Duty Free Retailing Market, By Product Type (Fragrances & Cosmetics, Wines & Spirits, Fashion & Accessories, Tobacco, Watches & Jewelry, Confectionary & Fine Food, Electronics & Gifts, and Others), By Sales Channel (Airport Shops, Ferries, Airlines, and O

Duty Free Retailing Market, By Product Type (Fragrances & Cosmetics, Wines & Spirits, Fashion & Accessories, Tobacco, Watches & Jewelry, Confectionary & Fine Food, Electronics & Gifts, and Others), By Sales Channel (Airport Shops, Ferries, Airlines, and Others), and By Region (North America, South America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Duty free retail shops have helped airports to generate greater revenues all over the world and thereby reduced the landing fees the airports charge to airlines. In turn, it has helped airlines to keep lower ticket prices that has benefited travelers of the airlines. Revenue generated by the airport retail stores can also be utilized for infrastructure development as airports need continuous up-gradation. For instance, according to Airports Council International-North America, America’s airports would require more than US$ 128 billion in infrastructure upgrades by 2023.

Market Dynamics

By product type, duty free wines & spirits segment is expected to gain major traction, and this is owing to increasing sales of wines & spirits in duty free stores as government bodies do not impose any tax on alcoholic products bought from duty free shops. Moreover, companies are launching new liquor products at duty free shops to attract more tourists. For instance, from April 2019, a Poland-made spirit, Pravda Vodka, has been made available at Aer Rianta International’s ‘The Loop Duty Free New Zealand’, at Auckland Airport.

Among regions, Europe held a significant market share in 2022, owing to increasing number of travelers in the region. For instance, according to the Airports Council International, in 2018, Heathrow Airport (London), Charles de Gaulle Airport (Paris), Amsterdam Airport Schiphol (The Netherlands), and Frankfurt Airport (Germany) were ranked among the world’s top 15 busiest airports by passenger traffic.

Key features of the study:

• This report provides in-depth analysis of duty free retailing market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global Duty Free Retailing market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include, Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
• The global duty free retailing market report caters to various stakeholders in this industry including investors, suppliers, duty free retailing market players, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the duty free retailing market

Detailed Segmentation:

• Global Duty Free Retailing Market, By Product Type:
• Fragrances & Cosmetics
• Wines & Spirits
• Fashion & Accessories
• Tobacco
• Watches & Jewelry
• Confectionary & Fine Foods
• Electronics, Gifts, & Others
• Global Duty Free Retailing Market, By Sales Channels:
• Airport Shops
• Ferries
• Airlines
• Others
• Global Duty Free Retailing Market, By Geography:
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East
• GCC
• Rest of Middle East
• Africa
• Northern Africa
• Southern Africa
• Rest of Africa
• Company Profiles
• Dufry AG *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• LOTTE Duty Free Company
• DFS Group Limited
• Heinemann SE & Co. KG
• The Shilla Duty Free
• The King Power International Group
• James Richardson Corporation Pty Ltd.
• Duty Free Americas, Inc.
• Flemingo International Ltd.
• Dubai Duty Free
• China Duty Free Group Co., Ltd

“*” marked represents similar segmentation in other categories in the respective section.