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PUBLISHER: IMARC | PRODUCT CODE: 1722568
PUBLISHER: IMARC | PRODUCT CODE: 1722568
Travel Retail Market Report by Product Type, Sector, Distribution Channel, and Region 2025-2033
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PAGES: 144 Pages
DELIVERY TIME: 2-3 business days
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The global travel retail market size reached USD 65.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 112.5 Billion by 2033, exhibiting a growth rate (CAGR) of 6.29% during 2025-2033. An increased demand among customers to acquire luxurious things while traveling is stimulating the market.
Travel retail refers to the sale of goods and services to international travelers during transit. The trade is usually conducted in travel environments, such as airports or seaports, where the buyer must present proof of nationality or travel to access the commercial area. The retail shops accept payments inclusive of local and national taxes and excise duties. Travel retail is also available at hotels, border ships, international aircrafts, ferries, cruises and other marine vessels on international waters. Some of the products commonly available through travel retail include beauty and personal care products, perfumes, premium alcohols, tobacco, food and beverages, fashion accessories and electronics.
Travel Retail Market Trends:
Significant growth in the travel and tourism industry across the globe is among the key factors creating a positive outlook for the market. Travel retail and duty-free stores are one of the major sources of non-aeronautical revenue for airports as there is an increasing preference among consumers to purchase premium and luxurious products while travelling. In line with this, the rising inclination for premium wines and spirits among international travelers is also providing a thrust to the market growth. Moreover, the advent of e-commerce travel retailing solutions is also favoring the growth of the market. Retailers are widely offering their products through websites and smartphone applications, enabling the consumers to pre-order products and conveniently collect them on arrival. Additionally, various technological advancements, such as the launch of touch screen and interactive retail kiosks, are acting as other growth-inducing factors. These self-service kiosks can engage with the passengers and provide a seamless ordering and payment solution. Other factors, including the increasing expenditure capacities of the consumers, along with the implementation of favorable government policies to promote international tourism, especially in the developing economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
Breakup by Product Type:
- Perfume and Cosmetics
- Wine and Spirit
- Electronics
- Luxury Goods
- Food, Confectionery and Catering
- Tobacco
- Others
Breakup by Sector:
- Duty-Free
- Duty Paid
Breakup by Distribution Channel:
- Airports
- Cruise Liner
- Railway Station
- Border, Downtown and Hotel Shop
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardere S.A, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moet Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.).
Key Questions Answered in This Report
- 1.What was the size of the global travel retail market in 2024?
- 2.What is the expected growth rate of the global travel retail market during 2025-2033?
- 3.What are the key factors driving the global travel retail market?
- 4.What has been the impact of COVID-19 on the global travel retail market growth?
- 5.What is the breakup of the global travel retail market based on the product type?
- 6.What is the breakup of the global travel retail market based on the sector?
- 7.What is the breakup of the global travel retail market based on distribution channel?
- 8.What are the key regions in the global travel retail market?
- 9.Who are the key players/companies in the global travel retail market?
Product Code: SR112025A5653
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Travel Retail Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Perfume and Cosmetics
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wine and Spirit
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Electronics
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Luxury Goods
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Food, Confectionery and Catering
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Tobacco
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Sector
- 7.1 Duty-Free
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Duty Paid
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Airports
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cruise Liner
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Railway Station
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Border, Downtown and Hotel Shop
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aer Rianta International
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 China Duty Free Group Co. Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Dufry AG
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Duty Free Americas Inc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Gebr. Heinemann SE & Co. KG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 KING POWER International
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Lagardere S.A
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Lotte Hotels & Resorts (Lotte Corporation)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 LVMH Moet Hennessy Louis Vuitton
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 The Shilla Duty Free (Hotel Shilla Co. Ltd.)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.1 Aer Rianta International
Product Code: SR112025A5653
List of Figures
- Figure 1: Global: Travel Retail Market: Major Drivers and Challenges
- Figure 2: Global: Travel Retail Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Travel Retail Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Travel Retail Market: Breakup by Product Type (in %), 2024
- Figure 5: Global: Travel Retail Market: Breakup by Sector (in %), 2024
- Figure 6: Global: Travel Retail Market: Breakup by Distribution Channel (in %), 2024
- Figure 7: Global: Travel Retail Market: Breakup by Region (in %), 2024
- Figure 8: Global: Travel Retail (Perfume and Cosmetics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Travel Retail (Perfume and Cosmetics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Travel Retail (Wine and Spirit) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Travel Retail (Wine and Spirit) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Travel Retail (Electronics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Travel Retail (Electronics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Travel Retail (Luxury Goods) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Travel Retail (Luxury Goods) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Travel Retail (Food, Confectionery and Catering) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Travel Retail (Food, Confectionery and Catering) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Travel Retail (Tobacco) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Travel Retail (Tobacco) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Travel Retail (Other Product Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Travel Retail (Other Product Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Travel Retail (Duty-Free) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Travel Retail (Duty-Free) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Travel Retail (Duty Paid) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Travel Retail (Duty Paid) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Travel Retail (Airports) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Travel Retail (Airports) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Travel Retail (Cruise Liner) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Travel Retail (Cruise Liner) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Travel Retail (Railway Station) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Travel Retail (Railway Station) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Travel Retail (Border, Downtown and Hotel Shop) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Travel Retail (Border, Downtown and Hotel Shop) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: North America: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: North America: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: United States: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: United States: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Canada: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Canada: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Asia-Pacific: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Asia-Pacific: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: China: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: China: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Japan: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Japan: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: India: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: India: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: South Korea: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: South Korea: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Australia: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Australia: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Indonesia: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Indonesia: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Others: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Others: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Europe: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Europe: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Germany: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Germany: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: France: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: France: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: United Kingdom: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: United Kingdom: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Italy: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Italy: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Spain: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Spain: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Russia: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Russia: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Others: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Others: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Latin America: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Latin America: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Brazil: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Brazil: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Mexico: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Mexico: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Others: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Others: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Middle East and Africa: Travel Retail Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Middle East and Africa: Travel Retail Market: Breakup by Country (in %), 2024
- Figure 82: Middle East and Africa: Travel Retail Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Global: Travel Retail Industry: SWOT Analysis
- Figure 84: Global: Travel Retail Industry: Value Chain Analysis
- Figure 85: Global: Travel Retail Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Travel Retail Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Travel Retail Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Global: Travel Retail Market Forecast: Breakup by Sector (in Million USD), 2025-2033
- Table 4: Global: Travel Retail Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 5: Global: Travel Retail Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Travel Retail Market: Competitive Structure
- Table 7: Global: Travel Retail Market: Key Players
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