Global Duty-Free Retailing Market Size By Type (Fragrances & Cosmetics, Alcohol & Spirits, Fashion & Accessories, Tobacco Goods, Watches & Jewelry), By Distribution Channel (Airport, Onboard Aircraft, Ferries), By Geographic Scope And Forecast
Report ID: 1369|No. of Pages: 202
Duty-Free Retailing Market Size And Forecast
Duty-Free Retailing Market size was valued at USD 105.82 Billion in 2024 and is projected to reach USD 170.77 Billion by 2031, growing at a CAGR of 6.80% from 2024 to 2031.
- Duty-free retailing refers to the sale of goods that are exempt from local or national taxes and duties, typically available at international airports, seaports, and onboard international flights, allowing travelers to purchase items without paying the usual import taxes.
- Duty-free goods are sold without the imposition of customs duties, import taxes, or value-added taxes (VAT), making them cheaper than similar items available in regular retail outlets.
- Common items sold in duty-free shops include alcohol, tobacco, perfumes, cosmetics, luxury goods, and souvenirs. The specific products available can vary by jurisdiction and store.
- The duty-free retail sector is a significant contributor to non-aeronautical revenue for airports and travel-related businesses, helping fund infrastructure development and operational costs.
Global Duty-Free Retailing Market Dynamics
The key market dynamics that are shaping the global duty-free retailing market include:
Key Drivers
- Surge in International Travel and Tourism: The increasing number of international travelers is a primary driver for the duty-free retailing market. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals reached 1.5 billion in 2019, and while the COVID-19 pandemic impacted these numbers, recovery trends indicate a strong rebound in travel. This growth directly correlates with increased sales in duty-free shops.
- Rising Disposable Incomes: As disposable incomes rise globally, particularly in emerging economies, more consumers are willing to spend on luxury and premium goods available at duty-free outlets. For instance, the International Monetary Fund (IMF) projects that global GDP will grow at an average rate of 3.5% annually from 2023 to 2027, contributing to increased consumer spending power.
- Exemption from Excise Duties: The exemption from excise duties on premium products significantly drives demand for luxury items in duty-free shops. This pricing advantage attracts a broader customer base, including price-sensitive travelers seeking high-end products at lower prices.
- Growth in E-commerce and Digital Solutions: The integration of e-commerce platforms into duty-free retailing allows travelers to pre-order products online for pickup at airports. This trend has been accelerated by the COVID-19 pandemic, leading to increased convenience and customer engagement. Major players like Dufry AG have established user-friendly websites to enhance the shopping experience.
Key Challenges:
- Lack of Store Availability: Duty-free retailing is significantly constrained by limited store locations outside of airports and ships. While some retail establishments exist in border towns, they are far fewer in number compared to airport outlets. This limitation reduces accessibility for potential customers, impacting overall sales. According to Verified Market Research, the lack of store availability restricts duty-free companies’ exposure to end users.
- Currency Exchange Rate Fluctuations: The duty-free retail market is highly sensitive to changes in currency exchange rates. As products are often priced in various currencies, fluctuations can affect purchasing power for travelers. This sensitivity can lead to increased prices for duty-free goods, making them less attractive to consumers. The impact of currency exchange rates is a significant concern for retailers operating internationally.
- High Prices of Premium Products: Duty-free shops often offer premium products at higher price points, which can deter middle-class consumers from making purchases. Many consumers may prefer to buy similar items from superstores or online retailers where prices may be more competitive. This price sensitivity can hinder growth in the duty-free retail sector.
- Regulatory Restrictions: Many countries have imposed stringent regulations on the sale of certain products, particularly tobacco goods, due to health concerns. These regulations can limit the range of products available in duty-free shops and affect sales volumes.
Key Market Trends:
- Focus on Personalization and Customer Experience: Duty-free retailers are leveraging data analytics and targeted marketing to provide personalized product recommendations and exclusive offers based on customer data and purchase history. This trend is aimed at improving the overall shopping experience and fostering brand loyalty.
- Emphasis on Sustainability and Eco-Friendly Initiatives: Consumers are becoming increasingly conscious of environmental issues, influencing their purchasing decisions in the duty-free sector. Retailers are adopting sustainable practices such as eco-friendly packaging, carbon-neutral products, and responsible sourcing of goods to align with the growing demand for green travel and shopping options.
- Emphasis on Local and Authentic Products: There is a growing preference for locally sourced and authentic products in duty-free shops. Retailers are expanding their offerings to include items indigenous to the destination country, highlighting its distinct culture and traditions. According to the World Tourism Organization, international tourist arrivals reached 1.5 billion in 2019, with a significant portion of travelers seeking authentic experiences and local products.
- Integration of E-commerce and Omnichannel Retailing: Duty-free retailers are adopting an omnichannel approach by combining online and physical stores. This allows travelers to pre-order goods online for pickup at the airport or reserve items for a more personalized shopping experience in-store.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=1369
Global Duty-Free Retailing Market Regional Analysis
Here is a more detailed regional analysis of the global duty-free retailing market.
Asia Pacific:
- Asia Pacific is dominating the Duty-Free Retailing Market and is expected to continue its growth throughout the forecast period. Recent developments in several Asian countries provide profitable prospects for existing and prospective duty-free retailers to sell a varied selection of unique products.
- The expansion of low-cost airlines and new air routes has made travel more accessible, particularly for travelers from countries like China and India. In 2022, South Korea held the largest market share in Asia Pacific, accounting for about 27.65% of the duty-free retailing revenue, reflecting its strong position within the region.
- The region is also witnessing a shift towards digital platforms for shopping, with consumers increasingly using mobile applications like Alipay and Paytm to facilitate their purchases. This trend aligns with the broader digitalization of retail, which is expected to continue driving growth in the sector.
- Many airports in Asia Pacific are undergoing significant modernization and expansion, enhancing the retail space available for duty-free shops. For instance, major airports in India are investing heavily in infrastructure development to accommodate increasing passenger traffic and improve shopping experiences.
North America:
- North America is expected to be the fastest-growing region during the forecast period.
- Rising disposable incomes among consumers in North America further fuel demand for luxury goods available in duty-free shops. The IMF projects global GDP growth at an average rate of 3.5% annually from 2023 to 2027, enhancing consumer purchasing power.
- the increasing trend of digital integration in retail is transforming the duty-free shopping experience. Retailers are adopting mobile apps and e-commerce platforms to facilitate pre-ordering and enhance customer engagement, aligning with broader trends in consumer behavior.
- Ongoing investments in airport infrastructure and development projects provide potential for the establishment of new duty-free outlets, which will enhance travelers’ shopping experiences.
Global Duty-Free Retailing Market: Segmentation Analysis
The Global Duty-Free Retailing Market is segmented based on Type, Distribution Channel, And Geography.
Duty-Free Retailing Market, By Type
- Fragrances & Cosmetics
- Alcohol & Spirits
- Fashion & Accessories
- Tobacco Goods
- Watches & Jewelry
Based on the Type, the market is bifurcated into Fragrances & Cosmetics, Alcohol & Spirits, Fashion & Accessories, Fashion & Accessories, and Watches & Jewelry. The Fragrances & Cosmetics segment is significantly dominating the duty-free retailing market. This segment has historically been one of the most sought-after product categories, commanding a significant share of the market. The Asia Pacific region, with its strong tourism sector, plays a key role in the prominence of Fragrances & Cosmetics within the Duty-Free Retailing Market.
Duty-Free Retailing Market, By Distribution Channel
- Airport
- Onboard Aircraft
- Ferries
Based on the Distribution Channel, the market is bifurcated into Airport, Onboard Aircraft, and Ferries. The aircraft segment is significantly dominating the duty-free retailing market. The rising number of domestic and international airports globally is boosting product sales through this distribution channel. A significant increase in airport-based stores globally highlights the expanding trend of airport retail development.
Duty-Free Retailing Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, the Global Duty-Free Retailing Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is substantially dominating the duty-free retailing market and is expected to continue its growth throughout the forecast period. The low labor cost and favorable regulatory measures are projected to enable the region hold major share in the market
Key Players
The “Global Duty-Free Retailing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Dufry, Lotte Duty-Free, Dubai Duty-Free, Lagardère Travel Retail, Aer Rianta International, China Duty Free Group, Duty Free Americas, Gebr. Heinemann Se & Co. Kg, Jr/ Duty Free, King Power International Group, The Shilla Duty Free, Safilo, Lotte Df Global Co., Ltd., and Lvmh Moët Hennessy Louis Vuitton S.E.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Duty-Free Retailing Market Recent Developments
- In October 2023, Lotte Duty-Free launched South Korea’s first experiential duty-free showroom, aiming to provide a more engaging shopping experience for travelers. This initiative reflects the company’s focus on adapting to changing consumer behaviors and preferences.
- In July 2023, The Shilla Duty Free opened its new liquor, tobacco, and food store at Incheon International Airport’s Terminal 1. This store is part of a broader expansion effort following the company’s acquisition of two ten-year duty-free shop concessions at the airport, which began on July 1, 2023.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Dufry, Lotte Duty-Free, Dubai Duty-Free, Lagardère Travel Retail, Aer Rianta International, China Duty Free Group, Duty Free Americas, Gebr. Heinemann Se & Co. Kg, Jr/ Duty Free, King Power International Group, The Shilla Duty Free, Safilo, Lotte Df Global Co., Ltd., and Lvmh Moët Hennessy Louis Vuitton S.E |
Segments Covered |
|
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1…. Introduction. 11
1.1 Market Definition. 11
1.2 Market Segmentation. 12
1.3 Research Timelines. 13
1.4 Assumptions. 13
1.5 Limitations. 14
2…. Research Methodology. 15
2.1 Data Mining. 15
2.2 Secondary Research. 15
2.3 Primary Research. 15
2.4 Subject Matter Expert Advice. 15
2.5 Quality Check. 16
2.6 Final Review.. 16
2.7 Data Triangulation. 16
2.8 Bottom-Up Approach. 17
2.9 Top Down Approach. 17
2.10 Research Flow.. 18
2.11 Data Sources. 18
2.12 Primary Interviews. 19
2.12.1 Primary Interview Breakdown. 19
2.12.2 Primary Interviews Transcripts. 19
3…. Executive Summary. 20
3.1 Market Overview.. 20
3.2 Global Duty-Free Retailing Market 2017 V/S 2025. 21
3.3 Global Duty-Free Retailing Market Geographical Analysis. 22
3.4 Global Duty-Free Retailing Market, By Type (Usd Million) 23
3.5 Global Duty-Free Retailing Market, By Sales Channel (Usd Million) 24
3.6 Global Market Split 25
3.7 Country Cagrs, 2018 – 2025. 26
4…. Market Outlook. 27
4.1 Global Duty-Free Retailing Market Outlook. 27
4.2 Market Drivers. 28
4.2.1 Growing Global Travel And Tourism Activity. 28
4.2.2 Easy Access To Tax Free Quality Products. 29
4.3 Market Restraints. 29
4.3.1 Low Penetration Of Local Duty Free Retailers. 29
4.4 Market Opportunities. 30
4.4.1 Emergence Of Low Cost Airlines. 30
5…. Industry Trends. 31
5.1 Value Chain Analysis. 31
5.2 Porter’s Five Forces Analysis. 32
5.3 Regulatory Framework. 33
6…. Market, By Type. 34
6.1 Overview.. 34
6.2 Fragrances & Cosmetics. 35
6.3 Alcohol & Spirits. 35
6.4 Fashion & Accessories. 36
6.5 Tobacco Goods. 36
6.6 Watches & Jewellery. 36
6.7 Others. 36
7…. Market, By Sales Channel 37
7.1 Overview.. 37
7.2 Airport 38
7.3 Onboard Aircraft 38
7.4 Ferries. 39
7.5 Others. 39
8…. Market, By Geography. 40
8.1 Overview.. 40
8.2 North America. 42
8.2.1 U.S. 45
8.2.2 Canada. 46
8.2.3 Mexico. 47
8.3 Europe. 48
8.3.1 Germany. 51
8.3.2 Uk. 52
8.3.3 France. 53
8.4 Asia Pacific. 54
8.4.1 China. 57
8.4.2 Japan. 58
8.4.3 India. 59
8.5 Latin America. 60
8.5.1 Brazil 63
8.6 Rest Of The World. 64
9…. Company Landscape. 65
9.1 Company Market Share. 65
9.2 Vendor Landscape. 66
9.3 Key Development Strategies. 67
10. Company Profiles. 70
10.1 Dufry Ag. 70
10.1.1 Company Overview.. 70
10.1.2 Dufry Ag: Key Facts. 70
10.1.3 Financial Performance. 70
10.1.4 Product Benchmarking. 71
10.1.5 Swot Analysis: Dufry. 72
10.2 Lagardère Travel Retail Sas. 73
10.2.1 Company Overview.. 73
10.2.2 Lagardère Travel Retail Sas: Key Facts. 73
10.2.3 Financial Performance. 73
10.2.4 Product Benchmarking. 74
10.2.5 Swot Analysis: Lagardere Travel Retail Sas. 75
10.3 Lotte Df Global Co., Ltd. 76
10.3.1 Company Overview.. 76
10.3.2 Lotte Df Global Co., Ltd.: Key Facts. 76
10.3.3 Financial Performance. 76
10.3.4 Product Benchmarking. 77
10.3.5 Swot Analysis: Lotte Df Global Co., Ltd. 78
10.4 Lvmh Moët Hennessy Louis Vuitton S.E. 79
10.4.1 Company Overview.. 79
10.4.2 Lvmh Moët Hennessy Louis Vuitton S.E.: Key Facts. 79
10.4.3 Financial Performance. 80
10.4.4 Product Benchmarking. 81
10.4.5 Swot Analysis: Lvmh Moët Hennessy Louis Vuitton S.E. 81
10.5 Aer Rianta International 82
10.5.1 Company Overview.. 82
10.5.2 Aer Rianta International: Key Facts. 82
10.5.3 Product Benchmarking. 82
10.6 China Duty Free Group. 83
10.6.1 Company Overview.. 83
10.6.2 China Duty Free Group : Key Facts. 83
10.6.3 Product Benchmarking. 83
10.7 Dubai Duty Free. 84
10.7.1 Company Overview.. 84
10.7.2 Dubai Duty Free : Key Facts. 84
10.7.3 Product Benchmarking. 84
10.8 Duty Free Americas, Inc. 85
10.8.1 Company Overview.. 85
10.8.2 Duty Free Americas, Inc. : Key Facts. 85
10.8.3 Product Benchmarking. 85
10.9 Gebr. Heinemann Se & Co. Kg. 86
10.9.1 Company Overview.. 86
10.9.2 Gebr. Heinemann Se & Co. Kg: Key Facts. 86
10.9.3 Product Benchmarking. 86
10.10 Jr/ Duty Free. 87
10.10.1 Company Overview.. 87
10.10.2 Jr/ Duty Free: Key Facts. 87
10.10.3 Product Benchmarking. 87
10.11 King Power International Group. 88
10.11.1 Company Overview.. 88
10.11.2 King Power International Group: Key Facts. 88
10.11.3 Financial Performance. 88
10.11.4 Product Benchmarking. 89
10.12 The Shilla Duty Free. 90
10.12.1 Company Overview.. 90
10.12.2 The Shilla Duty Free: Key Facts. 90
10.12.3 Product Benchmarking. 90
10.13 Safilo. 91
10.13.1 Company Overview.. 91
10.13.2 Safilo: Key Facts. 91
10.13.3 Financial Performance. 91
10.13.4 Product Benchmarking. 92
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
List Of Tables
Table 1 Global Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 35
Table 2 Global Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 38
Table 3 Global Duty-Free Retailing Market, By Geography, 2016 – 2025 (Usd Million) 41
Table 4 North America Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million) 43
Table 5 North America Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 44
Table 6 North America Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 44
Table 7 U.S. Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 45
Table 8 U.S. Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 45
Table 9 Canada Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 46
Table 10 Canada Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 46
Table 11 Mexico Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 47
Table 12 Mexico Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 47
Table 13 Europe Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million) 49
Table 14 Europe Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 50
Table 15 Europe Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 50
Table 16 Germany Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 51
Table 17 Germany Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 51
Table 18 Uk Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 52
Table 19 Uk Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 52
Table 20 France Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 53
Table 21 France Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 53
Table 22 Asia Pacific Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million) 55
Table 23 Asia Pacific Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 56
Table 24 Asia Pacific Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 56
Table 25 China Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 57
Table 26 China Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 57
Table 27 Japan Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 58
Table 28 Japan Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 58
Table 29 India Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 59
Table 30 India Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 59
Table 31 Latin America Duty-Free Retailing Market, By Country, 2016 – 2025 (Usd Million) 61
Table 32 Latin America Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 62
Table 33 Latin America Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 62
Table 34 Brazil Duty-Free Retailing Market, By Type, 2016 – 2025 (Usd Million) 63
Table 35 Brazil Duty-Free Retailing Market, By Sales Channel, 2016 – 2025 (Usd Million) 63
Table 36 Rest Of The World Duty-Free Retailing Market, By Application, 2016 – 2025 (Usd Million) 64
Table 37 Rest Of The World Duty-Free Retailing Market, By Touchpoint, 2016 – 2025 (Usd Million) 64
Table 38 Vendor Landscape 66
Table 39 Key Develpoment Strategies 67
Table 40 Dufry Ag: Key Facts 70
Table 41 Dufry Ag: Financial Performance 70
Table 42 Dufry Ag : Product Benchmarking 71
Table 43 Lagardère Travel Retail Sas: Key Facts 73
Table 44 Lagardère Travel Retail Sas: Financial Performance 73
Table 45 Lagardère Travel Retail Sas: Product Benchmarking 74
Table 46 Lotte Df Global Co., Ltd.: Key Facts 76
Table 47 Lotte Df Global Co., Ltd.: Financial Performance 76
Table 48 Lotte Df Global Co., Ltd. : Product Benchmarking 77
Table 49 Lvmh Moët Hennessy Louis Vuitton S.E.: Key Facts 79
Table 50 Lvmh Moët Hennessy Louis Vuitton S.E.: Financial Performance 80
Table 51 Lvmh Moët Hennessy Louis Vuitton S.E.: Product Benchmarking 81
Table 52 Aer Rianta International: Key Facts 82
Table 53 Aer Rianta International: Product Benchmarking 82
Table 54 China Duty Free Group : Key Facts 83
Table 55 China Duty Free Group : Product Benchmarking 83
Table 56 Dubai Duty Free : Key Facts 84
Table 57 Dubai Duty Free: Product Benchmarking 84
Table 58 Duty Free Americas, Inc. : Key Facts 85
Table 59 Duty Free Americas, Inc. : Product Benchmarking 85
Table 60 Gebr. Heinemann Se & Co. Kg: Key Facts 86
Table 61 Gebr. Heinemann Se & Co. Kg : Product Benchmarking 86
Table 62 Jr/ Duty Free : Key Facts 87
Table 63 Jr/ Duty Free : Product Benchmarking 87
Table 64 King Power International Group: Key Facts 88
Table 65 King Power International Group: Financial Performance 88
Table 66 King Power International: Product Benchmarking 89
Table 67 The Shilla Duty Free : Product Benchmarking 90
Table 68 Safilo Group: Financial Performance 91
Table 69 Safilo Group : Product Benchmarking 92
List Of Figures
Figure 1 Global Duty-Free Retailing Market Segmentation 12
Figure 2 Research Timelines 13
Figure 3 Data Triangulation 16
Figure 4 Market Research Flow 18
Figure 5 Data Sources 18
Figure 6 Primary Interviews Breakdown 19
Figure 7 Primary Interviews Transcripts 19
Figure 8 Global Duty-Free Retailing Market Overview 20
Figure 9 Global Duty-Free Retailing Market (Usd Million) 2017 V/S 2025 21
Figure 10 Global Duty-Free Retailing Market Geographical Analysis, 2017 22
Figure 11 Global Duty-Free Retailing Market, By Type, 2017 Vs 2025 (Usd Million) 23
Figure 12 Global Duty-Free Retailing Market, By Sales Channel, 2017 Vs 2025 (Usd Million) 24
Figure 13 Asia Pacific Dominated The Market In 2017 25
Figure 14 Cagr By Country, 2018 – 2025 26
Figure 15 Global Duty-Free Retailing Market Outlook 27
Figure 16 Global International Tourist Arrivals 2005-2030 (Billion) 28
Figure 17 Value Chain Analysis 31
Figure 18 Porter’s Five Forces Analysis 32
Figure 19 Global Duty-Free Retailing Market, By Type 34
Figure 20 Global Duty-Free Retailing Market, By Sales Channel 37
Figure 21 Global Duty-Free Retailing Market, By Geography, 2016 – 2025 (Usd Million) 41
Figure 22 North America Market Snapshot 42
Figure 23 North America Duty-Free Retailing Market Share, By Country, 2017 43
Figure 24 Europe Market Snapshot 48
Figure 25 Europe Duty-Free Retailing Market, By Country, 2017 49
Figure 26 Asia Pacific Market Snapshot 54
Figure 27 Asia Pacific Duty-Free Retailing Market, By Country, 2017 55
Figure 28 Latin America Market Snapshot 60
Figure 29 Latin America Duty-Free Retailing Market, By Country, 2017 61
Figure 30 Company Market Share Analysis 65
Figure 31 Dufry Ag Performance, Revenue 2015 – 2017 (Chf Million) 71
Figure 32 Swot Analysis: Dufry 72
Figure 33 Lagardère Travel Retail Sas Performance, Revenue 2015 – 2017 (Euro Million) 74
Figure 34 Swot Analysis: Lagardere Travel Retail Sas 75
Figure 35 Lotte Df Global Co., Ltd. Performance, Revenue 2015 – 2017 (Krw Million) 77
Figure 36 Swot Analysis: Lotte Df Global Co., Ltd. 78
Figure 37 Lvmh Moët Hennessy Louis Vuitton S.E. Performance, Revenue 2015-2017 (Euro Billion) 80
Figure 38 Swot Analysis: Lvmh Moët Hennessy Louis Vuitton S.E. 81
Figure 39 King Power International Group Performance, Revenue 2014-2016 (Euro Million) 89
Figure 40 Safilo Group Performance, Revenue 2015-2017 (Euro Million) 92
Report Research Methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
Perspective | Primary Research | Secondary Research |
---|---|---|
Supplier side |
|
|
Demand side |
|
|
Econometrics and data visualization model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
Qualitative analysis | Quantitative analysis |
---|---|
|
|