• Sales in this market were estimated at $19.9 billion in 2017, and projected to grow at a CAGR of 14 percent to $22.69 billion in 2018.
  • The market’s largest segment is clothing and footwear representing more than 80 percent of the fashion market.
  • Saudi Arabia’s jewelry market, which is the single largest jewelry market in the Middle East, remains unperturbed and continues its upward trend.
  • According to one report, Saudi Arabia's market captured seven percent of the global trade and business in diamonds.

Personal Care & Cosmetics

  • The Kingdom’s personal care market was worth $7.1 billion as of 2015, and it is projected to grow at a CAGR of 5.6 percent to $9.74 billion by 2021. Per capita spending is expected to grow to $276 by 2021.
  • According to one magazine, the cosmetics market is estimated at $16 billion. While predicting an 11 percent annual growth for the sector, the same magazine estimated the number of esthetic clinics to more than double over the next five years, associated with a 26 percent increase in skin care products.