Global Duty-Free and Travel Retail Market, Top key players are Dufry AG, Business Overview, Major Product Offerings, Key Strategies, Key Strengths, Key Opportunities, Gebr. Heinemann, Lotte, Lagardre Travel Retail Group

Global Duty-Free and Travel Retail Market Research Report 2019-2025

The Duty-Free and Travel Retail Market Research Report is a valuable source of insightful data for business strategists. It provides the Duty-Free and Travel Retail Market overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Duty-Free and Travel Retail Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The growing demand for retail chains that offer luxury and premium brands of various products is augmenting the growth of the global duty-free and travel retail market. These distribution channels provide passengers value, enhance their experience while traveling, generate value addition to economic activity, and creates employment that contributes to overall GDP across the global market. The rising popularity of the travel and tourism industry is one of the primary factors in the global market. These services enhance the experience and value for money which enables consumers to shop premium and luxury brands at discounted price in the global market.

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Some of the key players operating in this market include Dufry AG, Business Overview, Major Product Offerings, Key Strategies, Key Strengths, Key Opportunities, Gebr. Heinemann, Lotte, Lagardre Travel Retail Group, DFS, Shilla, China Duty Free Group Co.Ltd., King Power International, Duty Free Americas, Inc., AER Rianta International, Dubai Duty Free, James Richardson Group, Qatar Duty Free, Flemingo International.

Introduction of LCC across APAC to transform the global duty-free and travel retail market during the forecast period.

The geographical segment in the global duty-free and travel retail market is categorized into APAC, Europe, Americas, Middle East, and Africa. APAC occupied more than 1/3rd of the market share in 2017, growing at a CAGR of over 11% during the forecast period. The growing number of new air routes and the introduction of LCC carriers is one of the main factors promoting the development of the APAC region in the global duty-free and travel retail market.

The rise in the consumption size and the purchasing power across China and India will have a positive impact of the market in this region.
The growing preference for differentiated and value-added products is boosting the desire to travel among the population in APAC will boost the demand in the duty-free industry. The adoption of new lifestyles and the introduction of cheap destination travel packages by companies such as Thomas Cook, MakeMyTrip, Cleartrip, Expedia, Yatra, GoIbibo will result in the growth of the global duty-free and travel retail market. Furthermore, the rapid penetration on social media and digitalization of the economy will create lucrative opportunities for vendors operating in the APAC market during the forecast period.

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