Skin Care to Account for 32.98% of Global Travel Beauty Retail Market Share

The travel beauty retail market seeks to enhance customer experience and utilize data to deliver an integrated experience for customers. For instance, the KLIA2 terminal at Kuala Lumpur International Airport includes an integrated big data platform. This technology will extract real-time passenger position throughout the airport for real-time status checks, trip plans, and other purposes.

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Data Bridge Market Research analyses that the travel beauty retail market is expected to grow at a CAGR of 5.2% in the forecast period of 2022 to 2029 and is expected to reach USD 33,450,697.49 thousand by 2029. The need for apparel, cosmetics, culinary items, and electronic retail in the travel retail sector has increased as travel and tourism has grown. Furthermore, rising urbanization and changing lifestyles are likely to drive travel retail market growth over the forecast period. Furthermore, the market's expansion is propelled by increased disposable income among middle-income groups and improved economic conditions.  

Travel Beauty Retail Market

Rising popularity of travel and tourism is expected to drive the market's growth rate during the forecast period.

One of the key elements fueling the expansion of the travel retail sector is the increasing popularity of travel and tourism. Travel retail provides temporary venues that allow end-users to be delighted and indulged with the ambiance and experience of shopping for overseas products following security check-in. The growing emphasis on digitizing the retailing process in order for businesses to optimize revenues may enhance market sales. The rise of the travel beauty retail markets is being aided by increased demand for retail chains that offer luxury and premium brands of various products.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Skin Care, Fragrances, Make-up, Hair Care, and Others), Distribution Channel (Airports, Airlines, Ferries, and Other Channels)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of the Middle East and Africa

Market Players Covered

LOTTE DUTY FREE (South Korea), KING POWER International (Thailand), Dubai Duty Free (Dubai), Duty Free Americas, Inc. (U.S.), Aer Rianta International (Ireland), China Duty Free Group Co., Ltd. (China), DELHI DUTY FREE (India), DFS Group Ltd (Hong Kong), Lagardère Travel Retail (France), THE SHILLA duty free (Soth Korea), Gebr. Heinemann SE & Co. KG (Germany), Sky Connection Limited (Hong Kong), DUFRY (Switzerland), Shiseido Company, Limited. (Japan)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Segment Analysis:

The travel beauty retail market is segmented on the basis of product, and distribution channel.

  • On the basis of product, the global travel beauty retail market is segmented into skin care, hair care, fragrances, make-up and others. In 2022, skin care is expected to dominate the global travel beauty retail market with 32.98% market share due to the increased awareness about skin health among consumers has boosted its demand globally.

In 2022, the skin care segment of product segment is anticipated to dominate the travel beauty retail market

In 2022, the skin care segment of this market will dominate the travel beauty retail market owing to the due to the increased awareness about skin health among consumers has boosted its demand globally. The skin care segment is expected reach the highest CAGR of 6.3% in the forecast period of 2022-2029.

  • On the basis of distribution channel, the global travel beauty retail market is segmented into airports, airlines, ferries, and other channels. In 2022, airports are expected to dominate the global travel beauty retail market with 52.40% market share as consumers prefer airports more than other modes, which boosts their global demand.

In 2022, the airports segment is projected to hold the largest share of distribution channel segment in the travel beauty retail market

In 2022, the airports segment is anticipated to hold the largest share of global travel beauty retail market as consumers prefer airports more than other modes, which boosts their global demand. The airports segment is growing with a CAGR of 5.6% in the forecast period of 2022 to 2029.

Major Players

Data Bridge Market Research recognizes the following companies as the major travel beauty retail market players in travel beauty retail market are KING POWER International (Thailand), Gebr. Heinemann SE & Co. KG (Germany), Dubai Duty Free (Dubai), Shiseido Company, Limited. (Japan), Duty Free Americas, Inc. (U.S.), Aer Rianta International (Ireland).

Travel Beauty Retail Market

Market Development

  • In August 2021, Durfy 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.
  • In January 2021, Lagardère Travel Retail had announced the opening of three Aelia Duty Free stores at Jorge-Chávez international airport in Lima, Peru, along with a profit-sharing agreement concluded with Lima Airport Partners (LAP) last year. These locations signal the start of the Group's operations in Latin America, which will allow it to reach a broader consumer base.
  • In January 2022, Qatar Duty Free has been singled out for the worldwide travel retail launch of Moncler’s first fragrance line. For the month of January, Moncler Pour Femme and Moncler Pour Homme will be available exclusively through the duty-free operator, before being pushed out globally.

Regional Analysis

Geographically, the countries covered in the travel beauty retail market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of the Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in travel beauty retail market during the forecast period 2022 - 2029

Asia-Pacific will continue to dominate the travel beauty retail market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the growing number of domestic and international travelers spend on duty-free products in India, China, and South Korea. The China dominates the Asia-Pacific region due to increased inclination of end-users towards traveling and luxury products in this region.

North America is estimated to be the fastest growing region in travel beauty retail market the forecast period 2022 - 2029

North America region is anticipated to grow at the highest rate during the forecast period of 2022-2029 due to the increasing expenditure on travel as well as tourism in the regions. United States dominates the North America region because of the demand for make-up and hair care products in this region.

COVID-19 Impact Analysis

The unexpected drop in tourism due to the COVID-19 pandemic made the travel beauty shop business hit in 2020. The pandemic has already harmed the tourism industry. Travel restrictions and precautions began in January 2020 all around the world. Because of the fears of getting COVID-19, domestic and international tourists decreased their trip, reducing the quantity of domestic and international clients for this retail channel.

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