Global Travel Retail Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast

  • 5/31/2023
  • 260
  • Retails & Consumer
Market Overview
The global Travel Retail market size was valued at USD 66,800 million in 2022 and is projected to reach USD 71,200 million by 2033, growing at a CAGR of 7.0% during the forecast period.

Report Scope

Report Attributes


Market Forecast in 2022

USD 66,800 million

Market Forecast in 2033

USD 71,200 million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more

Key Companies

Dufry; Lotte Duty Free; Lagardère Travel Retail; DFS Group; Heinemann; Shilla Duty Free

Global Travel Retail Market- Description
The travel retail market, also known as duty-free retail or airport retail, refers to the sale of goods to international travelers at designated locations such as airports, cruise ships, border shops, and downtown duty-free stores. These retail outlets offer a wide range of products, including cosmetics, fragrances, alcohol, tobacco, fashion and accessories, electronics, and luxury goods. Travel retail provides a unique shopping experience for travelers who can enjoy tax-free prices and exclusive products not available in regular stores. The global travel industry has experienced significant growth in recent years, with increasing numbers of international travelers. This rise in passenger traffic has contributed to the expansion of the travel retail market. The digital revolution has had a profound impact on the travel retail industry. Retailers have embraced e-commerce platforms, mobile apps, and digital marketing strategies to enhance the shopping experience for travelers. Online pre-ordering and click-and-collect services have become popular, allowing customers to conveniently purchase products in advance and collect them at the airport.
Travel retailers are focusing on personalized experiences to engage customers and build loyalty. They leverage customer data and technologies like artificial intelligence to offer tailored recommendations, promotions, and exclusive offers. Interactive digital displays and virtual reality experiences are also being used to enhance customer engagement. Travel retail is shifting towards creating memorable experiences for travelers. Retailers are investing in unique store designs, immersive environments, and engaging activations. Some airports have introduced art installations, spas, and entertainment zones to provide a more enjoyable and entertaining shopping atmosphere.

Global Travel Retail market: Key Trends
• Sustainability and social responsibility
Travel retailers are increasingly conscious of environmental and social issues. They are incorporating sustainable practices, such as reducing plastic packaging, offering eco-friendly products, and supporting local communities. Travelers are showing a growing preference for environmentally responsible brands, which has led to the rise of sustainable travel retail initiatives.

• Expansion into emerging markets
As travel becomes more accessible, emerging markets are experiencing a surge in outbound tourism. This has led to the expansion of travel retail in regions like Asia-Pacific, the Middle East, and Latin America. Airports in these regions are investing in infrastructure and retail spaces to accommodate the growing demand.

Global Travel Retail market: Segmental Analysis
• Perfume & Cosmetics
• Confectionery & Fine Food
• Wine & Spirit
• Fashion & Accessories
• Electronics
• Tobacco
• Others

• Airports
• Cruise Lines
• Border, Down Town & Hotel Shops
• Railway Stations & Others

Global Travel Retail market: Geographical landscape
The Travel Retail market is expanding globally, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has a significant travel retail market, with major airports in the United States and Canada serving as key shopping hubs. The region benefits from a large number of international tourists, domestic travelers, and business travelers. The United States is a major contributor to the market, driven by its strong economy and high passenger traffic. Duty-free shopping and luxury brands are popular among travelers in North America.
Europe has a well-developed and diverse travel retail market, with key players operating in major airports across the continent. Airports in countries like the United Kingdom, France, Germany, and Spain attract a significant number of international travelers. The region's market is characterized by a mix of luxury brands, fashion outlets, and duty-free stores. Tax-free shopping is a major draw for travelers in Europe.
The Asia Pacific region has experienced significant growth in the travel retail market in recent years. Airports in countries like China, Japan, South Korea, and Singapore have become major shopping destinations for both domestic and international travelers. The rise of middle-class consumers and increasing outbound tourism from countries like China contribute to the market growth. Luxury goods, cosmetics, and electronics are popular categories among travelers in Asia Pacific.

Global Travel Retail Market- Recent Developments
• In 2023, Ritter Sport plans to introduce a Winter Selection Tower 5x100g specifically for global travel retail markets starting in August 2023. Drawing inspiration from the popular Scandinavian Hygge lifestyle trend, this product is exclusively available in travel retail channels. It consists of five 100g bars of chocolate that aim to evoke a cozy winter atmosphere. These bars are made with cocoa sourced from 100% sustainable certified cocoa farms.

Global Travel Retail Market: Key Companies
• Dufry
• Lotte Duty Free
• Lagardère Travel Retail
• DFS Group
• Heinemann
• Shilla Duty Free
• Others

Global Travel Retail Market: Regional Scope
North America
• U.S.
• Canada
• Mexico

• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

South America
• Brazil
• Argentina
• Rest of South America

Middle East and Africa
• Saudi Arabia
• Egypt
• South Africa
• Rest of Middle East and Africa

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

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