Duty-Free Retailing Market by Product, Type, Location

List of Tables

The Duty-Free Retailing Market is projected to reach USD 96.92 billion by 2030 from USD 56.58 billion in 2022, at a CAGR of 6.96% during the forecast period.

Global Duty-Free Retailing Market

KEY MARKET STATISTICS
Base Year [2022]	USD 56.58 billion
Estimated Year [2023]	USD 60.16 billion
Forecast Year [2030]	USD 96.92 billion
CAGR (%)	6.96%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Duty-Free Retailing Market.

Based on Product, market is studied across Electronics, Fashion & Accessories, Food & Confectionery, Hard Luxury Goods, Liquor & Tobacco, and Perfumes & Cosmetics. The Perfumes & Cosmetics commanded largest market share of 20.22% in 2022, followed by Liquor & Tobacco.

Based on Type, market is studied across Department Store, Direct Retailer, Specialty Retailer, and Supermarkets. The Specialty Retailer commanded largest market share of 32.78% in 2022, followed by Supermarkets.

Based on Location, market is studied across Cross-border Shops, International Airports, Passenger Ships, Sea Ports, and Train Stations. The International Airports commanded largest market share of 51.89% in 2022, followed by Sea Ports.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.79% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Duty-Free Retailing Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Duty-Free Retailing Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Duty-Free Retailing Market, highlighting leading vendors and their innovative profiles. These include 3Sixty Duty Free, Adani Digital Labs Private Limited, Aer Rianta International cpt, AirAsia Group, ALFA Brands Inc., Avolta AG, China Duty Free Group Co., Ltd., Dubai Duty Free, Duty Free Americas, Inc., Duty Free International Limited, Ferrero International, Flemingo International Ltd., Gebr. Heinemann SE & Co. KG, Hanwha Corporation, Hyundai Department Store Group Co., Ltd., Inflyter SAS, JDC duty free, King Power Group, Lagardere Travel Retail SAS, Le Bridge Corporation Limited, Lotte Corporation, LVMH Moet Hennessy Louis Vuitton, NAA Retailing Corporation, Przedsiebiorstwo Handlu Zagranicznego Baltona S.A., Qatar Duty Free Company W.L.L., Shilla Travel Retail Pte Ltd., Shinsegae DF by Shinsegae Co., Ltd., The James Richardson Group, Tobacco Plains Duty Free Shop, Unifree, and WH Smith PLC.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Duty-Free Retailing Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Duty-Free Retailing Market?

3. What is the competitive strategic window for identifying opportunities in the Duty-Free Retailing Market?

4. What are the latest technology trends and regulatory frameworks in the Duty-Free Retailing Market?

5. What is the market share of the leading vendors in the Duty-Free Retailing Market?

6. Which modes and strategic moves are suitable for entering the Duty-Free Retailing Market?

Product Code: MRR-437896AA3949

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Duty-Free Retailing Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising number of airline passengers and popularity of international tourism
  - 5.1.1.2. Growing traction for retail chains offering luxury and premium brands
  - 5.1.1.3. Increasing sales promotion at duty-free zones
- 5.1.2. Restraints
  - 5.1.2.1. Strict government regulations and political unrest
- 5.1.3. Opportunities
  - 5.1.3.1. Personalized brand experiences utilizing mobile social communications platform
  - 5.1.3.2. Advanced cross-border mobile payment system and rise of concept stores
- 5.1.4. Challenges
  - 5.1.4.1. Security considerations and competition from downtown retailers
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing customer preferences for electronics due to the availability of the newest models and international warranty services
- 5.2.2. Type: Rising inclination towards departmental stores as a one-stop shop for travelers looking to make multiple purchases efficiently
- 5.2.3. Location: Significant demand for products ranging from luxury goods to confectionaries at the international airport
5.3. Market Trend Analysis
- 5.3.1. Expanding operations of retail duty-free retailing stores with government initiatives to boost the scope of duty-free retailing in Americas
- 5.3.2. Expanding tourism sector with rising availability of duty-free retailing services in the Asia-Pacific region
- 5.3.3. Growing government investments in the duty-free retailing sector with increasing product innovations in EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
- 5.10.1. Ongoing premiumization trends in global travel retail (GTR)
- 5.10.2. Introduction of virtual expos and immersive technologies in duty-free retailing
- 5.10.3. Changing landscape of duty-free retailing with morphing generational perspectives

6. Duty-Free Retailing Market, by Product

6.1. Introduction
6.2. Electronics
6.3. Fashion & Accessories
6.4. Food & Confectionery
6.5. Hard Luxury Goods
6.6. Liquor & Tobacco
6.7. Perfumes & Cosmetics

7. Duty-Free Retailing Market, by Type

7.1. Introduction
7.2. Department Store
7.3. Direct Retailer
7.4. Specialty Retailer
7.5. Supermarkets

8. Duty-Free Retailing Market, by Location

8.1. Introduction
8.2. Cross-border Shops
8.3. International Airports
8.4. Passenger Ships
8.5. Sea Ports
8.6. Train Stations

9. Americas Duty-Free Retailing Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Duty-Free Retailing Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Duty-Free Retailing Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Altavia Extends Asian Travel Retail and Luxury Footprint with Sina Retail Acquisition
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Unifree Duty Free Launches Self-Checkout Kiosks in its Stores
  - 12.3.2.2. Shilla inks Changi Deal Extending Duty Free Contract to March 2028
  - 12.3.2.3. Visa and Duty Free Americas Partner to Provide Exclusive Benefits to Travelers
  - 12.3.2.4. Toys"R"Us Takes Flight: WHP Global and Duty Free Americas Partner to Open First Toys"R"Us Airport Store
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Digital Innovation Shapes a New Shopping Experience at Cyprus Duty Free
- 12.3.4. Investment & Funding
  - 12.3.4.1. ATU invests EUR 1 Million in Expanded Luxury Square Fashion Concept at Istanbul
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Shinsegae Duty Free Opens Chanel Mega Beauty Podium at Incheon Airport
  - 12.3.5.2. LVMH's Duty-Free Unit Bets on China Luxury Hub With Mega Mall
  - 12.3.5.3. ATU Duty Free Reveals Eye-Catching Retail Expansion at Tbilisi Airport

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. 3Sixty Duty Free
- 13.1.2. Adani Digital Labs Private Limited
- 13.1.3. Aer Rianta International cpt
- 13.1.4. AirAsia Group
- 13.1.5. ALFA Brands Inc.
- 13.1.6. Avolta AG
- 13.1.7. China Duty Free Group Co., Ltd.
- 13.1.8. Dubai Duty Free
- 13.1.9. Duty Free Americas, Inc.
- 13.1.10. Duty Free International Limited
- 13.1.11. Ferrero International
- 13.1.12. Flemingo International Ltd.
- 13.1.13. Gebr. Heinemann SE & Co. KG
- 13.1.14. Hanwha Corporation
- 13.1.15. Hyundai Department Store Group Co., Ltd.
- 13.1.16. Inflyter SAS
- 13.1.17. JDC duty free
- 13.1.18. King Power Group
- 13.1.19. Lagardere Travel Retail SAS
- 13.1.20. Le Bridge Corporation Limited
- 13.1.21. Lotte Corporation
- 13.1.22. LVMH Moet Hennessy Louis Vuitton
- 13.1.23. NAA Retailing Corporation
- 13.1.24. Przedsiebiorstwo Handlu Zagranicznego Baltona S.A.
- 13.1.25. Qatar Duty Free Company W.L.L.
- 13.1.26. Shilla Travel Retail Pte Ltd.
- 13.1.27. Shinsegae DF by Shinsegae Co., Ltd.
- 13.1.28. The James Richardson Group
- 13.1.29. Tobacco Plains Duty Free Shop
- 13.1.30. Unifree
- 13.1.31. WH Smith PLC
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing