Retail, Proximity & IoT Marketing

Global Travel Retail Market (2021 to 2030)

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The “Travel Retail Market by Product and Channel: Global Opportunity Analysis and Industry Forecast, 2021 – 2030” report has been added to ResearchAndMarkets.com’s offering.

At an estimated value of over USD 19.73 billion in 2020, the Global Travel Retail Market is predicted to thrive at a CAGR of 21.6% and valued at over USD 174.86 billion over the forecast year 2021-2030.

Travel retail is the business of catering to shoppers while they’re in transit. In recent times, various retailers and brands have started using travel retail to build their brand by targeting a much-focused audience. It is one of the highest growth business channels that covers duty-free environments such as airports, cruises, airlines, and downtown locations.

Significant development in the tourism & travel industry is the major factor encouraging the demand for travel retail services. In addition to this, the factors such as rapid urbanization and expanding middle-class population fuel the growth of the travel retail market. Also, the growing number of low-cost carrier (LCC) airlines and increasing number of international tourists drive the market growth. Moreover. The rise in digitalization of the retailing process to enable companies maximize their profits, may further drive growth of the market.

However, strict government regulations relating to the airport retailing may hamper the growth of the market. Contradictorily, growing number of millennial travellers is expected to create lucrative opportunities to further propel the market growth.

Lucrative growth opportunities make the travel retail market highly competitive. Some of the major players in the market are DFS Group, Dufry, LS travel retail, Lotte Duty Free, King Power International Group, The Shilla Duty Free, Gebr, Heinemann, China Duty Free Group (CDFG), Aer Rianta International (ARI), The Naunace Group., and many more.

A number of developmental strategies have been adopted by companies in the past few years. For instance, in March 2020, Gebr Heinemann, one of the leading retailers launched Heinemann & Me loyalty program at Sheremetyevo International Airport in Moscow. This Heinemann & Me loyalty program at Moscow Sheremetyevo Airport increases the retailer’s digital shopping services in Eastern Europe.

Key Topics Covered:

1. Introduction

2. Travel Retail Market – Executive Summary

3. Market Overview

3.1. Market Definition and Scope

3.2. Market Dynamics

4. Covid-19 Impact Analysis

5. Market Share Analysis

5.1. Market Share Analysis of Top Travel Retail Providers, 2020

6. Global Travel Retail Market, by Products

6.1. Overview

6.2. Perfumes & Cosmetics

6.3. Food, Confectionery & Catering

6.4. Electronics

6.5. Wine & Spirits

6.6. Luxury Goods

6.7. Tobacco

6.8. Others

7. Global Travel Retail Market, by Channel

7.1. Overview

7.2. Airports

7.3. Cruise Liners

7.4. Railway Stations

7.5. Border, Down-Town & Hotel Shops

8. Global Travel Retail Market, by Region

8.1. Overview

8.2. North America

8.3. Europe

8.4. Asia-Pacific

8.5. Rest of World

9. Company Profiles

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