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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Asia Pacific Duty-Free Retailing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The Asia Pacific duty-free retailing market grew at a CAGR of around 9% during 2014-2019. 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. The Asia Pacific duty-free retailing market, however, is expected to recover from 2021 and exhibit moderate growth during 2021-2025.

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, Lagardère Travel Retail Pacific (Lagardère 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?

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    Lagardère Travel Retail Pacific (Lagardère 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


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$), 2014-2019
Figure 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 4: Asia-Pacific: Duty-Free Retailing Market: Breakup by Product Type (in %), 2019
Figure 5: Asia-Pacific: Duty-Free Retailing Market: Breakup by Distribution Channel (in %), 2019
Figure 6: Asia-Pacific: Duty-Free Retailing Market: Breakup by Country (in %), 2019
Figure 7: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 8: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Asia-Pacific: Duty-Free Retailing (Confectionery & Fine Food) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Asia-Pacific: Duty-Free Retailing (Confectionery & Fine Food) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Asia-Pacific: Duty-Free Retailing (Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Asia-Pacific: Duty-Free Retailing (Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Asia-Pacific: Duty-Free Retailing (Airports) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Asia-Pacific: Duty-Free Retailing (Airports) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Asia-Pacific: Duty-Free Retailing (Border Shops) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Asia-Pacific: Duty-Free Retailing (Border Shops) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Asia-Pacific: Duty-Free Retailing (Seaports) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Asia-Pacific: Duty-Free Retailing (Seaports) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: China (including Hong Kong): Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: China (including Hong Kong): Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: South Korea: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: South Korea: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Japan: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Japan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: India: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: India: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Singapore: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Singapore: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Thailand: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Thailand: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Australia: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Australia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Indonesia: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Indonesia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Taiwan: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Taiwan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Others: Duty-Free Retailing Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Others: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 4: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Country (in Million US$), 2020-2025
Table 5: Asia-Pacific: Duty-Free Retailing Market: Competitive Structure
Table 6: Asia-Pacific: Duty-Free Retailing Market: Key Players
 

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