Travel Retail Market by Product Type (Cosmetic & Fragrances, Wines & Spirit, Confectionery & Fine Foods, Tobacco Products, Fashion & Accessories, Others), by Sector (Duty Free, Duty Paid), by Sales Channel (Airport & Airline Shops, Seaport & Cruise line Shops, Border Downtown Hotel Shops, Railway Station, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, France, Italy, Spain, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (UAE, South Africa, Rest of Middle East & Africa) Forecast 2024-2032
The Travel Retail Market size was valued at USD 55.74 USD Billion in 2023 and is projected to reach USD 107.59 USD Billion by 2032, exhibiting a CAGR of 9.85 % during the forecast period.Travel retail is a trade that deals with the sale of goods to travelers outside their home countries and is mostly common in free shops which are found in airports, seaports, and border checkpoints. It also serves customers who want tax-free products like perfume, alcohol, and designer clothes. Key applications include improving travel experience and offering choice products. Examples of travel retail outlets include airport duty free shops, airline on-air sales, cruise ship stores, border duty free zones. It has benefits such as massive revenue generation in the travel hubs and brands; moreover, it enables convenience in shopping for the travelers. Such trends include digitalization technologies, customized shopping experiences, sustainable as well as technologies-based purchasing and selling.
Product Type:
This report provides in-depth coverage of:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.85% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.85% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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