Airport Retailing Market Share, Size, Trends, Industry Analysis Report, By Category (Fashion & Accessories, Perfumes & Cosmetics, Liquor & Tobacco, Food & Beverages, and Others); By Distribution Channel; By Airport Size; By Region; Segment Forecast, 2023

Airport Retailing Market Share, Size, Trends, Industry Analysis Report, By Category (Fashion & Accessories, Perfumes & Cosmetics, Liquor & Tobacco, Food & Beverages, and Others); By Distribution Channel; By Airport Size; By Region; Segment Forecast, 2023 – 2032

The global airport retailing market size is expected to reach USD 97.18 billion by 2032, according to a new study by Polaris Market Research. The report “Airport Retailing Market Share, Size, Trends, Industry Analysis Report, By Category (Fashion & Accessories, Perfumes & Cosmetics, Liquor & Tobacco, Food & Beverages, and Others); By Distribution Channel; By Airport Size; By Region; Segment Forecast, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapid increase in the number of airports worldwide offering a wide range of retail stores, duty-free outlets, and luxury brands in order to cater to diverse traveler preferences and elevate their experience and growing technological advancements that have made it easier for passengers to explore and purchase products at airports, are among the leading factors driving sales and revenue. Additionally, investments in airport infrastructure and expansion projects that led to larger terminals and increased commercial space are likely opportunities for businesses to establish their presence within airports and boost their revenue and growth.

For instance, in June 2023, Future Travel Experience established a new “FTE World Airport Retailing Working Group” under the company plans to extend their change into commercial space.

In recent years, many airports and large retailers have developed mobile applications that provide travelers with a range of features, including real-time flight information, wayfinding assistance, and personalized shopping experiences. These apps allow passengers to browse and purchase products, access exclusive offers, and conveniently receive digital receipts, and they are likely to have a positive impact on the global market.

Additionally, there is a growing trend of incorporating wellness and health-focused retail options in airport environments, which includes the availability of healthy food choices, fitness facilities, relaxation areas, and wellness-themed retail outlets. Passengers across the world are increasingly prioritizing their well-being, and airports are responding by offering products and services that cater to these needs, which creates new revenue opportunities in the near future.

Airport Retailing Market Report Highlights

Fashion & accessories segment accounted for largest global market share in 2022, due to increasing customer base at airports spending higher on premium and fashionable products

Direct retailer segment led the industry market with substantial share in 2022, mainly attributable to their better control on their operations and ability to provide best competitive rates in the market

Medium airports segment is likely to grow at significant growth rate over the study period, owing to increased number of passengers due to their modern, spacious, and well-designed terminals

Asia Pacific region dominated the global market with considerable share in 2022, on account of rising consumer disposable incomes and surging airport infrastructure development in the region

The global key market players include King Power International, Japan Airport Terminal, Flemingo International, Airport Retail Group, Dubai Duty-Free, and DFS Group

Polaris Market Research has segmented the airport retailing market report based on category, distribution channel, airport size, and region:

Airport Retailing, Category Outlook (Revenue - USD Billion, 2019 - 2032)

Fashion & Accessories

Perfumes & Cosmetics

Liquor & Tobacco

Food & Beverages

Others

Airport Retailing, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

Direct Retailer

Convenience Stores

Specialty Stores

Departmental Store

Airport Retailing, Airport Size Outlook (Revenue - USD Billion, 2019 - 2032)

Medium Airport

Small Airport

Large Airport

Airport Retailing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa