PUBLISHER: The Insight Partners | PRODUCT CODE: 1592625
PUBLISHER: The Insight Partners | PRODUCT CODE: 1592625
The Middle East & Africa caps and hats market was valued at US$ 722.33 million in 2023 and is expected to reach US$ 1,027.48 million by 2031; it is estimated to register a CAGR of 4.5% from 2023 to 2031.
Popularity of Bucket Hats and Baseball Caps Bolster Middle East & Africa Caps and Hats Market
Baseball caps and bucket hats are gaining immense popularity among consumers, especially among Generation Z, athletes, and pop-culture enthusiasts, as they can be paired easily with casual outfits such as jeans, shorts, oversized t-shirts, and sportswear. Baseball caps are versatile and can be used as go-to styling accessories. According to the Trend Report by Depop, an online marketplace that sells unique and creative goods and a subsidiary of Etsy, the searches for baseball hats increased to 79% in 2023 from 2022. In addition, bucket hats have become a fashion statement, with many celebrities, athletes, and sportspeople pairing them with casual outfits.
Various celebrities including Kendall Jenner wore baseball hats as a part of their ordinary outfits, which increased the popularity of baseball caps among consumers. During the Ashes cricket tournament, Ben Stokes, the captain of the England Test cricket team, wore a bucket hat with the "Three Lions" crest embroidered on the front, which caught the attention of a majority of the fans. This bucket hat led to the rise of a popular trend on Twitter, where he was referred to as "Bucket Hat Ben." Thus, baseball caps and bucket hats are becoming trending fashion accessories, which is projected to boost the overall caps and hats market in the coming years.
Middle East & Africa Caps and Hats Market Overview
The surge in demand for caps and hats in the Middle East & Africa can be attributed to climatic and socioeconomic factors. The thriving tourism & hospitality industry in the region fuels the demand for caps and hats. Countries such as the UAE, Egypt, and Morocco attract millions of tourists annually to explore their historic landmarks, cultural attractions, and natural wonders. Caps and hats featuring local motifs, landmarks, and cultural symbols serve as popular souvenirs for tourists looking to commemorate their travel experiences.
Furthermore, climate conditions in the Middle East & Africa play a major role in driving the market for caps and hats. With many countries in the region experiencing hot and arid climates, protective caps and hats are essential for shielding against the harsh sun and extreme heat. Caps and hats with wide brims, breathable fabrics, and UV protection properties provide functional benefits and relief from strong sun rays. As a result, the need for sun protection drives consistent demand for caps and hats across the region.
Moreover, caps and hats serve as status symbols in affluent Middle Eastern societies, contributing to their demand among luxury consumers. High-end brands and designer labels often offer exclusive collections of caps and hats crafted from premium materials and adorned with intricate embellishments. These luxury caps and hat pieces are coveted by elite consumers seeking to showcase their wealth, taste, and social status; whether a designer baseball cap or a bespoke fedora, caps and hats are prestigious accessories that elevate personal style and wearer's image in society.
Middle East & Africa Caps and Hats Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Caps and Hats Market Segmentation
The Middle East & Africa caps and hats market is categorized into type, material, end user, distribution channel, and country.
Based on type, the Middle East & Africa caps and hats market is bifurcated into caps and hats. The caps segment held a larger Middle East & Africa caps and hats market share in 2023.
In terms of material, the Middle East & Africa caps and hats market is segmented into polyester, cotton, leather, blends, and others. The cotton segment held the largest Middle East & Africa caps and hats market share in 2023.
By end user, the Middle East & Africa caps and hats market is divided into conventional men, women, unisex, and kids. The men segment held the largest Middle East & Africa caps and hats market share in 2023.
Based on distribution channel, the Middle East & Africa caps and hats market is categorized into supermarket and hypermarket, specialty stores, online retail, and others. The specialty stores segment held the largest Middle East & Africa caps and hats market share in 2023.
By country, the Middle East & Africa caps and hats market is categorized into the UAE, South Africa, Saudi Arabia, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa caps and hats market share in 2023.
Nike Inc, Adidas AG, Under Armour Inc, H&M Hennes & Mauritz AB, New Era Cap, Puma SE, ADER, YUPOONG INC, and Levi Strauss & Co are some of the leading companies operating in the Middle East & Africa caps and hats market.