[Market Report] Global Duty-Free and Travel Retail Market
Report ID: AA1123872
The global duty-free and travel retail market is soaring, expected to reach 343.7 billion USD by 2031.
The global duty-free and travel retail market has made remarkable progress, achieving approximately 49.6 billion USD in sales in 2022. Industry experts predict that this rapid growth will continue at an astonishing pace of a 24% compound annual growth rate (CAGR) during the forecast period from 2023 to 2031. By 2031, the global market for duty-free shops and travel retail is expected to reach an estimated 343.7 billion USD, driven by various factors such as the revival of travel and the evolution of consumer preferences. The global duty-free and travel retail market is undergoing a transformation, evolving from traditional duty-free shops to experiential shopping destinations. Travelers are seeking memorable and enjoyable retail experiences, and companies in the industry are actively adapting to meet these expectations. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global duty-free and travel retail market is classified based on product type, distribution channel, and region. By Product Type Fashion and Accessories Jewelry and Watches Wine and Spirits Food and Confectionery Perfumes and Cosmetics Tobacco Others By Distribution Channel Airports Airlines Ferries Others Key Companies: Dufry Lotte Duty-Free Lagardere Travel Retail DFS Group The Shilla Duty Free Gebr. Heinemann King Power International Group China Duty Free Group Ever Rich Duty Free Dubai Duty Free Duty Free Americas Sinsegae Duty Free Aer Rianta International WHSmith
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