Report Overview
The Duty-Free and Travel Retail Market comprises retail outlets that are exempt from certain local or national taxes and duties, provided that the goods sold are intended for travelers exiting the country. This market operates primarily in international airports, border crossings, seaports, and onboard airlines, offering a range of products such as luxury goods, tobacco, alcohol, personal care items, and more. The scope of duty-free products varies by jurisdiction, affecting the sales and business operations within the sector.
Market Analysis
The global Duty-Free and Travel Retail market was valued at US$ 68.2 billion in 2024 and is projected to reach US$ 108.5 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period (2024-2032).
The increasing number of international travelers, growth in airport infrastructure, and the rising demand for luxury and premium goods are key factors driving market expansion.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitor Analysis
Dufry
Travel Retail Group
Lagardere
Lotte Duty Free
Gebr. Heinemann
The Shilla Duty Free
Segmentation
