According to our (Global Info Research) latest study, the global Duty Free & Travel Retail market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. This report studies the Duty Free & Travel Retail market. Duty free & travel retail is a global industry selling goods to international travellers.
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
The Global Info Research report includes an overview of the development of the Duty Free & Travel Retail industry chain, the market status of Airports (Perfumes, Cosmetics), Onboard Aircraft (Perfumes, Cosmetics), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Duty Free & Travel Retail.
Regionally, the report analyzes the Duty Free & Travel Retail markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Duty Free & Travel Retail market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Duty Free & Travel Retail market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Duty Free & Travel Retail industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Perfumes, Cosmetics).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Duty Free & Travel Retail market.
Regional Analysis: The report involves examining the Duty Free & Travel Retail market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Duty Free & Travel Retail market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Duty Free & Travel Retail:
Company Analysis: Report covers individual Duty Free & Travel Retail players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Duty Free & Travel Retail This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Airports, Onboard Aircraft).
Technology Analysis: Report covers specific technologies relevant to Duty Free & Travel Retail. It assesses the current state, advancements, and potential future developments in Duty Free & Travel Retail areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Duty Free & Travel Retail market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Duty Free & Travel Retail market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Perfumes
Cosmetics
Alcohol
Cigarettes
Others
Market segment by Application
Airports
Onboard Aircraft
Seaports
Train Stations
Others
Market segment by players, this report covers
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
JR/Group (James Richardson)
King Power
The Shilla Duty Free
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Duty Free & Travel Retail product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Duty Free & Travel Retail, with revenue, gross margin and global market share of Duty Free & Travel Retail from 2019 to 2024.
Chapter 3, the Duty Free & Travel Retail competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Duty Free & Travel Retail market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Duty Free & Travel Retail.
Chapter 13, to describe Duty Free & Travel Retail research findings and conclusion.
Summary:
Get latest Market Research Reports on Duty Free & Travel Retail. Industry analysis & Market Report on Duty Free & Travel Retail is a syndicated market report, published as Global Duty Free & Travel Retail Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Duty Free & Travel Retail market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.