Eyewear is expected to continue recording positive current value growth in the UK in 2023, albeit at a slightly slower rate than in the two previous years. Following the decline seen in 2020, sales had already returned to pre-pandemic levels in current value terms in 2022, thanks to further easing or lifting of COVID-19 restrictions, following the reopening of stores and the lifting of lockdowns at the start of that year.
The most important trends to impact eyewear sales in 2023 will be driven by consumers adapting their behaviour to contend with high inflation rates and the cost-of-living crisis. As a result of finances being one of the top concerns on patients’ minds, eyewear consumers in 2023 have been researching news ways of buying eyewear items that offer more value, but still offer high quality.
Eyewear giant EssilorLuxottica continued to lead the eyewear space at GBO level in 2023. The company’s full-year results for the 2022 financial year saw strong double-digit growth, despite the fourth quarter slowdown, with record sales of EUR24.
Health and beauty specialists remains the leading distribution channel in the UK eyewear market in 2023, having regained any share lost in 2020 when the COVID-19 pandemic first hit the country. Not surprisingly, within health and beauty specialists, optical goods stores continues to dominate the retail landscape, accounting for the major share of sales, as British consumers still very much value the advice and the personalised approach of the optician.
The UK eyewear industry is expected to continue growing in both current value and volume terms over the forecast period. Eyewear has particularly strong growth potential due to the ageing population and the digitalisation of consumer lifestyles, which is often cited as a key factor that is influencing the increasing prevalence of myopia in the UK.
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Eyewear
Eyewear is the aggregate of contact lenses, spectacles and sunglasses.
See All of Our DefinitionsThis report originates from Passport, our Eyewear research and analysis database.
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