Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travellers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of duty free retail space will contribute to the global sales.
Natural and Organic Foods and Beverages in the U.S., 4th Edition
Global Duty Free Retailing 2015-2020; Market Dynamics, Retail Trends and Competitive Landscape
1. Global Duty Free Retailing 2015-
2020; Market Dynamics, Retail
Trends and Competitive
Landscape
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2. ABSTRACT
Global will register CAGR of 6.7% during 2015-2020 with Asia-Pacific
contributing to majority of the sales
South Korea is the largest market globally and will retain its position
growing at a CAGR of 9.6%
India will be the fastest growing market at 20.7% during 2015-2020,
followed by Japan, which will enter top 10 largest market list at the seventh
position in 2020
Cosmetic and toiletries was the largest category in 2015 and is set to
witness a CAGR of 7.9% during the next five years, driven by demand for
Korean cosmetics, introduction of specialized concepts promoting higher
customer engagement
3. ABSTRACT
Duty free channel has produced notable growth over the last five years; however, it was far
below its potential as the market was largely impacted by recession and the European crisis. Over
the next five years, the market is expected to expand at a faster rate mainly driven by increasing
number of international travellers, supported by growth of low cost airlines and new air routes
across the world, modernization of airports, and new duty free retail space. In addition, organic
growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of
duty free retail space will contribute to the global sales.
What else does this report offer?
Current market sizes and forecasts to 2020 by country and category; covers 50 countries and
20 categories, including clothing, consumer electronics, drinks, footwear, home wares, jewelery,
watches and accessories, luggage and leather goods, packaged food, health and beauty,
photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
Market insights based on consumer trends and changing economic and demographic factors on
a regional and country basis
International arrivals by country and top 10 source countries for international arrivals in top 20
countries
Retail sales and fastest-growing markets for duty free channel
Category level retail sales and forecast growth rates for each country
4. Length Publisher Published Date
136 Pages
Verdict Retail
July 31, 2016
Table of Contents
Analysis of regional duty free market 2010, 2015 and 2020
The Market
- Drivers and inhibitors
Trends
- Retail innovations
Market Drivers
- New airports
- Digital duty free
- Cruise and in-flight
Learn more about this report
5. ABOUT THE PUBLISHER
A passion for shopping, clothes, cars and gadgets...
Our company was founded in September 1984 by Richard Hyman. Richard’s
mission was to make Verdict the best in retail research and analysis,•differentiating
the brand by writing opinion rather than merely reporting retail facts.
We don't just work with retailers, manufacturers and consumer brands
Many of our clients are property companies, banks and large management
consultancies, which use our information to strengthen the service they provide to
the retail sector.
View more reports from this publisher
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