Travel Retail Market Values

The Travel Retail Market, encompassing sales of goods in airports, train stations, and other travel hubs, was valued at approximately USD 80.5 billion in 2023. This market is projected to experience notable growth, with an expected compound annual growth rate (CAGR) of 7.8% through the forecast period. By 2030, the market is anticipated to reach around USD 125.7 billion. The growth is driven by the recovery in global travel and tourism, increasing passenger numbers, and the rising popularity of duty-free shopping. Additionally, the expanding range of products offered and enhancements in travel retail experiences contribute to this upward trend. As travel resumes its pre-pandemic levels and consumer spending in travel retail environments rises, the market is set to grow substantially, reflecting its key role in the broader retail and travel industries.

Travel Retail Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated " Travel Retail Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Travel Retail market and its component manufacturers over the next decade.

Sample Request For  Travel Retail Market: https://www.maximizemarketresearch.com/request-sample/30072/ 

Travel Retail Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Travel Retail market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Travel Retail market are examined in the report.

Travel Retail  Market Segmentation

by Product

Fashion and accessories
Perfume and cosmetics
Electronics
Food
Confectionery products
Bakery products
Catering
Luxury goods
Watches
Jewelry
Wine & spirits
Tobacco
Others

In terms of product segmentation, The biggest revenue share in 2023 was held by the perfume and cosmetics section due to the increasing sales of various personal care products across several retail locations. Worldwide airports are seeing the construction of new boutiques by L'Oreal and other cosmetics brands. It is anticipated that this component would further propel segment growth. In 2023, wine and spirits ranked as the second-largest industry, and growth in these sales is anticipated to be steady going forward. Since they are less expensive in duty-free stores, alcoholic spirits are among the items that are most frequently purchased there.
by Sector

Duty-Free
Duty Paid
by Sales Channel

Airport
Cruise Liner
Railway Station and Border
Downtown and Hotel Shop

According to the Sales Channel Segment, the airport industry dominated the market in 2023 and held the biggest market share. The expansion of this segment is expected to be aided by an increase in air travelers due to reduced expenses and better living standards. Additionally, the retail sector in this section has grown as a result of numerous airports' initiatives to boost profitability from non-aeronautical resources. Over the course of the projection period, the category with the fastest forecasted growth is expected to be border, downtown, and hotel retailers. These stores are a representation of the newest fashions. Compared to the airport area, retailers benefit from lower rents in border and downtown areas.

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Travel Retail Market Key Players

1. Dufry Group
2.Lotte Duty-Free
3. The Shilla Duty-Free
4. China Duty-Free Group
5. Lagardére Travel Retail
6. DFS Group
7. Gebr Heinemann
8. Shinsegae Duty-Free
9. King Power International Group (Thailand)
10. Ever Rich Duty-Free Shop
11. Dubai Duty-Free
12. Duty-Free Americas
13. Aer Rianta International
14. WHSmith
15. Japan Airport Terminal Co
16. Starboard Cruise Services
17. Flemingo International
18. 3Sixty Duty-Free
19. Hyundai Duty-Free
20. NAA Retailing
21. Qatar Duty-Free
22. Sky Connection
23. Tallink Group
24. King Power Group (Hong Kong)
25. JR/Duty-Free

Table of content for the  Travel Retail  Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Travel Retail Market Report

Part 03: Travel Retail Market Landscape

Part 04: Travel Retail Market Sizing

Part 05: Travel Retail Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Travel Retail market report comprises an extensive analysis of the Travel Retail industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Travel Retail Market Report are:

  • What is Travel Retail Market?
  • What is the forecast period of the Travel Retail Market?
  • What is the competitive scenario of the Travel Retail market?
  • Which region held the largest market share in the Travel Retail Market?
  • What are the opportunities for the Travel Retail Market?
  • What are the restraining factors in the Travel Retail market?
  • Who are the key players of the Travel Retail market?

Key offerings:

  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Travel Retail
  • Landscape- Leading key players and other prominent key players.

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