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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.


Report ID : IR1001232 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 225

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  • 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
    15.1 Competition Dashboard
    15.2 Market share Analysis of Top Vendors
    15.3 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