Duty Free Retailing Market Scope And Analysis

Report Code : TIPRE00008786
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Duty Free Retailing Market Scope and Analysis Report by 2031

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Duty Free Retailing Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 41.25 billion
Market Size by 2031	US$ 86.32 billion
Global CAGR (2023 - 2031)	9.67%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Product Type Cosmetics and Personal Care Products Alcohol Wine and Spirits Tobacco and Cigarettes Fashion Confectionery and Food Stuff By Application Airports On-board Aircraft Seaports
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Aer Rianta International ARI China Duty Free Group Co Ltd Dubai Duty Free Duty Free Americas Gebr Heinemann King Power International Group Lotte Duty Free Shinsegae Duty Free The Shilla Duty Free LVMH

Duty Free Retailing Market News and Recent Developments

The duty free retailing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In March 2024, - Mumbai Travel Retail Private Limited (MTRPL) announced its rebranding to OSPREE. The new brand identity ‘Ospree’ serves as MTRPL’s strategy to integrate all its duty-free holdings, including Mumbai, Amritsar, Lucknow, Thiruvananthapuram, Jaipur, Ahmedabad, and Mangalore,

(Source: Mumbai Travel Retail Private Limited, Press Release, 2024)

In January 2024, Mumbai Duty Free announced a Nappa Dori store in departures at Chhatrapati Shivaji Maharaj International Airport, marking the brand’s entry into the travel retail sector. Nappa Dori, which translates to leather and thread, is an Indian-origin brand celebrated for its handcrafted leather goods and accessories.

(Source: Mumbai Duty Free, Press Release, 2024)

Duty Free Retailing Market Report Coverage and Deliverables

The "Duty Free Retailing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles