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Travel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615201
The global travel retail market reached a value of US$ 52.50 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 82.57 Billion by 2027, exhibiting a CAGR of 7.84% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.



Travel retail refers to the sale of goods and services to international travelers during transit. The trade is usually conducted in travel environments, such as airports or seaports, where the buyer must present proof of nationality or travel to access the commercial area. The retail shops accept payments inclusive of local and national taxes and excise duties. Travel retail is also available at hotels, border ships, international aircrafts, ferries, cruises and other marine vessels on international waters. Some of the products commonly available through travel retail include beauty and personal care products, perfumes, premium alcohols, tobacco, food and beverages, fashion accessories and electronics.

Travel Retail Market Trends:


Significant growth in the travel and tourism industry across the globe is among the key factors creating a positive outlook for the market. Travel retail and duty-free stores are one of the major sources of non-aeronautical revenue for airports as there is an increasing preference among consumers to purchase premium and luxurious products while travelling. In line with this, the rising inclination for premium wines and spirits among international travelers is also providing a thrust to the market growth. Moreover, the advent of e-commerce travel retailing solutions is also favoring the growth of the market. Retailers are widely offering their products through websites and smartphone applications, enabling the consumers to pre-order products and conveniently collect them on arrival. Additionally, various technological advancements, such as the launch of touch screen and interactive retail kiosks, are acting as other growth-inducing factors. These self-service kiosks can engage with the passengers and provide a seamless ordering and payment solution. Other factors, including the increasing expenditure capacities of the consumers, along with the implementation of favorable government policies to promote international tourism, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global travel retail market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.).

Key Questions Answered in This Report:

  • How has the global travel retail market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global travel retail 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 sector?
  • 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 global travel retail market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Travel Retail Market

What is the estimated value of the Global Travel Retail Market?

The Global Travel Retail Market was estimated to be valued at $52.5 Billion in 2021.

What is the growth rate of the Global Travel Retail Market?

The growth rate of the Global Travel Retail Market is 7.8%, with an estimated value of $82.6 Billion by 2027.

What is the forecasted size of the Global Travel Retail Market?

The Global Travel Retail Market is estimated to be worth $82.6 Billion by 2027.

Who are the key companies in the Global Travel Retail Market?

Key companies in the Global Travel Retail Market include 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) and The Shilla Duty Free (Hotel Shilla Co. Ltd.)..

Table of Contents

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 Global Travel Retail 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 Perfume and Cosmetics
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wine and Spirit
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electronics
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Luxury Goods
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Food, Confectionery and Catering
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Tobacco
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Sector
7.1 Duty-Free
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Duty Paid
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Airports
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cruise Liner
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Railway Station
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Border, Downtown and Hotel Shop
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aer Rianta International
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 China Duty Free Group Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Dufry AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Duty Free Americas Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Gebr. Heinemann SE & Co. KG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 KING POWER International
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Lagardère S.A
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Lotte Hotels & Resorts (Lotte Corporation)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 LVMH Moët Hennessy Louis Vuitton
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 The Shilla Duty Free (Hotel Shilla Co. Ltd.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Travel Retail Market: Major Drivers and Challenges
Figure 2: Global: Travel Retail Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Travel Retail Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Travel Retail Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Travel Retail Market: Breakup by Sector (in %), 2021
Figure 6: Global: Travel Retail Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Travel Retail Market: Breakup by Region (in %), 2021
Figure 8: Global: Travel Retail (Perfume and Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Travel Retail (Perfume and Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Travel Retail (Wine and Spirit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Travel Retail (Wine and Spirit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Travel Retail (Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Travel Retail (Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Travel Retail (Luxury Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Travel Retail (Luxury Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Travel Retail (Food, Confectionery and Catering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Travel Retail (Food, Confectionery and Catering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Travel Retail (Tobacco) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Travel Retail (Tobacco) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Travel Retail (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Travel Retail (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Travel Retail (Duty-Free) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Travel Retail (Duty-Free) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Travel Retail (Duty Paid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Travel Retail (Duty Paid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Travel Retail (Airports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Travel Retail (Airports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Travel Retail (Cruise Liner) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Travel Retail (Cruise Liner) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Travel Retail (Railway Station) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Travel Retail (Railway Station) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Travel Retail (Border, Downtown and Hotel Shop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Travel Retail (Border, Downtown and Hotel Shop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Travel Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Travel Retail Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Travel Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Travel Retail Industry: SWOT Analysis
Figure 84: Global: Travel Retail Industry: Value Chain Analysis
Figure 85: Global: Travel Retail Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Travel Retail Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Travel Retail Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Travel Retail Market Forecast: Breakup by Sector (in Million US$), 2022-2027
Table 4: Global: Travel Retail Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Travel Retail Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Travel Retail Market: Competitive Structure
Table 7: Global: Travel Retail Market: Key Players

Companies Mentioned

  • 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
  • The Shilla Duty Free (Hotel Shilla Co. Ltd.).

Methodology

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