Travel Retail Market Growth:

Travel Retail Market size was valued at US$ 58.77 Bn. in 2022 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2023 to 2029, reaching nearly US$ 108.82 Bn.

Travel Retail Market Drivers:

An increasing number of international travelers drives Market growth.

The growing number of national and international travelers drives product demand, driving the market growth. Millennials use more vacation time than any other generation, and they aren't interested in doing the same sorts of adventures on all of their holidays. They desire diversity and travel experiences that are uniquely theirs. Millennial travelers want to relax on one trip, visit relatives on another, and then escape on a romantic holiday on the next. Because they want to experience a variety of holiday kinds, their penchant for diversity is wonderful news for locations and travel businesses.

Growth in travel industries drives the market.

Significant growth in the tourism and travel industries is a primary factor driving demand for travel retail services. However, factors like rising urbanization and an expanding middle-class population drive the growth of the travel retail business. In addition, the rising number of low-cost carriers (LCC) air travel and foreign visitors drive market growth. Moreover. The increased digitization of the retailing process to allow businesses to optimize revenues may drive market growth further.

High Product Price is a key restraint to the Market.

A huge number of retail commodities are branded. As a result, they are high-quality items at a premium price. This aspect allows businesses to offer travel items at greater costs, reducing product demand among lower-income traveler groups. Moreover, a lack of customer awareness of new product releases and improvements provides a barrier to purchasing commodities, restricting the market growth.

Travel Retail Market Report Overview:

Maximize Market Research has issued papers to help clients understand the landscape of the Travel Retail Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.

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Travel Retail Market Regional Insights:

by Product

Fashion and accessories

Perfume and cosmetics
Electronics
Food
Confectionery products
Bakery products
Catering
Luxury goods
Watches
Jewelry
Wine & spirits
Tobacco
Others

by Sector

Duty-Free
Duty Paid

by Sales Channel

Airport
Cruise Liner
Railway Station and Border
Downtown and Hotel Shop

Table of Content: Travel Retail Market :

Part 01: Executive Summary

Part 02: Scope of the Travel Retail Market Report

Part 03: Travel Retail Market Landscape

Part 04: Travel Retail Market Sizing

Part 05: Travel Retail Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Travel Retail Market Key Players:

1. Dufry Group
2.Lotte Duty-Free
3. The Shilla Duty-Free
4. China Duty-Free Group
5. Lagardére Travel Retail
6. DFS Group
7. Gebr Heinemann
8. Shinsegae Duty-Free
9. King Power International Group (Thailand)
10. Ever Rich Duty-Free Shop
11. Dubai Duty-Free
12. Duty-Free Americas
13. Aer Rianta International
14. WHSmith
15. Japan Airport Terminal Co
16. Starboard Cruise Services
17. Flemingo International
18. 3Sixty Duty-Free
19. Hyundai Duty-Free
20. NAA Retailing
21. Qatar Duty-Free
22. Sky Connection
23. Tallink Group
24. King Power Group (Hong Kong)
25. JR/Duty-Free

Key Questions Addressed in This Report:

How has the Travel Retail Market market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Travel Retail Market market?
What is the regional breakup of the global Travel Retail Market market?
What are the price trends of various feedstocks in the Travel Retail Market industry?
What is the structure of the Travel Retail Market industry and who are the key players?
What are the various unit operations involved in a Travel Retail Market processing plant?
What is the total size of land required for setting up a Travel Retail Market processing plant?
What is the layout of a Travel Retail Market processing plant?
What are the machinery requirements for setting up a Travel Retail Market processing plant?
What are the raw material requirements for setting up a Travel Retail Market processing plant?

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Key Insights Covered the Travel Retail Market Report:

Market Coverage:

Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast

Key Aspects Required for Setting Up a Travel Retail Market Plant:

Detailed Process Flow:

Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests

Project Details, Requirements and Costs Involved:

Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs

Project Economics:

Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune, Maharashtra 411041, India.
✆ +91 9607365656
sales@maximizemarketresearch.com 
www.maximizemarketresearch.com 

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