The global travel retail market size reached USD 65.0 Billion in 2024. Looking forward, the market is projected to reach USD 112.5 Billion by 2033, exhibiting a growth rate (CAGR) of 6.29% during 2025-2033. An increased demand among customers to acquire luxurious things while traveling is stimulating the market.
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.
2. What is the expected growth rate of the global travel retail market during 2025-2033?
3. What are the key factors driving the global travel retail market?
4. What has been the impact of COVID-19 on the global travel retail market growth?
5. What is the breakup of the global travel retail market based on the product type?
6. What is the breakup of the global travel retail market based on the sector?
7. What is the breakup of the global travel retail market based on distribution channel?
8. What are the key regions in the global travel retail market?
9. Who are the key players/companies in the global travel retail market?
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.Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with the market forecasts at the global, regional, and country levels for 2025-2033. The report categorizes 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
1. What was the size of the global travel retail market in 2024?2. What is the expected growth rate of the global travel retail market during 2025-2033?
3. What are the key factors driving the global travel retail market?
4. What has been the impact of COVID-19 on the global travel retail market growth?
5. What is the breakup of the global travel retail market based on the product type?
6. What is the breakup of the global travel retail market based on the sector?
7. What is the breakup of the global travel retail market based on distribution channel?
8. What are the key regions in the global travel retail market?
9. Who are the key players/companies in the global travel retail market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Travel Retail Market
6 Market Breakup by Product Type
7 Market Breakup by Sector
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | May 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 65 Billion |
| Forecasted Market Value ( USD | $ 112.5 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
