Travel Retail Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Travel Retail Market
The Travel Retail market size was valued at USD 60.72 billion in 2023, and the market is now projected to grow from USD 66.30 billion in 2024 to USD 145.46 billion by 2032, exhibiting a CAGR of 10.32% during the forecast period of 2023-2030.
The COVID-19 pandemic appreciably impacted the marketplace forecast. To minimize the spread of the covid-19 contamination, governments across the globe imposed lockdowns and other journey regulations. This factor decreased the variety of air and marine tourists, thereby threatening the marketplace growth price.
Recent years have witnessed outstanding industry participants launching promotional campaigns and offering reductions and offers to inspire clients to buy duty-free products. In addition, they consciousness on supplying splendid, privately labelled merchandise to attract better-income travelers and generate revenue streams. These factors are predicted to reinforce the product sales thru stores inside the future. This outcomes in Travel Retail market growth.
A widespread wide variety of vacationers global select sustainable duty-unfastened merchandise to reduce their environmental effect. This aspect has advocated distinguished enterprise individuals to release sustainable and green shops to draw eco-conscious customers.
Comprehensive Analysis of Travel Retail Market
The Travel Retail market is rising at an exponential charge due to its marketplace segmentation. The scope includes content delivery services and software based on component. Based on product type, the market is segmented into cosmetics & fragrances, wines & spirits, confectionery & fine foods, tobacco products, fashion & accessories, and others. Based on sector, the market is categorized into duty-free and duty-paid. Based on sales channel/distribution channel, the market is segmented into airport & airline shops, seaport & cruise line shops, border downtown hotel shops, railway stations, and others.
Asia Pacific has the largest Travel Retail market share. Asia Pacific dominated the global market in 2023 and has benefitted from the growing spending of domestic and international travelers on duty-unfastened merchandise, drastically in international locations, which include China and South Korea. The China obligation free and duty paid market has recovered significantly from the bad have an effect on of the COVID-19 pandemic, with growing footfall across airports. Furthermore, tour companies, along with MakeMyTrip and Yatra imparting holiday programs, together with motel reservations and airline & rail tickets, will favor the local market’s enlargement.
The top players in the market play a crucial role in the Travel Retail industry assuring industrial prospectus growth and setting market standards. These players include, Delhi Duty Free Services Pvt. Ltd. (DDFS) (India), Gebr. Heinemann SE & Co. KG (Germany), Lagardere Travel Retail (France), King Power International Group (Thailand), Aer Rianta International (Ireland), Lotte Duty Free (South Korea), China Duty Free Group Co., Ltd. (China), Dufry AG (Switzerland), Abu Dhabi Duty Free (UAE), and DFS Group Ltd. (France).
In November 2023, Lagardère Travel Retail, a French enterprise, introduced plans to open 3 new stores after prevailing the electronics soft on the Frankfurt Airport. The new Tech2go stores in Terminal 1, covering a 200 sq. M. Place, will offer electronic products.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.32% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Cosmetic & Fragrances
Wines & Spirit
Confectionery & Fine Foods
Tobacco Products
Fashion & Accessories
Others
By Sector
Duty Free
Duty Paid
By Sales Channel
Airport & Airline Shops
Seaport & Cruise line Shops
Border Downtown Hotel Shops
Railway Station and Others
By Region
North America (By Product Type, Sector, Sales Channel, and Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, Sector, Sales Channel, and Country)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
U.K. (By Product Type)
Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Sector, Sales Channel, and Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
Australia (By Product Type)
South Korea (By Product Type)
Rest of Asia Pacific (By Product Type)
South America (By Product Type, Sector, Sales Channel, and Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America (By Product Type)
Middle East & Africa (By Product Type, Sector, Sales Channel, and Country)
UAE (By Product Type)
South Africa (By Product Type)
Rest of Middle East & Africa (By Product Type)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Market
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain Analysis
- 4.4. Regulatory Framework
- 5. Global Travel Retail Market Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Cosmetic & Fragrances
- 5.2.2. Wines & Spirit
- 5.2.3. Confectionery & Fine Foods
- 5.2.4. Tobacco Products
- 5.2.5. Fashion & Accessories
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Sector
- 5.3.1. Duty Free
- 5.3.2. Duty Paid
- 5.4. Market Analysis, Insights and Forecast – By Sales Channel
- 5.4.1. Airport & Airline Shops
- 5.4.2. Seaport & Cruise line Shops
- 5.4.3. Border Downtown Hotel Shops
- 5.4.4. Railway Station and Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. South America
- 5.5.5. Middle East & Africa
- 6. North America Travel Retail Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Cosmetic & Fragrances
- 6.2.2. Wines & Spirit
- 6.2.3. Confectionery & Fine Foods
- 6.2.4. Tobacco Products
- 6.2.5. Fashion & Accessories
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Sector
- 6.3.1. Duty Free
- 6.3.2. Duty Paid
- 6.4. Market Analysis, Insights and Forecast – By Sales Channel
- 6.4.1. Airport & Airline Shops
- 6.4.2. Seaport & Cruise line Shops
- 6.4.3. Border Downtown Hotel Shops
- 6.4.4. Railway Station and Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.1.1. By Product Type
- 6.5.1.1.1. Cosmetic & Fragrances
- 6.5.1.1.2. Wines & Spirit
- 6.5.1.1.3. Confectionery & Fine Foods
- 6.5.1.1.4. Tobacco Products
- 6.5.1.1.5. Fashion & Accessories
- 6.5.1.1.6. Others
- 6.5.2. Canada
- 6.5.2.1. By Product Type
- 6.5.2.1.1. Cosmetic & Fragrances
- 6.5.2.1.2. Wines & Spirit
- 6.5.2.1.3. Confectionery & Fine Foods
- 6.5.2.1.4. Tobacco Products
- 6.5.2.1.5. Fashion & Accessories
- 6.5.2.1.6. Others
- 6.5.3. Mexico
- 6.5.3.1. By Product Type
- 6.5.3.1.1. Cosmetic & Fragrances
- 6.5.3.1.2. Wines & Spirit
- 6.5.3.1.3. Confectionery & Fine Foods
- 6.5.3.1.4. Tobacco Products
- 6.5.3.1.5. Fashion & Accessories
- 6.5.3.1.6. Others
- 7. Europe Travel Retail Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Cosmetic & Fragrances
- 7.2.2. Wines & Spirit
- 7.2.3. Confectionery & Fine Foods
- 7.2.4. Tobacco Products
- 7.2.5. Fashion & Accessories
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By Sector
- 7.3.1. Duty Free
- 7.3.2. Duty Paid
- 7.4. Market Analysis, Insights and Forecast – By Sales Channel
- 7.4.1. Airport & Airline Shops
- 7.4.2. Seaport & Cruise line Shops
- 7.4.3. Border Downtown Hotel Shops
- 7.4.4. Railway Station and Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. Germany
- 7.5.1.1. By Product Type
- 7.5.1.1.1. Cosmetic & Fragrances
- 7.5.1.1.2. Wines & Spirit
- 7.5.1.1.3. Confectionery & Fine Foods
- 7.5.1.1.4. Tobacco Products
- 7.5.1.1.5. Fashion & Accessories
- 7.5.1.1.6. Others
- 7.5.2. France
- 7.5.2.1. By Product Type
- 7.5.2.1.1. Cosmetic & Fragrances
- 7.5.2.1.2. Wines & Spirit
- 7.5.2.1.3. Confectionery & Fine Foods
- 7.5.2.1.4. Tobacco Products
- 7.5.2.1.5. Fashion & Accessories
- 7.5.2.1.6. Others
- 7.5.3. Italy
- 7.5.3.1. By Product Type
- 7.5.3.1.1. Cosmetic & Fragrances
- 7.5.3.1.2. Wines & Spirit
- 7.5.3.1.3. Confectionery & Fine Foods
- 7.5.3.1.4. Tobacco Products
- 7.5.3.1.5. Fashion & Accessories
- 7.5.3.1.6. Others
- 7.5.4. Spain
- 7.5.4.1. By Product Type
- 7.5.4.1.1. Cosmetic & Fragrances
- 7.5.4.1.2. Wines & Spirit
- 7.5.4.1.3. Confectionery & Fine Foods
- 7.5.4.1.4. Tobacco Products
- 7.5.4.1.5. Fashion & Accessories
- 7.5.4.1.6. Others
- 7.5.5. U.K
- 7.5.5.1. By Product Type
- 7.5.5.1.1. Cosmetic & Fragrances
- 7.5.5.1.2. Wines & Spirit
- 7.5.5.1.3. Confectionery & Fine Foods
- 7.5.5.1.4. Tobacco Products
- 7.5.5.1.5. Fashion & Accessories
- 7.5.5.1.6. Others
- 7.5.6. Rest of Europe
- 7.5.6.1. By Product Type
- 7.5.6.1.1. Cosmetic & Fragrances
- 7.5.6.1.2. Wines & Spirit
- 7.5.6.1.3. Confectionery & Fine Foods
- 7.5.6.1.4. Tobacco Products
- 7.5.6.1.5. Fashion & Accessories
- 7.5.6.1.6. Others
- 8. Asia-Pacific Travel Retail Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Cosmetic & Fragrances
- 8.2.2. Wines & Spirit
- 8.2.3. Confectionery & Fine Foods
- 8.2.4. Tobacco Products
- 8.2.5. Fashion & Accessories
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Sector
- 8.3.1. Duty Free
- 8.3.2. Duty Paid
- 8.4. Market Analysis, Insights and Forecast – By Sales Channel
- 8.4.1. Airport & Airline Shops
- 8.4.2. Seaport & Cruise line Shops
- 8.4.3. Border Downtown Hotel Shops
- 8.4.4. Railway Station and Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.1.1. By Product Type
- 8.5.1.1.1. Cosmetic & Fragrances
- 8.5.1.1.2. Wines & Spirit
- 8.5.1.1.3. Confectionery & Fine Foods
- 8.5.1.1.4. Tobacco Products
- 8.5.1.1.5. Fashion & Accessories
- 8.5.1.1.6. Others
- 8.5.2. India
- 8.5.2.1. By Product Type
- 8.5.2.1.1. Cosmetic & Fragrances
- 8.5.2.1.2. Wines & Spirit
- 8.5.2.1.3. Confectionery & Fine Foods
- 8.5.2.1.4. Tobacco Products
- 8.5.2.1.5. Fashion & Accessories
- 8.5.2.1.6. Others
- 8.5.3. Japan
- 8.5.3.1. By Product Type
- 8.5.3.1.1. Cosmetic & Fragrances
- 8.5.3.1.2. Wines & Spirit
- 8.5.3.1.3. Confectionery & Fine Foods
- 8.5.3.1.4. Tobacco Products
- 8.5.3.1.5. Fashion & Accessories
- 8.5.3.1.6. Others
- 8.5.4. Australia
- 8.5.4.1. By Product Type
- 8.5.4.1.1. Cosmetic & Fragrances
- 8.5.4.1.2. Wines & Spirit
- 8.5.4.1.3. Confectionery & Fine Foods
- 8.5.4.1.4. Tobacco Products
- 8.5.4.1.5. Fashion & Accessories
- 8.5.4.1.6. Others
- 8.5.5. South Korea
- 8.5.5.1. By Product Type
- 8.5.5.1.1. Cosmetic & Fragrances
- 8.5.5.1.2. Wines & Spirit
- 8.5.5.1.3. Confectionery & Fine Foods
- 8.5.5.1.4. Tobacco Products
- 8.5.5.1.5. Fashion & Accessories
- 8.5.5.1.6. Others
- 8.5.6. Rest of Asia Pacific
- 8.5.6.1. By Product Type
- 8.5.6.1.1. Cosmetic & Fragrances
- 8.5.6.1.2. Wines & Spirit
- 8.5.6.1.3. Confectionery & Fine Foods
- 8.5.6.1.4. Tobacco Products
- 8.5.6.1.5. Fashion & Accessories
- 8.5.6.1.6. Others
- 9. South America Travel Retail Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Cosmetic & Fragrances
- 9.2.2. Wines & Spirit
- 9.2.3. Confectionery & Fine Foods
- 9.2.4. Tobacco Products
- 9.2.5. Fashion & Accessories
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Sector
- 9.3.1. Duty Free
- 9.3.2. Duty Paid
- 9.4. Market Analysis, Insights and Forecast – By Sales Channel
- 9.4.1. Airport & Airline Shops
- 9.4.2. Seaport & Cruise line Shops
- 9.4.3. Border Downtown Hotel Shops
- 9.4.4. Railway Station and Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.1.1. By Product Type
- 9.5.1.1.1. Cosmetic & Fragrances
- 9.5.1.1.2. Wines & Spirit
- 9.5.1.1.3. Confectionery & Fine Foods
- 9.5.1.1.4. Tobacco Products
- 9.5.1.1.5. Fashion & Accessories
- 9.5.1.1.6. Others
- 9.5.2. Argentina
- 9.5.2.1. By Product Type
- 9.5.2.1.1. Cosmetic & Fragrances
- 9.5.2.1.2. Wines & Spirit
- 9.5.2.1.3. Confectionery & Fine Foods
- 9.5.2.1.4. Tobacco Products
- 9.5.2.1.5. Fashion & Accessories
- 9.5.2.1.6. Others
- 9.5.3. Rest of South America
- 9.5.3.1. By Product Type
- 9.5.3.1.1. Cosmetic & Fragrances
- 9.5.3.1.2. Wines & Spirit
- 9.5.3.1.3. Confectionery & Fine Foods
- 9.5.3.1.4. Tobacco Products
- 9.5.3.1.5. Fashion & Accessories
- 9.5.3.1.6. Others
- 10. Middle East & Africa Travel Retail Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product Type
- 10.2.1. Cosmetic & Fragrances
- 10.2.2. Wines & Spirit
- 10.2.3. Confectionery & Fine Foods
- 10.2.4. Tobacco Products
- 10.2.5. Fashion & Accessories
- 10.2.6. Others
- 10.3. Market Analysis, Insights and Forecast – By Sector
- 10.3.1. Duty Free
- 10.3.2. Duty Paid
- 10.4. Market Analysis, Insights and Forecast – By Sales Channel
- 10.4.1. Airport & Airline Shops
- 10.4.2. Seaport & Cruise line Shops
- 10.4.3. Border Downtown Hotel Shops
- 10.4.4. Railway Station and Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. South Africa
- 10.5.1.1. By Product Type
- 10.5.1.1.1. Cosmetic & Fragrances
- 10.5.1.1.2. Wines & Spirit
- 10.5.1.1.3. Confectionery & Fine Foods
- 10.5.1.1.4. Tobacco Products
- 10.5.1.1.5. Fashion & Accessories
- 10.5.1.1.6. Others
- 10.5.2. UAE
- 10.5.2.1. By Product Type
- 10.5.2.1.1. Cosmetic & Fragrances
- 10.5.2.1.2. Wines & Spirit
- 10.5.2.1.3. Confectionery & Fine Foods
- 10.5.2.1.4. Tobacco Products
- 10.5.2.1.5. Fashion & Accessories
- 10.5.2.1.6. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Product Type
- 10.5.3.1.1. Cosmetic & Fragrances
- 10.5.3.1.2. Wines & Spirit
- 10.5.3.1.3. Confectionery & Fine Foods
- 10.5.3.1.4. Tobacco Products
- 10.5.3.1.5. Fashion & Accessories
- 10.5.3.1.6. Others
- 11. Competitive Analysis
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Travel Retail Market Revenue Share/Ranking Analysis (2023)
- 12. Company Profiles
- 12.1. Lagardere Travel Retail
- 12.1.1. Overview
- 12.1.2. Products
- 12.1.3. SWOT Analysis
- 12.1.4. Recent Developments
- 12.1.5. Strategies
- 12.1.6. financials (Based on Availability)
- 12.2. DFS Group Ltd.
- 12.2.1. Overview
- 12.2.2. Products
- 12.2.3. SWOT Analysis
- 12.2.4. Recent Developments
- 12.2.5. Strategies
- 12.2.6. financials (Based on Availability)
- 12.3. Dufry AG
- 12.3.1. Overview
- 12.3.2. Products
- 12.3.3. SWOT Analysis
- 12.3.4. Recent Developments
- 12.3.5. Strategies
- 12.3.6. financials (Based on Availability)
- 12.4. King Power International Group
- 12.4.1. Overview
- 12.4.2. Products
- 12.4.3. SWOT Analysis
- 12.4.4. Recent Developments
- 12.4.5. Strategies
- 12.4.6. financials (Based on Availability)
- 12.5. Aer Rianta International
- 12.5.1. Overview
- 12.5.2. Products
- 12.5.3. SWOT Analysis
- 12.5.4. Recent Developments
- 12.5.5. Strategies
- 12.5.6. financials (Based on Availability)
- 12.6. Delhi Duty Free Services Pvt. Ltd. (DDFS)
- 12.6.1. Overview
- 12.6.2. Products
- 12.6.3. SWOT Analysis
- 12.6.4. Recent Developments
- 12.6.5. Strategies
- 12.6.6. financials (Based on Availability)
- 12.7. Lotte Duty Free
- 12.7.1. Overview
- 12.7.2. Products
- 12.7.3. SWOT Analysis
- 12.7.4. Recent Developments
- 12.7.5. Strategies
- 12.7.6. financials (Based on Availability)
- 12.8. Gebr. Heinemann SE & Co. KG
- 12.8.1. Overview
- 12.8.2. Products
- 12.8.3. SWOT Analysis
- 12.8.4. Recent Developments
- 12.8.5. Strategies
- 12.8.6. financials (Based on Availability)
- 12.9. China Duty Free Group Co., Ltd.
- 12.9.1. Overview
- 12.9.2. Products
- 12.9.3. SWOT Analysis
- 12.9.4. Recent Developments
- 12.9.5. Strategies
- 12.9.6. financials (Based on Availability)
- 12.10. Abu Dhabi Duty Free
- 12.10.1. Overview
- 12.10.2. Products
- 12.10.3. SWOT Analysis
- 12.10.4. Recent Developments
- 12.10.5. Strategies
- 12.10.6. financials (Based on Availability)
- 13. Strategic Recommendations/ Market Opportunities
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