Duty-Free Liquor Market - Future growth, 2026

1. Opportunity Analysis and Industry Forecast, 2016-2023 Duty-Free Liquor Market Global Opportunity Analysis and Industry Forecast, 2019-2026

2. Duty-free Liquor Market Outlook - 2026 The global duty-free liquor market size was valued at $2.8 billion in 2018 and is expected to grow at a CAGR of 9.4% to reach $3.7 billion by 2026. Duty-free liquor refers to the liquor exempted from payment of national taxes and duties, and other certain local taxes. Duty-free liquor are sold to travelers travelling to some other country. Such shops or retail outlets are available at various channels such as airports, cruise liners, railway stations, and border, downtown, and hotel shops. People also buy liquor from duty-free stores to spend the  surplus foreign currency before going back to their home country. Request Sample Report: The duty-free shops have become a favorite destination for travelers who like to shop before starting their journey. This is due to the elimination of local import tax or the duties implemented by the government bodies. This results in lesser pricing of liquor or any other products such as cosmetics, perfumes, souvenir, and others, which are available at duty-free shops. The global duty-free liquor market is driven by rapid growth in urbanization. North America and Europe are among the most urbanized regions with nearly 81% and 80% urban population respectively. Africa and Asia have comparatively lower shares, with 40% and 48% urban population, respectively

3. Key Factors For Duty-free Liquor Market: The factors that promote the growth of the travel & tourism industry include changes in lifestyle, rise in tourism promotion, increase in number of passengers and frequent fliers, and others, which in turn are expected to fuel the growth of the duty-free liquor market. Consumers mostly tend to purchase liquor from duty-free stores located at airports, railway stations, cruise liners, and others, as it is available at a cheaper price as compared to liquors available at regular stores. Also, rise in disposable income is a crucial factor in propelling the duty-free liquor marketin the upcoming years. Improvement in economic condition and growth in disposable income are the two key factors that propel the duty-free liquor market growth. After the 2009 economic crisis in Europe, the world economy witnessed a standstill. Almost all the countries in the world were affected by this economic crisis. However, strong recovery from the crisis results in strong economic growth, especially in the developing economies, and has led to increase in disposable income among the middle-income groups, consequentially adding to the middle-class population. 

4. Key Players In The Duty-free Liquor Market: The key players operating in the global duty-free liquor market analysis focus on prominent strategy to overcome competition and to maintain as well as improve their share worldwide. The key players profiled in the report include Brown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands, Inc, REMY COINTREAU, Pernod, and Ricard.

5. Key Benefits For Duty-free Liquor Market: The report provides a quantitative analysis of the current industry, estimations, trends, dynamics and duty-free liquor market share from 2018 to 2026 to identify the prevailing industry opportunities. The key countries in all the major regions are mapped based on the duty-free liquor market trends and share. Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. In-depth duty-free liquor market share analysis of the industry segment and size assists to determine the prevailing industry opportunities. Industry player positioning segment facilitates benchmarking and provides a clear understanding of the present position of players along with the duty-free liquor market forecast.

6. Duty-free Liquor Market Segments: By Channel Cruise liners Airports Railway Station Border, downtown and hotel shops By Type Beer Wine Vodka Cognac Whiskey

7. By Region • North America • U.S. • Canada • Mexico • Europe • Germany • France • UK • Italy • Spain • Rest of Europe • Asia-Pacific • Japan • China • Australia • India • Rest of Asia-Pacific • LAMEA • Brazil • Argentina • Saudi Arabia • South Africa • Rest of LAMEA

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