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Asia Pacific Duty-Free Retailing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5441975
  • Report
  • September 2021
  • Region: Asia Pacific
  • 107 pages
  • IMARC Group

FEATURED COMPANIES

  • DFS Group Ltd. (LVMH)
  • Dufry AG
  • MORE
The Asia Pacific duty-free retailing market exhibited moderate growth during 2015-2020. Duty-free shops refer to the retail outlets where goods are exempted from national taxes and duties for providing a unique sales channel for international travelers and tourists. These outlets are majorly located at international airports, seaports, border shops, international train stations, and onboard aircraft. Duty-free retailing offers a broad range of products, including perfumes, cosmetics, alcohol, confectionaries, electronics, fashion accessories, etc.

In the Asia Pacific region, the expanding travel and tourism sector along with the rising number of new international routes is primarily driving the market for duty-free retailing. Moreover, the increasing levels of urbanization along with the emergence of low-cost carrier (LCC) airlines are also propelling the sales of duty-free goods in the region. The market is further driven by the emergence and growth of duty-free stores across international airports and seaports. Moreover, the wide presence of duty-free goods pertaining to country-specific culture and heritage has also attracted numerous international tourists. Additionally, the increasing popularity of duty-free retail stores offering various luxury and premium brands is also driving the market growth. Rising digitalization along with the increasing penetration of social media marketing strategies has enabled several retailers to promote their exclusive products to the international customers. The wide availability of duty-free goods on e-commerce platforms is also catalyzing the market growth in the Asia Pacific region. Besides this, the growing penetration of self-service stations, such as kiosks, and other interactive sales channels has enabled retailers to overcome linguistic barriers with their customers.

The outbreak of the COVID pandemic, in early 2020, however, has negatively impacted the market for duty-free retailing in the Asia Pacific region. The pandemic resulted in national lockdowns across the region resulting in restrictions in international travel, creating a negative impact on the industry. The Asia Pacific duty-free retailing market, however, is expected to recover from 2021 and to grow at a CAGR of 7.3% during (2021-2026).

Breakup by Product Type

  • Fragrances & Cosmetics
  • Alcohol & Spirits
  • Fashion & Accessories
  • Tobacco Goods
  • Watches & Jewellery
  • Confectionary & Fine Food
  • Electronics
  • Others

Breakup by Distribution Channel

  • Airports
  • Border Shops
  • Seaports
  • Onboard Aircraft
  • Railway Stations
  • Others

Breakup by Country

  • China (including Hong Kong)
  • South Korea
  • Japan
  • India
  • Singapore
  • Thailand
  • Australia
  • Indonesia
  • Taiwan
  • Others

Competitive Landscape


The competitive landscape of the industry has also been examined with some of the key players being China Duty Free (Group) Co. Ltd., DFS Group Ltd. (LVMH), Dufry AG, Ever Rich D.F.S. Corporation, Japan Airport Terminal Co. Ltd., King Power International Company Limited, Lagardère Travel Retail Pacific (Lagardère Group), Lotte Duty Free (Lotte Corporation), Shinsegae DF Inc. (Shinsegae Inc.), and The Shilla Duty Free Shop (Hotel Shilla Co., Ltd.).

Key Questions Answered in This Report

  • How has the Asia Pacific duty-free retailing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Asia Pacific duty-free retailing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Asia Pacific duty-free retailing market and who are the key players?
  • What is the degree of competition in the industry?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • DFS Group Ltd. (LVMH)
  • Dufry AG
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Asia Pacific Duty-Free Retailing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product Type
6.1 Fragrances & Cosmetics
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Alcohol & Spirits
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fashion & Accessories
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Tobacco Goods
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Watches & Jewellery
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Confectionary & Fine Food
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Electronics
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast

7 Market Breakup by Distribution Channel
7.1 Airports
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Border Shops
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Seaports
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Onboard Aircraft
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Railway Stations
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Country
8.1 China (including Hong Kong)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 South Korea
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Japan
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 India
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Singapore
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Thailand
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Australia
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Indonesia
8.8.1 Market Trends
8.8.2 Market Forecast
8.9 Taiwan
8.9.1 Market Trends
8.9.2 Market Forecast
8.10 Others
8.10.1 Market Trends
8.10.2 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 China Duty Free (Group) Co. Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 DFS Group Limited (LVMH)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Dufry AG
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Ever Rich D.F.S. Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Japan Airport Terminal Co. Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 King Power International Company Limited
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Lagardère Travel Retail Pacific (Lagardère Group)
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Lotte Duty Free (Lotte Corporation)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Shinsegae DF Inc. (Shinsegae Inc.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 The Shilla Duty Free Shop (Hotel Shilla Co. Ltd.)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio

List of Figures
Figure 1: Asia-Pacific: Duty-Free Retailing Market: Major Drivers and Challenges
Figure 2: Asia-Pacific: Duty-Free Retailing Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Asia-Pacific: Duty-Free Retailing Market: Breakup by Product Type (in %), 2020
Figure 5: Asia-Pacific: Duty-Free Retailing Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Asia-Pacific: Duty-Free Retailing Market: Breakup by Country (in %), 2020
Figure 7: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Asia-Pacific: Duty-Free Retailing (Fragrances & Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Asia-Pacific: Duty-Free Retailing (Alcohol & Spirits) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Asia-Pacific: Duty-Free Retailing (Fashion & Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Asia-Pacific: Duty-Free Retailing (Tobacco Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Asia-Pacific: Duty-Free Retailing (Watches & Jewellery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Asia-Pacific: Duty-Free Retailing (Confectionery & Fine Food) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Asia-Pacific: Duty-Free Retailing (Confectionery & Fine Food) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Asia-Pacific: Duty-Free Retailing (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Asia-Pacific: Duty-Free Retailing (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Asia-Pacific: Duty-Free Retailing (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Asia-Pacific: Duty-Free Retailing (Airports) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Asia-Pacific: Duty-Free Retailing (Airports) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Asia-Pacific: Duty-Free Retailing (Border Shops) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Asia-Pacific: Duty-Free Retailing (Border Shops) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Asia-Pacific: Duty-Free Retailing (Seaports) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Asia-Pacific: Duty-Free Retailing (Seaports) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Asia-Pacific: Duty-Free Retailing (Onboard Aircraft) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Asia-Pacific: Duty-Free Retailing (Railway Stations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Duty-Free Retailing (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China (including Hong Kong): Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China (including Hong Kong): Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: South Korea: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: South Korea: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Japan: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Japan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Singapore: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Singapore: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Thailand: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Thailand: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Taiwan: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Taiwan: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Duty-Free Retailing Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Duty-Free Retailing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Asia-Pacific: Duty-Free Retailing Industry: SWOT Analysis
Figure 56: Asia-Pacific: Duty-Free Retailing Industry: Value Chain Analysis
Figure 57: Asia-Pacific: Duty-Free Retailing Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Asia-Pacific: Duty-Free Retailing Market: Key Industry Highlights, 2020 and 2026
Table 2: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Asia-Pacific: Duty-Free Retailing Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: Asia-Pacific: Duty-Free Retailing Market: Competitive Structure
Table 6: Asia-Pacific: Duty-Free Retailing Market: Key Players
Note: Product cover images may vary from those shown
  • China Duty Free (Group) Co. Ltd.
  • DFS Group Ltd. (LVMH)
  • Dufry AG
  • Ever Rich D.F.S. Corporation
  • Japan Airport Terminal Co. Ltd.
  • King Power International Company Limited
  • Lagardère Travel Retail Pacific (Lagardère Group)
  • Lotte Duty Free (Lotte Corporation)
  • Shinsegae DF Inc. (Shinsegae Inc.)
  • The Shilla Duty Free Shop (Hotel Shilla Co. Ltd.)
Note: Product cover images may vary from those shown

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