PUBLISHER: Grand View Research | PRODUCT CODE: 1588478
PUBLISHER: Grand View Research | PRODUCT CODE: 1588478
The global airport duty-free liquor market size is expected to reach USD 13.15 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.2% from 2025 to 2030. The growing air travel across developed and developing nations is anticipated to propel the market growth over the forecast period. Duty-free shoppers are growing across the Asia Pacific owing to the ease of purchase with the help of digital platforms. In addition, rising number of passengers, changing lifestyle of individuals, and advancement of tourism are affecting the growth of the travel and tourism sectors, subsequently leading to market growth. A constant increase in air traffic and the growth of the tourism sector are the prime factors nurturing the market demand.
The key players in the market are collaborating and launching premium alcoholic beverages to meet the desired targets of the consumers at the airport. At present, key players are focusing on adopting canned packaging techniques to meet the demand for ambient alcoholic beverages at the airport. For instance, Asahi introduced a new aluminum package, a barreled-shaped package named "Mini-Daru" beer. In September 2021, Asahi Japan and BrewDog announced their partnership to create a Japanese joint venture. BrewDog can function as a separate unit with its back office, marketing, sales, and teams in this partnership. It can also focus solely on marketing and distributing key BrewDog brands in Japan.
Customers' new tastes and preferences and a rise in demand for exotic and new varieties of wines, such as tropical fruit wines, are anticipated to propel the growth of other segments. Moreover, key players' new liquor launches may attract individuals to purchase, further estimated to fuel the market's growth in the upcoming years.
Most passengers from developing countries spend on liquor as it is available at very economical rates. Rising disposable income and improvement in economic conditions in developing countries are also important factors for the growth of this market. Increasing travel and tourism owing to a larger millennial population willing to spend on leisure tourism and exploration will further drive the market.