Press release
Travel Retail Market Share will Hit USD 187 Billion By 2031 | Growth With Recent Trends & Demand
The travel retail market size was valued at $52.7 billion in 2021, and is estimated to reach $187 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031.
๐๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐จ๐ฎ๐ญ ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/1606
Based on region, Asia-Pacific, followed by Europe and North America contributed to the highest share in 2019, holding more than two-fifths of the total share, and is expected to maintain dominance throughout the forecast period. The same segment is expected to portray the fastest CAGR of 17.2% during the forecast period.
Based on channel, the airport segment contributed to the highest market share in 2019, contributing to nearly three-fifths of the total market share, and is anticipated to dominate the market during the forecast period. The same segment is expected to manifest the fastest CAGR of 16.4% from 2021-2028. The report also covers other segments such as cruise liner, railway station, and border, downtown & hotel shop.
๐๐จ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ https://www.alliedmarketresearch.com/purchase-enquiry/1606
๐๐๐ฒ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐ฆ๐จ๐ฏ๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:-
In June 2021, LVMH formed a partnership with Canopy, a non-profit environmental organization to help in forest conservation.
In February 2021, Durfy along with Hainan Development Holdings open first shop opens first at Haikou's Mova Mall In Hainan, China.
In December 2020, Durfy completed its merger successfully with Hudson Ltd in order to expand its portfolio.
In June 2020, Lotte Confectionery Co, a unit of South Korean conglomerate Lotte Group, launched snack subscription service dubbed "Monthly Snack," the first of its kind in South Korea.
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
By product type, the perfumes & cosmetics segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
As per distribution channel, the airports segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
Region wise, Asia-Pacific was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ญ๐ซ๐๐ฏ๐๐ฅ ๐ซ๐๐ญ๐๐ข๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก
Dufry
LS travel retail
DFS Group
Lotte Duty Free
The Shilla Duty Free
Gebr
Aer Rianta International (ARI)
Heinemann
King Power International Group
China Duty Free Group (CDFG)
The Naunace Group
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐- https://www.alliedmarketresearch.com/travel-retail-market
๐๐ญ๐ก๐๐ซ ๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐จ๐จ๐๐ฌ ๐๐จ๐ฆ๐๐ข๐ง
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ซ๐ข๐ฏ๐๐ญ๐ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/vietnam-private-security-market-A06158
๐๐ฅ๐๐ข๐ฌ๐ฎ๐ซ๐ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/bleisure-travel-market-A06357
๐ ๐ซ๐๐ง๐๐ ๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/france-luxury-travel-market-A13429
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