Executive Summary
The Global Duty Free & Travel Retail Market was valued at USD 29.89 Billion in the year 2020. The growing demand for retail chains that offer luxury and premium brands of various products is augmenting the growth of the duty-free and travel retail market. The distribution channels offer value to passengers, enhance their experiences while travelling, and add value to economic activities, hence, paving way for the growth in the market during the forecast period 2021-2026.
Based on Product, the market is segmented into Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods and Others. The Fragrances and Cosmetics segment is expected to grow at a higher CAGR during the forecast period. The growth of fragrances and perfumes in the travel retail market is primarily influenced by unpredictable and continuously changing fashion trends. Thus, the key market players are focusing on developing exciting, unique, and new fragrances to attract different consumer groups across the world.
APAC is expected to hold the largest market share in the Global Duty Free & Travel Retail market in 2026. APAC is also expected to be the fastest growing region as well owing to the rising consumer base in the countries including India, China, and South Korea. Furthermore, there is an increasing travel expenditure by the consumers of the regions owing to the increase in the per capita income which is poised to propel the market growth of the Duty Free and Travel Retail market forecast period 2021-2026.
The growing demand from retail chains that offer luxury and premium brands of various products is augmenting the growth of the duty-free and travel retail market. Several companies are partnering with duty-free stores to launch their limited or exclusive products, which is driving the market growth.
Scope of the Report
• The report presents the analysis of Duty Free & Travel Retail market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the Duty Free & Travel Retail Market by Value (USD Million).
• The report analyses the Duty Free & Travel Retail Market by Location (Airlines, Airport Shops, Ferries, Other Shops).
• The report analyses the Duty Free & Travel Retail Market by Product (Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods, Others).
• The Global Duty Free & Travel Retail Market has been analysed by countries (United States, Canada, United Kingdom, Italy, France, Germany, China, Japan, India, Australia).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Dufry, WH Smith, B&M, Kingfisher, Dublin Airport Authority, Japan Airport Terminal Co., Tallink Group, Duty Free Americas, Gebr. Heinemann SE & CO.KG, Qatar Duty Free.
Key Target Audience
• Duty Free & Travel Retail Industry Vendors
• Major Airports
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Duty Free and Travel Retail Market: Product Overview
4. Global Duty Free and Travel Retail Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Global Duty Free and Travel Retail Market
4.3 Global Duty Free and Travel Retail Market: Growth & Forecast
5. Global Duty Free and Travel Retail Market: Segment Analysis
5.1 Global Duty Free and Travel Retail Market by Location
5.2 Competitive Scenario of Global Duty Free and Travel Retail Market- By Location
5.3 By Airlines, By Value (USD Million), 2016-2026
5.4 By Airport Shops, By Value (USD Million), 2016-2026
5.5 By Ferries, By Value (USD Million), 2016-2026
5.6 By Other Shops, By Value (USD Million), 2016-2026
6. Global Duty Free and Travel Retail Market: Analysis By Product
6.1 Global Duty Free and Travel Retail Market by Product
6.2 Competitive Scenario of Global Duty Free and Travel Retail Market- By Product
6.3 By Wines & Spirits, By Value (USD Million), 2016-2026
6.4 By Fashion & Accessories, By Value (USD Million), 2016-2026
6.5 By Fragrances & Cosmetics, By Value (USD Million), 2016-2026
6.6 By Tobacco Goods, By Value (USD Million), 2016-2026
6.7 By Others, By Value (USD Million), 2016-2026
7. North America Duty Free and Travel Retail Market: An Analysis (2016-2026)
7.1 North America Duty Free and Travel Retail Market by value: Size and Forecast (2016-2026)
7.2 North America Duty Free and Travel Retail Market: Prominent Companies
7.3 Market Segmentation by Location (Airlines, Airport Shops, Ferries, Other Shops)
7.4 Market Segmentation By Product (Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods, Others)
7.5 North America Duty Free and Travel Retail Market: Country Analysis
7.6 Market Opportunity Chart of North America Duty Free and Travel Retail Market - By Country, By Value (Year-2026)
7.7 Competitive Scenario of North America Duty Free and Travel Retail Market- By Country
7.8 United States Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
7.9 United States Duty Free and Travel Retail Market by Location, by Product
7.10 Canada Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
7.11 Canada Duty Free and Travel Retail Market Segmentation by Location, by Product
8. Europe Duty Free and Travel Retail Market: An Analysis (2016-2026)
8.1 Europe Duty Free and Travel Retail Market by value: Size and Forecast (2016-2026)
8.2 Europe Duty Free and Travel Retail: Prominent Companies
8.3 Market Segmentation by Location (Airlines, Airport Shops, Ferries, Other Shops)
8.4 Market Segmentation by Product (Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods, Others)
8.5 Europe Duty Free and Travel Retail Market: Country Analysis
8.6 Market Opportunity Chart of Europe Duty Free and Travel Retail Market - By Country, By Value (Year-2026)
8.7 Competitive Scenario of Europe Duty Free and Travel Retail Market- By Country
8.8 United Kingdom Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
8.9 United Kingdom Duty Free and Travel Retail Market by Location, by Product
8.10 Germany Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
8.11 Germany Duty Free and Travel Retail Market by Product Type, Application, Distribution Channel
8.12 Italy Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
8.13 Italy Duty Free and Travel Retail Market by Location, by Product
8.14 France Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
8.15 France Duty Free and Travel Retail Market Segmentation by Location, by Product
9. Asia Pacific Duty Free and Travel Retail Market: An Analysis (2016-2026)
9.1 APAC Duty Free and Travel Retail Market by value: Size and Forecast (2016-2026)
9.2 APAC Duty Free and Travel Retail: Prominent Companies
9.3 Market Segmentation by Location (Airlines, Airport Shops, Ferries, Other Shops)
9.4 Market Segmentation by Product (Wines & Spirits, Fashion & Accessories, Fragrances & Cosmetics, Tobacco Goods, Others)
9.5 APAC Duty Free and Travel Retail Market: Country Analysis
9.6 Market Opportunity Chart of Asia Pacific Duty Free and Travel Retail Market - By Country, By Value (Year-2026)
9.7 Competitive Scenario of Asia Pacific Duty Free and Travel Retail Market- By Country (2020 & 2026)
9.8 China Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
9.9 China Duty Free and Travel Retail Segmentation by Location, by Product
9.10 Japan Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
9.11 Japan Duty Free and Travel Retail Market Segmentation by Location, by Product
9.12 India Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
9.13 India Duty Free and Travel Retail Market Segmentation by Product Type, Application, Distribution Channel
9.14 Australia Duty Free and Travel Retail Market: Size and Forecast (2016-2026)
9.15 Australia Duty Free and Travel Retail Market Segmentation by Product Type, Application, Distribution Channel
10. Global Duty Free and Travel Retail Market Dynamics
10.1 Global Duty Free and Travel Retail Market Drivers
10.2 Global Duty Free and Travel Retail Market Restraints
10.3 Global Duty Free and Travel Retail Market Trends
11. Market Attractiveness and Strategic Analysis
11.1 Market Attractiveness Chart of Global Duty Free and Travel Retail - By Location (Year 2026)
11.2 Market Attractiveness Chart of Global Duty Free and Travel Retail - By Product (Year 2026)
11.3 Market Attractiveness Chart of Global Duty Free and Travel Retail - By Region (Year 2026)
12. Competitive Landscape
12.1 Market Share of global leading companies
12.2 SWOT Analysis- Global Duty Free and Travel Retail Market
12.3 Porter Five Forces Analysis-Global Duty Free and Travel Retail Market
13. Company Profiles (Business Description, Financial Analysis, Business Strategy)
13.1 Dufry
13.2 WH Smith
13.3 B&M
13.4 Kingfisher
13.5 Dublin Airport Authority
13.6 Japan Airport Terminal Co
13.7 Tallink Group
13.8 Duty Free Americas
13.9 Gebr. Heinemann SE & CO.KG
13.10 Qatar Duty Free
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