[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Duty-free and Travel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 142 pages | ID: DFF2E9B0C654EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global duty-free and travel retail market size reached US$ 37.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

Duty-free and travel retail refers to a retailing channel that offers tax-free goods to international travelers. It includes shops, stores, and outlets established in travel environments, such as airports, ferries, and seaports. Duty-free and travel retail sells wide-ranging products, including beauty and personal care, wine and spirits, tobacco, eatables, fashion accessories, and luxury items. It offers lower prices on goods and products, increases brand awareness, and provides convenience to travelers by delivering various merchandise. As a result, duty-free and travel retail generate significant revenue for the travel, tourism, aviation, and maritime industries.

Duty-free and Travel Retail Market Trends:

The significant growth in the tourism industry is one of the key factors driving the market growth. In line with this, the increased time spent by passengers at airports due to security concerns and early check-in times is favoring the market growth. Additionally, the increasing preference for luxury and premium products, such as cosmetics, fragrances, and alcohol, is acting as another growth-inducing factor. Besides this, the rising air travel and proliferation of new international airports due to the rapidly expanding aviation industry is providing a considerable boost to market growth. Moreover, the introduction of touch screens and interactive retail kiosks, which offers seamless ordering and payment solutions, is providing an impetus to the market growth. Apart from this, the widespread adoption of new marketing strategies by brands, such as launching exclusive and limited products and partnerships with prominent distribution chains to gain a competitive edge, is propelling the market growth. Furthermore, the implementation of various government initiatives promoting international tourism is positively influencing the market growth. Other factors, including rising expenditure capacities of the consumers, emerging trends of digitalization in retailing processes, the rising consumer inclination for premium wines and spirits, and the introduction of pre-ordering applications, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global duty-free and travel retail market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

Beauty and Personal Care
Wines and Spirits
Tobacco
Eatables
Fashion Accessories and Hard Luxury
Others

Breakup by Distribution Channel:

Airports
Airlines
Ferries
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aer Rianta International, China Duty Free Group Co. Ltd., Dubai Duty Free, Dufry, Duty Free Americas Inc., Gebr. Heinemann SE & Co. KG, James Richardson Group, King Power International, Lagard?re Travel Retail, Lotte Duty Free, Sinsegae Duty Free and The Shilla Duty Free.

Key Questions Answered in This Report:

How has the global duty-free and travel retail market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global duty-free and travel retail market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global duty-free and travel retail market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL DUTY-FREE AND TRAVEL RETAIL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Beauty and Personal Care
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Wines and Spirits
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Tobacco
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Eatables
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Fashion Accessories and Hard Luxury
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY DISTRIBUTION CHANNEL

7.1 Airports
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Airlines
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Ferries
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Aer Rianta International
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2 China Duty Free Group Co. Ltd.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3 Dubai Duty Free
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 Dufry
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 Duty Free Americas Inc.
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Gebr. Heinemann SE & Co. KG
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7 James Richardson Group
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8 King Power International
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
  13.3.9 Lagard?re Travel Retail
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10 Lotte Duty Free
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
  13.3.11 Sinsegae Duty Free
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
  13.3.12 The Shilla Duty Free
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Duty-free and Travel Retail Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Duty-free and Travel Retail Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Duty-free and Travel Retail Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Duty-free and Travel Retail Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Duty-free and Travel Retail Market: Competitive Structure
Table 6: Global: Duty-free and Travel Retail Market: Key Players


LIST OF FIGURES

Figure 1: Global: Duty-free and Travel Retail Market: Major Drivers and Challenges
Figure 2: Global: Duty-free and Travel Retail Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Duty-free and Travel Retail Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Duty-free and Travel Retail Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Duty-free and Travel Retail Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Duty-free and Travel Retail Market: Breakup by Region (in %), 2022
Figure 7: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Duty-free and Travel Retail (Wines and Spirits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Duty-free and Travel Retail (Wines and Spirits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Duty-free and Travel Retail (Tobacco) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Duty-free and Travel Retail (Tobacco) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Duty-free and Travel Retail (Eatables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Duty-free and Travel Retail (Eatables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Duty-free and Travel Retail (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Duty-free and Travel Retail (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Duty-free and Travel Retail (Airports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Duty-free and Travel Retail (Airports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Duty-free and Travel Retail (Airlines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Duty-free and Travel Retail (Airlines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Duty-free and Travel Retail (Ferries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Duty-free and Travel Retail (Ferries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Duty-free and Travel Retail (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Duty-free and Travel Retail (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Duty-free and Travel Retail Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Duty-free and Travel Retail Industry: SWOT Analysis
Figure 77: Global: Duty-free and Travel Retail Industry: Value Chain Analysis
Figure 78: Global: Duty-free and Travel Retail Industry: Porter's Five Forces Analysis


More Publications