Duty-Free Retail Market: Global Industry Analysis and Forecast (2024-2030)

Duty-Free Retail Market Overviews

Duty-free retailing is the practice of making purchases at stores with no sales tax at airports, ferries, and cruise ports. To avoid paying taxes at foreign borders, visitors and tourists frequently shop at duty-free retail stores.



Further, the Duty-Free Retail market is segmented by Type, Sales Channel, and geography. Based on Type, the Duty-Free Retail market is segmented into Perfumes, Cosmetics, Alcohol, Cigarettes, and Others. Based on the Sales Channel, the Duty-Free Retail market is segmented under the channels of Airports, Onboard aircraft, seaports, train stations, and others. Based on the Distribution Channel, the Duty-Free Retail market is segmented under the channels Online and Offline. By geography, the market covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done based on (USD Billion).

To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Duty-Free-Retail-Market/1151

Duty-Free Retail Market Scope and Methodology:

New international airports are being built all over the world, opening up significant economic opportunities for those working in the sector. For instance, the Airport Authority of India (AAI), a governmental organization in India that manages 125 airports, issued construction permission in February 2021 for the first phase of an international airport called "Dholera" in Gujarat for USD 135.07 million (INR 987 crore). According to the International Aviation Summit 2019, India would have 190-200 operational airports by the year 2040, as stated in the Civil Aviation Ministry's "Indian Aviation's Vision 2040." Delhi and Mumbai will each have three international airports, compared to two operational airports for each of the top 31 Indian cities. By March 2040, there should be 2,359 aircraft instead of the 622 that traveled over India in 2018.

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Duty-Free-Retail-Market/1151

Duty-Free Retail Market Regional Insights

The Asia Pacific duty-free retail market is expected to expand significantly. Recent events in several Asian nations may present possibilities for current and future duty-free retailers to introduce a wide range of cutting-edge goods. To develop the Hainan Free Trade Port (Hainan FTP) on the nation's southern coast, for instance, the central government of China declared several initiatives in its master plan dated June 1, 2020. The government also disclosed its goal of elevating Hainan FTP to the status of a world-class free trade port by 2050. In the upcoming years, this strategic decision will likely benefit domestic retail chains that provide a broad range of Duty-Free Retail products.

Duty-Free Retail Market Segmentation

The international market is divided into categories according to kind, including cigarettes, alcohol, cosmetics, and perfumes. Throughout the projected period, the perfumes segment is likely to hold a majority of the market share. Luxury fragrances are distributed through well-known international networks to duty-free shops all around the world. To purchase perfumes from internationally renowned names like Giorgio Armani, Al Haramain Dazzle Intense, Belle, Signature Rose, Signature Silver, and Khulasat Al Oud, affluent international tourists frequently visit duty-free retail chains. All perfume types, including Perfume or De Perfume, Eau De Perfume (EDP), Eau De Toilette (EDT), and Eau De Cologne, are available through major distribution channels (EDC).

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Duty-Free-Retail-Market/1151

Duty-Free Retail Market Key Players

China Duty-Free Group (China)
Lotte Duty-Free (South Korea)
The Shilla Duty-Free (South Korea)
Dufry AG (Switzerland)
DFS Group (China)
Gebr. Heinemann SE & Co. KG (Germany)
Shinsegae Duty-Free Inc. (South Korea)

Key questions answered in the Duty-Free Retail Market are:

What is Duty-Free Retail?
What was the Duty-Free Retail market size in 2023?
What is the growth rate of the Duty-Free Retail Market?
Which are the factors expected to drive the Duty-Free Retail market growth?
What are the different segments of the Duty-Free Retail Market?
What growth strategies are the players considering to increase their presence in Duty-Free Retail?
What are the upcoming industry applications and trends for the Duty-Free Retail Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Duty-Free Retail Market?
Who are the leading companies and what are their portfolios in Duty-Free Retail Market?
What segments are covered in the Duty-Free Retail Market?
Who are the key players in the Duty-Free Retail market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
Our Top Trending Reports:

United Kingdom Coffee Market https://www.stellarmr.com/report/United-Kingdom-Coffee-Market/82

Venezuela Coffee Market https://www.stellarmr.com/report/Venezuela-Coffee-Market/80

Saudi Arabia Coffee Market https://www.stellarmr.com/report/Saudi-Arabia-Coffee-Market/78

Japan Coffee Market https://www.stellarmr.com/report/Japan-Coffee-Market/69

Mexico Coffee Market https://www.stellarmr.com/report/Mexico-Coffee-Market/74

Denmark Construction Market https://www.stellarmr.com/report/Denmark-Construction-Market/654

Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4 Kothrud
Pinnac Memories Fl. No. 3
Kothrud, Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656

About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

This release was published on openPR.