Duty-free Liquor Market is Booming Worldwide with Leading Key Players and Growth Opportunities

The duty-free liquor market size was valued at $2.8 billion in 2018, and is projected to reach $3.7 billion in 2026, registering a CAGR of 9.4% from 2019 to 2026. The duty-free liquor at airport, cruise liners, border, downtown, and hotel shops have become a favorite destination for travelers who like to shop before starting their journey. This is due to the elimination of local import tax or the duties implemented by the government bodies.

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Also, this segment is anticipated to grow with the highest CAGR of 4.1% during the forecast period. Depending on channel, the airport category garnered the highest share in 2018, due to the continuous growth in global aviation and air traffic. Also, rise in the tourism industry is one of the key factors for the growth of the duty-free liquor market. Furthermore, this segment is anticipated to witness the highest growth rate with a CAGR of 8.40% during the forecast period.

The global Duty-Free Liquor Market segments are categorized into type, and channel. Depending on type, the industry is divided into beer, wine, vodka, cognac, and whiskey. By channel, it is classified into cruise liners, airports, railway stations, and border, downtown and hotel shops.

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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.

By region, Europe accounted for the highest revenue in 2018 owing to the wealthy tourists from the Middle East, China, the U.S., and Russia contributing a significant part in the market. Also, love for travel is on an upward trend among Germans, which significantly contributes to the growth of the duty-free liquor market.

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The key players operating in the global duty-free liquor market 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.

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

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CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

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