Middle East & Africa Cashmere Clothing Market Size & Outlook
Middle East & Africa cashmere clothing market, 2018-2030 (US$M)
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MEA cashmere clothing market highlights
- The MEA cashmere clothing market generated a revenue of USD 41.7 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, sweaters and coats was the largest revenue generating product in 2023.
- Tees and Polo is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 41.7 million |
| Market revenue in 2030 | USD 69.4 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sweaters and Coats, Pants and Trousers, Tees and Polo |
| Key market players worldwide | Brunello Cucinelli SpA, The Naga Group AG, Repeat Cashmere, Lvmh Moet Hennessy Louis Vuitton SE, Pringle of Scotland, Autumn Cashmere, TSE Cashmere, 360Cashmere, White + Warren, Dawson Forte Cashmere, Lisa Todd, Gobi Cashmere |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.5% of the global cashmere clothing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 126.0 million by 2030.
Key Regions: U.S. , Japan , Brazil , South Africa , Germany
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa cashmere clothing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cashmere clothing market will help companies and investors design strategic landscapes.
Sweaters and coats was the largest segment with a revenue share of 48.2% in 2023. Horizon Databook has segmented the Middle East & Africa cashmere clothing market based on sweaters and coats, pants and trousers, tees and polo covering the revenue growth of each sub-segment from 2018 to 2030.
There has been a noticeable uptick in luxury consumption in the Middle East & Africa, particularly in terms of high-end clothing items such as cashmere. This can be attributed to increasing disposable incomes in urban areas, the vibrant fashion scenes in major cities, and growing fashion consciousness among consumers.
Consequently, there has been a rising interest in cashmere clothing, renowned for its superior quality, soft texture, and elegant appeal. In response, many global apparel brands have been tapping into the evolving landscape of the MEA region and launching cashmere and wool combinations for seasonal needs.
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Our clientele includes a mix of cashmere clothing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cashmere clothing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cashmere clothing market size, by country, 2018-2030 (US$M)
Middle East & Africa Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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