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Travel Retail Market to Witness Huge Growth in Coming Years

The travel retail market size was valued at $52.7 billion in 2021, and is estimated to reach $187 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031.<br><br>The global travel retail market is driven by factors such as the development of the travel & tourism industry, the rise in the purchase of luxury products among travellers, and an increase in the purchase of duty-free products. <br><br>Know More- https://www.prnewswire.com/news-releases/travel-retail-market-to-reach-187-1-billion-globally-by-2031-at-9-6-cagr-allied-market-research-301834677.html

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Travel Retail Market to Witness Huge Growth in Coming Years

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  1. GET PDF GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2022-2031 Travel Retail Market KNOW MORE

  2. Market Overview  The travel retail market size was valued at $52.7 billion in 2021, and is estimated to reach $187 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031.  Development of the travel & tourism industry, rapid urbanization, and changes in lifestyle owing to increase in disposable income of consumers, drive the growth of the travel retail market trends. Do Inquiry before buying : Click Here

  3. Key Takeaways of Travel Retail Market  By product type, the perfumes & cosmetics segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.  As per distribution channel, the airports segment was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.  Region wise, Asia-Pacific was the highest revenue contributor to the market in 2021 and is expected to grow at a significant CAGR during the forecast period.

  4. Key Benefits For Stakeholders  This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the travel retail market analysis from 2021 to 2031 to identify the prevailing travel retail market opportunities.  The market research is offered along with information related to key drivers, restraints, and opportunities.  Major countries in each region are mapped according to their revenue contribution to the global market.  Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.  The report includes the analysis of the regional as well as global travel retail market trends, key players, market segments, application areas, and market growth strategies.

  5. GEOGRAPHICAL OVERVIEW  Depending on the region, Asia-Pacific held the major share in 2021 and is expected to dominate the global market at a significant CAGR during the forecast period 2022-2031.  Growth of the travel & tourism segment along with rise in number of international routes is majorly driving the market for duty-free retailing in Asia-Pacific.  Moreover, increase in levels of urbanization along with the advent of low-cost carrier airlines are driving the sales of duty-free travel retail products in the region. The market is further driven by growth and emergence of duty-free stores around the various international seaports and airports.  

  6. LEADING MARKET PLAYERS  DFS Group  Dufry, LS travel retail  Lotte Duty Free  King Power International Group  The Shilla Duty Free, Gebr  Heinemann, China Duty Free Group (CDFG)  Aer Rianta International (ARI)  The Naunace Group

  7. ABOUT ALLIED MARKET RESEARCH Allied Market Research (AMR) Is A Full-service Market Research And Business-consulting Wing Of Allied Analytics LLP Based In Portland, Oregon. Allied Market Research Provides Global Enterprises As Well As Medium And Small Businesses With Unmatched Quality Of "Market Research Reports" And "Business Intelligence Solutions." AMR Has A Targeted View To Provide Business Insights And Consulting To Assist Its Clients To Make Strategic Business Decisions And Achieve Sustainable Growth In Their Respective Market Domain. We Are In Professional Corporate Relations With Various Companies And This Helps Us In Digging Out Market Data That Helps Us Generate Accurate Research Data Tables And Confirms Utmost Accuracy In Our Market Forecasting. Each And Every Data Presented In The Reports Published By Us Is Extracted Through Primary Interviews With Top Officials From Leading Companies Of Domain Concerned. Our Secondary Data Procurement Methodology Includes Deep Online And Offline Research And Discussion With Knowledgeable Professionals And Analysts In The Industry. Contact: David Correa United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | Twitter | LinkedIn |

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