Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other); Application (Airports, On-board Aircraft, Seaports, Others)
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Duty Free Retailing Market Landscape
- 4.1 Market Overview
- 4.2 Ecosystem Analysis
- 4.3 PEST Analysis
- 4.3.1 North America – PEST Analysis
- 4.3.2 Europe – PEST Analysis
- 4.3.3 Asia-Pacific – PEST Analysis
- 4.3.4 Middle East & Africa – PEST Analysis
- 4.3.5 South America – PEST Analysis
- 4.4 Premium Insights
- 4.4.1 Segmental Revenue by Operator
- 4.4.1.1 LVMH
- 4.4.1.2 Dufry AG
- 4.4.1.3 Dubai Duty Free
- 4.4.1.4 Gebr Heinemann
- 4.4.1.5 The Shilla Duty Free
- 4.4.2 Segmental Revenue by Operator
- 4.4.2.1 Insights on Impact of Natural or Biological Calamities on Duty Free Retailing Market and its Recovery
- 4.4.2.1.1 Coronavirus
- 4.4.2.1.2 Spread of the Zika virus beyond the Americas
5. Duty Free Retailing Market – Key Industry Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Increasing Number of Air Travelers is Fuelling the Duty-Free Retailing Market
- 5.1.2 Growth in Travel & Tourism Industry is Boosting the Duty-Free Retailing Market
- 5.2 Restraints
- 5.2.1 Crisis and Disasters can Significantly Affect the Duty-Free Retailing Market
- 5.3 Opportunities
- 5.3.1 Enhancement in Customer Experience Offers Lucrative Opportunities to Vendors
- 5.4 Trends
- 5.4.1 Moving Trend from Desktop to Mobile, Voice, and Bots
- 5.5 Impact analysis of Drivers and restraints
6. Duty Free Retailing Market – Global Market Analysis
- 6.1 Global Duty Free Retailing Market, Revenue and Forecast to 2027 (US$ Bn)
- 6.2 Market Positioning- Top Five Players
7. Duty-Free Retailing Market – By Product Type
- 7.1 Overview
- 7.2 Duty-Free Retailing Market Breakdown, by Product Type (2018 and 2027)
- 7.3 Cosmetics and Personal Care
- 7.3.1 Overview
- 7.3.2 Cosmetics and Personal Care: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 7.4 Alcohol, Wine, and Spirits
- 7.4.1 Overview
- 7.4.2 Alcohol, Wine and Spirits: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 7.5 Tobacco and Cigarettes
- 7.5.1 Overview
- 7.5.2 Tobacco and Cigarettes: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 7.6 Fashion and Accessories
- 7.6.1 Overview
- 7.6.2 Fashion and Accessories: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)
- 7.7 Confectionery and Food Stuff
- 7.7.1 Overview
- 7.7.2 Confectionery and Food Stuff: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)
8. Duty-Free Retailing Market – By Application
- 8.1 Overview
- 8.2 Duty-Free Retailing Market Breakdown, by Application (2018 and 2027)
- 8.3 Airports
- 8.3.1 Overview
- 8.3.2 Airports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 8.4 On-board Aircraft
- 8.4.1 Overview
- 8.4.2 On-board Aircraft: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 8.5 Seaports
- 8.5.1 Overview
- 8.5.2 Seaports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Train Stations: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)
9. Duty Free Retail Market – Geographic Analysis
- 9.1 Overview
- 9.2 North America: Duty-free retail market
- 9.2.1 Overview
- 9.2.2 North America: Duty Free Retail Market – Revenue and Forecast to 2027 (US$ Billion)
- 9.2.3 North America: Duty-free retail market Revenue Share, by Product Type
- 9.2.4 North America: Duty-free retail market Revenue Share, by Application
- 9.2.5 North America: Duty-free retail market Revenue Share, by Country
The US led the North America market in 2018 with a share of 72.65% and is expected to capture 68.91% of the market by 2027.
- 9.2.5.1 US: Duty-free retail market
- 9.2.5.2 Canada: Duty-free retail market
- 9.2.5.3 Mexico: Duty-free retail market
- 4.4.1 Segmental Revenue by Operator
- 9.3 Europe Duty-free retail market, Revenue and Forecast to 2027
- 9.3.1 Overview
- 9.3.2 Europe Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.3.3 Europe Duty-free retail market Breakdown, by Product Type
- 9.3.4 Europe Duty-free retail market Breakdown, by Application
- 9.3.5 Europe Duty-free retail market Breakdown, by Country
- 9.3.5.1 UK Duty-free retail market, Revenue and Forecast to 2027
- 9.3.5.2 Germany Duty-free retail market, Revenue and Forecast to 2027
- 9.3.5.3 Russia Duty-free retail market, Revenue and Forecast to 2027
- 9.3.5.4 France Duty-free retail market, Revenue and Forecast to 2027
- 9.3.5.5 Italy Duty-free retail market, Revenue and Forecast to 2027
- 9.3.5.6 Spain Duty-free retail market, Revenue and Forecast to 2027
- 9.4 APAC: Duty-free retail market, Revenue and Forecast to 2027
- 9.4.1 Overview
- 9.4.2 APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.3 APAC: Duty-free retail market Breakdown, by Product Type
- 9.4.4 APAC: Duty-free retail market Breakdown, by Application
- 9.4.5 APAC: Duty-free retail market Breakdown, by Country
- 9.4.5.1 China: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.2 Japan: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.3 South Korea: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.4 Australia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.5 India: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.6 Indonesia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.7 Singapore: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.8 Malaysia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.9 Thailand: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.10 Vietnam: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.11 Philippines: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.4.5.12 Rest of APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5 MEA: Duty-free retail market, Revenue and Forecast to 2027
- 9.5.1 Overview
- 9.5.2 MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.3 MEA: Duty-free retail market Breakdown, by Product Type
- 9.5.4 MEA: Duty-free retail market Breakdown, by Application
- 9.5.5 MEA: Duty-free retail market Breakdown, By Country, 2018 & 2027 (%)
- 9.5.5.1 South Africa: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.2 Saudi Arabia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.3 UAE: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.4 Turkey: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.5 Israel: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.6 Egypt: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.5.5.7 Rest of MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.6 SAM: Duty-free retail market, Revenue and Forecast to 2027
- 9.6.1 Overview
- 9.6.2 SAM: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)
- 9.6.3 SAM: Duty-free retail market Breakdown, by Product Type
- 9.6.4 SAM: Duty-free retail market Breakdown, by Application
- 9.6.5 SAM: Duty-free retail market Breakdown, by Country
- 9.6.5.1 Brazil Duty-free retail market, Revenue and Forecast to 2027
- 9.6.5.2 Rest of SAM: Duty-free retail market, Revenue and Forecast to 2027
10. Duty Free Retailing Market - Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 New Development
11. Duty Free Retailing Market- Company Profiles
- 11.1 Aer Rianta International (ARI)
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 China Duty Free Group Co.,Ltd.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Dubai Duty Free
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Duty Free Americas
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Gebr. Heinemann
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 King Power International Group
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Lotte Duty Free
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Shinsegae Duty Free
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 The Shilla Duty Free
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 LVMH
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 11.11 LAGARDèRE TRAVEL RETAIL
- 11.11.1 Key Facts
- 11.11.2 Business Description
- 11.11.3 Products and Services
- 11.11.4 Financial Overview
- 11.11.5 SWOT Analysis
- 11.11.6 Key Developments
- 11.12 Hyundai Duty Free
- 11.12.1 Key Facts
- 11.12.2 Business Description
- 11.12.3 Products and Services
- 11.12.4 Financial Overview
- 11.12.5 SWOT Analysis
- 11.12.6 Key Developments
- 11.13 DUFRY AG
- 11.13.1 Key Facts
- 11.13.2 Business Description
- 11.13.3 Products and Services
- 11.13.4 Financial Overview
- 11.13.5 SWOT Analysis
- 11.13.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
The global duty free retailing market revenue from 2019 to 2027. The global duty free retailing market accounted for US$ 77.87 Bn in 2018 and is anticipated to grow at a CAGR of 8.44% to reach US$ 155.30 Bn by 2027. Duty-free retailing offers products to international travelers. Thus is a substantial source of income and Duty-free retailing offers products to international travelers. Thus is a substantial source of income and offers numerous marketing opportunities. The growth of the travel & tourism industry is one of the key factors bolstering the growth of the duty-free retailing market. Duty-free retailing offers temporary spaces that provide extra time to travelers after security check-in and enable them to get indulgent with the ambiance as well as the experience of shopping for international duty-free products.
Presently, vendors in the duty-free retailing market are focusing on digitalizing the retail process and adoption of advanced technologies such as AR and VR for offering enhanced customer experience, which may boost sales. Moreover, the rising demand for duty-free luxury and premium brands of several products is providing opportunities to the duty-free retailing market.
In terms of geography, APAC held around half of the duty-free retailing market share in 2018, and it is anticipated to witness the highest CAGR during the forecast period. The growth in the APAC region is attributed to the growing number of new air routes coupled with the commencement of LCCs. Moreover, the rise in the purchasing power due to growth in the middle-class population across developing economies is expected to offer lucrative growth opportunities to the market players.
Europe is estimated to be the second-largest market in 2018. It is due to the region’s rich heritage as well as its position as a significant tourist region. Also, the presence of retail chains offering luxury and premium brands is another critical factor influencing the market growth in European. Key players in European have adopted the expansion strategy to stay competitive in the market. For instance, Dufry opened a new duty-free store located at Norwich airport to enhance passenger communication in 2018. Also, in 2017, Dufry’s subsidiary “Hellenic Duty-Free Shops” signed an agreement with Fraport Greece to operate for 30 years in order to offer retail services at 14 Greek airports. However, in 2019, KLM Royal Dutch announced to stop the sale of duty-free items on its European flights. It may hamper the on-board aircraft segment growth in the coming years.
The global duty free retailing market has been segmented on the basis of product type, application. Based on product type, the duty free retailing market has been segmented into cosmetics and personal care products, alcohol, wine and spirits, tobacco and cigarettes, fashion, confectionery and food stuff, and other. Based on application, duty free retailing market has been segmented into airports, on-board aircraft, seaports, others.
The global duty free retailing market has also been analyzed on basis of five major regions such as North America, Europe, APAC, MEA, and SAM. The major players profiled in the duty free retailing market are Aer Rianta International (ARI), China Duty Free Group Co.,Ltd., Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group, Lotte Duty Free, Shinsegae Duty Free, The Shilla Duty Free, LVMH, LAGARDèRE TRAVEL RETAIL, Hyundai Duty Free, DUFRY AG.
The overall global duty free retailing market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global duty free retailing market. It also provides an overview and forecast for the duty free retailing market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the duty free retailing industry.