Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Duty-free and Travel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global duty-free and travel retail market size reached US$ 34.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.85 Billion by 2027, exhibiting a growth rate (CAGR) of 8.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global duty-free and travel retail market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and distribution channel.

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, Lagardère Travel Retail, Lotte Duty Free, Sinsegae Duty Free and The Shilla Duty Free.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, Lagardère Travel Retail, Lotte Duty Free, Sinsegae Duty Free and The Shilla Duty Free.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global duty-free and travel retail market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global duty-free and travel retail 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 global duty-free and travel retail 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    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
    8.2    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
    8.3    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
    8.4    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
    8.5    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    Lagardère 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

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 US$), 2016-2021
Figure 3: Global: Duty-free and Travel Retail Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Duty-free and Travel Retail Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Duty-free and Travel Retail Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Duty-free and Travel Retail Market: Breakup by Region (in %), 2021
Figure 7: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Duty-free and Travel Retail (Beauty and Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Duty-free and Travel Retail (Wines and Spirits) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Duty-free and Travel Retail (Wines and Spirits) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Duty-free and Travel Retail (Tobacco) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Duty-free and Travel Retail (Tobacco) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Duty-free and Travel Retail (Eatables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Duty-free and Travel Retail (Eatables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Duty-free and Travel Retail (Fashion Accessories and Hard Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Duty-free and Travel Retail (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Duty-free and Travel Retail (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Duty-free and Travel Retail (Airports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Duty-free and Travel Retail (Airports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Duty-free and Travel Retail (Airlines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Duty-free and Travel Retail (Airlines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Duty-free and Travel Retail (Ferries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Duty-free and Travel Retail (Ferries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Duty-free and Travel Retail (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Duty-free and Travel Retail (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Duty-free and Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Duty-free and Travel Retail Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Duty-free and Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Duty-free and Travel Retail Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Duty-free and Travel Retail Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Duty-free and Travel Retail Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Duty-free and Travel Retail Market: Competitive Structure
Table 6: Global: Duty-free and Travel Retail Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links

4