Travel Retail Market Size, Share, Trends Analysis, Growth, Report 2023-2028

 Global Travel Retail Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Travel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global travel retail market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global travel retail market size reached US$ 56.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 88.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.

Travel retail, commonly referred to as duty-free shopping, constitutes a unique sector within the retail industry, serving customers in international transportation hubs like airports, cruise terminals, and border crossings. This niche market endeavors to fulfill the diverse requirements of travelers by providing an extensive array of products encompassing cosmetics, alcohol, tobacco, clothing, electronics, and high-end luxury items. Its primary objective is to offer a seamless and enjoyable shopping experience for individuals departing from or arriving at these transit points. With its commitment to elevating the overall travel journey through a well-curated product selection and attentive customer service, the global demand for travel retail continues to rise.

Global Travel Retail Market Trends and Drivers:


Currently, the burgeoning popularity of international travel stands out as a key driver propelling market expansion. In addition to this, the escalating integration of digital technologies within travel retail establishments, facilitating pre-ordering and seamless browsing of product catalogs, is contributing to a favorable market outlook. Correspondingly, the growing inclination towards premium and luxury goods, spurred by rising individual incomes, is fortifying market growth. Furthermore, the increasing adoption of travel retail venues, featuring innovative store layouts, interactive displays, and personalized customer services, presents a lucrative growth prospect for industry investors. Moreover, the upward trajectory in spending on duty-free products is bolstering market growth.

Global Travel Retail Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardère S.A, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moët Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.).

The report segmented the market on the basis of region, product type, sector and distribution channel.

Breakup by Product Type:

  • Perfume and Cosmetics
  • Wine and Spirit
  • Electronics
  • Luxury Goods
  • Food, Confectionery and Catering
  • Tobacco
  • Others

Breakup by Sector:

  • Duty-Free
  • Duty Paid

Breakup by Distribution Channel:

  • Airports
  • Cruise Liner
  • Railway Station
  • Border, Downtown and Hotel Shop

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

134 N 4th St. Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 

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