Travel Retail Market is Expected to Reach the Valuation of USD 154.50 billion by 2029, Size, Share, Growth, Trends, Demand and Opportunity Analysis
“Data Bridge Market Research presents this information in their report titled Global Travel Retail Market. Travel Retail Market report consists of an important data that provides future forecast and detailed analysis on a global and regional level. This report gives details and comprehensive data of market definition, classifications, applications, engagements, market drivers and market restraints all of which are acquired from SWOT analysis. Analysis and discussion of major industry trends, market size, sales volume, and market share is also described in this market report. Choosing market research report is very essential for the business growth as it helps with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business.
Travel Retail Market research report is a great resource that makes available current as well as upcoming technical and financial details of the Travel Retail Market industry for a certain forecast period. This market report offers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2023-2030. In this report; a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The report is a meticulous analysis of existing scenario of the market, which covers several market dynamics. A wide ranging Travel Retail Market report endows with the plentiful insights and business solutions that will support to stay ahead of the competition.
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A retail channel known as “travel retail” caters to international travellers. It has a big income potential and a variety of marketing alternatives. The worldwide aviation, travel, and tourism industries depend on duty-free and travel retail to generate significant revenues. The number of travellers from outside has caused the travel retail sector to grow significantly in recent years.
Global travel retail market was valued at USD 53.82 billion in 2021 and is expected to reach USD 154.50 billion by 2029, registering a CAGR of 14.09% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
Duty-free sales, often known as travel retail, involve the commercialization of goods related to several product categories. This sales channel includes sales to clients who are travellers and sales of items that have not had taxes or excises imposed on their sale prices. Travel retail is a retailing outlet that sells goods to visitors from other countries. It has several marketing opportunities and is a significant source of cash.
Some of the major players operating in the travel retail market are
- KING POWER International. (Hong Kong)
- Aer Rianta International (Ireland)
- DFS Group Ltd. (Hong Kong)
- Dubai Duty Free. (UAE)
- China Duty Free Group Co.,Ltd. (China)
- Gebr. Heinemann SE & Co. KG (Germany)
- Duty Free Americas, Inc. (U.S.)
- HOTEL SHILLA CO., LTD. (South Korea)
- Flemingo. (India)
- J.R. GROUP (India)
- Qatar Duty Free (Qatar)
- 3Sixty Duty Free (U.S.)
- Dufry (Switzerland)
- Lagardere Group (France)
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The travel retail market is segmented on the basis of product, distribution channel, sector and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Perfume and Cosmetics
- Wine and Spirit
- Electronics
- Luxury Goods
- Food
- Confectionery and Catering
- Tobacco
- Others
Distribution Channel
- Airport
- Cruise Liner
- Railway Station
- Border
- Downtown
- Hotel Shop
Sector
- Duty-Free
- Duty Paid
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)
Table of Contents
- Executive Summary
- Overview of the Travel Retail Market research report
- Key findings and conclusions
- Introduction
- Travel Retail Market definition
- Scope of the study
- Research methodology
- Data sources
- Travel Retail Market Overview
- Travel Retail Market dynamics
- Travel Retail Market drivers
- Travel Retail Market restraints
- Travel Retail Market opportunities
- Industry trends
- Travel Retail Market Segmentation
- Segmentation by product/service type
- Segmentation by application
- Segmentation by region
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Travel Retail Market share analysis
- Key players and their profiles
- Competitive strategies
- Recent developments
- Travel Retail Market Forecast
- Travel Retail Market size and growth projections
- Revenue forecast
- Growth prospects
- Future trends
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