PROSPECTS AND OPPORTUNITIES
Optical goods stores focus on specialisation as part of their expansion strategies
Sales of spectacles in the Philippines are projected to continue growing at a healthy pace in value and volume terms over the forecast period. This should be supported by an improving economic outlook, population growth, urbanisation, and an increasing prevalence of eye health conditions such as myopia and presbyopia.
Spectacles likely to influenced by the growing focus on sustainability
More consumers, especially those with good financial resources, are becoming increasingly conscious about the wider impact of their purchasing decisions, especially with regard to sustainability. In the Philippines, these concerns have been amplified by legal regulations, such as the continuous implementation of the Extended Product Responsibility Act of 2022 by the Department of Environmental and Natural Resources.
Still plenty of room for innovation as players respond to evolving consumer demands
As competition continues to grow among new and more established brands, manufacturers are expected to maintain their focus on innovation. This is likely to include products that offer more technologically advanced features, such as spectacle lenses for consumers whose eye health is suffering as a direct result of their increasing amount of time spent in front of electronic screens.
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Overview:
Understand the latest market trends and future growth opportunities for the Spectacles 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.
If you're in the Spectacles 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 Spectacles 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 Spectacles in Philippines?
- How are sales of contact lenses performing compared to spectacles?
- Which are the leading brands in Spectacles in Philippines?
- How are products distributed in Spectacles 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?
Spectacles in the Philippines - Category analysis
KEY DATA FINDINGS
Increasing diagnoses of eye health problems fuelling growth in spectacles
EssilorLuxottica remains on top despite increasing competition
Awareness around myopia slowly increasing
Optical goods stores focus on specialisation as part of their expansion strategies
Spectacles likely to influenced by the growing focus on sustainability
Still plenty of room for innovation as players respond to evolving consumer demands
Eyewear in the Philippines - Industry Overview
Eyewear in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for eyewear?
DISCLAIMER
The following categories and subcategories are included:
Spectacles
- Readymade Reading Glasses
- Spectacle Frames
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- Standard Spectacle Lenses
- Myopia Control Spectacle Lenses
Spectacles
This is the aggregation of spectacle frames, spectacle lenses and readymade reading glasses.
See all of our definitionsWhy 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 Spectacles research and analysis database.
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