Global City Duty Free Retailing Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global City Duty Free Retailing Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global City Duty Free Retailing market size was valued at USD 463.9 million in 2023 and is forecast to a readjusted size of USD 758.3 million by 2030 with a CAGR of 7.3% during review period.

City duty-free retailing refers to the operation of duty-free shops located within cities or urban areas, as opposed to those typically found at international airports or border crossings. Duty-free shops are retail outlets where travelers can purchase goods such as alcohol, tobacco, perfume, cosmetics, electronics, and other products without paying the import duties or taxes that would normally apply to these items when brought into the country. These shops are often situated in locations with a high volume of international tourists or travelers.

Recovery from the Pandemic: The COVID-19 pandemic had a significant impact on the duty-free retail sector. Many cities saw a decline in international travel, leading to reduced sales in duty-free stores. The recovery of this market depended on the reopening of borders and the return of international tourists.

Digital Transformation: Like many other retail sectors, city duty-free retailers were increasingly adopting digital technologies. This included online pre-ordering, contactless payments, and digital marketing strategies to engage with consumers. The pandemic accelerated this shift towards online and digital solutions.

Sustainability: Environmental sustainability was becoming a more significant concern for consumers. Duty-free retailers were exploring ways to reduce single-use plastic and minimize their environmental footprint. Eco-friendly packaging and products were gaining popularity.

Local and Authentic Products: Travelers were looking for unique and locally sourced products in duty-free stores. Many retailers were focusing on curating their product offerings to include items that represent the local culture and heritage of the city or region.

Luxury and Premium Products: Despite economic uncertainties, the demand for luxury and premium products remained strong in duty-free retail. High-end fashion, cosmetics, and electronics were popular categories.

The Global Info Research report includes an overview of the development of the City Duty Free Retailing industry chain, the market status of Offline Orders (Cosmetics & Personal Care Products, Alcohol, Wine and Spirits), Online Orders (Cosmetics & Personal Care Products, Alcohol, Wine and Spirits), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of City Duty Free Retailing.

Regionally, the report analyzes the City Duty Free Retailing markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global City Duty Free Retailing market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the City Duty Free Retailing market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the City Duty Free Retailing industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Cosmetics & Personal Care Products, Alcohol, Wine and Spirits).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the City Duty Free Retailing market.

Regional Analysis: The report involves examining the City Duty Free Retailing market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the City Duty Free Retailing market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to City Duty Free Retailing:

Company Analysis: Report covers individual City Duty Free Retailing players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards City Duty Free Retailing This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Offline Orders, Online Orders).

Technology Analysis: Report covers specific technologies relevant to City Duty Free Retailing. It assesses the current state, advancements, and potential future developments in City Duty Free Retailing areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the City Duty Free Retailing market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

City Duty Free Retailing market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Cosmetics & Personal Care Products
Alcohol, Wine and Spirits
Tobacco & Cigarettes
Fashion & Luxury Goods
Confectionery & Food Stuff
Other

Market segment by Application
Offline Orders
Online Orders

Market segment by players, this report covers
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe City Duty Free Retailing product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of City Duty Free Retailing, with revenue, gross margin and global market share of City Duty Free Retailing from 2019 to 2024.

Chapter 3, the City Duty Free Retailing competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and City Duty Free Retailing market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of City Duty Free Retailing.

Chapter 13, to describe City Duty Free Retailing research findings and conclusion.