Middle East & Africa Duty-Free Retailing, 2018-2023

Middle East & Africa Duty-Free Retailing, 2018-2023

Summary

The Middle East & Africa (MEA) registered duty free sales of US$4.1 billion in 2019 and sales are forecast to grow at a CAGR of 4.0% over 2019-2023 to reach US$4.8 billion. UAE is the largest market in the MEA region, with sales of US$2.5 billion in 2019. The market is estimated to grow at a CAGR of 4.3% to US$2.9 billion by 2023, ensuring it retains its position as the largest duty free market in the region.

Middle East & Africa Duty-Free Retailing, 2018-2023 provides an overview of the duty free retailing in the region which includes key trends, key retail innovations, regional, country and sector analysis along with major duty free retailers in the region and competative land scape

Scope

• UAE will continue to dominate MEA duty free market in 2023
• Cosmetics & toiletries to remain the largest and fastest growing category in the region
• Saudi Arabia is the fastest growing duty free market in the region
• Demand for luxury products fuels duty free sales growth in the region

Reasons to Buy

• Gain a comprehensive knowledge on MEA Duty Free market and develop a competitive advantage
• Investigate current trends in the duty free market in the region to identify the best opportunities to exploit
• Analysis of key duty free players operating in the region
• Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the duty free market in the region
• Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
• Analysis of key international and domestic players operating in MEA Duty Fee retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share