Global Travel Retail Market, Size, Trends, By Product (Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery and Catering, Tobacco, and Others), By Sector (Duty-Free and Duty Paid), By Distribution Channel (Airport, Cruise Liner, Railway Station, Border, Downtown, and Hotel Shop),By End Users (Children (Less Than 18 Years Old), Youth (18-30 Years Old), Middle-Aged (18-59 Years Old), The Elder (Greater Than 60 Years Old)) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Travel Retail Market
With a CAGR of 9.81 % from 2023 to 2030, the Global Travel Retail Market is expected to grow from its estimated value of US$ 66.62 Bn in 2022 to US$ 167.62 Bn by 2030.
Duty-free purchases, also referred to as travel retail, entail the commercialization of products that fall under a number of different product categories. This sales channel covers sales to travelling customers and sales of goods when no taxes or excises have been applied to the sale prices. A retail establishment that caters to international tourists is known as travel retail. It is a sizable source of funding and offers many marketing options.
Market Drivers
Railway stations have expanded greatly over time. For instance, to accommodate visitors, the King's Cross station in London constructed a large pub restaurant with oak floors and vintage leather sofas. In addition, the station has a number of branded stores selling a variety of things, including clothing and accessories for both sexes, sportswear, music stores selling accessories, CDs, and vinyl, as well as audio equipment. These components help the travel-related retail industry at railway stations grow.
Living standards are increasing as a result of improving lifestyles, growing disposable incomes, and evolving business cultures. Because of the rise in the number of business entities in emerging nations, the culture of "carrying expensive & fancy things" has spread among consumers. Ownership of luxury goods is now seen by consumers as a symbol of social standing.
Additional significant market drivers include the growing urbanisation, industrialization, and quantity of international travellers. Additionally, rising per capita income and expanding government assistance for the promotion of travel and tourism are predicted to fuel industry expansion.
Market Restraints
Many retail items have logos on them. They are consequently high-end, pricey things. Companies can charge more for travel-related goods thanks to this characteristic, which reduces demand from lower-income traveller groups. In addition, consumers' ignorance of new product introductions and improvements creates a barrier to purchasing items, which restricts market growth.
Market Segmentation
The scope of the Global Travel Retail Market covers segmentation based on By Product, By Sector, By Distribution Channel, By End Users, and By Region.
By Product, the market is segmented into Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery and Catering, Tobacco, and Others. By Sector, the market is segmented into Duty-Free and Duty Paid. By Distribution Channel, the market is segmented into Airport, Cruise Liner, Railway Station, and Border, Downtown, and Hotel Shop. By End Users, the market is segmented into Children (Less Than 18 Years Old), Youth (18-30 Years Old), Middle-Aged (18-59 Years Old), The Elder (Greater Than 60 Years Old).
Regional Analysis
The Global Travel Retail Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The ageing infrastructure, as well as the expanding travel and tourism sector, particularly in China and India, are all contributing to Asia-Pacific's dominance in the global retail travel market. The improvement of living conditions along with rising per capita income is another factor boosting market expansion.
North America is predicted to have the highest CAGR during the projection period. The growing millennial population base is credited with driving the region's growth.
Key Players
KING POWER International., Aer Rianta International, DFS Group Ltd., Dubai Duty Free., China Duty Free Group Co.,Ltd., Gebr. Heinemann SE & Co. KG, Duty Free Americas, Inc., HOTEL SHILLA CO., LTD., Flemingo., J.R. GROUP.
Market Taxonomy
By Product
• Perfume and Cosmetics
• Wine and Spirit
• Electronics
• Luxury Goods
• Food
• Confectionery and Catering
• Tobacco
• Others
By Sector
• Duty-Free
• Duty Paid
By Distribution Channel
• Airport
• Cruise Liner
• Railway Station
• Border
• Downtown
• Hotel Shop
By End Users
• Children (Less Than 18 Years Old)
• Youth (18-30 Years Old)
• Middle-Aged (18-59 Years Old)
• The Elder (Greater Than 60 Years Old)
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Travel Retail Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Travel Retail Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Travel Retail Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Travel Retail Market Share Analysis, By Product
5.3 Global Travel Retail Market Size and Forecast, By Product
5.3.1 Perfume and Cosmetics
5.3.2 Wine and Spirit
5.3.3 Electronics
5.3.4 Luxury Goods
5.3.5 Food
5.3.6 Confectionery and Catering
5.3.7 Tobacco
5.3.8 Others
6 Global Travel Retail Market, By Sector
6.1 Y-o-Y Growth Comparison, By Sector
6.2 Global Travel Retail Market Share Analysis, By Sector
6.3 Global Travel Retail Market Size and Forecast, By Sector
6.3.1 Duty-Free
6.3.2 Duty Paid
7 Global Travel Retail Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Travel Retail Market Share Analysis, By Distribution Channel
7.3 Global Travel Retail Market Size and Forecast, By Distribution Channel
7.3.1 Airport
7.3.2 Cruise Liner
7.3.3 Railway Station
7.3.4 Border
7.3.5 Downtown
7.3.6 Hotel Shop
8 Global Travel Retail Market, By End Users
8.1 Y-o-Y Growth Comparison, By End Users
8.2 Global Travel Retail Market Share Analysis, By End Users
8.3 Global Travel Retail Market Size and Forecast, By End Users
8.3.1 Children (Less Than 18 Years Old)
8.3.2 Youth (18-30 Years Old)
8.3.3 Middle-Aged (18-59 Years Old)
8.3.4 The Elder (Greater Than 60 Years Old))
9 Global Travel Retail Market, By Region
9.1 Global Travel Retail Market Share Analysis, By Region
9.2 Global Travel Retail Market Share Analysis, By Region
9.3 Global Travel Retail Market Size and Forecast, By Region
10 North America Travel Retail Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Travel Retail Market Share Analysis, By Product
10.3 North America Travel Retail Market Share Analysis, By Sector
10.4 North America Travel Retail Market Share Analysis, By Distribution Channel
10.5 North America Travel Retail Market Share Analysis, By End Users
10.6 North America Travel Retail Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Product
10.6.1.2 Market Size and Forecast, By Sector
10.6.1.3 Market Size and Forecast, By Distribution Channel
10.6.1.4 Market Size and Forecast, By End Users
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Product
10.6.2.2 Market Size and Forecast, By Sector
10.6.2.3 Market Size and Forecast, By Distribution Channel
10.6.2.4 Market Size and Forecast, By End Users
10.6.3 Mexico
10.6.2.1 Market Size and Forecast, By Product
10.6.2.2 Market Size and Forecast, By Sector
10.6.2.3 Market Size and Forecast, By Distribution Channel
10.6.2.4 Market Size and Forecast, By End Users
11 Europe Travel Retail Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Travel Retail Market Share Analysis, By Product
11.3 Europe Travel Retail Market Share Analysis, By Sector
11.4 Europe Travel Retail Market Share Analysis, By Distribution Channel
11.5 Europe Travel Retail Market Share Analysis, By End Users
11.6 Europe Travel Retail Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Product
11.6.1.2 Market Size and Forecast, By Sector
11.6.1.3 Market Size and Forecast, By Distribution Channel
11.6.1.4 Market Size and Forecast, By End Users
11.6.2 France
11.6.1.1 Market Size and Forecast, By Product
11.6.1.2 Market Size and Forecast, By Sector
11.6.1.3 Market Size and Forecast, By Distribution Channel
11.6.1.4 Market Size and Forecast, By End Users
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Product
11.6.3.2 Market Size and Forecast, By Sector
11.6.3.3 Market Size and Forecast, By Distribution Channel
11.6.3.4 Market Size and Forecast, By End Users
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Product
11.6.4.2 Market Size and Forecast, By Sector
11.6.4.3 Market Size and Forecast, By Distribution Channel
11.6.4.4 Market Size and Forecast, By End Users
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Product
11.6.5.2 Market Size and Forecast, By Sector
11.6.5.3 Market Size and Forecast, By Distribution Channel
11.6.5.4 Market Size and Forecast, By End Users
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Product
11.6.6.2 Market Size and Forecast, By Sector
11.6.6.3 Market Size and Forecast, By Distribution Channel
11.6.6.4 Market Size and Forecast, By End Users
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Product
11.6.7.2 Market Size and Forecast, By Sector
11.6.7.3 Market Size and Forecast, By Distribution Channel
11.6.7.4 Market Size and Forecast, By End Users
12 Asia Pacific Travel Retail Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Travel Retail Market Share Analysis, By Product
12.3 Asia Pacific Travel Retail Market Share Analysis, By Sector
12.4 Asia Pacific Travel Retail Market Share Analysis, By Distribution Channel
12.5 Asia Pacific Travel Retail Market Share Analysis, By End Users
12.6 Asia Pacific Travel Retail Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Product
12.6.1.2 Market Size and Forecast, By Sector
12.6.1.3 Market Size and Forecast, By Distribution Channel
12.6.1.4 Market Size and Forecast, By End Users
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Product
12.6.2.2 Market Size and Forecast, By Sector
12.6.2.3 Market Size and Forecast, By Distribution Channel
12.6.2.4 Market Size and Forecast, By End Users
12.6.3 India
12.6.3.1 Market Size and Forecast, By Product
12.6.3.2 Market Size and Forecast, By Sector
12.6.3.3 Market Size and Forecast, By Distribution Channel
12.6.3.4 Market Size and Forecast, By End Users
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Product
12.6.4.2 Market Size and Forecast, By Sector
12.6.4.3 Market Size and Forecast, By Distribution Channel
12.6.4.4 Market Size and Forecast, By End Users
12.6.5 Australia
12.6.4.1 Market Size and Forecast, By Product
12.6.4.2 Market Size and Forecast, By Sector
12.6.4.3 Market Size and Forecast, By Distribution Channel
12.6.4.4 Market Size and Forecast, By End Users
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Product
12.6.6.2 Market Size and Forecast, By Sector
12.6.6.3 Market Size and Forecast, By Distribution Channel
12.6.6.4 Market Size and Forecast, By End Users
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Product
12.6.7.2 Market Size and Forecast, By Sector
12.6.7.3 Market Size and Forecast, By Distribution Channel
12.6.7.4 Market Size and Forecast, By End Users
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Product
12.6.8.2 Market Size and Forecast, By Sector
12.6.8.3 Market Size and Forecast, By Distribution Channel
12.6.8.4 Market Size and Forecast, By End Users
12.6.9. Rest of Asia
12.6.9.1 Market Size and Forecast, By Product
12.6.9.2 Market Size and Forecast, By Sector
12.6.9.3 Market Size and Forecast, By Distribution Channel
12.6.9.4 Market Size and Forecast, By End Users
13 Latin America Travel Retail Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Travel Retail Market Share Analysis, By Product
13.3 Latin America Travel Retail Market Share Analysis, By Sector
13.4 Latin America Travel Retail Market Share Analysis, By Distribution Channel
13.5 Latin America Travel Retail Market Share Analysis, By End Users
13.6 Latin America Travel Retail Market Size and Forecast, Country
13.6.1. Brazil
13.6.1.1 Market Size and Forecast, By Product
13.6.1.2 Market Size and Forecast, By Sector
13.6.1.3 Market Size and Forecast, By Distribution Channel
13.6.1.4 Market Size and Forecast, By End Users
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Product
13.6.2.2 Market Size and Forecast, By Sector
13.6.2.3 Market Size and Forecast, By Distribution Channel
13.6.2.4 Market Size and Forecast, By End Users
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Product
13.6.3.2 Market Size and Forecast, By Sector
13.6.3.3 Market Size and Forecast, By Distribution Channel
13.6.3.4 Market Size and Forecast, By End Users
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Product
13.6.4.2 Market Size and Forecast, By Sector
13.6.4.3 Market Size and Forecast, By Distribution Channel
13.6.4.4 Market Size and Forecast, By End Users
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Product
13.6.5.2 Market Size and Forecast, By Sector
13.6.5.3 Market Size and Forecast, By Distribution Channel
13.6.5.4 Market Size and Forecast, By End Users
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Product
13.6.6.2 Market Size and Forecast, By Sector
13.6.6.3 Market Size and Forecast, By Distribution Channel
13.6.6.4 Market Size and Forecast, By End Users
13.6.7. Rest of Latin America
13.6.7.1 Market Size and Forecast, By Product
13.6.7.2 Market Size and Forecast, By Sector
13.6.7.3 Market Size and Forecast, By Distribution Channel
13.6.7.4 Market Size and Forecast, By End Users
14 Middle East Travel Retail Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Travel Retail Market Share Analysis, By Product
14.3 Middle East Travel Retail Market Size and Forecast, By Sector
14.4 Middle East Travel Retail Market Size and Forecast, By Distribution Channel
14.5 Middle East Travel Retail Market Size and Forecast, By End Users
14.6 Middle East Travel Retail Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.1.1 Market Size and Forecast, By Product
14.6.1.2 Market Size and Forecast, By Sector
14.6.1.3 Market Size and Forecast, By Distribution Channel
14.6.1.4 Market Size and Forecast, By End Users
14.6.2. UAE
14.6.2.1 Market Size and Forecast, By Product
14.6.2.2 Market Size and Forecast, By Sector
14.6.2.3 Market Size and Forecast, By Distribution Channel
14.6.2.4 Market Size and Forecast, By End Users
14.6.3. Egypt
14.6.3.1 Market Size and Forecast, By Product
14.6.3.2 Market Size and Forecast, By Sector
14.6.3.3 Market Size and Forecast, By Distribution Channel
14.6.3.4 Market Size and Forecast, By End Users
14.6.4. Kuwait
14.6.4.1 Market Size and Forecast, By Product
14.6.4.2 Market Size and Forecast, By Sector
14.6.4.3 Market Size and Forecast, By Distribution Channel
14.6.4.4 Market Size and Forecast, By End Users
14.6.5. South Africa
14.6.5.1 Market Size and Forecast, By Product
14.6.5.2 Market Size and Forecast, By Sector
14.6.5.3 Market Size and Forecast, By Distribution Channel
14.6.5.4 Market Size and Forecast, By End Users
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Product
14.6.6.2 Market Size and Forecast, By Sector
14.6.6.3 Market Size and Forecast, By Distribution Channel
14.6.6.4 Market Size and Forecast, By End Users
15 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
16 Company Profiles
16.1 KING POWER International.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Aer Rianta International
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 DFS Group Ltd.
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Dubai Duty Free.
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 China Duty Free Group Co.,Ltd.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Gebr. Heinemann SE & Co. KG
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Duty Free Americas, Inc.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 HOTEL SHILLA CO., LTD.
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Flemingo.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 J.R. GROUP.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments Global Travel Retail Market
16.10.6 Key Strategies
