The latest research studyTravel Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027by IMARC Group, finds that the the global travel retail market reached a value of US$52.50 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$82.57 billion by 2027, posting a CAGR of 7.60 % in 2022-2027.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Industry definition and application:
Travel retail refers to the sale of products to international travelers during transit. It is organized in travel environments such as airports, seaports, ferries and cruises, where the consumer must present proof of nationality and travel to access the commercial area. It serves as an efficient way for travelers to purchase specialty goods after clearing security checks. Some of the most commonly available products in travel retail include personal care products, luxury goods, perfumes and cosmetics, wine and tobacco, electronics, food and confectionery.
Global Travel Retail Market Trends and Drivers:
The market is mainly driven by the significant growth in the travel and tourism industry, as retail and duty-free stores are one of the main sources of revenue for airports. Additionally, several technological advancements, such as the development of touch screens and interactive retail kiosks that provide passengers with attractive and effortless ordering and payment solutions, represent another major growth driver. In addition, the implementation of favorable government policies to promote international tourism, inflation in consumer income levels and the growing inclination of international travelers towards premium wines and spirits are some of the other factors. which create positive market outlook across the globe.
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Travel retail market Report scope |
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Report cover |
Details |
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Market size value in 2021 |
US$52.50 billion |
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Market forecast in 2027 |
US$82.57 billion |
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Rate of growth |
CAGR of 7.60% from 2022 to 2027 |
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Base year for the estimate |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report cover |
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends |
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Segments Covered |
Product type, sector, distribution channel and region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Profiled Key Companies |
Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardère SA, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moët Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.). |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
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Customization overview |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Report segmentation:
The report has segmented the market into the following categories:
Breakdown by product type:
• Perfumes and Cosmetics
• Wine and Spirits
• Electronic
• Luxury products
• Food, Confectionery and Catering
• the tobacco
• Others
Breakdown by sector:
• Duty free
• Customs cleared
Breakdown by distribution channel:
• Airports
• cruise liner
• Station
• Border, downtown and boutique hotel
By geography:
• North America
oh United States
oh Canada
• Asia Pacific
oh China
oh Japan
oh India
oh South Korea
oh Australia
oh Indonesia
oh Others
• Europe
oh Germany
oh France
oh UK
oh Italy
oh Spain
oh Russia
oh Others
• Latin America
oh Brazil
oh Mexico
oh Others
• Middle East and Africa
List of major key players:
The major market players are Aer Rianta International, China Duty Free Group Co. Ltd., Dufry AG, Duty Free Americas Inc, Gebr. Heinemann SE & Co. KG, KING POWER International, Lagardère SA, Lotte Hotels & Resorts (Lotte Corporation), LVMH Moët Hennessy Louis Vuitton and The Shilla Duty Free (Hotel Shilla Co. Ltd.).
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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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