Europe Duty Free Retailing Market Size, Sector Analysis, Consumer and Retail Trends, Competitive Landscape and Forecast, 2021-2025

Europe Duty Free Retailing Market Size, Sector Analysis, Consumer and Retail Trends, Competitive Landscape and Forecast, 2021-2025

Summary

The European duty-free market is expected to reach US$14.2 billion by 2025, growing at a CAGR of -2.7% during 2019-2025.

This report provides an overview of the European duty free retailing which includes key trends, retailer reactions and post Covid-19 outlook.

Scope

• As travel restrictions ease and tourism returns, things will improve fueled by the continued appeal of European brands and luxury products. However, as depicted by the negative CAGR of 2.0% from 2019-2025, sales of US$14.2 mn by 2025 will fall short of 2019 values by US$1.8 bn.
• Cosmetics and toiletries was the largest category in 2020 with sales of $1,809 million and is set to remain so through the forecast period to reach $4,938 million by 2025.
• The drinks category is set to be the fastest growing area in Europe’s duty free market with 1.3% CAGR from 2019-2025.
• The UK is set to lose the top spot with its market share declining from 24.0% in 2020 to 8.0% by 2025 owing to new regulations which will mean that duty free spend will be limited to tobacco and alcohol.

• Gain a comprehensive view of the Europe Duty Free market and forecasts to 2025
• Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of Covid-19 on the Europe Duty Free market.
• Investigate current and forecast trends in the market to identify the opportunities offering the most potential
• Understand who the main competitors are in the market and their price positioning
• Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behaviour

Companies Mentioned

World Duty Free
Heinemann
DUFRY
Aelia Duty Free
Travel Retail Norway
Hellenic Duty Free Shops
The Loop
Lojas Francas de Portugal
DFS
ATU
B&S Shop fly