Airport Duty-Free Liquor Market Soars to $10.4 Billion by 2027 : Spirited Sojourns

According to a new report published by Allied Market Research, titled, "Airport Duty-free Liquor Market by Type: Opportunity Analysis and Industry Forecast, 2021-2027," the airport duty-free liquor market size was valued at $8.9 billion in 2019, and is projected to reach $10.4 billion in 2027, registering a CAGR of 22.22% from 2021 to 2027. The airport duty-free liquor at airport 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.

📍 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 @ https://www.alliedmarketresearch.com/request-sample/10457

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

The travel and tourism industry, encompassing leisure, business, and other forms of travel, is a significant catalyst for the growth of the airport duty-free liquor market. Factors such as lifestyle changes, increased tourism promotion efforts, and a rise in the number of passengers and frequent fliers contribute to the expansion of this market segment. As global aviation and air traffic continue to grow, coupled with the rise in the tourism industry, the airport duty-free liquor market is poised for substantial growth in the foreseeable future.

Asia-Pacific has emerged as a key region driving the growth of the airport duty-free liquor market. Economic improvements in the region, accompanied by an increase in disposable income, serve as primary drivers for market expansion. With untapped regions in Asia-Pacific and Oceania offering significant growth prospects, the future of the airport duty-free liquor market looks promising.

The "others" segment, comprising beer, vodka, wine, and cognac, dominated the airport duty-free liquor market in 2019, fueled by a growing consumer base worldwide. Particularly, the demand for wine, driven by the millennial population and the allure of premium offerings, presents lucrative revenue opportunities. Changes in consumer preferences, including the demand for new and exotic flavors such as Riesling wine and tropical fruit wines, are expected to further propel the growth of the wine segment within the airport duty-free liquor market.

The travel and tourism industry, encompassing leisure, business, and other forms of travel, is a significant catalyst for the growth of the airport duty-free liquor market. Factors such as lifestyle changes, increased tourism promotion efforts, and a rise in the number of passengers and frequent fliers contribute to the expansion of this market segment. As global aviation and air traffic continue to grow, coupled with the rise in the tourism industry, the airport duty-free liquor market is poised for substantial growth in the foreseeable future.

Asia-Pacific has emerged as a key region driving the growth of the airport duty-free liquor market. Economic improvements in the region, accompanied by an increase in disposable income, serve as primary drivers for market expansion. With untapped regions in Asia-Pacific and Oceania offering significant growth prospects, the future of the airport duty-free liquor market looks promising.

📍 𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 @ https://www.alliedmarketresearch.com/connect-to-analyst/10457

The "others" segment, comprising beer, vodka, wine, and cognac, dominated the airport duty-free liquor market in 2019, fueled by a growing consumer base worldwide. Particularly, the demand for wine, driven by the millennial population and the allure of premium offerings, presents lucrative revenue opportunities. Changes in consumer preferences, including the demand for new and exotic flavors such as Riesling wine and tropical fruit wines, are expected to further propel the growth of the wine segment within the airport duty-free liquor market.

Whiskey holds a prominent position in the market, garnering the second-highest share in 2019 due to its increasing global demand. Additionally, cognac has gained widespread recognition as a premium spirit, experiencing a surge in demand, particularly within the airport duty-free liquor market.

In terms of regional revenue, Europe led the market in 2019, driven by tourists from key markets such as the Middle East, China, the U.S., and Russia. Moreover, a growing inclination towards travel among Germans contributes significantly to market growth in Europe.

In the tapestry of travel and tourism, leisure escapades, business ventures, and a myriad of other journeys intertwine, forming the backdrop against which the airport duty-free liquor market thrives. Lifestyle shifts, propelled by a quest for experiences and indulgence, dance in harmony with robust tourism promotion efforts, kindling a fervent desire for exploration and discovery. As the number of passengers and frequent fliers soar to new heights, the stage is set for the airport duty-free liquor market to take flight.

Venture into the enchanting realms of the Asia-Pacific, where a rising tide of economic prosperity and burgeoning disposable incomes paint a portrait of untapped potential. Here, amidst the tranquil shores of Oceania and the bustling streets of Asia, lies a treasure trove of growth opportunities waiting to be unearthed. The allure of exotic flavors and premium offerings beckons, as travelers from far and wide seek to savor the delights of the airport duty-free liquor market.

Step into the spotlight with the "others" segment, a tantalizing ensemble of beer, vodka, wine, and cognac, commanding the attention of discerning travelers worldwide. Behold the allure of wine, a timeless elixir cherished by millennials and connoisseurs alike, offering a journey of sensory delight and indulgence. Witness the rise of whiskey, its rich heritage and complex flavors captivating the hearts of enthusiasts across the globe. And marvel at the universal acclaim of cognac, a symbol of refinement and sophistication, finding its place of honor within the hallowed halls of duty-free stores.

📍 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬! 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐓𝐢𝐦𝐞 𝐎𝐟𝐟𝐞𝐫: 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒 - 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒 : https://www.alliedmarketresearch.com/checkout-final/c4260acc29fdf80559ddc072222515e7

Journey through the cobblestone streets of Europe, where the echoes of ancient civilizations mingle with the hustle and bustle of modern-day travel. Here, amidst the storied landscapes of the continent, tourists from every corner of the globe converge, their thirst for adventure fueling the growth of the airport duty-free liquor market. From the opulent palaces of the Middle East to the bustling metropolises of China and the United States, travelers flock to Europe in search of unparalleled experiences and treasures to behold.

« » 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

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