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Travel Retail Market Growing at CAGR of 9.6% by 2024 key players like DFS Group, Dufry, LS Travel Retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr. Heinemann, China Duty Free Group (CDFG)

Travel Retail Market Growing at CAGR of 9.6% by 2024 key players

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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Key Market Players Profiled in the Report Are:

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

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Table of Content:
Global “Global Travel retail Market” Research Report 2019-2024
Chapter 1: Industry Overview
Chapter 2: Travel retail International and China Market Analysis
Chapter 3: Environment Analysis of Travel retail
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Travel retail Revenue Market Status.
Chapter 7: Analysis of Travel retail Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Travel retail Market
Chapter 10: Development Trend of Travel retail Industry 2019-2024
Chapter 11: Industry Chain Suppliers of Travel retail with Contact Information
Chapter 12: New Project Investment Feasibility Analysis of Travel retail
Chapter 13: Conclusion of the Global Travel retail Market Research Report

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