PUBLISHER: IMARC | PRODUCT CODE: 1541116
PUBLISHER: IMARC | PRODUCT CODE: 1541116
Asia Pacific Duty-Free Retailing Market Report by Product Type, Distribution Channel, and Country 2024-2032
The Asia Pacific duty-free retailing market size reached US$ 45.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 82.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
Duty-free shops refer to the retail outlets where goods are exempted from national taxes and duties for providing a unique sales channel for international travelers and tourists. These outlets are majorly located at international airports, seaports, border shops, international train stations, and onboard aircraft. Duty-free retailing offers a broad range of products, including perfumes, cosmetics, alcohol, confectionaries, electronics, fashion accessories, etc.
In the Asia Pacific region, the expanding travel and tourism sector along with the rising number of new international routes is primarily driving the market for duty-free retailing. Moreover, the increasing levels of urbanization along with the emergence of low-cost carrier (LCC) airlines are also propelling the sales of duty-free goods in the region. The market is further driven by the emergence and growth of duty-free stores across international airports and seaports. Moreover, the wide presence of duty-free goods pertaining to country-specific culture and heritage has also attracted numerous international tourists. Additionally, the increasing popularity of duty-free retail stores offering various luxury and premium brands is also driving the market growth. Rising digitalization along with the increasing penetration of social media marketing strategies has enabled several retailers to promote their exclusive products to the international customers. The wide availability of duty-free goods on e-commerce platforms is also catalyzing the market growth in the Asia Pacific region. Besides this, the growing penetration of self-service stations, such as kiosks, and other interactive sales channels has enabled retailers to overcome linguistic barriers with their customers.
The outbreak of the COVID pandemic, in early 2020, however, has negatively impacted the market for duty-free retailing in the Asia Pacific region. The pandemic resulted in national lockdowns across the region resulting in restrictions in international travel, creating a negative impact on the industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific duty-free retailing market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
Fragrances & Cosmetics
Alcohol & Spirits
Fashion & Accessories
Tobacco Goods
Watches & Jewellery
Confectionary & Fine Food
Electronics
Others
Breakup by Distribution Channel:
Airports
Border Shops
Seaports
Onboard Aircraft
Railway Stations
Others
Breakup by Country:
China (including Hong Kong)
South Korea
Japan
India
Singapore
Thailand
Australia
Indonesia
Taiwan
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being China Duty Free (Group) Co. Ltd., DFS Group Ltd. (LVMH), Dufry AG, Ever Rich D.F.S. Corporation, Japan Airport Terminal Co. Ltd., King Power International Company Limited, Lagardere Travel Retail Pacific (Lagardere Group), Lotte Duty Free (Lotte Corporation), Shinsegae DF Inc. (Shinsegae Inc.), and The Shilla Duty Free Shop (Hotel Shilla Co., Ltd.).
Key Questions Answered in This Report:
- How has the Asia Pacific duty-free retailing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific duty-free retailing 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 Asia Pacific duty-free retailing market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
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 Asia Pacific Duty-Free Retailing 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 Fragrances & Cosmetics
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Alcohol & Spirits
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Fashion & Accessories
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Tobacco Goods
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Watches & Jewellery
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Confectionary & Fine Food
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Electronics
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Airports
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Border Shops
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Seaports
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Onboard Aircraft
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Railway Stations
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Country
- 8.1 China (including Hong Kong)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 South Korea
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Japan
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 India
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Singapore
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Thailand
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Australia
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Indonesia
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
- 8.9 Taiwan
- 8.9.1 Market Trends
- 8.9.2 Market Forecast
- 8.10 Others
- 8.10.1 Market Trends
- 8.10.2 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 China Duty Free (Group) Co. Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 DFS Group Limited (LVMH)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Dufry AG
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Ever Rich D.F.S. Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Japan Airport Terminal Co. Ltd.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 King Power International Company Limited
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Lagardere Travel Retail Pacific (Lagardere Group)
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Lotte Duty Free (Lotte Corporation)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Shinsegae DF Inc. (Shinsegae Inc.)
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 The Shilla Duty Free Shop (Hotel Shilla Co. Ltd.)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 China Duty Free (Group) Co. Ltd.
List of Figures
- Figure 1: Asia-Pacific: Duty-Free Retailing Market: Major Drivers and Challenges
- Figure 2: Asia-Pacific: Duty-Free Retailing Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Asia-Pacific: Duty-Free Retailing Market: Breakup by Product Type (in %), 2023
- Figure 5: Asia-Pacific: Duty-Free Retailing Market: Breakup by Distribution Channel (in %), 2023
- Figure 6: Asia-Pacific: Duty-Free Retailing Market: Breakup by Country (in %), 2023
- Figure 7: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Asia-Pacific: Duty-Free Retailing (Confectionary & Fine Food) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Asia-Pacific: Duty-Free Retailing (Confectionary & Fine Food) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Asia-Pacific: Duty-Free Retailing (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Asia-Pacific: Duty-Free Retailing (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Asia-Pacific: Duty-Free Retailing (Airports) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Asia-Pacific: Duty-Free Retailing (Airports) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Asia-Pacific: Duty-Free Retailing (Border Shops) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Asia-Pacific: Duty-Free Retailing (Border Shops) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Asia-Pacific: Duty-Free Retailing (Seaports) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Asia-Pacific: Duty-Free Retailing (Seaports) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: China (including Hong Kong): Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: China (including Hong Kong): Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: South Korea: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: South Korea: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Japan: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Japan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: India: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: India: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Singapore: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Singapore: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Thailand: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Thailand: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Australia: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Australia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Indonesia: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Indonesia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Taiwan: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Taiwan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Duty-Free Retailing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Asia-Pacific: Duty-Free Retailing Industry: SWOT Analysis
- Figure 56: Asia-Pacific: Duty-Free Retailing Industry: Value Chain Analysis
- Figure 57: Asia-Pacific: Duty-Free Retailing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Asia-Pacific: Duty-Free Retailing Market: Key Industry Highlights, 2023 and 2032
- Table 2: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 4: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Country (in Million US$), 2024-2032
- Table 5: Asia-Pacific: Duty-Free Retailing Market: Competitive Structure
- Table 6: Asia-Pacific: Duty-Free Retailing Market: Key Players
