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Mar, 01 2022

Global Travel Beauty Retail Market is Expected to Grow at 5.2% CAGR in the Forecast Period of 2022 to 2029

The Global Travel Beauty Retail Market is forecast to grow at 5.2% CAGR with factors such as an increase in the number of millennials in the market.

The global travel beauty retail market has shown an exceptional penetration in Asia-Pacific due to the rising popularity of travel and tourism and the growing number of retail stores offering duty-free products in the market.

Europe Silicon Carbide Scenario

According to Data Bridge Market Research, the global travel beauty retail market in Asia-Pacific has the highest market share, followed by Europe. The market leader is DUFRY which accounts for an estimated market share of approximately 13.63% in the global travel beauty retail market.

For instance,

  • In August 2021, DUFRY has successfully extended its contract to operate the tax and duty-free store at Cardiff Airport in Wales for a period of 12 years, following a successful partnership for the past 20 years. The partnership has helped the company in revenue and created a sense of assurance in the end users

Travel Beauty Retail MarketTrends Impacting the Market

Now the question is which other regions DUFRY, LOTTE DUTY FREE, THE SHILLA duty free are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacific travel beauty retail market, and the market leaders are targeting China and Japan to be their next revenue pockets for 2022.

The global travel beauty retail market is becoming more competitive every year with companies such as DUFRY, LOTTE DUTY FREE, THE SHILLA duty free as they are the market leaders for travel retail. The data bridge market research new reports highlight the major growth factors and opportunities in the travel Market.

For more analysis on the global travel beauty retail market:

Global Travel Beauty Retail Market Development

  • In January 2021, Lagardère Travel Retail announced the opening of three Aelia Duty Free stores at Jorge-Chávez international airport in Lima, Peru, with a profit-sharing agreement concluded with Lima Airport Partners (LAP) last year. These openings mark the beginning of the Group’s operations in Latin America, which will help serve a wider consumer base

Scope of the Global Travel Beauty Retail Market

All country-based analysis of the global travel beauty retail market is further analyzed based on further segmentation. The global travel beauty retail market is segmented into two notable segments based on product, and distribution channel.

  • On the basis of product, the global travel beauty retail market is segmented into skin care, fragrances, make-up, hair care, and others. On the basis of by distribution channel, the global travel beauty retail market is segmented into airports, airlines, ferries, and other channels.

To know more about the study:

Key Pointers Covered in Global Travel Beauty Retail Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competitiveness

Key Market Competitors Covered in the Report

  • KING POWER International
  • Dubai Duty Free
  • Duty Free Americas, Inc
  • Aer Rianta International
  • China Duty Free Group Co., Ltd.
  • DFS Group Ltd
  • Lagardère Travel Retail
  • THE SHILLA duty free
  • Gebr. Heinemann SE & Co. KG
  • Sky Connection Limited
  • Shiseido Company, Limited

Above are the key players covered in the report, to know about more an exhaustive list of travel beauty retail companies, contact us

Research Methodology: Global Travel Beauty Retail Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Retail Outlet Companies
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.

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