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PUBLISHER: IMARC | PRODUCT CODE: 1702084
PUBLISHER: IMARC | PRODUCT CODE: 1702084
Duty-free and Travel Retail Market Report by Product Type, Distribution Channel, and Region 2025-2033
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PAGES: 139 Pages
DELIVERY TIME: 2-3 business days
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The global duty-free and travel retail market size reached USD 43.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 78.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.8% during 2025-2033. Increasing international travel, rising disposable incomes, shifting preferences for premium products, strategic airport expansions, digital innovation, experiential shopping trends, regulatory initiatives, escalating collaborations between airports, retailers, development of advanced technologies, and the post-pandemic recovery of the travel industry are some of the factors fostering the market growth.
Duty-free and travel retail refers to a retailing channel that offers tax-free goods to international travelers. It includes shops, stores, and outlets established in travel environments, such as airports, ferries, and seaports. Duty-free and travel retail sells wide-ranging products, including beauty and personal care, wine and spirits, tobacco, eatables, fashion accessories, and luxury items. It offers lower prices on goods and products, increases brand awareness, and provides convenience to travelers by delivering various merchandise. As a result, duty-free and travel retail generate significant revenue for the travel, tourism, aviation, and maritime industries.
Duty-free and Travel Retail Market Trends:
The significant growth in the tourism industry is one of the key factors driving the market growth. In line with this, the increased time spent by passengers at airports due to security concerns and early check-in times is favoring the market growth. Additionally, the increasing preference for luxury and premium products, such as cosmetics, fragrances, and alcohol, is acting as another growth-inducing factor. Besides this, the rising air travel and proliferation of new international airports due to the rapidly expanding aviation industry is providing a considerable boost to market growth. Moreover, the introduction of touch screens and interactive retail kiosks, which offers seamless ordering and payment solutions, is providing an impetus to the market growth. Apart from this, the widespread adoption of new marketing strategies by brands, such as launching exclusive and limited products and partnerships with prominent distribution chains to gain a competitive edge, is propelling the market growth. Furthermore, the implementation of various government initiatives promoting international tourism is positively influencing the market growth. Other factors, including rising expenditure capacities of the consumers, emerging trends of digitalization in retailing processes, the rising consumer inclination for premium wines and spirits, and the introduction of pre-ordering applications, are anticipated to drive the market growth.
Key Market Segmentation:
Breakup by Product Type:
- Beauty and Personal Care
- Wines and Spirits
- Tobacco
- Eatables
- Fashion Accessories and Hard Luxury
- Others
Breakup by Distribution Channel:
- Airports
- Airlines
- Ferries
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aer Rianta International, China Duty Free Group Co. Ltd., Dubai Duty Free, Dufry, Duty Free Americas Inc., Gebr. Heinemann SE & Co. KG, James Richardson Group, King Power International, Lagardere Travel Retail, Lotte Duty Free, Sinsegae Duty Free and The Shilla Duty Free.
Key Questions Answered in This Report
- 1.What was the size of the global duty-free and travel retail market in 2024?
- 2.What is the expected growth rate of the global duty-free and travel retail market during 2025-2033?
- 3.What are the key factors driving the global duty-free and travel retail market?
- 4.What has been the impact of COVID-19 on the global duty-free and travel retail market?
- 5.What is the breakup of the global duty-free and travel retail market based on the product type?
- 6.What is the breakup of the global duty-free and travel retail market based on the distribution channel?
- 7.What are the key regions in the global duty-free and travel retail market?
- 8.Who are the key players/companies in the global duty-free and travel retail market?
Product Code: SR112025A6317
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 Global Duty-free and Travel Retail 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 Beauty and Personal Care
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wines and Spirits
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Tobacco
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Eatables
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Fashion Accessories and Hard Luxury
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Airports
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Airlines
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Ferries
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 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 Aer Rianta International
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 China Duty Free Group Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Dubai Duty Free
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Dufry
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Duty Free Americas Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Gebr. Heinemann SE & Co. KG
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 James Richardson Group
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 King Power International
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Lagardere Travel Retail
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Lotte Duty Free
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Sinsegae Duty Free
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 The Shilla Duty Free
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Aer Rianta International
Product Code: SR112025A6317
List of Figures
- Figure 1: Global: Duty-free and Travel Retail Market: Major Drivers and Challenges
- Figure 2: Global: Duty-free and Travel Retail Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Duty-free and Travel Retail Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Duty-free and Travel Retail Market: Breakup by Product Type (in %), 2024
- Figure 5: Global: Duty-free and Travel Retail Market: Breakup by Distribution Channel (in %), 2024
- Figure 6: Global: Duty-free and Travel Retail Market: Breakup by Region (in %), 2024
- Figure 7: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Duty-free and Travel Retail (Wines and Spirits) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Duty-free and Travel Retail (Wines and Spirits) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Duty-free and Travel Retail (Tobacco) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Duty-free and Travel Retail (Tobacco) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Duty-free and Travel Retail (Eatables) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Duty-free and Travel Retail (Eatables) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Duty-free and Travel Retail (Other Product Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Duty-free and Travel Retail (Other Product Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Duty-free and Travel Retail (Airports) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Duty-free and Travel Retail (Airports) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Duty-free and Travel Retail (Airlines) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Duty-free and Travel Retail (Airlines) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Duty-free and Travel Retail (Ferries) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Duty-free and Travel Retail (Ferries) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Duty-free and Travel Retail (Other Distribution Channels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Duty-free and Travel Retail (Other Distribution Channels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: North America: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: North America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: United States: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: United States: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Canada: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Canada: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Asia-Pacific: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Asia-Pacific: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: China: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: China: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Japan: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Japan: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: India: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: India: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: South Korea: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: South Korea: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Australia: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Australia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Indonesia: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Indonesia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Others: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Europe: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Europe: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Germany: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Germany: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: France: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: France: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: United Kingdom: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: United Kingdom: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Italy: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Italy: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Spain: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Spain: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Russia: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Russia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Others: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Latin America: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Latin America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Brazil: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Brazil: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Mexico: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Mexico: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Middle East and Africa: Duty-free and Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Middle East and Africa: Duty-free and Travel Retail Market: Breakup by Country (in %), 2024
- Figure 75: Middle East and Africa: Duty-free and Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Global: Duty-free and Travel Retail Industry: SWOT Analysis
- Figure 77: Global: Duty-free and Travel Retail Industry: Value Chain Analysis
- Figure 78: Global: Duty-free and Travel Retail Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Duty-free and Travel Retail Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Duty-free and Travel Retail Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Global: Duty-free and Travel Retail Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 4: Global: Duty-free and Travel Retail Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Duty-free and Travel Retail Market: Competitive Structure
- Table 6: Global: Duty-free and Travel Retail Market: Key Players
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