India Luxury Eyewear Market Research Report: Forecast (2025-2030)

Market Definition

Luxury eyewear denotes high-end premium eyewear items that showcase exceptional craftsmanship, designer labels, and innovative materials. These eye wears hold fashion implications on account of possessing stylistic and functional features, like UV protection, comfort for the eyes, and advanced lens technologies.

Market Insights & Analysis: India Luxury Eyewear Market (2025-30):

The India Luxury Eyewear Market size was valued at around USD 891 million in 2024 and is projected to reach USD 1,721 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.72% during the forecast period, i.e., 2025-30. A few factors that drive the growth of this market are superior quality with durability that makes them stylish, and highly comfortable and gives high protection from UV rays, thus protecting human eyes from cancer, skin aging, and diseases like cataracts, glaucoma, etc., and other eye-related problems. Moreover, the increasing young population and disposable incomes of Indians have inclined them more towards spending on luxury eyewear. This is because such branded eyewear acts as a symbol of status among rich individuals. This results in a rise in sales of luxury eyewear, with a notable increase in tier-II and tier-III cities.

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Additionally, the number of High Net Worth Individuals (HNWI) in India is also continuously increasing over the past years. These people are more likely to spend a high amount on eyewear as they are more inclined towards regularly upgrading fashion trends. For instance, there were about 3.589 million HNWI in India in 2023 which shows an increment of around 12.2% as compared to the previous year. Hence, the high income of people in India directly correlates with high spending on eyewear as using the latest eyewear shows the rich status of people.

Furthermore, the lifestyle of people in India is constantly evolving. Various people spend plenty of hours in front of computer screens or mobile phones. For instance, the average screen time of a person in India in 2024 is around 4.3 hours per day. As a result, the demand for eyewear that comes with advanced coatings has increased. Also, eyewear with features like blue light filtering can avoid the negative impacts of screen rays. Therefore, the high income of people in India has inclined them towards premium eyewear that is comfortable and protective for the human eyes while aligning with the latest fashion trends.

India Luxury Eyewear Market Driver:

Rising Health and Fashion Awareness – The rising focus on eye health and fashion awareness especially among Millennials and Gen Z in India, is driving the growth of the luxury eyewear market in india. In the past years, eyewear was mainly related to aging or eye-related diseases, but in recent years, they have evolved into fashion equipment, allowing people to present their unique personalities and tastes. Hence, people buy expensive glasses to show their status.

Moreover, in India, Gen Z's growing awareness of health has prompted brands to introduce eyewear that combines fashion with functionality, such as blue light blocking and UV protection lenses. Further, the need for eyewear is growing as these generations are experiencing vision problems because of factors like high screen time, environmental bacteria, and aging populations. Therefore, due to attractive style and health benefits, high-end eyewear has gained popularity in recent years, and this trend is expected to evolve further in the forecast years.

India Luxury Eyewear Market Opportunity:

Expansion of E-Commerce and Digital Marketing Offering Untapped Potential – The rapid expansion of e-commerce and digital marketing presents an awesome opportunity for the Indian luxury eyewear market. This is because online shopping has surged across the region, especially among young clients who prefer the convenience of shopping from home. For instance, in 2023, there were around 240 million people who shopped online.

Additionally, movies and social media platforms play a vital role in influencing buying decisions. India has seen increased celebrity marketing in the eyewear industry, with local and international brands paying influencers to increase their popularity. For instance, Alia Bhatt, an Indian actress, was made the brand ambassador of Gucci in 2024. Therefore, expanding e-commerce provides a lucrative growth opportunity for the market as people are attracted by various eyewear through social media platforms that can be easily purchased through online shopping platforms.

India Luxury Eyewear Market Challenge:

Availability of Counterfeit & Low-Cost Alternatives – A significant challenge for the India Luxury Eyewear Market is the presence of counterfeit premium eyewear products that are available at cheaper prices. The general presence of counterfeit goods not only harms the image of manufacturers but also results in economic losses for manufacturer of luxury eyewear. For instance, duplicate products decrease the sales of well-known brands by about 15% every year.

Moreover, fake eyewear generally lacks quality and fails to provide the eye safety benefits that real products deliver. This may pose a risk to the fitness of consumers. Therefore, the presence of fake products can limit the market growth, however, some luxury eyewear manufacturers address this challenge using holograms, RFID tags, and blockchain, which assure the genuineness of their objects and guard their market position against counterfeiters.

India Luxury Eyewear Market Trend:

Integration of Smart & Connected Eyewear – The incorporation of technology in luxurious eyewear is a growing fashion that reshapes the market. Smart glasses equipped with AR, Bluetooth capabilities, and health-tracking capabilities are set to become increasingly popular with tech-savvy users. For instance, the Ray-Ban Meta smart glasses launched in 2023 are equipped with a camera and voice assistant feature that can help in taking photos, live streaming on social media platforms, asking anything on the go from Meta AI, and much more.

Furthermore, luxurious eyewear traces are also integrating advanced technologies like blue light-filtering lenses and adaptive lenses that adjust according to lighting, imparting users enhanced comfort and safety. Therefore, this suggests a growing need for eyewear that goes beyond simply providing vision comfort, with the help of modern technological elements, and such products are expected to further evolve in the coming years. For instance, Ampere launched Dusk sunglasses whose tint can be adjusted as per personal convenience by using their app.

India Luxury Eyewear Market (2025-30): Segmentation Analysis

The India Luxury Eyewear Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the country level. Based on the analysis, the market has been further classified as:

Based on Product Type:

• Optical Glasses
  • Prescription Glasses
  • Fashion Eyewear
  • Reading Glasses
  • Computer Glasses
• Sunglasses
• Contact Lenses

Based on the type of luxury eyewear, sunglasses hold a major market share of around 67%. This growth is due to the functionality offered by sunglasses. They protect against UV rays while being stylish as per the latest fashion trends, which attracts a huge customer base. High disposable incomes have pushed people to spend on these luxury items. Moreover, celebrity endorsements and online media influencers further enhance the growing demand for expensive designer sunglasses. Additionally, the recent increase in focus on damages caused by UV rays is further accelerating the demand for quality sunglasses that not only are protective but also give a premium look. Therefore, due to their functionality, sunglasses are the most popular segment, and this dominance is expected to remain in the future as well.

Based on the Distribution Channels:

• Online
• Offline

Based on the distribution channels, the offline segment leads the India Luxury Eyewear Market. It holds about 76% of the total market. This is because the offline channel in India has a high concentration of luxury retail outlets and exclusive boutiques. For instance, Ray-Ban’s products are highly available at multi-brand showrooms across India. Similar figures are there for multiple brands. This shows the high number of premium eyewear outlets. In-store shopping has been highly preferred by Indian consumers when it comes to high-end eyewear. This helps consumers to personally experience the product, try out the frames, and get appropriate assistance. Therefore, due to the high availability of branded products in offline stores, they have attracted a high number of customers thus making the offline channel a leading segment, and this dominance is expected to remain in the future as well due to the focused mentality of Indians while purchasing premium and expensive products.

India Luxury Eyewear Industry Recent Development:

• 2024: Gucci has established its new outlet in Bandra, Mumbai. This showroom is spread across over 5,800 square feet and has a great collection of accessories, including sunglasses for both men and women.
• 2024: Bvlgari partnerships with Tata CLiQ to launch their first digital boutique. This partnership aimed to maximize the reach of its high-end products to the rapidly expanding customer base across India.

Gain a Competitive Edge with Our India Luxury Eyewear Market Report

1. India Luxury Eyewear Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. India Luxury Eyewear Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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