Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
This report contains market size and forecasts of Duty-Free and Travel Retail in Global, including the following market information:
Global Duty-Free and Travel Retail Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Duty-Free and Travel Retail market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Personal Care Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Duty-Free and Travel Retail include Dufry, Lagardere Travel Retail Group, Lotte Duty Free, Gebr. Heinemann, The Shilla Duty Free, Flemingo International Ltd, James Richardson, Aer Rianta International and King Power International Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Duty-Free and Travel Retail companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Duty-Free and Travel Retail Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Duty-Free and Travel Retail Market Segment Percentages, by Type, 2021 (%)
Personal Care
Tobacco
Wines
Others
Global Duty-Free and Travel Retail Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Duty-Free and Travel Retail Market Segment Percentages, by Application, 2021 (%)
Airports
Stations
Ferries
Others
Global Duty-Free and Travel Retail Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Duty-Free and Travel Retail Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Duty-Free and Travel Retail revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Duty-Free and Travel Retail revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Dufry
Lagardere Travel Retail Group
Lotte Duty Free
Gebr. Heinemann
The Shilla Duty Free
Flemingo International Ltd
James Richardson
Aer Rianta International
King Power International Group
Dubai Duty Free
Duty Free Americas
China Duty Free Group