Duty-Free Retailing Market Size and Analysis by Region, Sector Analysis by Key Countries, Tourism Landscape, Trends, Innovations, Opportunities, Key Players and Forecast to 2026

This report provides an overview of the global duty-free retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape.

The global duty-free market grew by 73.3% in 2022, reaching sales of $49 billion, its highest level ever as it bounced back from the pandemic impact.

• New initiatives are being introduced to drive demand from consumers
• Duty-free retailers are modifying their offer in line with changing consumer tastes
• Diversification key to protect against geopolitical turbulence

Key Highlights

• The duty-free market in the APAC region showed strong growth of 81.9% in 2022, growing from $18 billion in 2021 to $32.7 billion as traveler numbers surged in response to the lifting of travel restrictions.
• The European duty-free market surged 63.3% in 2022 to $9.5 billion from $5.8 billion in 2021 owing to greater movement of people across the Eurozone.
• Duty-free sales in the Middle East & Africa region recorded annual growth of 50.3% to reach $3.2 billion in 2022, following growth of 42.9% in 2021 and a decline in sales in 2020.
• When a geopolitical development or a health crisis affects a particular region significantly, duty-free retailers need sales from other regions to cushion the adverse impact for instance to offset disruption resulting from the Russia-Ukraine conflict or China's stringent COVID-19 regulations.

Reasons to Buy

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• Analysis of key duty free players operating globally
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• Analysis of key international players operating in Global Duty Fee retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share