Duty-free Retailing Market: Top Geographies and Market Highlights

Geographical Analysis and Market Highlights 2021-2025

The duty-free retailing market is set to post an incremental growth of USD 10.80 billion, accelerating at a CAGR of about 8.56% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.

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Duty-free Retailing Market: APAC to lead market growth during the forecast period

• Based on our Geographical Segmentation, APAC is projected to contribute 44% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the duty-free retailing market size
• This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the exemption of excise duty on premium products.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
• The duty-free retailing market is segmented by Product (Fashion apparel and accessories, Cosmetics and perfumes, Tobacco and alcoholic beverages, and Confectionery and fine foods), Distribution Channel (Airports, Border, downtown, and hotel shops, and Others), and Geography (APAC, Europe, North America, MEA, and South America). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Duty-free Retailing Market: Vendor Landscape

Some of the leading vendors in this market are ams DFS Group Ltd., Dubai Duty Free, Dufry AG, Gebr. Heinemann SE and Co. KG, HOTEL SHILLA Co. Ltd., James Richardson Group, King Power International Co. Ltd., Lagardere SCA, Lotte Shopping co. Ltd., and LVMH Moet Hennessy - Louis Vuitton. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of about 8.56%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 5.30 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Exemption of excise duty on premium products will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   44% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are DFS Group Ltd., Dubai Duty Free, Dufry AG, Gebr. Heinemann SE and Co. KG, HOTEL SHILLA Co. Ltd., James Richardson Group, King Power International Co. Ltd., Lagardere SCA, Lotte Shopping co. Ltd., and LVMH Moet Hennessy - Louis Vuitton
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Fashion apparel and accessories, Cosmetics and perfumes, Tobacco and alcoholic beverages, and Confectionery and fine foods), Distribution Channel (Airports, Border, downtown, and hotel shops, and Others), and Geography (APAC, Europe, North America, MEA, and South America).

Market Segmentation by Product

• • Duty-free Retailing Market Split by Product
    • Fashion apparel and accessories
    • Cosmetics and perfumes
    • Tobacco and alcoholic beverages
    • Confectionery and fine foods
  • Duty-free Retailing Market Split by Distribution Channel
    • Airports
    • Border, downtown, and hotel shops
    • Others
  • Duty-free Retailing Market Split by Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• DFS Group Ltd.
• Dubai Duty Free
• Dufry AG
• Gebr. Heinemann SE and Co. KG
• HOTEL SHILLA Co. Ltd.
• James Richardson Group
• King Power International Co. Ltd.
• Lagardere SCA
• Lotte Shopping co. Ltd.
• LVMH Moet Hennessy - Louis Vuitton