This report provides an overview of the MEA duty-free retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
MEA duty-free retail recovered in 2022 with the relaxation of COVID-19 restrictions; future growth will be driven by the expansion of retail space
Growth in tourism will positively impact duty-free sales in the region
Duty-Free retailers are focused on enhancing customer experience and improving in-store customer journeys
Dubai Duty Free continues to dominate the region’s duty-free market
Food will be among the fastest-growing duty-free categories in the coming years
The Saudi Arabian Government has announced its Vision 2030, through which the country aims to attract 100 million tourists a year by 2030 among many other objectives, while the UAE has set out ambitions to have capacity for 40 million hotel guests in 2031.
Airport retailers have prioritized a range of activities in their stores to improve customers' in-store experiences, reduce crowding, and speed up the purchasing process, all of which will help drive consumer demand and support recovery.
Dubai Duty Free's annual sales of $1.74 billion in 2022 reflected a strong recovery after two challenging years.
Between 2020 and 2026, the food sales sector is expected to experience a significant CAGR of 23.7%. Dubai Duty Free saw a remarkable increase of 99% in its food and confectionary sales in 2022.
MEA duty-free retail recovered in 2022 with the relaxation of COVID-19 restrictions; future growth will be driven by the expansion of retail space
Growth in tourism will positively impact duty-free sales in the region
Duty-Free retailers are focused on enhancing customer experience and improving in-store customer journeys
Dubai Duty Free continues to dominate the region’s duty-free market
Food will be among the fastest-growing duty-free categories in the coming years
Key Highlights
The Middle East & Africa (MEA) region registered duty-free sales of US$3.2 billion in 2022, a surge of 50.3% over 2021.The Saudi Arabian Government has announced its Vision 2030, through which the country aims to attract 100 million tourists a year by 2030 among many other objectives, while the UAE has set out ambitions to have capacity for 40 million hotel guests in 2031.
Airport retailers have prioritized a range of activities in their stores to improve customers' in-store experiences, reduce crowding, and speed up the purchasing process, all of which will help drive consumer demand and support recovery.
Dubai Duty Free's annual sales of $1.74 billion in 2022 reflected a strong recovery after two challenging years.
Between 2020 and 2026, the food sales sector is expected to experience a significant CAGR of 23.7%. Dubai Duty Free saw a remarkable increase of 99% in its food and confectionary sales in 2022.
Reasons to Buy
- Gain a comprehensive knowledge on MEA Duty Free market and develop a competitive advantage
- Investigate current trends in the MEA duty free market to identify the best opportunities to exploit
- Analysis of key duty free players operating in MEA region
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the duty free market in MEA region
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international players operating in MEA Duty Fee retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share
Table of Contents
- Executive Summary
- Regional Analysis
- Country Analysis
- Sector Analysis
- Tourism Landscape
- Key Trends
- Key Retail Innovations
- Competitive Landscape
- New Opportunities
- Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dubai Duty Free
- James Richardson
- DFS
- Egyptair Duty Free
- Aelia Duty Free
- DUFRY
- Duty Free Americas
- Chalhoub
