IMARC Group, a leading market research company, has recently releases report titled “Travel retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Travel retail market growth, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global travel retail market size reached US$ 56.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 88.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.

Travel retail encompasses taxable sales made in travel environments, necessitating proof of travel for access to commercial areas. It provides an enticing avenue for consumers to explore diverse brands and acquire new and exclusive products unavailable elsewhere. This sector represents significant growth and includes duty-free spaces in airports, airlines, cruises, urban centers, and border shops. The revenue generated contributes substantially to the aviation, travel, and tourism industries, supporting infrastructure and development. Additionally, it tailors promotions and product choices based on up-to-date transportation data.

Travel Retail Market Trends and Drivers:

Currently, the burgeoning appeal of travel retail, driven by the uptick in mass travel, stands as a key driver for market expansion. Furthermore, the increasing inclination of people to procure souvenirs from duty-free zones in airports during their journeys is creating a positive market outlook. Moreover, the global proliferation of airports, facilitating connectivity between diverse locations and promoting air travel, is fueling market growth. Additionally, the rising adoption of open-plan layouts at airports, enticing passengers to explore shops, peruse merchandise, and make purchases, is bolstering market growth.

Global Travel Retail Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardère S.A, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moët Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.).

The report has segmented the market on the basis of region, product type, sector and distribution channel.

Breakup by Product Type:

  • Perfume and Cosmetics
  • Wine and Spirit
  • Electronics
  • Luxury Goods
  • Food, Confectionery and Catering
  • Tobacco
  • Others

Breakup by Sector:

Duty-Free

Duty Paid

Breakup by Distribution Channel:

  • Airports
  • Cruise Liner
  • Railway Station
  • Border, Downtown and Hotel Shop

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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