Report : South & Central America Sports Sunglasses Market Forecast to 2030 - Regional Analysis - by Type (Polarized and Non-Polarized), Category (Men, Women, Unisex, and Kids), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
At 5.9% CAGR, the South & Central America Sports Sunglasses Market is Speculated to be worth US$ 824.50 million by 2030, says Business Market Insights
According to Business Market Insights research, the South & Central America sports sunglasses market was valued at US$ 519.41 million in 2022 and is expected to reach US$ 824.50 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Upsurging participation in sports activities and emerging inclination toward sustainable and eco-friendly products are among the critical factors attributed to the South & Central America sports sunglasses market expansion.
Growing awareness regarding sustainable and eco-friendly products and commitment to environmental responsibility among consumers and manufacturers propel the demand for products aligning with their eco-conscious values. As environmental concerns become pronounced, individuals participating in outdoor activities and sports seek products that minimize their ecological footprint. Sports sunglasses made of sustainable materials, such as recycled plastics, bamboo, or other biodegradable options, gain popularity. These materials reduce the environmental impact of manufacturing and offer a sustainable end-of-life cycle, which resonates with eco-conscious consumers.
Furthermore, eco-friendly manufacturing processes and practices are becoming a focal point in the sports sunglasses market. Brands are reducing waste, minimizing energy consumption, and lowering their carbon footprint while producing eyewear. This commitment to sustainable practices enhances the brand's reputation and resonates with consumers who prioritize environment-friendly products. Sea2see, a sustainable premium eyewear brand, offers sports sunglasses made of 100% up-cycled sea plastic. Also, uvex group, a manufacturer of protective eyewear, offers uvex downhill 2100 CV planet ski goggles made of consistently sustainable materials - from lens to strap. This product received an award in the "product design" category in 2022. According to the jury, the uvex downhill 2100 CV planet design remarkably cleverly responds to the desire of an environmentally conscious generation of consumers to combine sustainability and modern design. Such product launches and initiatives by various manufacturers fulfill the demand of environment-conscious consumers.
Furthermore, in response to this trend, some manufacturers are embracing circular economy principles, offering repair and recycling programs for their sports sunglasses. This approach extends the lifespan of products and minimizes waste, appealing to consumers looking for long-lasting and sustainable eyewear options. By integrating sustainability into their core values, companies are capitalizing on a growing demand for eco-friendly sports sunglasses and contributing to a more environmentally responsible sports industry.
On the contrary, seasonality of demand hampers the South & Central America sports sunglasses market.
Based on type, the South & Central America sports sunglasses market is bifurcated into polarized and non-polarized. The non-polarized segment held 74.5% share of South & Central America sports sunglasses market in 2022, amassing US$ 386.83 million. It is projected to garner US$ 602.24 million by 2030 to expand at 5.7% CAGR during 2022-2030.
Based on category, the South & Central America sports sunglasses market is segmented into men, women, unisex, and kids. The men segment held 45.8% share of South & Central America sports sunglasses market in 2022, amassing US$ 237.86 million. It is projected to garner US$ 352.64 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on distribution channel, the South & Central America sports sunglasses market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 52.4% share of South & Central America sports sunglasses market in 2022, amassing US$ 271.97 million. It is projected to garner US$ 440.02 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on country, the South & Central America sports sunglasses market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 47.6% share of South & Central America sports sunglasses market in 2022. It was assessed at US$ 247.43 million in 2022 and is likely to hit US$ 375.68 million by 2030, exhibiting a CAGR of 5.4% during 2022-2030.
Key players operating in the South & Central America sports sunglasses market are Adidas AG, Decathlon SE, EssilorLuxottica SA, Nike Inc, Puma SE, and Safilo Group SpA, among others.
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