Travel Retail Market size was valued at US$ 53.82 Bn. in 2021 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2022 to 2029, reaching nearly US$ 108.82 Bn.

Travel Retail Market Overview:

This study's objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Travel Retail industry. The analysis includes major information on market positions of the top Travel Retail organizations as well as significant industry trends and opportunities.

The study also includes information on the major players in the global Travel Retail Market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. This study examines the entire Travel Retail Market Size from a global perspective and makes predictions about future trends based on past data.

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COVID-19 Impact Analysis on Travel Retail Market:

The COVID-19 outbreak has caused substantial changes in consumer behavior across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19's impact on the ## market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.

Travel Retail Market Scope:

Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size's acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.

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Segmentation Analysis:

By Sales Channel Segment, the airport industry dominated the market in 2021, with the biggest market share. As a result of decreased prices and improved living conditions, it is projected that an increasing number of air travellers would contribute to segment growth. Moreover, efforts by numerous airports to boost non-aeronautical resource profitability have fueled the expansion of this segment's retail market. The category of border, downtown, and hotel retailers is anticipated to experience the fastest growth over the forecasting period. These kinds of shops showcase the newest fashion trends. Contrary to the airport area, rentals are lower for retailers in border and downtown areas.

For each Product Segment, Due to rising sales of various personal care products through various retail locations, the perfume and cosmetics industry had the greatest revenue share in 2020. At airports all throughout the world, L'Oreal and other cosmetics brands are constructing new boutiques. This component is anticipated to accelerate segment expansion even more. The second-largest industry in 2020 was wine and spirits, and growth is anticipated to be steady going forward. Since they are more affordable there, alcoholic beverages are among the items that people most frequently purchase from duty-free shops.

Key Competitors:

The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Travel Retail Market's potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Travel Retail Market.

• Dufry Group
• Lotte Duty-Free
• The Shilla Duty-Free
• China Duty-Free Group
• Lagardére Travel Retail
• DFS Group
• Gebr Heinemann
• Shinsegae Duty-Free
• King Power International Group (Thailand)
• Ever Rich Duty-Free Shop
• Dubai Duty-Free
• Duty-Free Americas
• Aer Rianta International
• WHSmith
• Japan Airport Terminal Co
• Starboard Cruise Services
• Flemingo International
• 3Sixty Duty-Free
• Hyundai Duty-Free
• NAA Retailing
• Qatar Duty-Free
• Sky Connection
• Tallink Group
• King Power Group (Hong Kong)
• JR/Duty-Free

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Regional Analysis:

After examining the political, economic, social, and technological aspects influencing the Travel Retail Market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

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