Global Travel Retail Market – Industry Trends and Forecast to 2026

  • FMCG
  • Upcoming Report
  • Jul 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Travel Retail Market By Product Type (Perfume & Cosmetics; Wine & Spirits; Electronics; Fashion & Accessories; Luxury Goods; Food, Confectionaries & Catering; Tobacco; Others); Sales Channel (Airport; Cruise Liner; Railway Station; Border, Downtown & Hotel Shops; Others); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Travel Retail Market

Global travel retail market is expected to rise to an estimated value of USD 146.53 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing availability of these retail shops in the different applications such as hotels, greater exposure in airports and waterways.

Market Definition: Global Travel Retail Market

Travel retail also known as duty free is a sales process consisting of commercialization of goods pertaining to the different product categories. This sales channel consists of goods that have not had the taxation, excise applied on their sale price and for sales to customers that are travellers. The taxation depends on product variation and also on the variety of regions that it is being sold in. The goods available are also limited to a certain quantity per individual.

Market Drivers:

  • Increasing levels of disposable income of individuals resulting in greater population base travelling cross-country and engaged in availing these particular services; this factor is expected to drive the growth of the market
  • Surge in adoption of travel & tourism services is expected to drive the growth of the market
  • Significant rush in the levels of urbanization of the world is expected to augment growth in the market
  • Better facilitation for travelling which is a result of digitalization in airports inducing a rise in the population travelling across different regions is also expected to foster growth of the market

Market Restraints:

  • Concerns regarding the presence of regulations for sales of particular goods only in the airport sales channel is expected to hinder the growth of the market
  • Large costs associated with the operations of these retail shops reducing the profit margins/ratio of sales; this factor is expected to restrain the growth of the market
  • Currency fluctuations, growing corruption and grey market also hampers the market growth

Global Travel Retail Market Segmentation:

By Product Type

  • Perfume & Cosmetics
  • Wine & Spirits
  • Electronics
  • Fashion & Accessories
  • Luxury Goods
  • Food, Confectionaries & Catering
  • Tobacco
  • Others

By Sales Channel

  • Airport
  • Cruise Liner
  • Railway Station
  • Border
  • Downtown
  • Hotel Shops
  • Others   

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • Sweden
    • Poland
    • Denmark
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • New Zealand
    • Vietnam
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • UAE
    • Saudi Arabia
    • Oman
    • Qatar
    • Kuwait
    • South Africa
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In December 2018, Lotte Duty Free announced that they had completed the acquisition of JR/Group’s duty free business for the Oceania region, specifically for the Australia & New Zealand region. The acquisition is a complement to their strategy of establishing themselves as the leader in travel retail for the region in the coming years. The acquisition includes four stores in the Australia region and one store in New Zealand.
  • In November 2018, Lagardère Travel Retail announced that they had completed the acquisition of Hojeij Branded Foods. This acquisition will reportedly expand their capabilities associated with travel retail for the North American region, specifically for the travel foodservice operations. The acquisition was valued at approximately USD 330 million in cash.

Competitive Analysis:

Global travel retail market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of travel retail market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global travel retail market are Aer Rianta International; DFS Group Ltd.; KING POWER International; DubaiDutyFree.com; China Duty Free Group Co.,Ltd.; Gebr. Heinemann SE & Co. KG; Dufry; Duty Free Americas, Inc.; Lotte Duty Free; Lagardère Travel Retail; THE SHILLA DUTY FREE; Flemingo; JR/Group; Qatar Duty Free; 3Sixty Duty Free, among others.

Research Methodology: Global Travel Retail Market

Data collection and base year analysis is 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 enquiry.

The key research methodology used by 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, other 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.

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market drivers and restraints analysis along with the analysis of the market structure


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