Travel Retail Market booming Worldwide Opportunity, Upcoming Trends & Growth Forecast 2029

 Travel Retail Market Overview: 

The competitive landscape of the Travel Retail market includes market information. The contents include a corporate description, financials, revenue generated, market potential, investment in research and development, new market initiatives, geographical presence, organization strengths and weaknesses, product introduction, and application dominance. The above data points are mainly relevant to the businesses' concentration on the Travel Retail market.

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Anticipated Revenue Growth:

Travel Retail Market size was valued at US$ 53.82 Bn. in 2021 and the total Global Travel Retail revenue is expected to grow by 9.2% from 2022 to 2029, reaching nearly US$ 108.82 Bn.

Market Scope:

This Travel Retail market report discusses the latest developments, import restrictions, import-export analysis, production analysis, value chain optimization, market share, the influence of domestic and localized market players, opportunities for emerging revenue sources, changes in market rules and regs, corporate strategy market growth analysis, market shares, segmented market growth, application niches and dominance, product approvals, product launches, and geographic expansion.

Travel Retail Segmentation: 

By Sales Channel Segment, the airport industry dominated the market in 2021, with the biggest market share. As a result of decreased prices and improved living conditions, it is projected that an increasing number of air travellers would contribute to segment growth. Additionally, efforts by numerous airports to boost non-aeronautical resource profitability have fueled the expansion of this segment's retail market. The category of border, downtown, and hotel retailers is anticipated to experience the fastest growth over the forecasting period. These kinds of shops showcase the newest fashion trends. Contrary to the airport area, rentals are lower for retailers in border and downtown areas.

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Key Companies:  The following are the key players of the Travel Retail market-

• Dufry Group
• Lotte Duty-Free
• The Shilla Duty-Free
• China Duty-Free Group
• Lagardére Travel Retail
• DFS Group
• Gebr Heinemann
• Shinsegae Duty-Free
• King Power International Group (Thailand)
• Ever Rich Duty-Free Shop
• Dubai Duty-Free
• Duty-Free Americas
• Aer Rianta International

Regional Analysis:

The geographical section of the research also includes individual market influencing factors and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Travel Retail Market: 

The research also discusses the impact of COVID-19 on the Travel Retail market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Travel Retail Market. The specific analysis focuses on market share and size, which demonstrates the influence that the pandemic has had and will have on the worldwide Travel Retail Market in the next years.

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Key Questions Answered in the Travel Retail Market Report are: 

  • What will be the Travel Retail market's CAGR throughout the projected period (2022-2029)?
  • Which market category emerged as the market leader in Travel Retail?
  • Who are the key players in the Travel Retail market?
  • What important trends in the Travel Retail industry are anticipated to develop throughout the forecast period?
  • How big will the Travel Retail market be in 2029?
  • In 2021, which business had the highest proportion of the Travel Retail market?

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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