Travel Retail Market Revenue, Key Opportunities, Latest Rising Trends, Industry Growth, Future Demand Report 2027


Posted November 25, 2021 by leonfrancis

Travel Retail Market is expected to be growing at a growth rate of 13.95% in the forecast period of 2021 to 2028.

 
Travel Retail Market is expected to be growing at a growth rate of 13.95% in the forecast period of 2021 to 2028. The travel retail market report analyses the growth, which is currently being growing due to the rising popularity of the travel and the tourism industry. Travel retail also called as duty free is a sales procedure comprising of the commercialization of the goods relating to the various product categories. This sales channel comprises of the goods that have not had the taxation, excise applied on their sale price and for sales to customers that are travellers. Travel retail is a retailing channel, providing products to international travelers. It is an important source of income and has several marketing prospects.

Major factors that are expected to boost the growth of the travel retail market in the forecast period are the upsurge in the travel and tourism sector that has increased the demand for apparels, cosmetics, food items, and electronic retail, rise in the urbanization and change in the lifestyle and the growing of the disposable income amongst the middle income groups. Furthermore, the development in the economic conditions, increase in the number of international travellers and the technological advancements are few of the factors further anticipated to propel the growth of the travel retail market in the timeline period. Moreover, the rise in the number of millennial populations, the growing attention on the digitalizing of the retailing procedure and the increase in the demand for retail chains that provide luxury and premium brands of different products are some of the other factors further estimated to cushion the growth of the travel retail market in the coming years. However, the chaotic local markets, the stringent government guidelines and the little consumer interest in shopping at the airports are further projected to impede the growth of the travel retail market in the near future.

Global Travel Retail Market, By Product (Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery and Catering, Tobacco, and Others), Distribution Channel (Airport, Cruise Liner, Railway Station, and Border, Downtown, and Hotel Shop), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. This travel retail market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the travel retail market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Travel Retail Market Scope and Market Size:
The travel retail market is segmented on the basis of product and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product, the travel retail market is segmented into perfume and cosmetics, wine and spirit, electronics, luxury goods, food, confectionery and catering, tobacco, and others.
On the basis of distribution channel, the travel retail market is segmented into airport, cruise liner, railway station, and border, downtown, and hotel shop.

Key Competitors:
The major players covered in the travel retail market report are Aer Rianta International, DFS Group Ltd., KING POWER International, DubaiDutyFree.com, China Duty Free Group Co., Ltd., Gebr. Heinemann SE & Co. KG; Dufry, Duty Free Americas, Inc., Lotte Duty Free, Lagardère Travel Retail, THE SHILLA DUTY FREE, Flemingo, JR/Group, Qatar Duty Free, 3Sixty Duty Free, DFS Group, DUFRY GROUP, Lagardère travel retail, KING POWER International, The Naunace Group, Lagardere Group, DFASS Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Pointers Covered in the Travel Retail Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

MAJOR TOC OF THE REPORT:
Chapter One: Travel Retail Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Travel Retail Market Competition, by Players
Chapter Four: Travel Retail Market Size by Regions
Chapter Five: Travel Retail Market Revenue by Countries
Chapter Six: Travel Retail Market Revenue by Type
Chapter Seven: Travel Retail Market Revenue by Application
Chapter Eight: Travel Retail Market Revenue by Industries
Chapter Nine: Travel Retail Market Revenue by Deployment Model
Chapter Ten: Travel Retail Market Revenue by End User

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Last Updated November 25, 2021