Duty-Free Retail Market Trends and Analysis by Region, Sector, Tourism Landscape, Retail Innovations, Key Players and Forecast to 2026

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Access and explore the following trends, opportunities, and market analysis in ourDuty-Free Retailing Market’ report:

  • Analyze the global duty-free retailing market by region (Americas, APAC, Europe, and MEA) and country.
  • Identify the key drivers and trends impacting the market.
  • Detailed data on duty-free sales across major countries by sector (cosmetics and toiletries, drinks, jewelry and watches, food, tobacco, accessories, womenswear, communications equipment, menswear, printed media, and others).
  • Explores the tourism and competitive landscape and highlights the key innovations in the duty-free retail market.
  • In-depth analysis of key duty-free retailers such as Lotte Duty Free, Shinsegae DF, Dufry, DFS, Dubai Duty Free, and King Power.

How is the ‘Duty-Free Retailing Market’ report different from other reports in the market?

  • Gain a comprehensive knowledge of global duty-free market and develop a competitive advantage.
  • Investigate current trends in the global duty-free market to identify the best opportunities to exploit.
  • Analysis of key duty-free players operating globally.
  • 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 duty-free market globally.
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior.
  • Analysis of key international players operating in the global duty-free retail market – including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share.

We recommend this valuable source of information to anyone involved in:

  • Startups/Suppliers/White-label manufacturers
  • Cosmetics and Toiletries Companies
  • Luxury Store Suppliers/Retailers
  • Strategy/Innovation and Business Development
  • Market Intelligence and Portfolio Managers
  • Government Agencies/Health Associations

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Duty Free Retailing Market Overview

The duty-free retailing market size was $49.0 billion in 2022. The market is projected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. However, growth will be held in check in the years ahead by the permanent erosion of disposable income from the heightened cost of living impacting demand for air travel.

Duty-Free Retailing Market Overview (2022-2026)

Duty-Free Retailing Market Overview (2022-2026)

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Global duty-free retailing market report provides an overview of the global duty-free retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Market size (Year – 2022) $49.0 billion
CAGR (2020-2026)  >28%
Historical Period 2016-2022
Forecast Period 2023-2026
Key sectors ·       Cosmetics and Toiletries

·       Drinks

·       Jewelry and Watches

·       Food

·       Tobacco

·       Accessories

·       Womenswear

·       Communications Equipment

·       Menswear

·       Printed Media

·       Others

Key Regions ·       Asia-Pacific

·       Americas

·       Europe

·       MEA

Key Retailers ·       Lotte Duty Free

·       Shinsegae DF

·       DUFRY

·       DFS

·       Dubai Duty Free

·       King Power

·       Duty Free Americas

·       Heinemann

·       James Richardson

·       Travel Retail Norway

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Duty-Free Retailing Market Drivers

Luxury goods, digital advances, and personalization are some of the key drivers of the duty-free retail market. Digital innovation in bricks & mortar stores and omnichannel capabilities in airports are being introduced to enhance customers’ shopping experiences, reduce crowding, and strengthen communication with customers.

Additionally, tapping into the growth for luxury goods will be a key sales driver for duty-free retailers over the forecast period. A major part of this expansion will come from duty-free retail as shoppers respond positively to the growing presence of luxury brands in international airports.

Duty-Free Retailing Market Trends

Changing consumer tastes and preferences are influencing duty-free retailers to change their offerings. Low- and no-alcohol categories will gain momentum in duty-free liquor sales, especially after the pandemic, as consumers around the world are more health-conscious. Players in the travel industry, such as hotels, restaurants, and tour operators, are embracing this trend by offering more alcohol-free beverages. In line with this trend, low- and no-alcohol categories will make up a higher proportion of offerings in duty-free liquor stores in the coming years.

Furthermore, duty-free retail brands are focusing on bringing more sustainability into their ecosystems. Automated retail concepts, contactless payment options, and click-and-collect shopping options are being developed by a number of duty-free retailers in a drive to provide a safe and speedy shopping experience to customers.

Duty-Free Retailing Market Segmentation by Sectors

The key sectors in the duty-free retailing market are cosmetics and toiletries, drinks, jewelry and watches, food, tobacco, accessories, womenswear, communications equipment, menswear, printed media, and others. Cosmetics and toiletries had the highest share 2021, followed by drinks, and jewelry & watches.

Duty-Free Retailing Market Analysis by Sectors, 2021 (%)

Duty-Free Retailing Market Analysis by Sectors, 2021 (%)

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Duty-Free Retailing Market Segmentation by Regions

Americas, APAC, Europe, MEA, and others are the key regions in the duty-free retailing market. Among them APAC had the highest share in 2022, followed by Europe.

Asia Pacific: APAC market is expected to grow as key players extend their operations in the region. An increase in the number of will underpin this growth. Improving performances of economies such as India after the pandemic, resuming business travel in the region, and continued investment in airport infrastructure will support a rise in passenger numbers and duty-free channel growth. In the APAC region, there has been a big increase in the sale of cosmetics and perfumes.

Duty-Free Retailing Market Analysis by Regions, 2021 (%)

Duty-Free Retailing Market, by Regions

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Duty-Free Retailing Market Segmentation by Retailers

The key retailers in the duty-free retailing market are Lotte Duty Free, Shinsegae DF, DUFRY, DFS, Dubai Duty Free, King Power, Duty Free Americas, Heinemann, James Richardson, and Travel Retail Norway. Lotte Duty Free had the largest market share in 2020.

Duty-Free Retailing Market Analysis by Retailers, 2021 (%)

Duty-Free Retailing Market, By Retailers

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Segments Covered in the Report

Duty-Free Retailing Market Outlook by Region (Value, $ Billion, 2016-2026)

  • APAC
  • Europe
  • MEA
  • Americas

Duty-Free Retailing Market Outlook by Sectors (Value, $ Billion, 2016-2026)

  • Cosmetics and Toiletries
  • Drinks
  • Jewelry and Watches
  • Food
  • Tobacco
  • Accessories
  • Womenswear
  • Communications Equipment
  • Menswear
  • Printed Media

Key Players

Lotte Duty Free
Shinsegae DF
DUFRY
DFS
Dubai Duty Free
King Power
Duty Free Americas
Heinemann
James Richardson
Travel Retail Norway

Table of Contents

Executive Summary

Market Analysis

Regional Summaries

Sector Analysis

Tourism Landscape

Key Trends

Key Retail Innovations

Competitive Landscape

New Opportunities

Appendix

Frequently asked questions

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