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Duty Free Retailing-Global Market Insights and Sales Trends 2024
Synopsis
This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
The global Duty Free Retailing market size is expected to reach US$ 207630 million by 2029, growing at a CAGR of 15.9% from 2023 to 2029. The market is mainly driven by the significant applications of Duty Free Retailing in various end use industries. The expanding demands from the Airports, Onboard Aircraft, Seaports and Train Stations, are propelling Duty Free Retailing market. Cosmetics & Personal Care Products, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Alcohol, Wine and Spirits segment is estimated at % CAGR for the next seven-year period.
APAC is the largest market with about 61% market share. Europe is follower, accounting for about 18% market share.
The key players are Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty Free etc. Top 3 companies occupied about 35% market share.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Duty Free Retailing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Duty Free Retailing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Duty Free Retailing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Duty Free Retailing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Duty Free Retailing covered in this report include Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas and Gebr. Heinemann, etc.
The global Duty Free Retailing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free
Global Duty Free Retailing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Duty Free Retailing market, Segment by Type:
Cosmetics & Personal Care Products
Alcohol, Wine and Spirits
Tobacco & Cigarettes
Fashion & Luxury Goods
Confectionery & Food Stuff
Others
Global Duty Free Retailing market, by Application
Airports
Onboard Aircraft
Seaports
Train Stations
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Duty Free Retailing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
The global Duty Free Retailing market size is expected to reach US$ 207630 million by 2029, growing at a CAGR of 15.9% from 2023 to 2029. The market is mainly driven by the significant applications of Duty Free Retailing in various end use industries. The expanding demands from the Airports, Onboard Aircraft, Seaports and Train Stations, are propelling Duty Free Retailing market. Cosmetics & Personal Care Products, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Alcohol, Wine and Spirits segment is estimated at % CAGR for the next seven-year period.
APAC is the largest market with about 61% market share. Europe is follower, accounting for about 18% market share.
The key players are Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty Free etc. Top 3 companies occupied about 35% market share.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Duty Free Retailing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Duty Free Retailing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Duty Free Retailing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Duty Free Retailing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Duty Free Retailing covered in this report include Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas and Gebr. Heinemann, etc.
The global Duty Free Retailing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free
Global Duty Free Retailing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Duty Free Retailing market, Segment by Type:
Cosmetics & Personal Care Products
Alcohol, Wine and Spirits
Tobacco & Cigarettes
Fashion & Luxury Goods
Confectionery & Food Stuff
Others
Global Duty Free Retailing market, by Application
Airports
Onboard Aircraft
Seaports
Train Stations
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Duty Free Retailing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Duty Free Retailing
1.1 Duty Free Retailing Market Overview
1.1.1 Duty Free Retailing Product Scope
1.1.2 Duty Free Retailing Market Status and Outlook
1.2 Global Duty Free Retailing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Duty Free Retailing Market Size by Region (2018-2029)
1.4 Global Duty Free Retailing Historic Market Size by Region (2018-2023)
1.5 Global Duty Free Retailing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Duty Free Retailing Market Size (2018-2029)
1.6.1 North America Duty Free Retailing Market Size (2018-2029)
1.6.2 Europe Duty Free Retailing Market Size (2018-2029)
1.6.3 Asia-Pacific Duty Free Retailing Market Size (2018-2029)
1.6.4 Latin America Duty Free Retailing Market Size (2018-2029)
1.6.5 Middle East & Africa Duty Free Retailing Market Size (2018-2029)
2 Duty Free Retailing Market by Type
2.1 Introduction
2.1.1 Cosmetics & Personal Care Products
2.1.2 Alcohol, Wine and Spirits
2.1.3 Tobacco & Cigarettes
2.1.4 Fashion & Luxury Goods
2.1.5 Confectionery & Food Stuff
2.1.6 Others
2.2 Global Duty Free Retailing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Duty Free Retailing Historic Market Size by Type (2018-2023)
2.2.2 Global Duty Free Retailing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Duty Free Retailing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Duty Free Retailing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Duty Free Retailing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Duty Free Retailing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Duty Free Retailing Revenue Breakdown by Type (2018-2029)
3 Duty Free Retailing Market Overview by Application
3.1 Introduction
3.1.1 Airports
3.1.2 Onboard Aircraft
3.1.3 Seaports
3.1.4 Train Stations
3.1.5 Others
3.2 Global Duty Free Retailing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Duty Free Retailing Historic Market Size by Application (2018-2023)
3.2.2 Global Duty Free Retailing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Duty Free Retailing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Duty Free Retailing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Duty Free Retailing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Duty Free Retailing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Duty Free Retailing Revenue Breakdown by Application (2018-2029)
4 Duty Free Retailing Competition Analysis by Players
4.1 Global Duty Free Retailing Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Duty Free Retailing as of 2022)
4.3 Date of Key Players Enter into Duty Free Retailing Market
4.4 Global Top Players Duty Free Retailing Headquarters and Area Served
4.5 Key Players Duty Free Retailing Product Solution and Service
4.6 Competitive Status
4.6.1 Duty Free Retailing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Dufry
5.1.1 Dufry Profile
5.1.2 Dufry Main Business
5.1.3 Dufry Duty Free Retailing Products, Services and Solutions
5.1.4 Dufry Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.1.5 Dufry Recent Developments
5.2 Lagardère Travel Retail
5.2.1 Lagardère Travel Retail Profile
5.2.2 Lagardère Travel Retail Main Business
5.2.3 Lagardère Travel Retail Duty Free Retailing Products, Services and Solutions
5.2.4 Lagardère Travel Retail Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.2.5 Lagardère Travel Retail Recent Developments
5.3 Lotte Duty Free
5.3.1 Lotte Duty Free Profile
5.3.2 Lotte Duty Free Main Business
5.3.3 Lotte Duty Free Duty Free Retailing Products, Services and Solutions
5.3.4 Lotte Duty Free Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.3.5 LVMH Recent Developments
5.4 LVMH
5.4.1 LVMH Profile
5.4.2 LVMH Main Business
5.4.3 LVMH Duty Free Retailing Products, Services and Solutions
5.4.4 LVMH Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.4.5 LVMH Recent Developments
5.5 Aer Rianta International (ARI)
5.5.1 Aer Rianta International (ARI) Profile
5.5.2 Aer Rianta International (ARI) Main Business
5.5.3 Aer Rianta International (ARI) Duty Free Retailing Products, Services and Solutions
5.5.4 Aer Rianta International (ARI) Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.5.5 Aer Rianta International (ARI) Recent Developments
5.6 China Duty Free Group
5.6.1 China Duty Free Group Profile
5.6.2 China Duty Free Group Main Business
5.6.3 China Duty Free Group Duty Free Retailing Products, Services and Solutions
5.6.4 China Duty Free Group Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.6.5 China Duty Free Group Recent Developments
5.7 Dubai Duty Free
5.7.1 Dubai Duty Free Profile
5.7.2 Dubai Duty Free Main Business
5.7.3 Dubai Duty Free Duty Free Retailing Products, Services and Solutions
5.7.4 Dubai Duty Free Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.7.5 Dubai Duty Free Recent Developments
5.8 Duty Free Americas
5.8.1 Duty Free Americas Profile
5.8.2 Duty Free Americas Main Business
5.8.3 Duty Free Americas Duty Free Retailing Products, Services and Solutions
5.8.4 Duty Free Americas Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.8.5 Duty Free Americas Recent Developments
5.9 Gebr. Heinemann
5.9.1 Gebr. Heinemann Profile
5.9.2 Gebr. Heinemann Main Business
5.9.3 Gebr. Heinemann Duty Free Retailing Products, Services and Solutions
5.9.4 Gebr. Heinemann Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.9.5 Gebr. Heinemann Recent Developments
5.10 King Power International Group (Thailand)
5.10.1 King Power International Group (Thailand) Profile
5.10.2 King Power International Group (Thailand) Main Business
5.10.3 King Power International Group (Thailand) Duty Free Retailing Products, Services and Solutions
5.10.4 King Power International Group (Thailand) Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.10.5 King Power International Group (Thailand) Recent Developments
5.11 The Shilla Duty Free
5.11.1 The Shilla Duty Free Profile
5.11.2 The Shilla Duty Free Main Business
5.11.3 The Shilla Duty Free Duty Free Retailing Products, Services and Solutions
5.11.4 The Shilla Duty Free Duty Free Retailing Revenue (US$ Million) & (2018-2023)
5.11.5 The Shilla Duty Free Recent Developments
6 North America
6.1 North America Duty Free Retailing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Duty Free Retailing Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Duty Free Retailing Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Duty Free Retailing Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Duty Free Retailing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Duty Free Retailing Market Dynamics
11.1 Duty Free Retailing Industry Trends
11.2 Duty Free Retailing Market Drivers
11.3 Duty Free Retailing Market Challenges
11.4 Duty Free Retailing Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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