Asia-Pacific Airport Retail Market Trends and Analysis by Region, Sales, Innovations, Tourism and Competitive Landscape and Forecast to 2027

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Published: September 13, 2023 Report Code: GDRT230002GS-ST

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APAC Airport Retailing Market Report Overview

The Asia-Pacific (APAC) airport retailing market size was valued at $12.5 billion in 2022. The market is expected to grow at a CAGR of more than 16% during 2022-2027. The region will remain the largest market for airport retailers by 2027. The region’s growth will be supported by the rising population of young and affluent consumers, thereby driving sales for airport retailers.

Luxury players have recognized the importance of airport retailing in the region and are therefore venturing into the space in collaboration with duty-free retailers. For instance, Chanel opened its first summer outpost in the region at Changi International in collaboration with The Shilla Duty-Free Singapore.

Asia-Pacific Airport Retailing Market Size 2022-2027 ($ Billion)

Asia-Pacific Airport Retailing Market Size 2022-2027 ($ Billion)

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The Asia-Pacific Airport Retail Market report provides an overview of Asia-Pacific Airport retailing. This includes market & category expenditure and forecasts, trends, and competitive landscape. Airport retailing is the largest market in the broader international travel retail market. It includes all retail operations in airports (in departures and arrivals, airside and landside). The market does not include food and beverage revenues from airport bars and restaurants, nor does it include revenues from other services such as foreign exchange bureaus. It also excludes the growing market for leisure services at airports (such as beauty treatments and hairdressing), and hotel revenues. As well as analyzing the airport travel retail market as a whole, this module explores the dynamics of two specific sub-sectors: airside and landside.

Market Size (2022) $12.5 Billion
CAGR (2022-2027) >16%
Key Sectors •       Beauty

•       Alcohol

•       Confectionery & Fine Foods

•       Tobacco

•       Fashion & Accessories

•       Jewelry & Watches

•       Electricals

•       Other
Key Retail Operators •       China Duty Free

•       Lotte Duty Free

•       DFS

•       King Power International
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Asia-Pacific Airport Retailing Market Dynamics

One of the key factors driving the Asia-Pacific airport retailing market is innovation in airport retail offerings. Airport retailers are focusing on new store formats, and technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) to enhance shopping experiences and stay competitive. As a result, there has been a rise in pop-up stores offering immersive shopping experiences. For instance, Kilian Paris, part of The Estée Lauder Companies, opened its concept Kilian Bar at Singapore’s Changi Airport in June 2023, to celebrate the launch of the luxury fragrance brand in the airport. In addition, retailers in airports are expanding their portfolio to include sustainable and healthier food options to appeal to changing customer demands and drive sales.

Asia-Pacific Airport Retailing Market Segmentation by Sectors

In 2022, the beauty sector dominated the Asia-Pacific airport retailing market.

The key sectors in the Asia-Pacific airport retailing market are beauty, alcohol, confectionery & fine foods, jewelery & watches, fashion & accessories, electricals, tobacco, and others. The beauty sector will maintain its top spot in airport retailing during the forecast period due to the increasing use of social media and its impact on beauty sales, especially among younger consumers.

Asia-Pacific Airport Retailing Market Analysis by Sector, 2022 (%)

Asia-Pacific Airport Retailing Market Analysis by Sector, 2022 (%)

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Asia-Pacific Airport Retailing Market – Key Trends

Interactive customer service robots is one of the key trends in the Asia-Pacific airport retailing market. New technologies and greater automation will play a key role in the development of airport retailing in the region over the next five years, building on recent developments. For instance, in June 2022, Kempegowda International Airport, Bengaluru, showcased its proactive adoption of robotic technology with 10 robots deployed at various locations to assist passengers with information about food, beverages, and other products available at the airport’s stores.

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Asia-Pacific Airport Retailing Market – Competitive Landscape

In 2022, China Duty Free emerged as the market leader strengthening its position in the market with several strategic moves.

The key companies in the Asia-Pacific airport retailing market are:

  • China Duty Free
  • Lotte Duty Free
  • DFS
  • King Power International

While China Duty-Free continues to dominate the region, travel restrictions in China until late 2022 likely hindered additional growth opportunities. To recover lost sales, the retailer is taking steps to expand its product portfolio and organize high-profile events to attract affluent customers in the region.

Asia-Pacific Airport Retailing Market Analysis by Companies, 2022 (%)

Asia-Pacific Airport Retailing Market Analysis by Companies, 2022 (%)

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Asia-Pacific Airport Retailing Market – Latest Developments

  • In December 2022, Bengaluru’s Kempegowda International Airport, operated by Bangalore International Airport Ltd (BIAL), launched the first phase of ‘BLR Metaport’ in Terminal 2, in collaboration with Amazon Web Services (AWS) and Polygon, offering travelers a virtual tour of the terminal.
  • This innovative platform employs a 3D interface to enable various interactions, including flight bookings, navigating airport terminals, shopping, and communication with travelers, aimed to deliver distinctive and immersive traveler experiences while also opening up new business opportunities for airport retailers, fostering the potential for growth.

Key Segments Covered in this Report

Asia-Pacific Airport Retail Sector Outlook (2020-2027)

  • Beauty
  • Alcohol
  • Confectionery & Fine Foods
  • Tobacco
  • Fashion & Accessories
  • Jewelery & Watches
  • Electricals
  • Others

Scope

This report provides an overview of the Asia-Pacific Airport Retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Key Highlights

  • Asia-Pacific is set to remain the largest global market for airport retailing.

  • Beauty, the leading category, continues to shine with new launches and campaigns.

  • China Duty Free led the way in total sales in 2022.

Reasons to Buy

  • Gain a comprehensive knowledge of the Asia-Pacific airport retail market and develop a competitive advantage

  • Investigate current trends in the Asia-Pacific airport retail market to identify the best opportunities to exploit

  • Analysis of key airport retail players operating across the Asia-Pacific region

  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the airport retail market in the Asia-Pacific region

  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior

  • Analysis of key international players operating in the Asia-Pacific Duty Fee retail market — including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share

China Duty Free Group
Lotte Duty Free
DFS
King Power International

Table of Contents

Executive Summary

Regional Analysis

Asia-Pacific Sales

Tourism Landscape

Key Trends

Key Retail Innovations

Competitive Landscape

New Opportunities

Appendix

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