
This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.
However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
Market Analysis and Insights: Global Duty Free Retailing Market
Due to the COVID-19 pandemic, the global Duty Free Retailing market size is estimated to be worth US$ 73060 million in 2022 and is forecast to a readjusted size of US$ 207630 million by 2029 with a CAGR of 15.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Cosmetics & Personal Care Products accounting for % of the Duty Free Retailing global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Airports segment is altered to an % CAGR throughout this forecast period.
APAC is the largest market with about 61% market share. Europe is follower, accounting for about 18% market share.
The key players are Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, King Power International Group (Thailand), The Shilla Duty Free etc. Top 3 companies occupied about 35% market share.
Global Duty Free Retailing Scope and Market Size
The global Duty Free Retailing market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Duty Free Retailing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Cosmetics & Personal Care Products
Alcohol, Wine and Spirits
Tobacco & Cigarettes
Fashion & Luxury Goods
Confectionery & Food Stuff
Others
Segment by Application
Airports
Onboard Aircraft
Seaports
Train Stations
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Duty Free Retailing Market Size by Type (2018 VS 2022 VS 2029)
1.2.2 Cosmetics & Personal Care Products
1.2.3 Alcohol, Wine and Spirits
1.2.4 Tobacco & Cigarettes
1.2.5 Fashion & Luxury Goods
1.2.6 Confectionery & Food Stuff
1.2.7 Others
1.3 Market by Application
1.3.1 Global Duty Free Retailing Market Share by Application (2018 VS 2022 VS 2029)
1.3.2 Airports
1.3.3 Onboard Aircraft
1.3.4 Seaports
1.3.5 Train Stations
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Duty Free Retailing Market Perspective (2018-2029)
2.2 Global Duty Free Retailing Market Size by Region: 2018 VS 2022 VS 2029
2.3 Global Duty Free Retailing Revenue Market Share by Region (2018-2023)
2.4 Global Duty Free Retailing Revenue Forecast by Region (2024-2029)
2.5 Geographic Market Analysis: Market Facts & Figures
2.5.1 United States Duty Free Retailing Estimates and Projections (2018-2029)
2.5.2 Europe Duty Free Retailing Estimates and Projections (2018-2029)
2.5.3 China Duty Free Retailing Estimates and Projections (2018-2029)
2.5.4 Japan Duty Free Retailing Estimates and Projections (2018-2029)
2.5.5 Southeast Asia Duty Free Retailing Estimates and Projections (2018-2029)
2.5.6 India Duty Free Retailing Estimates and Projections (2018-2029)
3 Global Duty Free Retailing Competition Landscape by Players
3.1 Global Top Duty Free Retailing Players by Revenue (2018-2023)
3.1.1 Global Top Duty Free Retailing Players by Revenue (2018-2023)
3.1.2 Global Duty Free Retailing Revenue Market Share by Players (2018-2023)
3.2 Global Duty Free Retailing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Duty Free Retailing Revenue
3.4 Global Duty Free Retailing Market Concentration Ratio
3.4.1 Global Duty Free Retailing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Duty Free Retailing Revenue in 2022
3.5 Duty Free Retailing Key Players Head office and Area Served
3.6 Key Players Duty Free Retailing Product Solution and Service
3.7 Date of Enter into Duty Free Retailing Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Duty Free Retailing Breakdown Data by Type
4.1 Global Duty Free Retailing Historic Market Size by Type (2018-2023)
4.2 Global Duty Free Retailing Forecasted Market Size by Type (2024-2029)
5 Duty Free Retailing Breakdown Data by Application
5.1 Global Duty Free Retailing Historic Market Size by Application (2018-2023)
5.2 Global Duty Free Retailing Forecasted Market Size by Application (2024-2029)
6 United States Duty Free Retailing Market Facts & Figures
6.1 United States Duty Free Retailing Revenue by Company (2018-2023)
6.2 United States Duty Free Retailing Market Size by Type
6.2.1 United States Duty Free Retailing Market Size by Type (2018-2023)
6.2.2 United States Duty Free Retailing Market Size by Type (2024-2029)
6.2.3 United States Duty Free Retailing Market Share by Type (2018-2029)
6.3 United States Duty Free Retailing Market Size by Application
6.3.1 United States Duty Free Retailing Market Size by Application (2018-2023)
6.3.2 United States Duty Free Retailing Market Size by Application (2024-2029)
6.3.3 United States Duty Free Retailing Market Share by Application (2018-2029)
7 Europe Duty Free Retailing Market Facts & Figures
7.1 Europe Duty Free Retailing Revenue by Company (2018-2023)
7.2 Europe Duty Free Retailing Market Size by Type
7.2.1 Europe Duty Free Retailing Market Size by Type (2018-2023)
7.2.2 Europe Duty Free Retailing Market Size by Type (2024-2029)
7.2.3 Europe Duty Free Retailing Market Share by Type (2018-2029)
7.3 Europe Duty Free Retailing Market Size by Application
7.3.1 Europe Duty Free Retailing Market Size by Application (2018-2023)
7.3.2 Europe Duty Free Retailing Market Size by Application (2024-2029)
7.3.3 Europe Duty Free Retailing Market Share by Application (2018-2029)
8 China Duty Free Retailing Market Facts & Figures
8.1 China Duty Free Retailing Revenue by Company (2018-2023)
8.2 China Duty Free Retailing Market Size by Type
8.2.1 China Duty Free Retailing Market Size by Type (2018-2023)
8.2.2 China Duty Free Retailing Market Size by Type (2024-2029)
8.2.3 China Duty Free Retailing Market Share by Type (2018-2029)
8.3 China Duty Free Retailing Market Size by Application
8.3.1 China Duty Free Retailing Market Size by Application (2018-2023)
8.3.2 China Duty Free Retailing Market Size by Application (2024-2029)
8.3.3 China Duty Free Retailing Market Share by Application (2018-2029)
9 Japan Duty Free Retailing Market Facts & Figures
9.1 Japan Duty Free Retailing Revenue by Company (2018-2023)
9.2 Japan Duty Free Retailing Market Size by Type
9.2.1 Japan Duty Free Retailing Market Size by Type (2018-2023)
9.2.2 Japan Duty Free Retailing Market Size by Type (2024-2029)
9.2.3 Japan Duty Free Retailing Market Share by Type (2018-2029)
9.3 Japan Duty Free Retailing Market Size by Application
9.3.1 Japan Duty Free Retailing Market Size by Application (2018-2023)
9.3.2 Japan Duty Free Retailing Market Size by Application (2024-2029)
9.3.3 Japan Duty Free Retailing Market Share by Application (2018-2029)
10 Southeast Asia Duty Free Retailing Market Facts & Figures
10.1 Southeast Asia Duty Free Retailing Revenue by Company (2018-2023)
10.2 Southeast Asia Duty Free Retailing Market Size by Type
10.2.1 Southeast Asia Duty Free Retailing Market Size by Type (2018-2023)
10.2.2 Southeast Asia Duty Free Retailing Market Size by Type (2024-2029)
10.2.3 Southeast Asia Duty Free Retailing Market Share by Type (2018-2029)
10.3 Southeast Asia Duty Free Retailing Market Size by Application
10.3.1 Southeast Asia Duty Free Retailing Market Size by Application (2018-2023)
10.3.2 Southeast Asia Duty Free Retailing Market Size by Application (2024-2029)
10.3.3 Southeast Asia Duty Free Retailing Market Share by Application (2018-2029)
11 India Duty Free Retailing Market Facts & Figures
11.1 India Duty Free Retailing Revenue by Company (2018-2023)
11.2 India Duty Free Retailing Market Size by Type
11.2.1 India Duty Free Retailing Market Size by Type (2018-2023)
11.2.2 India Duty Free Retailing Market Size by Type (2024-2029)
11.2.3 India Duty Free Retailing Market Share by Type (2018-2029)
11.3 India Duty Free Retailing Market Size by Application
11.3.1 India Duty Free Retailing Market Size by Application (2018-2023)
11.3.2 India Duty Free Retailing Market Size by Application (2024-2029)
11.3.3 India Duty Free Retailing Market Share by Application (2018-2029)
12 Key Players Profiles
12.1 Dufry
12.1.1 Dufry Company Details
12.1.2 Dufry Business Overview
12.1.3 Dufry Duty Free Retailing Introduction
12.1.4 Dufry Revenue in Duty Free Retailing Business (2018-2023)
12.1.5 Dufry Recent Development
12.2 Lagardère Travel Retail
12.2.1 Lagardère Travel Retail Company Details
12.2.2 Lagardère Travel Retail Business Overview
12.2.3 Lagardère Travel Retail Duty Free Retailing Introduction
12.2.4 Lagardère Travel Retail Revenue in Duty Free Retailing Business (2018-2023)
12.2.5 Lagardère Travel Retail Recent Development
12.3 Lotte Duty Free
12.3.1 Lotte Duty Free Company Details
12.3.2 Lotte Duty Free Business Overview
12.3.3 Lotte Duty Free Duty Free Retailing Introduction
12.3.4 Lotte Duty Free Revenue in Duty Free Retailing Business (2018-2023)
12.3.5 Lotte Duty Free Recent Development
12.4 LVMH
12.4.1 LVMH Company Details
12.4.2 LVMH Business Overview
12.4.3 LVMH Duty Free Retailing Introduction
12.4.4 LVMH Revenue in Duty Free Retailing Business (2018-2023)
12.4.5 LVMH Recent Development
12.5 Aer Rianta International (ARI)
12.5.1 Aer Rianta International (ARI) Company Details
12.5.2 Aer Rianta International (ARI) Business Overview
12.5.3 Aer Rianta International (ARI) Duty Free Retailing Introduction
12.5.4 Aer Rianta International (ARI) Revenue in Duty Free Retailing Business (2018-2023)
12.5.5 Aer Rianta International (ARI) Recent Development
12.6 China Duty Free Group
12.6.1 China Duty Free Group Company Details
12.6.2 China Duty Free Group Business Overview
12.6.3 China Duty Free Group Duty Free Retailing Introduction
12.6.4 China Duty Free Group Revenue in Duty Free Retailing Business (2018-2023)
12.6.5 China Duty Free Group Recent Development
12.7 Dubai Duty Free
12.7.1 Dubai Duty Free Company Details
12.7.2 Dubai Duty Free Business Overview
12.7.3 Dubai Duty Free Duty Free Retailing Introduction
12.7.4 Dubai Duty Free Revenue in Duty Free Retailing Business (2018-2023)
12.7.5 Dubai Duty Free Recent Development
12.8 Duty Free Americas
12.8.1 Duty Free Americas Company Details
12.8.2 Duty Free Americas Business Overview
12.8.3 Duty Free Americas Duty Free Retailing Introduction
12.8.4 Duty Free Americas Revenue in Duty Free Retailing Business (2018-2023)
12.8.5 Duty Free Americas Recent Development
12.9 Gebr. Heinemann
12.9.1 Gebr. Heinemann Company Details
12.9.2 Gebr. Heinemann Business Overview
12.9.3 Gebr. Heinemann Duty Free Retailing Introduction
12.9.4 Gebr. Heinemann Revenue in Duty Free Retailing Business (2018-2023)
12.9.5 Gebr. Heinemann Recent Development
12.10 King Power International Group (Thailand)
12.10.1 King Power International Group (Thailand) Company Details
12.10.2 King Power International Group (Thailand) Business Overview
12.10.3 King Power International Group (Thailand) Duty Free Retailing Introduction
12.10.4 King Power International Group (Thailand) Revenue in Duty Free Retailing Business (2018-2023)
12.10.5 King Power International Group (Thailand) Recent Development
12.11 The Shilla Duty Free
12.11.1 The Shilla Duty Free Company Details
12.11.2 The Shilla Duty Free Business Overview
12.11.3 The Shilla Duty Free Duty Free Retailing Introduction
12.11.4 The Shilla Duty Free Revenue in Duty Free Retailing Business (2018-2023)
12.11.5 The Shilla Duty Free Recent Development
13 Market Dynamics
13.1 Duty Free Retailing Industry Trends
13.2 Duty Free Retailing Market Drivers
13.3 Duty Free Retailing Market Challenges
13.4 Duty Free Retailing Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author List
15.3 Disclaimer
Dufry
Lagardère Travel Retail
Lotte Duty Free
LVMH
Aer Rianta International (ARI)
China Duty Free Group
Dubai Duty Free
Duty Free Americas
Gebr. Heinemann
King Power International Group (Thailand)
The Shilla Duty Free
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*If Applicable.
