Travel Beauty Retail Market size to Reach USD 33,450,695.29 thousand by 2029.

The global travel beauty retail market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing at a CAGR of 5.2% in the forecast period of 2022 to 2029 and is expected to reach USD 33,450,697.49 thousand by 2029. An increase in the millennial population is expected to drive the market.

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Market Analysis and Insights : Global Travel Beauty Retail Market

Travel retail, also called duty-free, is a sales procedure comprising the commercialization of the goods relating to the various product categories. This sales channel comprises the goods that have not had the taxation and excise applied on their sale price and for sales to travelers. Travel retail is a retailing channel, providing products to international travelers. It is an important source of income and has several marketing prospects.

The rising popularity of travel and tourism and the increase in the millennial population are expected to drive the demand for the global travel beauty retail market. However, stringent government guidelines towards airport retailing may further restrict the market's growth.

Global Travel Beauty Retail Market Scope and Market Size

The global travel beauty retail market is segmented into two notable segments, based on product, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Global Travel Beauty Retail Market, By Product (Skin Care, Fragrances, Make-up, Hair Care, and Others), Distribution Channel (Airports, Airlines, Ferries, and Other Channels), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of the Middle East and Africa), Industry Trends and Forecast to 2029.

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