The global duty-free & travel retail market revenue was around US$ 49.6 billion in 2022 and is estimated to reach US$ 343.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 24% during the forecast period from 2023 to 2031.
Duty-free and travel retail is the term for a retail channel that provides international travelers with tax-free goods. It includes retail establishments, stores, and shops found in travel-related locations like seaports, ferries, and airports. Duty-free and travel retail offers a broad range of products, such as luxury items, spirits and wine, tobacco, fashion accessories, and cosmetics and personal care products.
Market Driving Factors
An increase in the number of passengers transiting through airports due to the accessibility and efficiency of air travel brought by the development and extension of airports around the world drives market growth. For instance, in March 2022, the total number of airports under construction globally reached 641 in the Asia Pacific Region. This region boasted the highest number of ongoing airport infrastructure projects, totaling approximately 230 diverse undertakings, including terminals and runways.
The surge in demand for alcohol and cosmetics plays a significant role in driving the market. Duty-free shops provide exclusive, high-quality products, attracting travelers who seek unique alcohol and cosmetics options. The competitive cost and tax advantages in duty-free shops make these items more reasonable than local retail stores. Furthermore, the increasing popularity of gift-giving among people surged the number of travelers buying high-quality brand products from duty-free shops.
Travel limitations and security measures such as visa requirements and entry prohibitions imposed by the government are hampering the market growth.
Regional Analysis
Europe dominates the market. Duty-free and travel retail (DFTR) is a distinctive retailing channel marketing to multinational travelers and an effective source of income and marketing opportunities for European companies, which necessitates tailor-made legislative and regulatory solutions and an alternative approach utilized in European domestic markets. The DFTR channel has acquired unique qualities owing to its close relationship with the expansion of international travel and aviation.
Asia-Pacific is anticipated to dominate the market. The surging number of new air routes and the introduction of low-cost carriers are the major factors promoting the market. In addition, the surge in purchasing and consumption power across India and China may have a positive impact on the market in this region. Furthermore, the rising preference for differentiated and value-added products is growing people’s desire to travel, which in turn, is expected to raise the demand in the duty-free industry. The adoption of new lifestyles and the introduction of cheap destination travel packages by companies, such as Cleartrip, MakeMyTrip, and GoIbibo, may boost the market growth in the region.
Segmentation Insights
In terms of distribution channels, the airport's segment dominated the market. This can be attributed to the duty-free shopping and other travel-related retail activities account for 50% of an international airport's revenue. Routine travelers have undoubtedly been forced to walk through their reasonable share of airport duty-free stores.
Prominent Companies
Segmentation Outline
The global duty free & travel retail market segmentation focuses on Product Type, Distribution Channel, and Region.
By Product Type
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: DUTY-FREE & TRAVEL RETAIL MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 FASHION AND ACCESSORIES
5.3 JEWELLERY AND WATCHES
5.4 WINE & SPIRITS
5.5 FOOD & CONFECTIONARY
5.6 FRAGRANCES AND COSMETICS
5.7 TOBACCO
5.8 OTHERS
6 GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 AIRPORTS
6.3 AIRLINES
6.4 FERRIES
6.5 OTHERS
7 GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL DUTY-FREE & TRAVEL RETAIL MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 DUFRY
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 LOTTE DUTY-FREE
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 LAGARDERE TRAVEL RETAIL
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 DFS GROUP
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 THE SHILLA DUTY FREE
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 GEBR. HEINEMANN
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 KING POWER INTERNATIONAL GROUP
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 CHINA DUTY FREE GROUP
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 EVER RICH DUTY FREE
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 DUBAI DUTY FREE
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 DUTY FREE AMERICAS
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 SINSEGAE DUTY FREE
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 AER RIANTA INTERNATIONAL
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 WHSMITH
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved