Duty Free Retailing Market

1. Duty Free Retailing Market to 2027 Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) The global duty free retailing market revenue from 2019 to 2027. The global duty free retailing market accounted for US$ 77.87 Bn in 2018 and is anticipated to grow at a CAGR of 8.44% to reach US$ 155.30 Bn by 2027.

2. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) Duty-free retailing offers products to international travelers. Thus is a substantial source of income and Duty-free retailing offers products to international travelers. Thus is a substantial source of income and offers numerous marketing opportunities. The growth of the travel & tourism industry is one of the key factors bolstering the growth of the duty-free retailing market. Duty-free retailing offers temporary spaces that provide extra time to travelers after security check-in and enable them to get indulgent with the ambiance as well as the experience of shopping for international duty-free products.

3. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) APAC is estimated to be the largest market for duty-free retailing and is anticipated to witness the highest CAGR during the forecast period. The growth is attributed to the rising number of new air routes as well as the commencement of LCC. Furthermore, the growth of duty-free retailing in APAC is owing to the surging number of Chinese outbound travelers who contribute significantly to the duty-free retailing market revenue. Moreover, steady growth in the middle-class population is another major factor contributing to the market growth in the region. Additionally, the introduction of budget destination travel packages by travel industry players, such as MakeMyTrip, GoIbibo, and Cleartrip, may result in propelling the growth of the market. Product Type Insights The global duty-free retailing market by product type was led by cosmetics and personal care segment. The cosmetics and personal care segment is estimated to surge at a prime growth rate during the forecast period from 2019 – 2027

4. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) Application Insights The global duty-free retailing market by application was led by airport segment. On the other hand, others segment is estimated to surge at a prime growth rate during the forecast period from 2019 – 2027.

5. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) Strategic Insights The market players present in duty free retailing market are mainly focusing on product enhancements by implementing advanced technologies. Few of the recent developments are listed below; 2019: Hyundai Department Store Group took over Doosan Corporation’s Doota Duty Free store as part of a KRW61.9bn conditional acquisition. 2020: Casualfood GmbH, an ORIOR Group subsidiary majorly in high-quality food-to-go outlets, and Gebr. Heinemann SE & Co. KG, a multi-generational family-run duty-free retail and distribution company, teamed up in a joint venture called “Smartseller” catering to small and midsized airports in Europe. 2018: The joint collaboration from Aer Rianta International (ARI) and local Indonesian partner Aura Cantik has completed its opening of the perfumes and cosmetics and fashion categories in the Jakarta Duty Free store in Soekarno-Hatta International Airport.

6. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) • Company Profiles • Aer Rianta International (ARI) • China Duty Free Group Co.,Ltd. • Dubai Duty Free • Duty Free Americas • Gebr. Heinemann • King Power International Group • Lotte Duty Free • Shinsegae Duty Free • The Shilla Duty Free • LVMH

7. Duty Free Retailing Market to 2027 - Global Analysis and Forecasts by Product Type (Cosmetics and Personal Care Products, Alcohol, Wine and Spirits, Tobacco and Cigarettes, Fashion, Confectionery and Food Stuff, Other) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876