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Duty Free Retailing Market

2021

Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other); Application (Airports, On-board Aircraft, Seaports, Others)

Publication Month: Feb 2020 | Report Code: TIPRE00008786 | No. of Pages: 191 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

Duty Free Retailing Market to Grow at a CAGR of 8.44% to reach US$ 155.30 Bn Million from 2019 to 2027

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The duty free retailing market accounted for US$ 77.87 Bn in 2018 and is anticipated to grow at a CAGR of 8.44% to reach US$ 155.30 Bn by 2027.

Constant development in the travel & tourism industry, coupled with the integration of several segments including hospitality & infrastructure with government initiatives, enhance the travel & tourism industry, resulting in the growth of the duty-free retailing market. According to the World Travel and Tourism Council (WTTC), the global travel & tourism sector is witnessing a significant growth with a surpassing global GDP in 2018 for the eighth year consecutively. The industry grew at 3.9% YoY and accounted for US$ 8.8 Trillion in 2018.

The high growth in the travel & tourism industry is attributed to the rising middle-class population worldwide coupled with low-budget travel packages offered by several travel package providers.

The growth in the travel & tourism industry is also resulting in the construction of new airports and ports worldwide. For instance, in 2020, GMR Airports Ltd signed a contract to build duty-free shops at Kannur international airport in Kerala, India. Also, several airport expansion projects are underway in North America and the European region. Moreover, several developing nations are investing in building new airports to handle the increasing passenger traffic. The capacity within terminals enables specific brand outlets to create their individual retail space, and for larger duty-free shops to build branded spaces within a larger store, supporting higher-value sales. Furthermore, several cruise lines are also opening duty-free stores. For instance, in 2018, Carnival Cruise Line, an international cruise line, and Heinemann introduced a duty-free shopping experience for its customers’ onboard Carnival Liberty. Also, Heinemann’s APAC arm also announced the opening of its duty-free store onboard vessel Carnival Spirit based in Sydney. According to Cruise Lines International Association (CLIA), the number of cruise tourists increased globally from 17.8 Mn passengers in 2009 to an anticipated 30 Mn in 2019. The association also expects that the cruise industry will witness further growth owing to the expansion of new destinations. The growth in the construction of new airports, as well as the cruise industry, is anticipated to drive the overall growth of the travel & tourism industry, thus boosting the duty-free retailing market

Lucrative Regions for Duty Free Retailing Market

Lucrative Regions for Duty Free Retailing Market

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Market Insights

Moving Trend from Desktop to Mobile, Voice, and Bots

The notable trend is being witnessed among customers moving from a traditional desktop system to mobile, voice, and Chabot’s. The retail sector is witnessing a rise in mobile e-commerce, due to which there is rapid adoption of simple and enhanced processes which makes product selection, booking, and payment instantaneous.

With the advancement in technology, voice assistants are getting better at understanding the human voice. Besides voice, digital travel assistance such as Chabot’s are significantly enhancing customer’s experience. Introduction of AI in technologies are anticipating traveler’s needs in real-time. With the implementation of advanced technologies and application based shopping, the duty-free retailing is expected to witness significant demand during the forecast period.

Product Type Market Insights

Based on product type, the duty-free retailing market is segmented into cosmetics and personal care; alcohol, wine and spirits; tobacco and cigarettes; fashion and accessories; confectionery and food stuff; and others. The others segment consists of electronics, health supplements, toys, watches, books, and fine writings. The opportunity to purchase the products at a much lesser cost is catalyzing the trend, which is impacting positively on the growth of the duty-free retailing market. Additionally, airlines always lookout for impressive services to enhance passenger flying experience, and onboard shopping and pre-boarding shopping is one of the new services rolled out by airlines, which is, in turn, driving the growth of the duty free retailing market.

Duty Free Retailing Market, by Product – 2018 and 2027

Duty Free Retailing Market, by Product – 2018 and 2027

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Application Market Insight

Based on Application, the duty-free retailing market is segmented into Airports, Onboard Aircraft, Seaports, and Others. Airports segment holds the largest market share, followed by others, seaport, and on-board segment. The airport duty-free retailing facility offers a pre-booking of duty-free products, which allows the customers to choose the product delivery at the airport or on-board. This facility allows passengers to carry less luggage, which further reduces the risk of incurring excess baggage fees.

Strategic Insights

The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In July 2020, Dubai Duty Free opened a new Arrivals Shop in Terminal 3 of Dubai International Airport. The new Dubai Duty Free Arrivals Shop structures a total retail space of 1,100sqm, which is an important increase over its previous retail area of 660sqm. The additional area is mainly in front of the demise line of the old shop, and the new shop is designed to expressively improve the visibility of the shop to arriving passengers within the large baggage hall.
  • In November 2019, Bacardi Global Travel Retail joined with Dubai Duty Free during the launch of Aberfeldy 19YO Exceptional Cas. Available from 1 November 2019 at 13 Dubai Duty Free stores across Dubai International Airport, ABERFELDY 19YO Exceptional Cask Small Batch is presented in special edition packaging, consisting bottle numbering that celebrates its newly at Dubai International and offers an thrilling proposition for single malt connoisseurs and collectors as well as tempting new generations of adult whisky drinkers..

Global Duty Free Retailing Market Segments:

Duty Free Retailing Market – By Product Type

  • Cosmetics and Personal Care Products
  • Alcohol, Wine and Spirits
  • Tobacco and Cigarettes
  • Fashion
  • Confectionery and Food Stuff
  • Others

Global Duty Free Retailing Market – By Application

  • Airports
  • On-board Aircraft
  • Seaports
  • Others

Duty Free Retailing Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Companies

  • Aer Rianta International (ARI)
  • China Duty Free Group Co.,Ltd.
  • Dubai Duty Free
  • Duty Free Americas
  • Gebr. Heinemann
  • King Power International Group
  • Lotte Duty Free
  • Shinsegae Duty Free
  • The Shilla Duty Free
  • LVMH
  • LAGARDèRE TRAVEL RETAIL
  • Hyundai Duty Free
  • DUFRY AG

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Duty Free Retailing Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 PEST Analysis

4.3.1 North America – PEST Analysis

4.3.2 Europe – PEST Analysis

4.3.3 Asia-Pacific – PEST Analysis

4.3.4 Middle East & Africa – PEST Analysis

4.3.5 South America – PEST Analysis

4.4 Premium Insights

4.4.1 Segmental Revenue by Operator

4.4.1.1 LVMH

4.4.1.2 Dufry AG

4.4.1.3 Dubai Duty Free

4.4.1.4 Gebr Heinemann

4.4.1.5 The Shilla Duty Free

4.4.2 Segmental Revenue by Operator

4.4.2.1 Insights on Impact of Natural or Biological Calamities on Duty Free Retailing Market and its Recovery

4.4.2.1.1 Coronavirus

4.4.2.1.2 Spread of the Zika virus beyond the Americas

5. Duty Free Retailing Market – Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Increasing Number of Air Travelers is Fuelling the Duty-Free Retailing Market

5.1.2 Growth in Travel & Tourism Industry is Boosting the Duty-Free Retailing Market

5.2 Restraints

5.2.1 Crisis and Disasters can Significantly Affect the Duty-Free Retailing Market

5.3 Opportunities

5.3.1 Enhancement in Customer Experience Offers Lucrative Opportunities to Vendors

5.4 Trends

5.4.1 Moving Trend from Desktop to Mobile, Voice, and Bots

5.5 Impact analysis of Drivers and restraints

6. Duty Free Retailing Market – Global Market Analysis

6.1 Global Duty Free Retailing Market, Revenue and Forecast to 2027 (US$ Bn)

6.2 Market Positioning- Top Five Players

7. Duty-Free Retailing Market – By Product Type

7.1 Overview

7.2 Duty-Free Retailing Market Breakdown, by Product Type (2018 and 2027)

7.3 Cosmetics and Personal Care

7.3.1 Overview

7.3.2 Cosmetics and Personal Care: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

7.4 Alcohol, Wine, and Spirits

7.4.1 Overview

7.4.2 Alcohol, Wine and Spirits: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

7.5 Tobacco and Cigarettes

7.5.1 Overview

7.5.2 Tobacco and Cigarettes: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

7.6 Fashion and Accessories

7.6.1 Overview

7.6.2 Fashion and Accessories: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

7.7 Confectionery and Food Stuff

7.7.1 Overview

7.7.2 Confectionery and Food Stuff: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

7.8 Others

7.8.1 Overview

7.8.2 Others: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

8. Duty-Free Retailing Market – By Application

8.1 Overview

8.2 Duty-Free Retailing Market Breakdown, by Application (2018 and 2027)

8.3 Airports

8.3.1 Overview

8.3.2 Airports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

8.4 On-board Aircraft

8.4.1 Overview

8.4.2 On-board Aircraft: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

8.5 Seaports

8.5.1 Overview

8.5.2 Seaports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

8.6 Others

8.6.1 Overview

8.6.2 Train Stations: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

9. Duty Free Retail Market – Geographic Analysis

9.1 Overview

9.2 North America: Duty-free retail market

9.2.1 Overview

9.2.2 North America: Duty Free Retail Market – Revenue and Forecast to 2027 (US$ Billion)

9.2.3 North America: Duty-free retail market Revenue Share, by Product Type

9.2.4 North America: Duty-free retail market Revenue Share, by Application

9.2.5 North America: Duty-free retail market Revenue Share, by Country

The US led the North America market in 2018 with a share of 72.65% and is expected to capture 68.91% of the market by 2027.

9.2.5.1 US: Duty-free retail market

9.2.5.2 Canada: Duty-free retail market

9.2.5.3 Mexico: Duty-free retail market

9.3 Europe Duty-free retail market, Revenue and Forecast to 2027

9.3.1 Overview

9.3.2 Europe Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.3.3 Europe Duty-free retail market Breakdown, by Product Type

9.3.4 Europe Duty-free retail market Breakdown, by Application

9.3.5 Europe Duty-free retail market Breakdown, by Country

9.3.5.1 UK Duty-free retail market, Revenue and Forecast to 2027

9.3.5.2 Germany Duty-free retail market, Revenue and Forecast to 2027

9.3.5.3 Russia Duty-free retail market, Revenue and Forecast to 2027

9.3.5.4 France Duty-free retail market, Revenue and Forecast to 2027

9.3.5.5 Italy Duty-free retail market, Revenue and Forecast to 2027

9.3.5.6 Spain Duty-free retail market, Revenue and Forecast to 2027

9.4 APAC: Duty-free retail market, Revenue and Forecast to 2027

9.4.1 Overview

9.4.2 APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.3 APAC: Duty-free retail market Breakdown, by Product Type

9.4.4 APAC: Duty-free retail market Breakdown, by Application

9.4.5 APAC: Duty-free retail market Breakdown, by Country

9.4.5.1 China: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.2 Japan: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.3 South Korea: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.4 Australia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.5 India: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.6 Indonesia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.7 Singapore: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.8 Malaysia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.9 Thailand: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.10 Vietnam: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.11 Philippines: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.4.5.12 Rest of APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5 MEA: Duty-free retail market, Revenue and Forecast to 2027

9.5.1 Overview

9.5.2 MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.3 MEA: Duty-free retail market Breakdown, by Product Type

9.5.4 MEA: Duty-free retail market Breakdown, by Application

9.5.5 MEA: Duty-free retail market Breakdown, By Country, 2018 & 2027 (%)

9.5.5.1 South Africa: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.2 Saudi Arabia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.3 UAE: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.4 Turkey: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.5 Israel: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.6 Egypt: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.5.5.7 Rest of MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.6 SAM: Duty-free retail market, Revenue and Forecast to 2027

9.6.1 Overview

9.6.2 SAM: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

9.6.3 SAM: Duty-free retail market Breakdown, by Product Type

9.6.4 SAM: Duty-free retail market Breakdown, by Application

9.6.5 SAM: Duty-free retail market Breakdown, by Country

9.6.5.1 Brazil Duty-free retail market, Revenue and Forecast to 2027

9.6.5.2 Rest of SAM: Duty-free retail market, Revenue and Forecast to 2027

10. Duty Free Retailing Market - Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Development

11. Duty Free Retailing Market- Company Profiles

11.1 Aer Rianta International (ARI)

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 China Duty Free Group Co.,Ltd.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Dubai Duty Free

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Duty Free Americas

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Gebr. Heinemann

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 King Power International Group

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Lotte Duty Free

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Shinsegae Duty Free

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 The Shilla Duty Free

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 LVMH

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

11.11 LAGARDèRE TRAVEL RETAIL

11.11.1 Key Facts

11.11.2 Business Description

11.11.3 Products and Services

11.11.4 Financial Overview

11.11.5 SWOT Analysis

11.11.6 Key Developments

11.12 Hyundai Duty Free

11.12.1 Key Facts

11.12.2 Business Description

11.12.3 Products and Services

11.12.4 Financial Overview

11.12.5 SWOT Analysis

11.12.6 Key Developments

11.13 DUFRY AG

11.13.1 Key Facts

11.13.2 Business Description

11.13.3 Products and Services

11.13.4 Financial Overview

11.13.5 SWOT Analysis

11.13.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES

Table 1. Global Duty Free Retailing Market, Revenue and Forecast to 2027 (US$ Bn)

Table 2. Duty Free Retail Market, by Region – Revenue and Forecast to 2027 (USD Billion)

Table 3. Duty Free Retail Market, by Product Type – Revenue and Forecast to 2027 (USD Billion)

Table 4. Duty Free Retail Market, by Application – Revenue and Forecast to 2027 (USD Billion)

Table 5. North America: Duty Free Retail Market, by Product Type – Revenue and Forecast to 2027 (USD Billion)

Table 6. North America: Duty Free Retail Market, by Application – Revenue and Forecast to 2027 (USD Billion)

Table 7. North America: Duty Free Retail Market, by Country – Revenue and Forecast to 2027 (USD Billion)

Table 8. US: Duty Free Retail Market, by Product Type – Revenue and Forecast to 2027 (USD Billion)

Table 9. US: Duty Free Retail Market, by Application – Revenue and Forecast to 2027 (USD Billion)

Table 10. Canada: Duty Free Retail Market, by Product Type – Revenue and Forecast to 2027 (USD Billion)

Table 11. Canada: Duty Free Retail Market, by Application – Revenue and Forecast to 2027 (USD Billion)

Table 12. Mexico: Duty Free Retail Market, by Product Type – Revenue and Forecast to 2027 (USD Billion)

Table 13. Mexico: Duty Free Retail Market, by Application – Revenue and Forecast to 2027 (USD Billion)

Table 14. Europe: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 15. Europe: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 16. Europe: Duty Free Retail Market, by Country, 2018–2027 (US$ Bn)

Table 17. UK: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 18. UK: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 19. Germany: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 20. Germany: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 21. Russia: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 22. Russia: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 23. France: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 24. France: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 25. Italy: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 26. Italy: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 27. Spain: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 28. Spain: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 29. Rest of Europe Duty-free retail market, Revenue and Forecast to 2027

Table 30. Rest of Europe: Duty Free Retail Market, by Product Type, 2018–2027 (US$ Bn)

Table 31. Rest of Europe: Duty Free Retail Market, by Application, 2018–2027 (US$ Bn)

Table 32. APAC: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 33. APAC: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 34. APAC: Duty Free Retail Market, by Country, 2018–2027 (USD Billion)

Table 35. China: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 36. China: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 37. Japan: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 38. Japan: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 39. South Korea: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 40. South Korea: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 41. Australia: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 42. Australia: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 43. India: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 44. India: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 45. Indonesia: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 46. Indonesia: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 47. Singapore: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 48. Singapore: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 49. Malaysia: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 50. Malaysia: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 51. Thailand: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 52. Thailand: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 53. Vietnam: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 54. Vietnam: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 55. Philippines: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 56. Philippines: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 57. Rest of APAC: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 58. Rest of APAC: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 59. MEA: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 60. MEA: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 61. MEA: Duty Free Retail Market, by Country, 2018–2027 (USD Billion)

Table 62. South Africa: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 63. South Africa: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 64. Saudi Arabia: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 65. Saudi Arabia: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 66. UAE: duty-free retail market, by Product Type, 2018–2027 (USD Billion)

Table 67. UAE: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 68. Turkey: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 69. Turkey: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 70. Israel: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 71. Israel: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 72. Egypt: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 73. Egypt: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 74. Rest of MEA: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 75. Rest of MEA: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 76. SAM: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 77. South America: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 78. South America: Duty Free Retail Market, by Country, 2018–2027 (USD Billion)

Table 79. Brazil: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 80. Brazil: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 81. Rest of SAM: Duty Free Retail Market, by Product Type, 2018–2027 (USD Billion)

Table 82. Rest of SAM: Duty Free Retail Market, by Application, 2018–2027 (USD Billion)

Table 83. Glossary of Term: Duty Free Retailing Market

LIST OF FIGURES

Figure 1. Duty Free Retailing Market Segmentation

Figure 2. Duty Free Retailing Market Segmentation – By Geography

Figure 3. Cosmetic & personal care segment to dominate the market by product type throughout the forecast period

Figure 4. Airport segment is expected to witness high growth

Figure 5. Asia-Pacific segment is expected to witness high growth

Figure 6. Duty Free Retailing Market Overview

Figure 7. Asia-Pacific to witness fastest CAGR

Figure 8. Duty Free Retailing Market Ecosystem Analysis

Figure 9. North America – PEST Analysis

Figure 10. Europe – PEST Analysis

Figure 11. Asia-Pacific – PEST Analysis

Figure 12. Middle East & Africa – PEST Analysis

Figure 13. South America – PEST Analysis

Figure 14. Global Air Passenger Traffic (Bn Units)

Figure 15. Duty Free Retailing Market Impact Analysis of Driver and Restraints

Figure 16. Global Duty Free Retailing Market

Figure 17. Global Duty Free Retailing Market, Revenue and Forecast to 2027 (US$ Bn)

Figure 18. Duty-Free Retailing Market Revenue Share, by Product Type (2018 and 2027)

Figure 19. Cosmetics and Personal Care: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 20. Alcohol, Wine and Spirits: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 21. Tobacco and Cigarettes: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 22. Fashion and Accessories: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

Figure 23. Confectionery and Food Stuff: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

Figure 24. Others: Duty-Free Retailing Market, Revenue and Forecast to 2027 (US$ Billion)

Figure 25. Duty-Free Retailing Market Revenue Share, by Application (2018 and 2027)

Figure 26. Airports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 27. On-board Aircraft: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 28. Seaports: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 29. Train Stations: Duty-Free Retailing Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 30. Duty-free retail market Revenue Share, by Region, 2018 and 2027

Figure 31. North America: Duty Free Retail Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 32. North America: Duty-free retail market Revenue Share, by Product Type (2018 and 2027)

Figure 33. North America: Duty-free retail market Revenue Share, by Application (2018 and 2027)

Figure 34. North America: Duty-free retail market Revenue Share, by Country (2018 and 2027)

Figure 35. US: Duty Free Retail Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 36. Canada: Duty Free Retail Market – Revenue and Forecast, 2018–2027 (US$ Billion)

Figure 37. Mexico: Duty Free Retail Market – Revenue and Forecast 2027 (US$ Billion)

Figure 38. Europe Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 39. Europe Duty-free retail market Breakdown, by Product Type, 2018 and 2027 (%)

Figure 40. Europe Duty-free retail market Breakdown, by Application, 2018 and 2027 (%)

Figure 41. Europe Duty-free retail market Breakdown, by Country, 2018 and 2027(%)

Figure 42. UK Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 43. Germany Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 44. Russia Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 45. France Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 46. Italy Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 47. Spain Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 48. Rest of Europe Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 49. APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 50. APAC: Duty-free retail market Breakdown, by Product Type, 2018 and 2027 (%)

Figure 51. APAC: Duty-free retail market Breakdown, by Application, 2018 and 2027 (%)

Figure 52. APAC: Duty-free retail market Breakdown, by Country, 2018 and 2027 (%)

Figure 53. China: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 54. Japan: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 55. South Korea: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 56. Australia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 57. India: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 58. Indonesia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 59. Singapore: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 60. Malaysia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 61. Thailand: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 62. Vietnam: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 63. Philippines: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 64. Rest of APAC: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 65. MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 66. MEA: Duty-free retail market Breakdown, by Product Type, 2018 & 2027 (%)

Figure 67. MEA: Duty-free retail market Breakdown, by Application, 2018 & 2027 (%)

Figure 68. South Africa: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 69. Saudi Arabia: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 70. UAE: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 71. Turkey: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 72. Israel: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 73. Egypt: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 74. Rest of MEA: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 75. SAM: Duty-free retail market, Revenue and Forecast to 2027 (US$ Bn)

Figure 76. SAM: Duty-free retail market Breakdown, by Product Type, 2018 & 2027 (%)

Figure 77. SAM: Duty-free retail market Breakdown, by Application, 2018 & 2027 (%)

Figure 78. SAM: Duty-free retail market Breakdown, by Country, 2018 & 2027 (%)

Figure 79. Brazil Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

Figure 80. Rest of SAM: Duty-free retail market, Revenue and Forecast, 2018–2027 (US$ Bn)

The List of Companies - Global Duty Free Retailing Market

  1. Aer Rianta International (ARI)
  2. China Duty Free Group Co.,Ltd.
  3. Dubai Duty Free
  4. Duty Free Americas
  5. Gebr. Heinemann
  6. King Power International Group
  7. Lotte Duty Free
  8. Shinsegae Duty Free
  9. The Shilla Duty Free
  10. LVMH
  11. LAGARDèRE TRAVEL RETAIL
  12. Hyundai Duty Free
  13. DUFRY AG
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the duty free retailing market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to product type and application.
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Frequently Asked Questions

In the APAC region, presence of a considerable number of duty-free retail stores across the region, and high inbound and outbound travelers purchasing these products from hotels, airports, and borders. Additionally, increasing disposable income and growing middle-class population are also fueling the sales of duty-free products in APAC. Other factors contributing to the market growth include growing number of new air routes, introduction of LCC carriers, and rise in the consumption and purchasing power in China and India. Further, the introduction of cheap destination travel packages by companies such as Cleartrip, MakeMyTrip, and GoIbibo is anticipated to drive the growth of the global duty-free and travel retail market.

The cosmetics and personal care products segment of the duty-free retailing market has substantially gained prominence in recent years. The primary driver for the beauty product segment is increasing leisure travel. Intending to allow passengers to purchase cosmetics and personal care products from international brands at a discounted price, the airlines are increasingly offering passengers to surf and buy these products during ticket booking. Also, passengers can purchase a variety of cosmetics and personal care products on-board, which is another ancillary revenue generation stream.

The notable trend is being witnessed among customers moving from a traditional desktop system to mobile, voice, and Chabot’s. The retail sector is witnessing a rise in mobile e-commerce, due to which there is rapid adoption of simple and enhanced processes which makes product selection, booking, and payment instantaneous. With the advancement in technology, voice assistants are getting better at understanding the human voice. Besides voice, digital travel assistance such as Chabot’s are significantly enhancing customer’s experience. Introduction of AI in technologies are anticipating traveler’s needs in real-time. With the implementation of advanced technologies and application based shopping, the duty-free retailing is expected to witness significant demand during the forecast period.

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