Press release
Asia Pacific Duty-Free Retail Market Valued at USD 46.41 Billion in 2023, Expected to Grow Significantly at 8.7% CAGR by 2030
๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ
๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ was valued at USD 46.41 billion in 2023.Global market size is estimated to grow at a CAGR of 8.7.
๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Duty-free shops sell items exempt from certain local or national taxes and tariffs, catering to travelers who will take the goods outside the country. The rules for duty-free sales, including how duties are calculated or refunded, vary by jurisdiction.
The Asia Pacific duty-free retail market is segmented by Type, Sales Channel, and Geography. The market segments include:
By Type: Perfumes, Cosmetics, Alcohol, Cigarettes, and Others.
By Sales Channel: Airports, Onboard Aircraft, Seaports, Train Stations, and Others.
By Distribution Channel: Online and Offline.
By Geography: North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
For each segment, market sizing and forecasts are provided in USD Billion.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Asia-pacific-duty-free-retail-Market/994
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
Infrastructure Expansion: New international airports are being constructed, creating opportunities for growth. For instance, India's "Dholera" international airport, with a budget of USD 135.07 million (INR 987 crore), received clearance in 2021. By 2040, India is expected to have 190-200 operational airports, including three international airports each in Delhi and Mumbai, according to the Civil Aviation Ministry's "Indian Aviation's Vision 2040."
New Air Routes and Market Entry: The reopening of global borders post-COVID-19 has led airlines to expand their international networks, encouraging new entrants into the market, particularly in Asia. China is embarking on several airport construction projects, with Shanghai Pudong International Airport's expansion expected to accommodate 130 million passengers annually by 2029.
Impact of Currency Fluctuations: Duty-free markets in Asia Pacific are sensitive to international exchange rates. Retail chains dealing in luxury goods can be affected-positively or negatively-by currency fluctuations, especially when transactions involve multiple currencies like the Euro, Dollar, or British Pound. The unpredictable currency rates, further exacerbated by the COVID-19 pandemic, remain a key external factor influencing inflation and economic stability.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง?
by Type
Perfumes
Cosmetics
Alcohol
Cigarette
Others
by Sales Channel
Airport
Onboard aircraft
seaport
Train stations
Others
Country Scope
China
India
Japan
South Korea
Australia
ASEAN
Rest of APAC
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Asia-pacific-duty-free-retail-Market/994
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฌ๐ข๐ ๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐ญ๐ฒ-๐๐ซ๐๐ ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Dufry AG (Switzerland)
DFS Group (China)
Gebr. Heinemann SE & Co. KG (Germany)
Shinsegae Duty-Free Inc. (South Korea)
The King Power International Group (Thailand)
Lagardรจre Group (France)
Dubai Duty-Free (UAE)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Asia-pacific-duty-free-retail-Market/994
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Fox Nuts Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Fox Nuts Market Segmentation - A detailed analysis by Product
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
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Asia Pacific Commercial Solar Carport Market https://www.stellarmr.com/report/APAC-Commercial-Solar-Carport-Market/1283
Asia Pacific Digital Power Utility Market https://www.stellarmr.com/report/APAC-Digital-Power-Utility-Market/1285
Asia Pacific Electric Substation Market https://www.stellarmr.com/report/Asia-Pacific-Electric-Substation-Market/1286
Asia Pacific Electrical Conduit Market https://www.stellarmr.com/report/Asia-Pacific-Electrical-Conduit-Market/1287
Asia Pacific Fan Coils Market https://www.stellarmr.com/report/Asia-Pacific-Fan-Coils-Market/1288
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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