Duty Free Retailing Market Share, Size, and Outlook by 2031
Duty Free Retailing Market: Strategic Insights
Duty Free Retailing Market
-
CAGR (2023 - 2031)9.67% -
Market Size 2023
US$ 41.25 billion -
Market Size 2031
US$ 86.32 billion
Market Dynamics
GROWTH DRIVERS
- Increasing Travel and Tourism
FUTURE TRENDS
- Growing Demand for Premium goods
OPPORTUNITIES
- Exemption of Taxes From Luxury Products
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type
- Cosmetics and Personal Care Products
- Alcohol
- Wine and Spirits
- Tobacco and Cigarettes
- Fashion
- Confectionery and Food Stuff
Application
- Airports
- On-board Aircraft
- Seaports