Duty Free & Travel Retail Market
Duty Free & Travel Retail Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Duty Free & Travel Retail Market Size and Growth
The Duty Free & Travel Retail market is experiencing significant growth, driven by increasing international travel and consumer spending. As of 2023, the market size is estimated at approximately $85 billion, with a projected CAGR of 10% over the next five years, reflecting evolving consumer preferences and expanding airport retail environments.
Companies Covered (Covid 19 Impact Covered)
◍ Dufry
◍ Duty Free Americas
◍ LVMH
◍ Lagardère Travel Retail
◍ Dubai Duty Free
◍ Lotte Duty Free
◍ JR/Group (James Richardson)
◍ China Duty Free Group
◍ Aer Rianta International
◍ Gebr. Heinemann
◍ King Power
◍ The Shilla Duty Free
The Duty Free & Travel Retail Market features major players like Dufry, Duty Free Americas, and LVMH, driving growth through premium product offerings and strategic partnerships. Companies leverage airport locations and e-commerce to enhance customer experiences. Revenue highlights include Dufry: ~$4.5 billion, China Duty Free Group: ~$3 billion, Lagardère: ~$1.6 billion. Request Sample Report
Market Segmentation
By Application
By Product
◍ Perfumes
Cosmetics
Seaports ◍ Train Stations ◍ Others
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Alcohol
Others ◍ Airports ◍ Onboard Aircraft
Cigarettes
Market Growth
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$ X Billion USD
