Global Duty-Free and Travel Retail Market Growth (Status and Outlook) 2023-2029

Global Duty-Free and Travel Retail Market Growth (Status and Outlook) 2023-2029

Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.

LPI (LP Information)' newest research report, the “Duty-Free and Travel Retail Industry Forecast” looks at past sales and reviews total world Duty-Free and Travel Retail sales in 2022, providing a comprehensive analysis by region and market sector of projected Duty-Free and Travel Retail sales for 2023 through 2029. With Duty-Free and Travel Retail sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Duty-Free and Travel Retail industry.

This Insight Report provides a comprehensive analysis of the global Duty-Free and Travel Retail landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Duty-Free and Travel Retail portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Duty-Free and Travel Retail market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Duty-Free and Travel Retail and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Duty-Free and Travel Retail.

The global Duty-Free and Travel Retail market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Duty-Free and Travel Retail is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Duty-Free and Travel Retail is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Duty-Free and Travel Retail is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Duty-Free and Travel Retail players cover Dufry, Lagardere Travel Retail Group, Lotte Duty Free, Gebr. Heinemann, The Shilla Duty Free, Flemingo International Ltd, James Richardson, Aer Rianta International and King Power International Group, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Duty-Free and Travel Retail market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Personal Care
Tobacco
Wines
Others

Segmentation by application
Airports
Stations
Ferries
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dufry
Lagardere Travel Retail Group
Lotte Duty Free
Gebr. Heinemann
The Shilla Duty Free
Flemingo International Ltd
James Richardson
Aer Rianta International
King Power International Group
Dubai Duty Free
Duty Free Americas
China Duty Free Group

Please note: The report will take approximately 2 business days to prepare and deliver.