Duty Free Retailing Market

Duty Free Retailing Market 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.

Duty Free Retailing Market contains market size and forecasts of Duty Free Retailing in Global, including the following market information:

Global Duty Free Retailing Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Duty Free Retailing market was valued at 75180 million in 2021 and is projected to reach US$ 202610 million by 2028, at a CAGR of 15.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cosmetics & Personal Care Products Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Duty Free Retailing include Dufry, Lagard?re Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas and Gebr. Heinemann, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Duty Free Retailing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Duty Free Retailing Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Duty Free Retailing Market Segment Percentages, by Type, 2021 (%)

Cosmetics & Personal Care Products

Alcohol, Wine and Spirits

Tobacco & Cigarettes

Fashion & Luxury Goods

Confectionery & Food Stuff

Others

Global Duty Free Retailing Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Duty Free Retailing Market Segment Percentages, by Application, 2021 (%)

Airports

Onboard Aircraft

Seaports

Train Stations

Others

Global Duty Free Retailing Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Duty Free Retailing Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Duty Free Retailing revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Duty Free Retailing revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Dufry

Lagard?re 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