Duty Free Retailing Market, By Product Type, By Sales Channel, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Duty free retail shops have helped airports to generate greater revenues all over the world and thereby reduced the landing fees the airports charge to airlines. In turn, it has helped airlines to keep lower ticket prices that has benefited travelers of the airlines. Revenue generated by the airport retail stores can also be utilized for infrastructure development as airports need continuous up-gradation. For instance, according to Airports Council International-North America, America's airports would require more than US$ 128 billion in infrastructure upgrades by 2023.

Market Dynamics

By product type, duty free wines & spirits segment is expected to gain major traction, and this is owing to increasing sales of wines & spirits in duty free stores as government bodies do not impose any tax on alcoholic products bought from duty free shops. Moreover, companies are launching new liquor products at duty free shops to attract more tourists. For instance, from April 2019, a Poland-made spirit, Pravda Vodka, has been made available at Aer Rianta International's 'The Loop Duty Free New Zealand', at Auckland Airport.

Among regions, Europe held a significant market share in 2022, owing to increasing number of travelers in the region. For instance, according to the Airports Council International, in 2018, Heathrow Airport (London), Charles de Gaulle Airport (Paris), Amsterdam Airport Schiphol (The Netherlands), and Frankfurt Airport (Germany) were ranked among the world's top 15 busiest airports by passenger traffic.

Key features of the study:

This report provides in-depth analysis of duty free retailing market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global Duty Free Retailing market based on the following parameters-company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd
Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global duty free retailing market report caters to various stakeholders in this industry including investors, suppliers, duty free retailing market players, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the duty free retailing market

Detailed Segmentation:

Global Duty Free Retailing Market, By Product Type:
- Fragrances & Cosmetics
- Wines & Spirits
- Fashion & Accessories
- Tobacco
- Watches & Jewelry
- Confectionary & Fine Foods
- Electronics, Gifts, & Others
Global Duty Free Retailing Market, By Sales Channels:
- Airport Shops
- Ferries
- Airlines
- Others
Global Duty Free Retailing Market, By Geography:
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
- South America
  - Brazil
  - Argentina
  - Rest of South America
- Middle East
  - GCC
  - Rest of Middle East
- Africa
  - Northern Africa
  - Southern Africa
  - Rest of Africa
Company Profiles
- Dufry AG *
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- LOTTE Duty Free Company
- DFS Group Limited
- Heinemann SE & Co. KG
- The Shilla Duty Free
- The King Power International Group
- James Richardson Corporation Pty Ltd.
- Duty Free Americas, Inc.
- Flemingo International Ltd.
- Dubai Duty Free
- China Duty Free Group Co., Ltd

"*" marked represents similar segmentation in other categories in the respective section.

Product Code: CMI2567

1. Research Objective and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Duty Free Retailing Market, By Product Type, 2017- 2030 (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Fragrances & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Wines & Spirits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Fashion & Accessories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Tobacco
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Watches & Jewelry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Confectionary & Fine Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Electronics, Gifts & Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

5. Global Duty Free Retailing Market, By Sales Channel, 2017- 2030 (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Airport Shops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Ferries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Airlines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
Other Shops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)

6. Global Duty Free Retailing Market, By Region, 2017- 2030 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2030
North America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Europe
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
France
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
China
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
India
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
South America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Rest of South America
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Middle East
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
GCC
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Africa
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
Northern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Southern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
Rest of Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)

7. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Dufry AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- LOTTE Duty Free Company
- DFS Group Limited
- Heinemann SE & Co. KG
- The King Power International Group
- The Shilla Duty Free
- James Richardson Corporation Pty Ltd.
- Duty Free Americas, Inc.
- Flemingo International Ltd.
- Dubai Duty Free
- China Duty Free Group Co., Ltd

8. Section

References
Research Methodology
About us and Sales Contact
Browse 24 market data tables* and 12 figures* on "Duty Free Retailing Market" - Global forecast to 2030.

Duty Free Retailing Market, By Product Type, By Sales Channel, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030