Market Forecast By Product Type (Prescription glasses/spectacles, Sunglasses, Contact lenses), By Mode of Sale (Retail stores, Online stores), By End User (Men, Women) And Competitive Landscape
Product Code: ETC369628 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Eyewear market currently, in 2023, has witnessed an HHI of 5217, Which has increased slightly as compared to the HHI of 2928 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Indonesia Eyewear Market |
Forecast period | 2025-2031 |
CAGR | 3.2% |
Growing Sector | Eyewear |
Indonesia Eyewear Market report thoroughly covers the market By Product Type, By Mode of Sale, By End-User. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Indonesia Eyewear Market is experiencing steady growth, driven by rising consumer awareness of eye health, fashion trends, and increasing disposable incomes. The market is primarily segmented into optical glasses and sunglasses, with both sectors seeing positive trends. The demand for optical glasses is fuelled by an aging population and the growing prevalence of vision problems, while the sunglasses segment is expanding due to heightened awareness of UV protection and their integration into fashion.
Additionally, the rise of online retailing and growing availability of diverse eyewear brands are further boosting market expansion. Urbanization, along with improved access to eyewear products, has created opportunities for both local and international brands. As a result, the Indonesia eyewear market is poised for continued growth in the coming years.
According to 6Wresearch, the Indonesia Eyewear Market is anticipated to grow at a CAGR of 3.2% during the forecast period 2025-2031. The growth of the Indonesia eyewear market is driven by several factors, including increasing awareness about eye health, rising disposable incomes, and growing fashion consciousness among consumers. The country's aging population has also contributed to the demand for optical glasses, as more individuals require vision correction. The rise in digital device usage has further elevated the need for eyewear to combat eye strain, leading to a boost in demand for both prescription glasses and blue-light filtering lenses. Additionally, the expanding middle class and improvements in e-commerce have made eyewear products more accessible across the country.
However, the market faces certain challenges. Price sensitivity remains a key issue, as many consumers still prefer affordable options, which can sometimes limit the growth of premium eyewear brands. Counterfeit and low-quality products also pose a significant challenge, as they undermine brand trust and consumer confidence. Additionally, despite the growth of e-commerce, limited access to retail outlets in rural areas and a lack of awareness in some segments of the population hinder the market's full potential. Overcoming these barriers will be crucial for sustaining long-term growth in Indonesia's eyewear market.
Indonesia eyewear market is witnessing several key trends that are shaping its growth. One prominent trend is the increasing popularity of fashion-forward eyewear, particularly in the sunglasses segment. Consumers are increasingly choosing eyewear not only for functional purposes but also as a style statement, driving demand for trendy and branded sunglasses. Another trend is the rise of e-commerce platforms, which are making eyewear products more accessible to a wider audience, particularly in urban and semi-urban areas. With the growth of online shopping, eyewear brands are investing in digital marketing and virtual try-on technologies to enhance the consumer shopping experience.
Additionally, there is a growing demand for eyewear products designed with advanced features, such as blue light-blocking lenses and UV protection, driven by the increase in screen time and awareness about eye health. Sustainability is also becoming more important, with eco-friendly materials and sustainable manufacturing processes gaining traction among environmentally conscious consumers. These trends indicate that the Indonesian eyewear market is evolving, with a shift toward more stylish, tech-savvy, and eco-friendly options.Top of Form
Indonesia eyewear market share presents several investment opportunities, driven by both the growing demand for eyewear products and evolving consumer preferences. One significant opportunity lies in the rising demand for optical glasses, especially with the increasing prevalence of vision-related issues and the aging population. Investors can tap into this by offering a range of affordable yet quality eyewear solutions that cater to the mass market, especially in rural areas where access to eyewear is limited. Another promising area is the sunglasses sector, fueled by a combination of fashion trends and increased awareness of UV protection.
Brands that can blend style with functionality have the potential to capture the attention of young, fashion-conscious consumers. Furthermore, the rise of e-commerce and online retailing creates opportunities for both local and international eyewear brands to reach a wider audience. Investors could focus on digital platforms that enable consumers to virtually try on eyewear or offer personalized fittings. The growing interest in sustainable products also opens avenues for businesses that specialize in eco-friendly eyewear made from recyclable or bio-based materials.
Indonesia eyewear market is home to several key players that are shaping the landscape with their innovative offerings and brand presence. International brands such as Ray-Ban, Oakley, and Prada dominate the premium eyewear segment, bringing stylish and high-quality optical glasses and sunglasses to the Indonesian market. These global players benefit from strong brand recognition and a loyal customer base, particularly in urban areas. Local brands like Optik Seis and Bukalapak are also making their mark by offering a diverse range of eyewear products at competitive prices, catering to budget-conscious consumers while still maintaining a focus on quality and comfort.
Optik Seis, in particular, has a robust presence with physical stores and a growing online presence, capitalizing on the increasing demand for eyewear across Indonesia. Another key player is the e-commerce platform Lazada, which has been a significant distributor of eyewear products in the online space, enabling both international and local brands to reach a broader consumer base. Additionally, eyewear brands that specialize in affordable, functional eyewear, such as Men's Club and Mr. Spex, have gained popularity in Indonesia, meeting the needs of consumers who prioritize practical solutions without compromising on style. The growing trend of online shopping has led to the rise of digital-native eyewear brands, such as Warby Parker and Zenni Optical, that have the potential to disrupt the traditional retail model by offering virtual try-ons, home delivery, and custom-made solutions. These leading players are positioning themselves strategically to capture a share of the expanding Indonesian eyewear market, where competition between established and emerging brands is intensifying.
Indonesian eyewear Industry is subject to various government regulations that aim to ensure the safety, quality, and accessibility of eyewear products. The Indonesian National Agency of Drug and Food Control (BPOM) plays a significant role in regulating the safety standards of eyewear, particularly in ensuring that lenses and frames are free from harmful materials and meet international safety requirements. Additionally, the Ministry of Health in Indonesia sets guidelines for optical health services, influencing how eyewear products are marketed and sold, particularly prescription glasses, to ensure they meet medical standards. There are also regulations related to labeling and advertising, ensuring that eyewear products accurately communicate their features, such as UV protection or blue-light filtering capabilities, which is critical for consumer safety and informed purchasing decisions.
The Indonesian government has also been working to improve access to optical care across the country, with programs aimed at providing affordable eyewear solutions to lower-income segments, which has implications for eyewear manufacturers and retailers. Furthermore, import duties and taxes are applied to imported eyewear products, which can influence the pricing strategy for international brands entering the market. As consumer demand for sustainable products grows, regulations regarding eco-friendly materials and the environmental impact of eyewear production may also become more prominent in the future.
The Indonesia eyewear market growth looks promising, with significant growth expected across various segments due to evolving consumer preferences and demographic shifts. As the middle class continues to expand and disposable incomes rise, demand for both functional and fashionable eyewear is likely to increase. The optical glasses segment is set to benefit from a growing awareness of vision health, driven by the aging population and the rising prevalence of digital eye strain. This will likely lead to a boost in demand for prescription eyewear and blue-light blocking lenses. The sunglasses market is also expected to thrive, fueled by fashion trends and a heightened awareness of UV protection, especially among younger consumers.
E-commerce will play a pivotal role in the market's growth, with online platforms offering greater accessibility to eyewear products, personalized experiences such as virtual try-ons, and the convenience of home delivery. Additionally, sustainability will become a key factor, as eco-conscious consumers seek out eyewear made from recyclable or environmentally friendly materials. As a result, companies that prioritize innovation, quality, and sustainability are likely to dominate the market. The government's initiatives to improve optical care access and reduce import tariffs could further support the growth of the eyewear market. Overall, the Indonesia eyewear market is expected to continue its expansion, with both local and international players investing in innovation, customer engagement, and sustainability to capture the increasing demand for eyewear products.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Parth, Senior Research Analyst,6Wresearch, the prescription glasses/spectacles is experiencing significant growth, driven by the increasing prevalence of vision problems and the aging population. With more people requiring vision correction, the demand for prescription eyewear continues to rise, especially in urban areas where access to optical services is more widespread. This growth is further supported by advancements in lens technology, such as blue-light blocking lenses and progressive lenses, catering to consumers' evolving needs.
Online stores are experiencing significant growth, driven by the increasing adoption of e-commerce and the convenience it offers consumers. As digital platforms become more accessible, consumers are increasingly turning to online retailers for a wider selection of eyewear products, ranging from prescription glasses to sunglasses. The ability to shop from home, combined with features such as virtual try-ons and home delivery, has made online shopping a preferred option for many.
The women are experiencing notable growth, driven by a combination of fashion trends and increasing awareness of eye health. Women in Indonesia are increasingly adopting eyewear as both a functional and fashionable accessory, contributing to the rising demand for stylish optical glasses and sunglasses. This trend is particularly prominent among younger consumers who view eyewear as a key part of their overall style.
The report provides a detailed analysis of the following market segments: