Duty-Free Retail Market Size Expected to Grow by USD 6.04 Billion | The growth of online duty free shops will become a key market trend

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Key Market Dynamics:

  • Market trend: the develop online duty free shops is a trend in the duty-free retail market that is expected to have a positive impact in the years to come. Leading vendors in the global duty free retail market such as Dufry AG, Delhi Duty Free and Dubai Duty Free have launched their online sites to provide a hassle-free shopping experience to their customers. These online stores offer several promotions such as discounts to attract more customers. Online stores also offer additional services.
  • Market Challenge: The strict government regulations on duty-free tobacco products will be a major challenge for the duty-free retail market during the forecast period. Severe restrictions on sales and quotas of duty free tobacco products such as cigarettes will pose a challenge for the growth of the global duty free retail market during the forecast period.

To know more about the other key factors influencing the market, Take a look at this sample report
here!

Key Highlights of Revenue Generating Market Segment:

The Duty Free Retail Market report is segmented by Product (Fashion Apparel & Accessories, Cosmetics & Perfumes, Tobacco & Alcoholic Beverages, and Confectionery & Delicatessen), distribution channel (Airports & Others) and Geography ( ACPA, Europe, North America, Middle East and Africaand South America).

  • The fashion apparel and accessories segment held the largest duty-free retail market share in 2021. The segment will continue to generate the largest revenues throughout the forecast period. In terms of distribution channels, airports will become the most revenue-generating segment for the duty-free retail market during the forecast period.
  • APAC will be the top region with 44% of the market growth during the forecast period. China and Japan are the major duty-free retail markets in Asia-Pacific. Market growth in this region will be faster than market growth in European, MEA and South American regions. The growth of the travel and tourism sector and the increasing number of new international routes will facilitate the growth of the duty free retail market in the APAC region over the forecast period.

View sample report for additional information on the contribution of all segments and
regional opportunities

Some companies mentioned with their offers

    • Air Rianta International
    • Changi Airport Group Singapore Pte. ltd.
    • China Duty Free Group Co.Ltd.
    • Delhi Duty Free Services Pvt. ltd.
    • DFS Group Ltd.
    • Dubai Duty Free
    • Dufry S.A.
    • Duty Free Americas Inc.
    • Flamingo International
    • Gebr. Heinemann SE and Co. KG
    • Hyundai Department Store Group Co.Ltd.
    • Japan Airport Terminal Co.Ltd.
    • King Power Group
    • Lagardère SA
    • Lotte Corp.
    • duty free bombay
    • Samsung Electronics Co.Ltd.
    • SHINSEGAE INTERNATIONAL
  • To access more supplier profiles with their key offerings available with
    Technavio, Click here

Related reports:

U.S. Online Fashion Retail Market by Product and End User – Forecast and Analysis
2022-2026

DIY Retail Market by Product and Geography – Forecast
and analysis 2021-2025

Duty Free Retail Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 8.56%

Market Growth 2022-2026

$6.04 billion

Market structure

Fragmented

Annual growth (%)

8.29

Regional analysis

APAC, Europe, North America, Middle East and Africa and South America

Successful market contribution

APAC at 44%

Main consumer countries

United States, China, Japan, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Aer Rianta International, Changi Airport Group Singapore Pte. Ltd., China Duty Free Group Co. Ltd., Delhi Duty Free Services Pvt. Ltd., DFS Group Ltd., Dubai Duty Free, Dufry AG, Duty Free Americas Inc., Flemingo International, Gebr. Heinemann SE and Co. KG, Hyundai Department Store Group Co. Ltd., Japan Airport Terminal Co. Ltd., King Power Group, Lagardere SA, Lotte Corp., Mumbai Duty Free, Samsung Electronics Co. Ltd. and SHINSEGAE INTERNATIONAL

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Fashion apparel and accessories – Market size and forecast 2020-2025
  • Cosmetics and Perfumes – Market size and forecast 2020-2025
  • Tobacco and Alcoholic Beverages – Market size and forecast 2020-2025
  • Confectionery and Delicatessen – Market size and forecast 2020-2025
  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments
  • Comparison by distribution channel
  • Airports – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by distribution channel

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • DFS Group Ltd.
  • Dubai Duty Free
  • Dufry S.A.
  • Gebr. Heinemann SE and Co. KG
  • SHILLA HOTEL Co.Ltd.
  • James Richardson Group
  • King Power International Co. Ltd.
  • Lagardère SCA
  • Lotte Shopping co. ltd.
  • LVMH Moet Hennessy – Louis Vuitton

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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