Travel Retail Market Size, Demand, Trends And Analytical Overview, Growth Factors, Forecast To 2031

The global travel retail market report by the business research company identifies the increase in international travelers globally to be a major growth driver for the travel retail market. Mass tourism and package holidays have opened markets to large numbers of individuals. Travel retail helps the international travellers to book their tickets at any place by using internet and it helps in making their journey easier, as a result increase in international travels will increase the demand for travel retail. For instance, according to the World tourism organization, in 2019, 1.5 billion international tourist arrivals were recorded globally. This was a 4% increase than the previous yea. Furthermore, according to TSA (Transportation Security Administration, USA), In July 2021, there are 6.5 million more daily travelers than in June 2021.

The global travel retail market size is expected to grow from $58.89 billion in 2021 to $68.54 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. The global travel retailing market size is expected to grow to $111.02 billion in 2026 at a CAGR of 12.8%.

Purchase The Travel Retail Market Report Here:
https://www.thebusinessresearchcompany.com/report/travel-retail-global-market-report

Asia-Pacific was the largest region in the travel retail market in 2021. The regions covered in the global travel retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the travel retail market are Aer Rianta international, China duty free group co.ltd., Dufry AG, Duty free americas Inc, Gebr. Heinemann se & co.kg, King power international, Lotte Hotel, Lagardère sca, The shilla duty free, DFS Group, Flemingo International, The Naunace Group, Dufry, Dubai Duty Free, James Richardson Group, Lotte, and Qatar Duty Free.

The global travel retail market is segmented -
1) By Product Type: Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery, and Catering, Tobacco, Others
2) By Channel: Airports, Cruise Lines, Border, Down Town and Hotel Shops, Railway Stations, Others
3) By End-User: Children (less than 18 years old), Youth (18-30 years old), Middle-Aged (30-59 years old), Elder (greater than 60 years old)

Request A Sample Of The Travel Retail Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6334&type=smp

The Travel Retail Market Report Contents Include
1. Executive Summary
2. Travel Retail Market Characteristics
3. Travel Retail Market Trends And Strategies
4. Impact Of COVID-19 On Travel Retail
5. Travel Retail Market Size And Growth
....
27. Travel Retail Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Travel Retail Market
29. Travel Retail Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the travel retail market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
TBRC Blog: http://blog.tbrc.info/
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Healthcare Blog: https://healthcareresearchreports.com/

About Us:
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

This release was published on openPR.