Travel Retail Global Market

Global Travel Retail Market Size, Forecasts, And Opportunities – Includes Travel Retail Market Share

Learn about the global travel retail market through The Business Research Company, which provides information on travel retail market size, travel retail market drivers and restraints, travel retail market players, the COVID-19 impact on the travel retail market, and more.


The global travel retail market size is expected to grow from $58.89 billion in 2021 to $68.54 billion in 2022 at a compound annual growth rate (CAGR) of 16.4%. The global travel retailing market size is expected to grow to $111.02 billion in 2026 at a CAGR of 12.8%.


The growing number of international travellers is expected to propel the growth of the travel retail market going forward.


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Travel Retail Global Market
Travel Retail Global Market


The travel retail market consists of sales of travel retail by entities (organizations, sole traders, and partnerships) that refer to the business mainly revolving around airports, airplanes, cruise ships, and downtown duty-free stores. Travel retail products are sold during a travel environment where taxes and duties are payable, even during international travels. It is also referred to as the business of catering to shoppers while they are in transit.


Global Travel Retail Market Segments Include:
By Product Type: Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery, and Catering, Tobacco, Others

By Channel: Airports, Cruise Lines, Border, Down Town and Hotel Shops, Railway Stations, Others

By End-User: Children (less than 18 years old), Youth (18-30 years old), Middle-Aged (30-59 years old), Elder (greater than 60 years old)

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the travel retail market in 2021.


Technological Advancement is a key trend gaining popularity in the travel retail market. Technological advancement is a discovery of knowledge that advances technology. Travel retailers are using data insights such as advanced knowledge about the arrival and destination of the customer, and to cater to specific needs. Staff and retail displays are designed to accommodate incoming passenger language and cultural sensitivity so that the right products are plainly visible to the right customers.


TBRC’s travel retail market report covers:

Major Market Players: Aer Rianta international, China duty free group, Dufry AG, Duty free americas Inc, Gebr. Heinemann se &, King power international, Lotte Hotel, Lagardère sca, The shilla duty free, DFS Group, Flemingo International, The Naunace Group, Dufry, Dubai Duty Free, James Richardson Group, Lotte, and Qatar Duty Free.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)


The Travel Retail Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides travel retail market overviews, analyzes and forecasts market size, share, travel retail market players, travel retail market segments and geographies, leading competitor revenues, profiles and market shares.


TBRC’s travel retail market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


Here Is A List Of Similar Reports From The Business Research Company:

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