Duty Free Retailing Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Duty Free Retailing Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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 2021, owing to increasing number of travelers in the region. For instance, according to the Airports Council International, in 2021, 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 and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 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.
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Canada
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Mexico
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Europe
U.K.
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Germany
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Italy
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
France
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Russia
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Rest of Europe
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Asia Pacific
China
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
India
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Japan
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
ASEAN
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Australia
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
South Korea
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Rest of Asia Pacific
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
South America
Brazil
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Argentina
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Rest of South America
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Middle East
GCC
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Rest of Middle East
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Africa
Northern Africa
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Southern Africa
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Rest of Africa
By Product Type:
Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Foods
Electronics, Gifts, & Others
By Sales Channels:
Airport Shops
Ferries
Airlines
Others
Company Profiles
Dufry AG *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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
China Duty Free Group Co., Ltd
“*” marked represents similar segmentation in other categories in the respective section.