Duty-Free And Travel Retail Market Size, Share, and Trends 2024 to 2034

The global duty-free and travel retail market size is calculated at 95.76 billion in 2025 and is forecasted to reach around USD 667.61 billion by 2034, accelerating at a CAGR of 24.08% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5839
  • Category : Consumer Goods

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Duty-Free And Travel Retail Market 

5.1. COVID-19 Landscape: Duty-Free And Travel Retail Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Duty-Free And Travel Retail Market, By Product Type

8.1. Duty-Free And Travel Retail Market Revenue and Volume, By Product Type

8.1.1 Beauty and Personal Care

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Wines and Spirits

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Tobacco

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Eatables

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Fashion Accessories and Hard Luxury

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Other Types

8.1.6.1. Market Revenue and Volume Forecast

Chapter 9. Global Duty-Free And Travel Retail Market, By Distribution Channel

9.1. Duty-Free And Travel Retail Market Revenue and Volume, By Distribution Channel

9.1.1. Airports

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Onboard Aircraft

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Seaports

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Train Stations

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Airlines

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Ferries

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Others

9.1.7.1. Market Revenue and Volume Forecast

Chapter 10. Global Duty-Free And Travel Retail Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Product Type

10.1.2. Market Revenue and Volume Forecast, By Distribution Channel

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Product Type

10.1.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Product Type

10.1.4.2. Market Revenue and Volume Forecast, By Distribution Channel

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Product Type

10.2.2. Market Revenue and Volume Forecast, By Distribution Channel

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Product Type

10.2.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Product Type

10.2.4.2. Market Revenue and Volume Forecast, By Distribution Channel

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Product Type

10.2.5.2. Market Revenue and Volume Forecast, By Distribution Channel

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Product Type

10.2.6.2. Market Revenue and Volume Forecast, By Distribution Channel

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Product Type

10.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Product Type

10.3.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Product Type

10.3.4.2. Market Revenue and Volume Forecast, By Distribution Channel

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Product Type

10.3.5.2. Market Revenue and Volume Forecast, By Distribution Channel

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Product Type

10.3.6.2. Market Revenue and Volume Forecast, By Distribution Channel

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Product Type

10.4.2. Market Revenue and Volume Forecast, By Distribution Channel

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Product Type

10.4.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Product Type

10.4.4.2. Market Revenue and Volume Forecast, By Distribution Channel

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Product Type

10.4.5.2. Market Revenue and Volume Forecast, By Distribution Channel

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Product Type

10.4.6.2. Market Revenue and Volume Forecast, By Distribution Channel

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Product Type

10.5.2. Market Revenue and Volume Forecast, By Distribution Channel

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Product Type

10.5.3.2. Market Revenue and Volume Forecast, By Distribution Channel

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Product Type

10.5.4.2. Market Revenue and Volume Forecast, By Distribution Channel

Chapter 11. Company Profiles

11.1. Lotte Duty-Free

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. DFS Group

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. King Power

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. China Duty-Free Group Co. Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Flemingo International Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Dufry

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Duty Free Americas Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. WHSmith

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Delhi Duty-Free

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Dubai Duty-Free

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global duty-free and travel retail market size is expected to grow from USD 77.18 billion in 2024 to USD 667.61 billion by 2034.

The duty-free and travel retail market is anticipated to grow at a CAGR of 24.08% between 2025 and 2034.

The major players operating in the duty-free and travel retail market are Lotte Duty-Free, DFS Group, King Power, China Duty-Free Group Co. Ltd., Flemingo International Ltd., Dufry, Duty Free Americas Inc., WHSmith, Delhi Duty-Free, Dubai Duty-Free, The Shilla Duty-Free, and Others.

The driving factors of the duty-free and travel retail market are the shift towards excellent travel experiences and duty-free purchase of goods.

Asia Pacific region will lead the global duty-free and travel retail market during the forecast period 2025 to 2034.

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