Middle East & Africa Luxury Goods Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Middle East & Africa Luxury Goods Market Analysis & Companies and it is Segmented by Product Type (Apparel, Footwear, Bags, Jewelry, Watches, and Other Accessories), Distribution Channel (Single-branded Stores, Multi-brand Stores, Online Stores, and Other Distribution Channels), and Country (Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of Middle East and Africa). The report offers market sizes sand values in USD during the forecast period for the abovementioned segments.

Middle East & Africa Luxury Goods Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Middle East & Africa Luxury Goods Market Size

MEA Luxury Goods Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 14.93 Billion
Market Size (2030) USD 20.19 Billion
CAGR (2025 - 2030) 6.23 %
Market Concentration High

Major Players

MEA Luxury Goods Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of MEA Luxury Goods Market with other markets in Consumer Goods and Services Industry

Apparel, Footwear & Accessories

Luxury Goods & Services

Recreational Goods

Baby Care

Beauty and Personal Care

Consumer Services

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Middle East & Africa Luxury Goods Market Analysis

The MEA Luxury Goods Market size is estimated at USD 14.93 billion in 2025, and is expected to reach USD 20.19 billion by 2030, at a CAGR of 6.23% during the forecast period (2025-2030).

In the Middle East and Africa, especially in GCC countries, more than half of the consumers claim to have increased their spending on luxury goods. In the past few years, the Middle East luxury goods industry has been through a period of expansion, as major companies have grown by extending the reach of their brand distribution network and opening new stores in the region. Consumers in countries such as Saudi Arabia prefer luxury goods over conventional ones, owing to their high purchasing power and sustainable demand for these products that reflect their social status. In March 2022, Kering Group's Gucci debuted its glittering high jewellery pieces encompassing necklaces, rings, and bracelets to the United Arab Emirates for the first time, transforming a villa on Palm Jumeirah into a garden for the occasion.

Over the long term, the luxury goods market in the Middle East and Africa is expected to grow because of the increase in disposable income, growing millennial population, increasing tourism, and penetration of global market players in the region. Global market players like Gucci, LMVH, PVH, and Rolex are launching their products in the market, which is grabbing the attention of consumers. For instance, in July 2021, Versace unveiled its new boutique at The Galleria Al Maryah Island, Abu Dhabi, expanding the destination's exceptional portfolio and reinforcing the mall's position as the premier luxury and retail destination in the capital. The e-commerce websites are also growing in the region, which is expected to drive the market over the medium term.

Middle East & Africa Luxury Goods Industry Overview

The Middle East and Africa luxury goods market is a competitive market with the presence of various major players, such as Rolex SA, LVMH Moët Hennessy Louis Vuitton, Kering S.A., Compagnie Financière Richemont S.A., and Chanel SA. The key luxury goods players are embarking on mergers and acquisitions and entering into partnerships /agreements as one of their key strategies to achieve consolidation and optimize their offerings.

Major players are focusing on introducing new product offerings in the market to cater to the interests of the consumers as per ongoing fashion trends among goods, like footwear, accessories, and luggage bags. Since leather products have a significant role to play in the luxury goods market, top companies are engaged in delivering quality leather product offerings for fashion-inspiring consumers.

Middle East & Africa Luxury Goods Market Leaders

  1. Rolex SA

  2. LVMH Moët Hennessy Louis Vuitton

  3. Kering S.A.

  4. Compagnie Financière Richemont S.A.

  5. Chanel S.A

  6. *Disclaimer: Major Players sorted in no particular order
MEA Luxury Goods Market Concentration
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Middle East & Africa Luxury Goods Market News

  • November 2022: Santos de Cartier launched new series of jewelry collections that consists of rings, bracelets, and necklaces. The collection consists of a gold chain in two colors, mounted with a single or double row of coffee beans decorated with diamonds of various sizes.
  • May 2022: PRADA Tropico expanded its presence by launching an exclusive pop-up boutique in Dubai. Located at the Mall of Emirates, the store has colorful luxury accessories, ranging from raffia-style bags to bold and bright hats and small accessories. The pop-up store uses multiple combinations of colored stripes and vibrant lighting effects to create a hypnotic retail experience.
  • May 2021: A new Rolex Boutique opened at the Galleria Al Maryah Island in Abu Dhabi, the capital of the United Arab Emirates. The boutique features a "watchbar" and various seating areas where clients are welcome to sit, as well as a VIP room that proudly displays the extensive collection.

Middle East & Africa Luxury Goods Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Rise in Tourism Expected to Drive the Market
    • 4.1.2 Robust Luxury Market Infrastructure
  • 4.2 Market Restraints
    • 4.2.1 Counterfeit Goods Restricting the Market Growth
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Clothing and Apparel
    • 5.1.2 Footwear
    • 5.1.3 Bags
    • 5.1.4 Jewelry
    • 5.1.5 Watches
    • 5.1.6 Other Accessories
  • 5.2 Distribution Channel
    • 5.2.1 Single-branded Stores
    • 5.2.2 Multi-brand Stores
    • 5.2.3 Online Retail Stores
    • 5.2.4 Other Distribution Channels
  • 5.3 Geography
    • 5.3.1 Saudi Arabia
    • 5.3.2 United Arab Emirates
    • 5.3.3 Qatar
    • 5.3.4 South Africa
    • 5.3.5 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Strategies Adopted by Key Players
  • 6.2 Market Positioning
  • 6.3 Company Profiles
    • 6.3.1 Prada S.P.A.
    • 6.3.2 Rolex SA
    • 6.3.3 Burberry Group PLC
    • 6.3.4 The Estée Lauder Companies Inc.
    • 6.3.5 Chanel S.A
    • 6.3.6 Kering S.A.
    • 6.3.7 Dolce & Gabbana Luxembourg S.À R.L.
    • 6.3.8 Giorgio Armani S.p.A
    • 6.3.9 Chopard Group
    • 6.3.10 Roberto Cavalli S.P.A.
    • 6.3.11 Alshaya franchise group (Tribe of 6, Aerie)
    • 6.3.12 LVMH Moët Hennessy Louis Vuitton
    • 6.3.13 Compagnie Financière Richemont S.A.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Middle East & Africa Luxury Goods Industry Segmentation

Luxury goods are premium, high-quality products that are not necessary for living but add value to consumers' appearance.

The Middle East and African luxury goods market is segmented by product type, distribution channel, and country. By product type, it is segmented into clothing and apparel, footwear, bags, jewelry, watches, and other accessories. The manufacturers operating in this segment are adopting various distribution networks to increase their consumer base, including single-branded stores, multi-brand stores, online retail stores, and other distribution channels. The market is thoroughly studied for different countries under the region, such as the United Arab Emirates, Saudi Arabia, Qatar, South Africa, and the Rest of the Middle East and Africa.

For each segment, the market sizing and forecasts have been done based on value (in USD).

Product Type Clothing and Apparel
Footwear
Bags
Jewelry
Watches
Other Accessories
Distribution Channel Single-branded Stores
Multi-brand Stores
Online Retail Stores
Other Distribution Channels
Geography Saudi Arabia
United Arab Emirates
Qatar
South Africa
Rest of Middle East and Africa
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Middle East & Africa Luxury Goods Market Research FAQs

How big is the MEA Luxury Goods Market?

The MEA Luxury Goods Market size is expected to reach USD 14.93 billion in 2025 and grow at a CAGR of 6.23% to reach USD 20.19 billion by 2030.

What is the current MEA Luxury Goods Market size?

In 2025, the MEA Luxury Goods Market size is expected to reach USD 14.93 billion.

Who are the key players in MEA Luxury Goods Market?

Rolex SA, LVMH Moët Hennessy Louis Vuitton, Kering S.A., Compagnie Financière Richemont S.A. and Chanel S.A are the major companies operating in the MEA Luxury Goods Market.

What years does this MEA Luxury Goods Market cover, and what was the market size in 2024?

In 2024, the MEA Luxury Goods Market size was estimated at USD 14.00 billion. The report covers the MEA Luxury Goods Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the MEA Luxury Goods Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Middle East & Africa Luxury Goods Industry Report

Statistics for the 2025 MEA Luxury Goods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. MEA Luxury Goods analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.