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The Global Duty-free Retailing Market is expected to grow by USD 5.30 bn during 2021-2025, progressing at a CAGR of 8.56% during the forecast period

·3 min read

Global Duty-free Retailing Market 2021-2025 The analyst has been monitoring the duty-free retailing market and it is poised to grow by USD 5. 30 bn during 2021-2025, progressing at a CAGR of 8.

New York, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Duty-free Retailing Market 2021-2025" - https://www.reportlinker.com/p03546968/?utm_source=GNW
56% during the forecast period. Our report on the duty-free retailing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the exemption of excise duty on premium products, growing international tourism, and growing number of retail stores offering duty-free products. In addition, exemption of excise duty on premium products is anticipated to boost the growth of the market as well.
The duty-free retailing market analysis includes product and distribution channel segments and geographic landscape.

The duty-free retailing market is segmented as below:
By Product
• Fashion apparel
• Cosmetics and perfumes
• Tobacco and alcoholic beverages
• Confectionery and fine foods

By Distribution Channel
• Airports
• Border, downtown, and hotel shops
• Others

By Geographical Landscape
• APAC
• Europe
• North America
• MEA
• South America

This study identifies the high growth rate of duty-free retailing in developing regions as one of the prime reasons driving the duty-free retailing market growth during the next few years. Also, growing M&A activities and high penetration of global brands will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on duty-free retailing market covers the following areas:
• Duty-free retailing market sizing
• Duty-free retailing market forecast
• Duty-free retailing market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading duty-free retailing market vendors that include DFS Group Ltd., Dubai Duty Free, Dufry AG, Gebr. Heinemann SE and Co. KG, HOTEL SHILLA Co. Ltd., James Richardson Group, King Power International Co. Ltd., Lagardere SCA, Lotte Shopping co. Ltd., and LVMH Moet Hennessy - Louis Vuitton. Also, the duty-free retailing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p03546968/?utm_source=GNW

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