Travel Retail Market expected to reach $153.7 billion by 2025, registering a CAGR of 9.6% By Top Key Players Regstaer Duty Free, Baltona Duty Free, Le Bridge Duty Free, Autogrill, Dubai Duty Free

The global Travel retail market size is expected to reach $153.7 billion by 2025, registering a CAGR of 9.6% during the forecast period. Rise in disposable income improves consumers’ lifestyle and shifts their preference toward apparels, luxury goods, premium fragrances, cosmetics, and other products. Moreover, developments in emerging economies such as Asia-Pacific and LAMEA is projected to supplement the growth of the global travel retail market. However, unorganized local market and stringent government regulations in airport retailing hamper the market growth.

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The global travel retail market is segmented based on product, channel, and region. The product segment includes perfumes & cosmetics, wine & spirits, tobacco, electronics, luxury goods, food & confectionery, and catering & others. In 2017, beauty products, namely, perfumes & cosmetics segment accounted for the maximum revenue with more than 31% market share. Based on channel, the global travel retail market is classified into airports; cruise liners; railway stations; and border, downtown, & hotel shops. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on product type, the luxury goods segment is anticipated to register the highest growth rate during the forecast period in the travel retail market. The purchase of these goods is totally dependent on the economic stability of any region, as the goods are majorly procured by the upper economic classes. Based on region, Asia-Pacific is expected to dominate the global market during the analysis period, due to the presence of a large number of retail companies in China, India, Thailand, and others. In addition, the market in Asia-Pacific is expected to grow at the fastest rate due to increase in the number of high net worth individuals and growth of the tourism industry.

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Top Key Players: Regstaer Duty Free, Baltona Duty Free, Le Bridge Duty Free, Autogrill, Dubai Duty Free, James Richardson Corporation, DFS Group, Dufry, LS Travel Retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr. Heinemann, China Duty Free Group (CDFG), Aer Rianta International (ARI), The Naunace Group

Key Benefits for Travel Retail Market :

• This report provides an in-depth analysis of the global travel retail market to identify the potential investment pockets.
• It outlines the current trends and future scenarios to determine the potential of the travel retail market and enable stakeholders to gain a stronger market foothold.
• Key drivers, restraints, and opportunities and their detailed impact analyses are elucidated.
• Quantitative analysis of the travel retail industry from 2017 to 2025 is highlighted to recognize the financial competency of the market.
• Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Travel Retail Key Market Segments :
By Product Type
• Perfumes & Cosmetics
• Wine & Spirit
• Electronics
• Luxury Goods
• Food, Confectionery, & Catering
• Tobacco
• Others

By Channel
• Airport
• Cruise Liner
• Railway Station
• Border, Downtown, & Hotel Shop

By Region
• North America
• Europe
• Asia-Pacific
• LAMEA

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