Travel Retail Market Will Hit Big Revenues in Future | Dufry AG, Ever Rich, King Power

Pro Market Reports published a new research publication on "Travel Retail Market Insights, to 2032" 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 Travel Retail market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:
Gebr. Heinemann SE & Co. KG (Germany), Dufry AG (Switzerland), Lagardere (France), DFS Group Ltd (Hong Kong), Lotte Duty Free (France), The Shilla Duty Free (Singapore), Aer Rianta International (Ireland), China Tourism Group (China), King Power Corporation (Thailand), Ever Rich (Taiwan), Duty Free Americas (US).

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Scope of the Report of Travel Retail
The size of the Travel Retail Market was valued at USD 26.6 Billion in 2023 and is projected to reach USD 54.53 Billion by 2032, with an expected CAGR of 10.8% during the forecast period. Travel retail market refers to sales at various points of time in the journey of travel like airports, seaports, and railway stations. This market is specific as it offers shopping within its distinctive environment, mainly comprised of luxury goods, cosmetics, alcohol, and souvenirs, especially for international consumers. It is enhanced through various technological advancements, including mobile payment systems and digital displays to engage consumers. Travel retail is a valuable business that will add to the economy in different areas and provide employment opportunities in both retail and tourism fields. Some benefits of this market are to make travel easier for people, thereby offering an opportunity to buy unique products at tax-free prices in most regions.

The titled segments and sub-section of the market are illuminated below:
Product Type : Fragrances and Cosmetics, Food, Confectionery & Catering, Wine and Spirits, Fashion & Accessories, Tobacco Products, Others, Demographic : Millennials, Middle-Age, Seniors, Sales Channel : Airports & Airline Shops, Cruise Lines, Border Downtown & Hotel Shops, Category : Standard, Luxury

Market Drivers:
Soaring international travel and tourism
Rising demand for luxury goods

Market Trends:
Rise in spending power on home décor and home renovation is driving the market growth

Restrains:
Competition from online retail and e-commerce
Fluctuating currency exchange rates

What can be explored with the Travel Retail Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global Travel Retail Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Travel Retail
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Travel Retail Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Travel Retail market
Chapter 2: Exclusive Summary - the basic information of the Travel Retail Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Travel Retail
Chapter 4: Presenting the Travel Retail Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 6: Evaluating the leading manufacturers of the Travel Retail market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Travel Retail Market is a valuable source of guidance for individuals and companies.

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