Press release
Travel Retail Market Size Worth $130 Billion By 2023
Duty Free & Travel Retail is a global industry selling goods to international travelers. Sales in duty free shops are exempt from the payment of certain local or national taxes and excise duties, normally with the requirement that the goods are only sold to travelers who will take them out of the country.
Travel Retail Market by Product Type Tobacco, Perfume & Cosmetics, Food, Confectionery, & Catering, Wine & Spirit, Luxury Goods, Electronics and Other Product Types and Channel Border, Downtown & Hotel Shop, Airport, Railway Station and Cruise Liner - Global Industry Analysis And Forecast To 2025
Industry Outlook
The Travel Retail is the industry that is selling products to the travelers travelling internationally. This market covers various duty free environments like the cruises, border shops, downtown locations, airports, & airlines. The market is growing due to rising number of products, brands & services. The retail product offered varies depending on the travels age group, sex & few other factors. Therefore, the Travel Retail Market is anticipated to expand and has tremendous scope during the forecast period. The global Travel Retail Market anticipated flourishing in the future by growing at a significantly higher CAGR.
Market Segmentation
Based on Type the market is segmented into Tobacco, Perfume & Cosmetics, Food, Confectionery, & Catering, Wine & Spirit, Luxury Goods, Electronics and Other Product Types. The Perfume & Cosmetics section is leading the market owing to rising sales of various retail channels, and other factors.
Based on Channel the market is segmented into Border, Downtown & Hotel Shop, Airport, Railway Station and Cruise Liner. The Airport section is leading the market owing to rising demand of the air passengers due to factors like enhanced standard of living, low fares of air and few other factors.
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Regional Insights
The Asia Pacific region is leading the global Travel Retail Market owing to factor like; rise in the middle class population, rising disposable income with the people, more growth in the travel & tourism industry in various developing economies in this region, etc.
Travel Retail Market, By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
The Naunace Group
DFS Group
Aer Rianta International
Dufry
China Duty Free Group
LS travel retail
Lotte Duty Free
Heinemann
King Power International Group
Gebr
The Shilla Duty Free
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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