Press Release

A USD0.87 Billion China Luxury Eyewear Market to Accelerate at a CAGR of Around 7.02% During 2025-30

The China Luxury Eyewear Market size was valued at around USD0.87 billion in 2024 and is projected to reach USD1.33 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.02% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth in the market is driven by the rise in luxury item consumption in China. The increase in the number of affluent class and millionaires in the country is driving this demand. This is because of the rise in the discretionary income of individuals and the reduction of responsibilities due to the decline in marriages. This results in individuals satisfying their hunger for novelty, thereby fueling the demand for luxury products like eyewear in China.

Apart from this, the growing fashion awareness due to the influence of social media influencers and celebrities is further driving the demand for luxury eyewear in China. This is because of the presence of a significant population on social media who purchase products that are demonstrated during the live streams. Such live streams explain the product features and their quality, which helps the consumer build convictions before opting to make the purchase. Luxury eyewear companies increasingly use these methods to drive product demand. The unfolding of these scenarios provides significant growth to the luxury eyewear industry, further states the research report, “China Luxury Eyewear Market Analysis, 2025.”

Segmentation Analysis

Millennials Drive the China Luxury Eyewear Market

Based on the Age Group, the market is further bifurcated into, (2 – 10) Years, (11 – 17) Years, (18 – 24) Years, (25 – 40) Years, (41 – 56) Years, and (57+) Years. In 2024, millennials, aged 25 to 40, dominate the China Luxury Eyewear Market, driven by their substantial purchasing power and social influence. Representing 21% of the population, they contribute approximately 28% of the nation’s active consumers' income and account for 45% of the workforce. This demographic is notably tech-savvy, spending significant time on social media platforms, which shapes their purchasing behavior and amplifies their fashion consciousness. The increasing prominence of fashion awareness among millennials makes celebrity and influencer endorsements pivotal in driving demand, as these endorsements help align purchasing preferences with emerging trends. Social media further strengthens their connection to the latest styles, reinforcing their position as the largest consumer segment in the market. These factors collectively establish millennials as the key growth drivers in China's luxury eyewear sector, underscoring the importance of targeted strategies to capture this influential demographic.

Eyeglasses are the Leading Product Type

In 2024, eyeglasses hold the biggest market share in the China Luxury Eyewear Market. This is because of the growing demand for prescription glasses in China due to growing myopic cases, particularly in kids and adolescents, as reported by NDCPA. The rising myopia cases are the result of spending substantial time in front of the digital screen while studying, accessing social media on smartphones, or playing games.

In the case of working professionals as well, there is a substantial demand for computer glasses and prescription glasses because they spend a significant of their time in front of computer screens. Furthermore, in China, social media influencers and celebrities have raised fashion awareness among consumers. This has led to a rise in individual eyeglass usage in the country. These developments result in eyeglasses being the leading eyewear category that is driving the growth in the market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Chinatown Optical Group, Gentle Monster, Puyi Opticals, Kering Eyewear, Mujosh, Mantra Eyewear, Essilor Luxottica, Carl Zeiss, Matsuda, Safilo Group, Luxury Eyesight, Bausch & Lomb, Silhouette, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?