems and Obstacles in Brazil Eyewear Market
- Competitive Landscape in the Brazil Eyewear Market
- Impact of COVID-19 and Demonetization on Brazil Eyewear Market
- Details on Current Investment in Brazil Eyewear Market
- Competitive Analysis of Brazil Eyewear Market
- Prominent Players in the Brazil Eyewear Market
- SWOT Analysis of Brazil Eyewear Market
- Brazil Eyewear Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Brazil Eyewear Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Brazil Eyewear Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Brazil Eyewear Market
7. Brazil Eyewear Market, By Product (USD Million)
7.1. Brazil Eyewear Market Value Share and Forecast, By Product, 2023-2033
7.2. Contact Lenses
7.3. Spectacles
7.4. Sunglasses
7.5. Other
8. Brazil Eyewear Market, By Distribution Channel (USD Million)
8.1. Brazil Eyewear Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.2. Offline
8.3. Online
9. Brazil Eyewear Market, By End User (USD Million)
9.1. Brazil Eyewear Market Value Share and Forecast, By End User, 2023-2033
9.2. Female
9.3. Male
9.4. Unisex
10. Brazil Eyewear Market Forecast, 2019-2033 (USD Million)
10.1. Brazil Eyewear Market Size and Market Share
11. Brazil Eyewear Market, By Product, 2019-2033 (USD Million)
11.1. Brazil Eyewear Market Size and Market Share By Product (2019-2026)
11.2. Brazil Eyewear Market Size and Market Share By Product (2027-2033)
12. Brazil Eyewear Market, By Distribution Channel, 2019-2033 (USD Million)
12.1. Brazil Eyewear Market Size and Market Share By Distribution Channel (2019-2026)
12.2. Brazil Eyewear Market Size and Market Share By Distribution Channel (2027-2033)
13. Brazil Eyewear Market, By End User, 2019-2033 (USD Million)
13.1. Brazil Eyewear Market Size and Market Share By End User (2019-2026)
13.2. Brazil Eyewear Market Size and Market Share By End User (2027-2033)
14. Brazil Eyewear Market, By Region, 2019-2033 (USD Million)
14.1. Brazil Eyewear Market Size and Market Share By Region (2019-2026)
14.2. Brazil Eyewear Market Size and Market Share By Region (2027-2033)
14.3. Eastern Region
14.4. Northern Region
14.5. Southern Region
14.6. Western Region
15. Company Profile
15.1. Absurda
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Coastal
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Gap
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Grupo Tecnol Ltda
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Safilo
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
