Travel Retail Market Growth: From US$ 64.17 Bn In 2023 To Nearly US$ 118.83 Bn By 2030

Published: 2025-01-01
Views: 20
Author: manasi05
Published in: Business

Unlocking Growth Opportunities in the Travel Retail Market: Emerging Trends and Insights

In today’s fast-paced business environment, staying ahead of the curve is crucial for companies looking to seize growth opportunities. The latest report by Maximize Market Research on the Travel Retail market offers an in-depth analysis of emerging trends, growth drivers, and potential challenges that businesses must navigate to succeed.

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Comprehensive Market Scope:

The report covers critical areas such as portfolio strategies, technology adoption, financial standing, and mergers & acquisitions. It provides a holistic view of the competitive landscape in the Travel Retail market, offering insights into pricing, investments, expansion plans, and the physical presence of key players.

Growth Drivers and Restraints:

Through both SWOT and descriptive analyses, the report delves into the factors driving growth, as well as the challenges that may impact the market’s trajectory. This helps businesses align their strategies with market opportunities while being mindful of potential risks.

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Regional Insights:

The report includes a detailed regional analysis, assessing the market's performance across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Understanding regional dynamics will allow companies to tailor their strategies to different geographical markets.

Travel Retail Market Segments:

by Product

Fashion and accessories
Perfume and cosmetics
Electronics
Food
Confectionery products
Bakery products
Catering
Luxury goods
Watches
Jewelry
Wine & spirits
Tobacco
Others

by Sector

Duty-Free
Duty Paid

by Sales Channel

Airport
Cruise Liner
Railway Station and Border
Downtown and Hotel Shop

By product sector , The perfumes and cosmetics sector accounted for the largest share of revenue in 2023 due to the growth in sales of many personal goods items through many retail stores .​​​​​​ L'Oreal and other cosmetics companies are building new stores in airports around the world . This aspect is expected to further encourage the growth of the segment . Wines and spirits were the second largest sector in 2023 and are forecast for steady growth in the coming years .​ Spirits are among the most commonly purchased products through duty - free shops as they are more affordable there .

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Table of Content: Travel Retail Market

Part 01: Executive Summary

Part 02: Scope of the Travel Retail Market Report

Part 03: Global Travel Retail Market Landscape

Part 04: Global Travel Retail Market Sizing

Part 05: Global Travel Retail Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Competitive Landscape:

The report profiles leading companies in the Travel Retail market, examining their portfolios, growth strategies, and competitive positioning. Companies can use this information to benchmark their own strategies and explore new avenues for expansion.

1. Dufry Group
2.Lotte Duty-Free
3. The Shilla Duty-Free
4. China Duty-Free Group
5. Lagardére Travel Retail
6. DFS Group
7. Gebr Heinemann
8. Shinsegae Duty-Free
9. King Power International Group (Thailand)
10. Ever Rich Duty-Free Shop
11. Dubai Duty-Free
12. Duty-Free Americas
13. Aer Rianta International
14. WHSmith
15. Japan Airport Terminal Co
16. Starboard Cruise Services
17. Flemingo International
18. 3Sixty Duty-Free
19. Hyundai Duty-Free
20. NAA Retailing
21. Qatar Duty-Free
22. Sky Connection
23. Tallink Group
24. King Power Group (Hong Kong)
25. JR/Duty-Free

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