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Duty-free Liquor Market with Current Trends, Drivers, Strategies, Applications and Competitive Landscape 2026

08-06-2020 11:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Duty-free Liquor Market

Duty-free Liquor Market

The global duty-free liquor market size was valued at $2.8 billion in 2018 and is expected to grow at a CAGR of 9.4% to reach $3.7 billion by 2026.

Duty-free liquor refers to the liquor exempted from payment of national taxes and duties, and other certain local taxes. Duty-free liquor are sold to travelers travelling to some other country. Such shops or retail outlets are available at various channels such as airports, cruise liners, railway stations, and border, downtown, and hotel shops. People also buy liquor from duty-free stores to spend the surplus foreign currency before going back to their home country.

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Development of travel & tourism industry, rapid growth in urbanization, and rise in disposable income is anticipated to drive the global duty-free liquor market. However, stringent government rules, particularly for airport retailing is anticipated to hinder the growth of the industry during the forecast period.

The key players operating in the global duty-free liquor industry analysis focus on prominent strategy to overcome competition and to maintain as well as improve their share worldwide. The key players profiled in the report include Brown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands, Inc., REMY COINTREAU, Pernod, and Ricard.

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Key Findings of the Duty-Free Liquor Market :

Based on region, Asia-Pacific is anticipated to lead the in terms of Duty-Free Liquor Market Share
Based on type, the whiskey category occupied the maximum share in Duty-Free Liquor Market Analysis in 2018
By channel, the airport category dominated the overall duty-free liquor market growth in 2018, and is expected to dominate the duty-free liquor market forecast.

Access Full Summary at: https://www.alliedmarketresearch.com/duty-free-liquor-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry."

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