Product Code: CMI2567
Duty free retail shops have helped airports to generate greater revenues all over the world and thereby reduced the landing fees the airports charge to airlines. In turn, it has helped airlines to keep lower ticket prices that has benefited travelers of the airlines. Revenue generated by the airport retail stores can also be utilized for infrastructure development as airports need continuous up-gradation. For instance, according to Airports Council International-North America, America's airports would require more than US$ 128 billion in infrastructure upgrades by 2023.
Market Dynamics
By product type, duty free wines & spirits segment is expected to gain major traction, and this is owing to increasing sales of wines & spirits in duty free stores as government bodies do not impose any tax on alcoholic products bought from duty free shops. Moreover, companies are launching new liquor products at duty free shops to attract more tourists. For instance, from April 2019, a Poland-made spirit, Pravda Vodka, has been made available at Aer Rianta International's 'The Loop Duty Free New Zealand', at Auckland Airport.
Among regions, Europe held a significant market share in 2022, owing to increasing number of travelers in the region. For instance, according to the Airports Council International, in 2018, Heathrow Airport (London), Charles de Gaulle Airport (Paris), Amsterdam Airport Schiphol (The Netherlands), and Frankfurt Airport (Germany) were ranked among the world's top 15 busiest airports by passenger traffic.
Key features of the study:
- This report provides in-depth analysis of duty free retailing market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global Duty Free Retailing market based on the following parameters-company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include, Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
- The global duty free retailing market report caters to various stakeholders in this industry including investors, suppliers, duty free retailing market players, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the duty free retailing market
Detailed Segmentation:
- Global Duty Free Retailing Market, By Product Type:
- Fragrances & Cosmetics
- Wines & Spirits
- Fashion & Accessories
- Tobacco
- Watches & Jewelry
- Confectionary & Fine Foods
- Electronics, Gifts, & Others
- Global Duty Free Retailing Market, By Sales Channels:
- Airport Shops
- Ferries
- Airlines
- Others
- Global Duty Free Retailing Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East
- Africa
- Northern Africa
- Southern Africa
- Rest of Africa
- Company Profiles
- Dufry AG *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- LOTTE Duty Free Company
- DFS Group Limited
- Heinemann SE & Co. KG
- The Shilla Duty Free
- The King Power International Group
- James Richardson Corporation Pty Ltd.
- Duty Free Americas, Inc.
- Flemingo International Ltd.
- Dubai Duty Free
- China Duty Free Group Co., Ltd
"*" marked represents similar segmentation in other categories in the respective section.
Table of Contents
1. Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
4. Global Duty Free Retailing Market, By Product Type, 2017- 2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Fragrances & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Wines & Spirits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Fashion & Accessories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Tobacco
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Watches & Jewelry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Confectionary & Fine Foods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Electronics, Gifts & Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
5. Global Duty Free Retailing Market, By Sales Channel, 2017- 2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Airport Shops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Ferries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Airlines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
- Other Shops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Billion)
6. Global Duty Free Retailing Market, By Region, 2017- 2030 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- South America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Rest of South America
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Middle East
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- GCC
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Africa
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Northern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Southern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
- Rest of Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Billion)
- Market Size and Forecast, By Sales Channel, 2017- 2030 (US$ Billion)
7. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- LOTTE Duty Free Company
- DFS Group Limited
- Heinemann SE & Co. KG
- The King Power International Group
- The Shilla Duty Free
- James Richardson Corporation Pty Ltd.
- Duty Free Americas, Inc.
- Flemingo International Ltd.
- Dubai Duty Free
- China Duty Free Group Co., Ltd
8. Section
- References
- Research Methodology
- About us and Sales Contact
- Browse 24 market data tables* and 12 figures* on "Duty Free Retailing Market" - Global forecast to 2030.