Press release
Spirit Travel Retail Market Expected To Reach USD 32.62 Billion by 2032, Growing at a CAGR of 9.16% | Brown-Forman, Roust, Beam Suntory
Spirit Travel Retail Market
Some of the Top Leading Key Players:
Brown-Forman (US)
Roust (US)
Beam Suntory (US)
Tito's Handmade Vodka (US)
Bacardi (Bermuda)
Heinemann Se & Co. Kg (Germany)
Gebr. Heinemann Se & Co. Kg (Germany)
Mast-Jägermeister (Germany)
Diageo (UK)
William Grant & Sons (UK)
Edrington (UK)
Moet Hennessy (France)
Lagardere Travel Retail (France)
Pernod Ricard (France)
Lvmh (France)
Dufry Ag (Switzerland)
The Nuance Group Ag (Switzerland)
Aer Rianta International (Ireland)
Campari Group (Italy)
Nemiroff (Ukraine)
Dfs Group Ltd. (China)
Duty Free China Group Co. Ltd. (China)
Lotte Duty Free (Lotte Hotel) (South Korea)
King Power International Group (Thailand), and Other Major Players
Spirit Travel Retail Market Size Was Valued at USD 14.82 billion in 2023, and is Projected to Reach USD 32.62 billion by 2032, Growing at a CAGR of 9.16% From 2024-2032.
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Airports and other transportation hubs are seeing a surge in passenger traffic as a result of the increased popularity of travel, both domestically and abroad. Spirit companies now have a great opportunity to take advantage of the captive audience in airport terminals and on airplanes because to this growing consumer base. The travel retail spirits business has changed because to shifting consumer preferences and the popularity of experience shopping.
Segmentation Analysis of the Spirit Travel Retail Market
By Type
Whiskey/Scotch
Vodka
Rum
Gin
Tequila/Mezcal
Brandy/Cognac
Liqueurs
Specialty Spirits
By Sales Channel
Airport
Cruise Ship
Border Shops
Downtown Duty-Free Stores
By Price
Premium
Mid-Range
Entry-Level Spirits
By Brand Origin
International Brands
Local or Regional Brands
Spirit Travel Retail Market Trend Analysis
Rising Disposable Incomes
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Key Industry Developments in the Spirit Travel Retail Market:
In June 2024, Bacardi Global Travel Retail has launched Bacardi Caribbean Spiced, its first aged premium spiced rum with pineapple, coconut blossom, vanilla, and cinnamon, perfect for tropical cocktails or sipping neat. The launch is supported by in-store aroma experiences, social media campaigns, QR codes for tasting notes, cocktail ideas, and tropical-themed gifts.
In October 2023, William Grant & Sons acquired Silent Pool Distillers, the UK's leading ultra-premium gin producer. As the brand's global supply chain and distribution partner in travel retail, the spirits company will help Silent Pool expand its presence in new markets.
Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.
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Strategic Points Covered in Table of Content of Spirit Travel Retail Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Spirit Travel Retail Market Landscape
Chapter Four: Spirit Travel Retail Market by Type
Chapter Five: Spirit Travel Retail Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Spirit Travel Retail Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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