Duty Free Retailing Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

and India Duty Free Retailing Market Size
The global Duty Free Retailing revenue was US$ 73060 million in 2022 and is forecast to a readjusted size of US$ 207630 million by 2029 with a CAGR of 15.9% during the review period (2023-2029).

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and India Duty Free Retailing Market
This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
In India, the Duty Free Retailing revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period 2023-2029.

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Segment by Type
• Cosmetics & Personal Care Products
• Alcohol, Wine and Spirits
• Tobacco & Cigarettes
• Fashion & Luxury Goods
• Confectionery & Food Stuff
• Others

Segment by Application
• Airports
• Onboard Aircraft
• Seaports
• Train Stations
• Others

By Company
Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty Free

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