Duty-Free and Travel Retail Market Set to Hit USD 144 Billion by 2030, Fueled by Global Tourism Recovery and Luxury Demand

Mordor Intelligence has published a new report on the "Duty-Free and Travel Retail Market" offering a comprehensive analysis of trends, growth drivers, and future projections

Introduction

The duty-free and travel retail market is on a strong growth trajectory as international travel rebounds and consumer purchasing habits evolve. According to Mordor Intelligence, the market stood at USD 94.20 billion in 2025 and is forecast to reach USD 144.00 billion by 2030, translating into a CAGR of 8.80% during the forecast period.

This growth reflects the resurgence of global tourism, rising passenger traffic, and the increasing appetite for premium goods at travel hubs. Travelers are seeking high-end products such as perfumes, cosmetics, fashion, and spirits while demanding a seamless shopping experience that integrates online and offline channels. Airport shops continue to dominate the sector, but digital platforms and pre-order systems are gaining momentum.

Report Overview: https://www.mordorintelligence.com/industry-reports/duty-free-and-travel-retail-market?utm_source=openpr

Key Trends Driving the Market

1. Asia-Pacific Retains Market Leadership

Asia-Pacific remains the largest regional market, driven by robust air travel demand and significant investments in airport infrastructure. Locations such as Hainan in China have become key destinations for duty-free shopping, offering exclusive deals on luxury products. Expanding middle-class populations and increasing outbound tourism in countries like China, India, and South Korea further strengthen this dominance.

2. Surge in Middle East & Africa Duty-Free Expansion

The Middle East & Africa region is emerging as one of the fastest-growing markets. Strategic positioning as a global travel hub, combined with ongoing airport expansions in countries like the UAE, Qatar, and Saudi Arabia, is propelling duty-free retail opportunities. Major international events and rising tourist inflow are expected to support long-term retail growth in these regions.

3. Airport Retail Holds Strong, but Digital Gains Pace

Airport stores continue to account for the largest share of global sales due to high passenger footfall and premium product availability. However, a shift toward digital channels is transforming the landscape. E-commerce platforms and pre-order services are rapidly becoming an integral part of the shopping journey, allowing passengers to browse and purchase before travel. This trend caters to convenience-driven consumers who prefer faster transactions and personalized experiences.

4. Growing Preference for Premium and Luxury Products

Luxury and premium goods dominate duty-free retail as travelers increasingly view travel as an opportunity to indulge in exclusive items. Categories such as perfumes, cosmetics, jewelry, watches, and fashion accessories are gaining traction. The demand for high-end products is supported by higher disposable incomes, lifestyle changes, and the popularity of gifting during international trips.

5. Evolution of Travel Retail Formats and Experiences

Retailers are enhancing in-store experiences to attract shoppers, with more emphasis on experiential zones, product sampling, and localized offerings. Arrival duty-free shopping is also gaining popularity, enabling travelers to make purchases upon arrival rather than departure. These changes are aimed at capturing additional spending and improving overall passenger engagement.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/duty-free-and-travel-retail-market

Market Segmentation

The duty-free and travel retail market is segmented into several categories to understand its diverse dynamics:

By Product Type

Perfumes & Cosmetics

Wines & Spirits

Fashion & Accessories

Food & Confectionery

Jewelry & Watches

Tobacco Products

Other Categories

By Distribution Channel

Airport Shops (dominant segment due to extensive passenger traffic)

On-Board Aircraft

Ferries & Cruise Lines

Online Platforms (fastest-growing channel)

By Price Range

Premium & Luxury

Mid-Tier and Other Segments

By Geography

North America

South America

Europe

Asia-Pacific

Middle East & Africa

This segmentation highlights the diversity of offerings and shopping environments, enabling operators to target different traveler demographics effectively.

Explore Our Full Library of Retail Research Industry Reports: https://www.mordorintelligence.com/market-analysis/retail?utm_source=openpr

Key Players

The duty-free and travel retail market is moderately consolidated, with a mix of global leaders and strong regional players competing through product assortment, digital integration, and strategic location coverage. Leading companies include:

Avolta AG (Dufry) - A global leader in duty-free retail with an extensive network of airport and downtown stores.

China Duty Free Group Co. Ltd. - A dominant force in Asia-Pacific, leveraging China's tourism boom and offshore duty-free initiatives.

Lagardère Travel Retail - Known for its broad retail portfolio across travel hubs and commitment to personalized shopping experiences.

DFS Group (LVMH) - Specializes in luxury travel retail, offering exclusive high-end products at major airports worldwide.

Lotte Duty Free - A key player in South Korea and Asia-Pacific, expanding its global footprint through new store openings and partnerships.

These companies are actively investing in omnichannel strategies, digital transformation, and experiential retail formats to cater to evolving traveler preferences.

Explore more insights on the duty-free and travel retail market competitive landscape: https://www.mordorintelligence.com/industry-reports/duty-free-and-travel-retail-market/companies

Conclusion

The duty-free and travel retail market is on a steady growth path, supported by increasing international travel, rising disposable incomes, and the growing appeal of premium shopping experiences. Airport stores continue to dominate, while the rise of digital channels introduces new opportunities for personalization and convenience. Asia-Pacific leads the market, with Middle East & Africa emerging as a fast-growing region due to significant infrastructure investments and tourism initiatives.

As retailers enhance product assortments and improve shopping experiences, the industry is well-positioned for sustained expansion. Future growth will depend on strategic investments in technology, seamless service integration, and the ability to meet the evolving demands of global travelers.

For complete market analysis, visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/duty-free-and-travel-retail-market?utm_source=openpr

Industry Related Reports

North America Travel Retail Market: North America Travel Retail Market is Segmented By Product Type (Fashion and Accessories, Jewelry and Watches, Wine & Spirits, Food & Confectionery, Fragrances and Cosmetics, Tobacco, Others (Stationery, Electronics, etc.)), By Distribution Channel (Airports, Airlines, Ferries, Other(Railway Stations, Border, Downtown)) and By Geography (United States and Canada).

Get more insights: https://www.mordorintelligence.com/industry-reports/travel-retail-market-in-north-america?utm_source=openpr

MEA Travel Retail Market: The Middle East And Africa Travel Retail Market report segments the industry into Product Type (Fashion And Accessories, Jewellery And Watches, Wine And Spirits, Food And Confectionary, Fragnances And Cosmetics, Tobacco, Others (Stationery, Electronics, etc.)), Distribution Channel (Airports, Airlines, Ferries, Others (Railway Stations, Border, Downtown)) and Geography (United Arab Emirates, Saudi Arabia, South Africa, and more).

Get more insights: https://www.mordorintelligence.com/industry-reports/middle-east-and-africa-travel-retail-market?utm_source=openpr

China Travel Retail Market: The China Travel Retail Market report segments the industry into By Product Type (Fashion And Accessories, Jewelry And Watches, Wine & Spirits, Food & Confectionery, Fragrances And Cosmetics, Tobacco, Others) and By Distribution Channel (Airports, Railway Stations, Others).

Get more insights: https://www.mordorintelligence.com/industry-reports/china-travel-retail-market?utm_source=openpr

Europe Travel Retail Market: The Europe Travel Retail Market is Segmented by Retail Activity Type (Fragrances and Cosmetics, Fashion and Accessories, Jewellery and Watches, and More), by Distribution Channel (Airport, Airline, Ferries and Cruise Lines, Land-Border Shops, Downtown Duty-Free), by Country (United Kingdom, Germany, France, Andmore).

Get more insights: https://www.mordorintelligence.com/industry-reports/europe-travel-retail-market?utm_source=openpr

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana - 500032, India

About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.