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Travel Retail Global Market By Product Type, By Sales Channel, By End User, By Opportunity Analysis And Industry Forecast 2023-2032 | Dufry AG, Lotte Hotel, Lagardère sca, The shilla duty free, DFS Group
Travel Retail Market
Travel Retail Market Size, Growth Rate, And Forecast
The global travel retail market size grew from $68.91 billion in 2022 to $79.05 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The travel retail market size is expected to grow to $126.48 billion in 2027 at a CAGR of 12.5%.
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Travel Retail Market Drivers
The growing number of international travellers is expected to propel the growth of the travel retail market going forward. Mass tourism and package holidays have opened markets to large numbers of individuals.
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Travel Retail Market Segments
• By Product Type: Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery, and Catering, Tobacco, Other Products
• By Channel: Airports, Cruise Lines, Border, Down Town and Hotel Shops, Railway Stations, Other Channels
• By End Users: Children (less than 18 years old), Youth (18-30 years old), Middle-aged (18-59 years old), The Elder (greater than 60 years old)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Travel Retail market.
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Travel Retail Market Key Players
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 Business Research Company's "Global Travel Retail Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Travel Retail Market Include:
1. Executive Summary
2. Travel Retail Market Characteristics
3. Travel Retail Market Trends And Strategies
4. Travel Retail Market - Macro Economic Scenario
5. Travel Retail Market Size And Growth
.....
26. Africa Travel Retail Market
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
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