PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500713
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500713
Middle East and Africa Travel Retail Market, By Product Type; By Distribution Channel; By Sector; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Middle East and Africa Travel Retail Market Size Set to Expand at Significant CAGR of 6.06% to Touch USD 5.7 Billion by 2030
Middle East and Africa Travel Retail Market is flourishing due to the rising disposable income, increasing production capacity, growing development of travel infrastructure, and shifting consumer preferences.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Travel Retail Market size at USD 3.73 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Travel Retail Market size to expand at a CAGR of 6.06% reaching a value of USD 5.68 billion by 2030. The Travel Retail Market in Middle East and Africa is propelled by the increasing tourists visiting the UAE, especially Dubai, and the wide variety of products available to them. The growing influx of international travelers has resulted in increasing revenues for the travel retail market. During the historical period, there were numerous new product and brand launches, which boosted revenue generation. Also, the popularity of the United Arab Emirates, particularly Dubai, as a prime luxury travel destination for international visitors, leading to its reputation as a shopping haven is expected to boost the expansion of the Middle East and Africa Travel Retail Market. Duty-free retail spaces at major airports like Dubai International Airport and Abu Dhabi International Airport play a significant role in further boosting the growth of travel retail market due to a high demand for duty-free goods. Notably, the Middle East's strategic geographic position, linking all corners of the globe, is further aiding the market's expansion by attracting more shoppers.
Opportunities - Expansion of Airport Retail Space
Airport retail space is rapidly expanding to meet the growing demand for travel retail and enhance passenger experiences. Abu Dhabi International's new Terminal A boasts 35,000 square meters of retail and F&B space, with Lagardere Travel Retail as one of the largest concessionaires, operating 12 duty-free and six F&B outlets. This expansion follows a broader trend in the Middle East, where airports are placing greater emphasis on retail as a key aspect of their infrastructure. Dubai Duty Free, a leading airport retailer, operates nearly 40,000 square meters of retail space across Dubai International and Al Maktoum International airports. The company is undergoing significant refurbishment projects, including renovations in Concourse B and arrivals shops. This expansion is a testament to the increasing importance of airport retail, not only for revenue generation but also for enhancing the overall passenger experience. These developments reflect a broader movement in airport design, where retail is no longer an afterthought but a central component of the airport's infrastructure. The ongoing and planned refurbishments in the Middle East highlight the region's commitment to creating exceptional retail experiences within airports.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Travel Retail Market
Geopolitical tensions can have a multifaceted impact on the Middle East and Africa Travel Retail Market, creating challenges due to changing consumer sentiment. Despite this, the UAE and Saudi Arabia remain bright spots, driven by robust GDP and tourism growth. The current geopolitical climate has caused some retailers to face setbacks, with layoffs and consumer boycotts affecting operations. However, the outlook remains positive. The UAE and Saudi Arabia are crucial markets due to their rapid population growth and youthful demographic. To mitigate the impact of escalating geopolitical tensions, brands implement neutral awareness schemes. Dubai, as an open market, welcomes all brands, but those associated with specific political views risk losing consumer trust. Retailers remain adaptable and responsive to these challenges to succeed in the Middle East and Africa Travel Retail Market.
Middle East and Africa Travel Retail Market
Segmental Information
Middle East & Africa Travel Retail Market - By Distribution Channel
Based on distribution channel, the Middle East and Africa Travel Retail Market is divided into Airport & Airline Shops, Seaport & Cruise Line Shops, and Border Downtown Hotel Shop segments. The airport & airline shops segment holds the highest share in the Middle East and Africa Travel Retail Market by distribution channel. It is primarily due to their strategic location and high traffic volume. Airports serve as major transit hubs, attracting a diverse range of international travelers, which creates a substantial customer base for duty-free and travel retail. The convenience of shopping while waiting for flights, along with a wide array of products, contributes to this segment's appeal. Additionally, airports in the MEA region are investing in expanding and upgrading their retail spaces, further enhancing the shopping experience and driving sales in the travel retail market.
Middle East & Africa Travel Retail Market - By Country
The in-depth research report on the Middle East & Africa Travel Retail Market covers the region's major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. The UAE holds the highest share in the Middle East & Africa Travel Retail Market and is expected to maintain its dominance during the forecast period. Dubai, in particular, is a leading airport for international traffic, offering luxurious facilities and an extensive product selection, which consistently attracts more customers each year. These international hubs draw a considerable number of global shoppers, contributing to market growth. For example, Dubai is the third busiest airport in EMEA for Chinese passengers, and the number of Chinese travelers to Doha has seen substantial growth during the period in analysis.
Competitive Landscape
The Middle East and Africa Travel Retail Market is fragmented, with numerous players serving the market. The key players dominating the Middle East and Africa Travel Retail Market include Aer Rianta International Middle East, Chalhoub Group, Abu Dhabi Duty Free, Lagardere Travel Retail, Dubai Duty Free, Bahrain Duty Free, Big Five Duty Free, Beirut Duty Free, Hamila Duty Free, and Kreol Travel Retail. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Middle East and Africa Travel Retail Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Travel Retail Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Travel Retail Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising disposable incomes
- 3.2.1.2. Increasing production capacity
- 3.2.1.3. Development of travel infrastructure
- 3.2.1.4. Shifting consumer preferences
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in oil prices
- 3.2.2.2. High operating costs
- 3.2.2.3. Competition from online retailers
- 3.2.3. Opportunities
- 3.2.3.1. Expansion of airport retail space
- 3.2.3.2. Focus on omnichannel retailing
- 3.2.3.3. Increasing personalization and customization
- 3.2.4. Challenges
- 3.2.4.1. Evolving consumer behavior
- 3.2.4.2. Fluctuations in exchange rates
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Travel Retail Market: Marketing Strategies
5. Middle East and Africa Travel Retail Market: Pricing Analysis
6. Middle East and Africa Travel Retail Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Fashion & Accessories
- 6.2.1.2. Jewelry & Watches
- 6.2.1.3. Wine & Spirits
- 6.2.1.4. Food & Confectionery
- 6.2.1.5. Fragrances & Cosmetics
- 6.2.1.6. Tobacco
- 6.2.1.7. Others (Stationery, Electronics, etc.)
- 6.2.2. By Sector
- 6.2.2.1. Duty Free
- 6.2.2.2. Duty Paid
- 6.2.3. By Distribution Channel
- 6.2.3.1. Airport & Airline Shops
- 6.2.3.2. Seaport & Cruise Line Shops
- 6.2.3.3. Border Downtown Hotel Shop
- 6.2.3.4. Others
- 6.2.4. By Country
- 6.2.4.1. Saudi Arabia
- 6.2.4.2. UAE
- 6.2.4.3. Qatar
- 6.2.4.4. Kuwait
- 6.2.4.5. South Africa
- 6.2.4.6. Nigeria
- 6.2.4.7. Algeria
- 6.2.4.8. Rest of MEA
- 6.2.1. By Product Type
7. Saudi Arabia Travel Retail Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Sector
- 7.2.3. By Distribution Channel
8. UAE Travel Retail Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Sector
- 8.2.3. By Distribution Channel
9. Qatar Travel Retail Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Sector
- 9.2.3. By Distribution Channel
10. Kuwait Travel Retail Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Sector
- 10.2.3. By Distribution Channel
11. South Africa Travel Retail Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product Type
- 11.2.2. By Sector
- 11.2.3. By Distribution Channel
12. Nigeria Travel Retail Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product Type
- 12.2.2. By Sector
- 12.2.3. By Distribution Channel
13. Algeria Travel Retail Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Product Type
- 13.2.2. By Sector
- 13.2.3. By Distribution Channel
14. Rest of MEA Travel Retail Market
- 14.1. Market Size & Forecast, 2019-2030
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Product Type
- 14.2.2. By Sector
- 14.2.3. By Distribution Channel
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Middle East and Africa Travel Retail Market Share Analysis, 2023
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Geopolitical Tensions on Middle East and Africa Travel Retail Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 17.1. Aer Rianta International Middle East
- 17.2. Chalhoub group
- 17.3. Abu Dhabi Duty Free
- 17.4. Lagardere Travel Retail
- 17.5. Dubai Duty Free
- 17.6. Bahrain Duty Free
- 17.7. Big Five Duty Free
- 17.8. Beirut Duty Free
- 17.9. Hamila Duty Free
- 17.10. Kreol Travel Retail
- 17.11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East & Africa Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 2 Middle East & Africa Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 3 Middle East & Africa Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 4 Middle East & Africa Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 5 Middle East & Africa Travel Retail Market Share, By Country, By Value (USD Billion), 2019-2030
- Figure 6 Saudi Arabia Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 7 Saudi Arabia Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 8 Saudi Arabia Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 9 Saudi Arabia Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 10 UAE Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 11 UAE Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 12 UAE Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 13 UAE Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 14 Qatar Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 15 Qatar Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 16 Qatar Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 17 Qatar Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 18 Kuwait Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 19 Kuwait Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 20 Kuwait Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 21 Kuwait Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 22 South Africa Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 23 South Africa Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 24 South Africa Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 25 South Africa Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 26 Nigeria Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 27 Nigeria Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 28 Nigeria Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 29 Nigeria Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 30 Algeria Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 31 Algeria Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 32 Algeria Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 33 Algeria Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 34 Rest of MEA Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Figure 35 Rest of MEA Travel Retail Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 36 Rest of MEA Travel Retail Market Share, By Sector, By Value (USD Billion), 2019-2030
- Figure 37 Rest of MEA Travel Retail Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 Middle East & Africa Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 2 Middle East & Africa Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 3 Middle East & Africa Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 4 Middle East & Africa Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 5 Middle East & Africa Travel Retail Market Size, By Country, By Value (USD Billion), 2019-2030
- Table 6 Saudi Arabia Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 7 Saudi Arabia Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 8 Saudi Arabia Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 9 Saudi Arabia Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 10 UAE Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 11 UAE Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 12 UAE Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 13 UAE Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 14 Qatar Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 15 Qatar Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 16 Qatar Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 17 Qatar Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 18 Kuwait Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 19 Kuwait Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 20 Kuwait Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 21 Kuwait Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 22 South Africa Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 23 South Africa Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 24 South Africa Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 25 South Africa Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 26 Nigeria Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 27 Nigeria Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 28 Nigeria Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 29 Nigeria Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 30 Algeria Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 31 Algeria Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 32 Algeria Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 33 Algeria Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 34 Rest of MEA Travel Retail Market Size, By Value (USD Billion), 2019-2030
- Table 35 Rest of MEA Travel Retail Market Size, By Product Type, By Value (USD Billion), 2019-2030
- Table 36 Rest of MEA Travel Retail Market Size, By Sector, By Value (USD Billion), 2019-2030
- Table 37 Rest of MEA Travel Retail Market Size, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 38 Aer Rianta International Middle East Company Overview
- Table 39 Aer Rianta International Middle East Financial Overview
- Table 40 Chalhoub group Company Overview
- Table 41 Chalhoub group Financial Overview
- Table 42 Abu Dhabi Duty Free Company Overview
- Table 43 Abu Dhabi Duty Free Financial Overview
- Table 44 Lagardere Travel Retail Company Overview
- Table 45 Lagardere Travel Retail Financial Overview
- Table 46 Dubai Duty Free Company Overview
- Table 47 Dubai Duty Free Financial Overview
- Table 48 Bahrain Duty Free Company Overview
- Table 49 Bahrain Duty Free Financial Overview
- Table 50 Big Five Duty Free Company Overview
- Table 51 Big Five Duty Free Financial Overview
- Table 52 Beirut Duty Free Company Overview
- Table 53 Beirut Duty Free Financial Overview
- Table 54 Hamila Duty Free Company Overview
- Table 55 Hamila Duty Free Financial Overview
- Table 56 Kreol Travel Retail Company Overview
- Table 57 Kreol Travel Retail Financial Overview
