openPR Logo
Press release

Duty-Free Retailing Market Set for Strong Growth, Expected to Reach New Heights by 2030

Duty Free Retailing Market

Duty Free Retailing Market

The Duty-Free Retailing Market has seen significant transformation over the years, driven by rising consumer demand for premium and luxury goods at airports, seaports, and border crossings. The market is projected to grow at a substantial rate, with the total revenue expected to reach new heights by 2030.

๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ƒ๐ฎ๐ญ๐ฒ-๐…๐ซ๐ž๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

Market Size & Growth Forecast: The global Duty-Free Retailing Market, valued at USD X billion in 2023, is anticipated to grow at a CAGR of X% during the forecast period (2024-2030). This expansion is fueled by an increasing number of international travelers and growing spending on luxury goods.

Geographical Expansion: Key regions like Southeast Asia, the Middle East, Europe, and North America are seeing significant investment in airport retailing, with countries like Vietnam, Singapore, South Korea, and Japan witnessing high growth.

๐‘๐ข๐ฌ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Consumer spending on duty-free goods, including luxury products such as cosmetics, perfumes, alcohol, and electronics, continues to rise. With increasing numbers of international tourists and a shift towards experiential shopping, the duty-free retailing sector is benefiting from these trends. Retailers are adapting to the demand for high-end products and more personalized shopping experiences.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ & ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ƒ๐ฎ๐ญ๐ฒ-๐…๐ซ๐ž๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

Acquisition by Dufry Group: In the past year, the Swiss-based Dufry Group acquired several smaller regional players to expand its footprint in the Asia-Pacific and Middle Eastern regions. This strategic move enhances Dufry's ability to offer a wider variety of luxury goods to travelers.

Strategic Partnerships in Southeast Asia: Leading duty-free retailers in Thailand and Singapore have entered strategic partnerships with local airlines to expand their offerings in airports, enhancing convenience and boosting sales.

LVMH and Duty-Free Retail Expansion: LVMH, one of the world's largest luxury goods conglomerates, has expanded its duty-free retail presence by increasing its stake in travel retail operations across the EU and Southeast Asia.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ : https://www.maximizemarketresearch.com/request-sample/145803/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Vietnam: Vietnam's growing middle class and booming tourism industry have contributed to a rise in demand for luxury goods at duty-free shops in major airports like Tan Son Nhat and Noi Bai. This has led to an increase in retail expansion in these hubs.

Thailand: Duty-free retailing in Thailand has expanded with new regulations allowing for increased product offerings in both international airports and major tourist destinations. The country's strategic location in Southeast Asia is also attracting more international retail brands.

Singapore: As a global aviation hub, Singapore's Changi Airport is one of the leading duty-free retail centers, with new outlets offering premium products. Additionally, Singapore's focus on providing travelers with a seamless shopping experience is boosting the market's growth.

Japan and South Korea: Both countries have experienced significant growth in their duty-free markets, driven by a rise in Chinese tourists and the increasing popularity of Japanese and Korean beauty products. Retailers in both countries have capitalized on these trends with expanded product ranges.

European Countries: In Europe, airports in major cities like London, Paris, and Frankfurt continue to dominate the duty-free retail landscape. The ongoing recovery in global travel has further fueled demand, particularly for luxury goods like perfumes, cosmetics, and spirits.

Innovations Shaping the Future of Duty-Free Retailing
Digitalization of Shopping Experience: Duty-free retailers are embracing technology with digital platforms that allow consumers to shop online before arriving at the airport. This innovation enhances convenience and is expected to drive sales in the coming years.

Sustainability Initiatives: With growing environmental concerns, duty-free retailers are increasingly offering eco-friendly products and packaging. Brands are prioritizing sustainability to appeal to the environmentally-conscious consumer.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/145803/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ข๐š ๐ƒ๐ฎ๐ญ๐ฒ ๐…๐ซ๐ž๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Fragrances & Cosmetics
Wines & Spirits
Fashion & Accessories
Tobacco
Watches & Jewelry
Confectionary & Fine Food
Electronics & Gifts
Others

๐›๐ฒ ๐’๐š๐ฅ๐ž๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Airport Shops
Airlines
Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/145803/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ข๐š ๐ƒ๐ฎ๐ญ๐ฒ ๐…๐ซ๐ž๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Dufry AG
2. LOTTE Duty Free Company
3. DFS Group Limited, Gebr.
4. Heinemann SE & Co. KG,
5. The Shilla Duty Free
6. The King Power International Group
7. James Richardson Corporation Pty Ltd
8. Duty Free Americas, Inc
9. Flemingo International Ltd
10.Dubai Duty Free
11.China Duty Free Group Co., Ltd
12.Others

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ข๐š ๐ƒ๐ฎ๐ญ๐ฒ ๐…๐ซ๐ž๐ž ๐‘๐ž๐ญ๐š๐ข๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Duty Free Retailing ?
What is the growth rate of the Duty Free Retailing Market?
Which are the factors expected to drive the Duty Free Retailing market growth?
What is the CAGR at which the Duty Free Retailing market will grow during the forecast period?
What are the different segments of the Duty Free Retailing Market?
Which is the fastest growing region in the Duty Free Retailing market?
What growth strategies are the players considering to increase their presence in Duty Free Retailing ?
What are the upcoming opportunities and trends for the Duty Free Retailing Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Duty Free Retailing Market?
Who are the leading companies and what are their portfolios in Duty Free Retailing Market?
What segments are covered in the Duty Free Retailing Market?
Who are the key players in the Duty Free Retailing market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/145803/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Microalgae market https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/

โ™ฆ storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/

โ™ฆ Digital Payment Market https://www.maximizemarketresearch.com/market-report/digital-payment-market/16835/

โ™ฆ Global Emotion Detection and Recognition Market https://www.maximizemarketresearch.com/market-report/global-emotion-detection-and-recognition-market/29109/

โ™ฆ Sports Tourism Market https://www.maximizemarketresearch.com/market-report/sports-tourism-market/191030/

โ™ฆ Global Naphthalene Sulfonate Market https://www.maximizemarketresearch.com/market-report/global-naphthalene-sulfonate-market/16198/

โ™ฆ Global Preservative Blends Market https://www.maximizemarketresearch.com/market-report/global-preservative-blends-market/62669/

โ™ฆ Global Transparent Resin Polymer Market https://www.maximizemarketresearch.com/market-report/global-transparent-resin-polymer-market/108267/

โ™ฆ Global Nonwoven Tape Market https://www.maximizemarketresearch.com/market-report/global-non-woven-tape-market/32636/

โ™ฆ Global Inflight Advertising Market https://www.maximizemarketresearch.com/market-report/global-inflight-advertising-market/81621/

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Duty-Free Retailing Market Set for Strong Growth, Expected to Reach New Heights by 2030 here

News-ID: 3775800 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Global Magnesium Alloys Market Poised to Grow from US$ 2.21 Billion in 2024 to US$ 5.58 Billion by 2032 at a CAGR of 12.25% - Magnesium Alloys Market Forecast
Global Magnesium Alloys Market Poised to Grow from US$ 2.21 Billion in 2024 to U โ€ฆ
According to a new report by Maximizer Market Research, the Global Magnesium Alloys Market was valued at USD 2.21 billion in 2024 and is projected to reach USD 5.58 billion by 2032, growing at a CAGR of 12.25%. This growth is underpinned by rising demand from automotive & transportation, electronics, aerospace, defense, and medical industries seeking lightweight, high-performance materials. For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/32753/ โ™ฆโ€ฆ
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billion by 2032 at a CAGR of 6.65% - Bamboo Furniture Forecast
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billi โ€ฆ
According to a new report by Maximize Market Research, the global bamboo furniture market was valued at USD 13.75 billion in 2024 and is projected to reach USD 23.02 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 6.65%. For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/111043/ โ™ฆ Key Highlights โ™ฆ Market size & CAGR: USD 13.75 billion (2024) to USD 23.02 billion (2032) atโ€ฆ
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030. Open-Source Intelligence Market Overview: The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available informationโ€ฆ
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 10.89 Bn by 2030 at 12.1% CAGR - Pension Administration Software Forecast to Drive Digital Transformation
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 1 โ€ฆ
According to a new report by Maximize Market Research, the global pension administration software market was valued at USD 4.89 billion in 2023 and is projected to grow to USD 10.89 billion by 2030, registering a robust CAGR of 12.1% over the forecast period (2024-2030). This growth is expected worldwide, fueled by increasing digitalization, automation, and demand for predictive analytics in retirement plan management. For full access to the data, requestโ€ฆ

All 5 Releases


More Releases for Duty

Travel Retail Market Hits New High | Major Giants China Duty Free Group, Shilla โ€ฆ
HTF MI just released the Global Travel Retail Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Travel Retail Market are: LVMH, DFS Group, Dufry, Lagardeฬ€reโ€ฆ
Duty-free Retailing Market Forecast: Segments, Drivers, and Growth Factors to 20 โ€ฆ
DataM Intelligence has released a new research report on the Duty-free Retailing market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits,โ€ฆ
Duty Free & Travel Retail Market Next Big Thing | Lotte Duty-Free, Duty-Free Ame โ€ฆ
Advance Market Analytics published a new research publication on "Duty Free & Travel Retail Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Duty Free & Travel Retail market was mainly driven by the increasing R&D spending across the world. Getโ€ฆ
Duty-Free Retailing Market is Expected to Generate $94.2 Billion by 2031 | Dufry โ€ฆ
According to a new report published by Allied Market Research, titled, "Duty-Free Retailing Market by Product Type (Perfume & Cosmetics, Electronics, Wine & Spirits, Food, Confectionery & Catering, Tobacco, Luxury Goods, Others), by Sales Channel (Airports, Cruise Liners, Railway Stations, Border, Down-Town & Hotel Shop): Global Opportunity Analysis and Industry Forecast, 2021-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, marketโ€ฆ
Duty Free & Travel Retail Market 2022 | Size, Growth, Demand, Opportunities & Fo โ€ฆ
Duty Free & Travel Retail Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Duty Free & Travel Retail Market market in terms of demand and supply environment is provided, as well as price trend currently and in the nextโ€ฆ
Global Duty-Free Retailing Market 2020 Top Key Players: Lagardรจre Travel Retai โ€ฆ
Summary A New Market Study, titled โ€œDuty-Free Retailing Market Upcoming Trends, Growth Drivers and Challengesโ€ has been featured on WiseGuyReports. This report provides in depth study of โ€œDuty-Free Retailing Marketโ€ using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. Theย Duty-Free Retailing Market report also provides an in-depth survey of key players in the market which is based on the variousย objectivesย of an organization such as profiling, the product outline, theโ€ฆ