At 6.5% CAGR, the Middle East & Africa Sports Sunglasses Market is projected to be worth US$ 734.67 million by 2030, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa sports sunglasses market was valued at US$ 445.16 million in 2022 and is expected to reach US$ 734.67 million by 2030, registering a CAGR of 6.5% from 2022 to 2030. Upsurging participation in sports activities and increasing awareness of UV protection are among the critical factors attributed to the Middle East & Africa sports sunglasses market expansion.
Many people engage in various sports and outdoor activities. Sports enthusiasts understand the importance of safeguarding their eyes from potential risks such as dust, wind, and debris. Thus, they use sports sunglasses designed to provide optimal protection and enhance performance during sports activities.
Additionally, a diverse range of sports and outdoor pursuits has created a demand for sports sunglasses tailored to fulfill specific needs. For instance, sunglasses designed for cycling often feature aerodynamic designs and interchangeable lenses for varying light conditions, whereas those meant for water sports may have polarized lenses to reduce glare. This customization is driven by rising requirements for specialized equipment, including sunglasses, by participants in different sports to achieve their best performance.
Moreover, the cultural shift toward a healthier and active lifestyle has increased the number of people performing sports and outdoor activities. This shift is not limited to competitive athletes but includes individuals participating in recreational sports, running, hiking, and other leisure activities. Sports sunglasses have become a fashion statement and a symbol of this active lifestyle. Consumers, both athletes and non-athletes, are inclined to invest in high-quality sports sunglasses that can protect their eyes and reflect their commitment to an active and health-conscious way of life. This combination of function and fashion boosts the demand for sports sunglasses.
Therefore, the rise in participation in physical activities and sports activities propels the growth of the sports sunglasses market.
On the contrary, seasonality of demand hampers the Middle East & Africa sports sunglasses market.
Based on type, the Middle East & Africa sports sunglasses market is bifurcated into polarized and non-polarized. The non-polarized segment held 77.0% share of Middle East & Africa sports sunglasses market in 2022, amassing US$ 342.87 million. It is projected to garner US$ 556.21 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on category, the Middle East & Africa sports sunglasses market is segmented into men, women, unisex, and kids. The men segment held 47.2% share of Middle East & Africa sports sunglasses market in 2022, amassing US$ 210.13 million. It is projected to garner US$ 323.15 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on distribution channel, the Middle East & Africa sports sunglasses market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 55.5% share of Middle East & Africa sports sunglasses market in 2022, amassing US$ 247.11 million. It is projected to garner US$ 412.30 million by 2030 to expand at 6.6% CAGR during 2022-2030.
Based on country, the Middle East & Africa sports sunglasses market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 48.9% share of Middle East & Africa sports sunglasses market in 2022. It was assessed at US$ 217.53 million in 2022 and is likely to hit US$ 335.87 million by 2030, exhibiting a CAGR of 5.6% during 2022-2030.
Key players operating in the Middle East & Africa sports sunglasses market are Adidas AG, Decathlon SE, EssilorLuxottica SA, Nike Inc, Puma SE, Safilo Group SpA, and Under Armour Inc, among others.
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