The Travel Retail Market was valued at USD 52.5 Bn in 2021. The market is projected to grow USD 102.1 Bn in 2030, at a CAGR of 8.1%. Travel retail is providing services to customers while they are travelling. In recent years, a number of retailers and businesses have been utilizing travel retail to strengthen their brands by focusing on a specific clientele. One of the business segments with the highest growth rates is the duty-free sector, which includes places like airports, cruise ships, airlines, and downtown areas.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The Travel Retail Market report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Travel Retail Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research.
The report provides a comprehensive analysis of company profiles listed below:
Lagardere Travel Retail (Lagardere Group)
DFS Group Ltd.
Dufry AG
Duty Free Americas, Inc
King Power International Group
Aer Rianta International
The Nuance Group AG
Lotte Duty-Free (Lotte Hotel)
Gebr. Heinemann SE & Co. KG
China Duty Free Group Co.,Ltd.
Type Analysis of World Wide Travel Retail Market:
Cosmetics
Wine & Spirits
Confectionery
Tobacco Products
Fashion & Accessories
Others
Segmentation of global Travel Retail Market by Application:
Airports
Cruise Liners
Railway Stations
Border Downtown & Hotel Shops
Global Travel Retail Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Travel Retail market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and carters, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
The report helps in providing a wider introduction to the market and also helps in dealing with the detailed methodology of research for the calculation of the size and forecasts of the market. The sources of secondary data are used and the primary inputs are taken for the validation of data. This section also helps in the outlines the several segments that have also been covered as being a part of the report. Additionally, the Research Methodology reviews tend of providing the calculation for determining the inclinations of the global market.
