Press release
Key Trend Reshaping the Airport Retailing Market in 2025: Chalhoub Innovative Travel Retail Concept The Visitor At King Abdulaziz International Airport
Airport Retailing
Increased air passenger traffic is projected to spur the expansion of airport retailing in the future. The term "air passenger traffic" denotes the number and flow of individuals traveling by air during a specified timeframe. The reason for the surge in air passenger traffic is attributable to advancements in tourism, enhanced air connectivity, and societal and infrastructure-related factors. Airport retailing plays a crucial role in augmenting air passenger traffic by elevating the whole travel experience and producing extra income, thereby making airports more appealing to both passengers and airlines. For example, the Bureau of Transport and Statistics (BTS), an independent statistical agency based in the United States, reported in March 2023 that in 2022, U.S. airlines saw a 30% year-on-year increase in passenger volume, transporting an additional 194 million passengers compared to 2021. Moreover, the total number of passengers for U.S. airlines reached 853 million from January to December, up from 658 million in 2021 and 388 million in 2020. Therefore, the rise in passenger traffic is fueling the expansion of the airport retailing market.
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What growth opportunities are expected to drive the airport retailing market's CAGR through 2034?
The size of the airport retailing market has seen significant expansion in the past few years. There is an anticipated growth from $29.28 billion in 2024 to $32.77 billion in 2025, which calculates to a compound annual growth rate (CAGR) of 11.9%. Elements contributing to the historical growth include an uptick in passenger numbers, growth in individual disposable income, expansion of travel retail brands, the rise of budget airlines, and increased urbanization.
Over the upcoming years, we anticipate experiencing a swift expansion in the airport retailing market size. It's projected that the market will rise to $50.76 billion in 2029, with a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this growth in the projected period include a shift in consumer preferences, advancement and expansion of airport facilities, increasing demand for luxury and premium goods, growing advantages of duty-free shopping, and a boost in tourism. Key trends expected within the forecast period consist of technological progress, collaborations with airlines and loyalty programs, sophisticated analytics, modern retail concept developments, and innovative measures in omnichannel.
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What are the emerging trends shaping the future of the airport retailing market?
Leading businesses in the airport retailing sector are keen on creating unique travel retail ideas to boost the passenger experience and secure a more substantial portion of the burgeoning worldwide travel retail market. This innovative travel retail concept involves novel strategies to elevate the shopping and dining experiences at airports, train depots, and other travel intersections. It emphasizes the incorporation of technology, customization, convenience, and the flawless merging of physical and digital retail spaces to cater to the changing needs and tastes of contemporary travelers. For instance, in November 2023, Chalhoub Group, headquartered in the United Arab Emirates (UAE), introduced The Visitor - a proprietary travel retail concept. This groundbreaking notion is curated to augment the travel experience and fulfil the demands of the burgeoning youth travelers. The idea behind the store is to offer travellers an enticing and immersive shopping experience.
Which growth-oriented segments of the airport retailing market are leading the industry's development?
The airport retailing market covered in this report is segmented -
1) By Product: Liquor And Tobacco, Perfumes And Cosmetics, Fashion And Accessories, Food And Beverages, Other Products
2) By Services: Currency Exchange, Travel Agencies, Car Rentals, Duty-Free Pre-Order
3) By Airport Size: Large Airport, Medium Airport, Small Airport
4) By Store Location: Pre-Security (Landside), Post-Security (Airside)
5) By Distribution Channel: Direct Retailer, Convenience Store, Specialty Retailer, Departmental store
Subsegments:
1) By Liquor And Tobacco: Alcoholic Beverages (Whiskey, Wine, Etc.), Cigarettes And Cigars, Duty-Free Alcohol And Tobacco
2) By Perfumes And Cosmetics: Fragrances (Men's And Women's), Skincare Products, Hair Care Products, Makeup And Cosmetics
3) By Fashion And Accessories: Clothing (Men's, Women's, Children's), Bags And Luggage, Jewelry And Watches, Sunglasses And Eyewear
4) By Food And Beverages: Packaged Snacks And Confectionery, Fresh Food (Sandwiches, Salads, Etc.), Beverages (Non-Alcoholic, Soft Drinks, Etc.), Specialty Foods (Local And International Cuisines)
5) By Other Products: Electronics And Gadgets, Souvenirs And Travel Essentials, Books And Magazines, Health And Wellness Products
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What regions are leading the charge in the airport retailing market?
Asia-Pacific was the largest region in the airport retailing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the airport retailing market?
Major companies operating in the airport retailing market are Dufry AG, Lagardère Travel Retail Group, Gebr. Heinemann SE & Co. KG, SSP Group PLC, HMSHost Corporation, Duty Free Americas Inc., Dubai Duty-Free, Nuance Group, Japan Airport Terminal Co. Ltd., Paradies Lagardère, WH Smith PLC, DFS Group Limited, Lotte Duty Free, Hudson Group, InMotion Entertainment Group LLC, Flemingo International, Airport Retail Group LLC, Aer Rianta International (ARI), King Power International, The Shilla Duty Free, Autogrill S.p.A., Aelia Duty Free
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What Is Covered In The Airport Retailing Global Market Report?
•Market Size Forecast: Examine the airport retailing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the airport retailing market for a structured understanding.
•Key Players Overview: Analyze major players in the airport retailing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airport retailing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the airport retailing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airport retailing market.
•Industry Challenges: Identify potential risks and obstacles affecting the airport retailing market.
•Competitive Landscape: Review strategic developments in the airport retailing market, including expansions, agreements, and new product launches.
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