Travel Retail Market (8.1% CAGR) 2018 to 2026: Global Industry Size, Share, Growth, Trends and Forecast

According to the latest report published by Credence Research, Inc., the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1% from 2018 to 2026.

Market Insights

The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/travel-retail-market

The emerging middle class in the new markets is one of the main driving factor for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting the increasing number of travelers in the developing countries is. As travel becoming more accessible, consumers have shown a great desire for it, and filling the seats of airlines. More prominently due to increasing number of middle class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle class customers during travel retail shopping.

In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India and Japan are the prime markets for travel retail in Asia Pacific accounting for significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving standard of living, rise in disposable income, and development of the tourism industry. Furthermore, owing to stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury a perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe's market accounts for major share of the travel retail sector as region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.

Aer Rianta International (ARI), China Duty Free Group (CDFG), DFASS Group, DFS Group, Dufry AG, Gebr. Heinemann SE & Co. KG, King Power International Group, Lotte Group, Lagardère Group, The Naunace Group and The Shilla Duty Free among others are some of the prominent players in global travel retail market.

You can get the sample copy of this research by Credence Research here:  https://www.credenceresearch.com/sample-request/59288

Table of Content

Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I – Secondary Research 17
1.3.2 Phase II – Primary Research 18
1.3.3 Market Size Estimation 18
1.3.4 Top-Down Approach 18
1.3.5 Bottom-Up Approach 19
1.3.6 Phase III – Expert Panel Review 19
1.3.7 Assumptions 20
1.4 Market Segmentation 20

Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global Travel Retail Market 22
2.1.1 Global Travel Retail Market, by Product Category, 2017 (US$ Bn) 22
2.1.2 Global Travel Retail Market, by Sales Channel, 2017 (US$ Bn) 23
2.1.3 Global Travel Retail Market, by Geography, 2017 (US$ Bn) 23

Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.2 Market Dynamics 25
3.2.1 Market Drivers 25
3.2.1.1 The Emerging Middle Class in The New Markets 25
3.2.1.2 The Boom in the Asia-Pacific Travel Retail Market 26
3.2.2 Market Challenges 27
3.2.2.1 High Operating Expenses 27
3.2.2.2 Stringent Regulations in Airport Retailing 28
3.2.3 Market Opportunities 29
3.2.3.1 Digitizing the Travel Retail 29
3.2.3.2 Increasing Demand From Emerging Economies 31
3.3 Attractive Investment Proposition, by Geography, 2017 32
3.4 Market Positioning of Key Players, 2017 33

Chapter 4 Global Travel Retail Market, by Product Category 34
4.1 Overview 34
4.1.1 Global Travel Retail Market Value Share, by Product Category, 2017 & 2026 (Value, %) 35
4.1.2 Global Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 35
4.2 Perfumes and Cosmetics 36
4.2.1 Global Travel Retail Market, by Perfumes and Cosmetics, 2016 – 2026 (US$ Bn) 36
4.3 Wines and Spirits 37
4.3.1 Global Travel Retail Market, by Wines and Spirits, 2016 – 2026 (US$ Bn) 37
4.4 Fashion and Accessories 38
4.4.1 Global Travel Retail Market, by Fashion and Accessories, 2016 – 2026 (US$ Bn) 38
4.5 Tobacco Products 39
4.5.1 Global Travel Retail Market, by Tobacco Products, 2016 – 2026 (US$ Bn) 39
4.6 Watches and Jewellery 40
4.6.1 Global Travel Retail Market, by Watches and Jewellery, 2016 – 2026 (US$ Bn) 40
4.7 Electronics and Gifts 41
4.7.1 Global Travel Retail Market, by Electronics and Gifts, 2016 – 2026 (US$ Bn) 41
4.8 Confectionery and Fine Foods 42
4.8.1 Global Travel Retail Market, by Confectionery and Fine Foods, 2016 – 2026 (US$ Bn) 42

Chapter 5 Global Travel Retail Market, by Sales Channel 43
5.1 Overview 43
5.1.1 Global Travel Retail Market Value Share, by Sales Channel, 2017 & 2026 (Value, %) 44
5.1.2 Global Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 44
5.2 Airport 45
5.2.1 Global Travel Retail Market, by Airport, 2016 – 2026 (US$ Bn) 45
5.3 Airlines 46
5.3.1 Global Travel Retail Market, by Airlines, 2016 – 2026 (US$ Bn) 46
5.4 Ferries and Cruises 47
5.4.1 Global Travel Retail Market, by Ferries and Cruises, 2016 – 2026 (US$ Bn) 47
5.5 Other Shops and Sales 48
5.5.1 Global Travel Retail Market, by Other Shops and Sales, 2016 – 2026 (US$ Bn) 48

Chapter 6 Global Travel Retail Market, by Geography 49
………

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Travel Retail Market Size, Share, Growth, Trends, Analysis and Forecast 2018 To 2026 | Credence Research

According to the latest report published by Credence Research, Inc. “Global Travel Retail Market By Product Category (Perfumes And Cosmetics, Wines And Spirits, Fashion And Accessories, Tobacco Products, Watches And Jewellery, Electronics And Gifts, Confectionery And Fine Foods), By Sales Channel (Airport, Airlines, Ferries And Cruises, Other) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026,” the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1.% from 2018 to 2026.

Browse the full report Global Travel Retail Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/travel-retail-market

Market Insights

The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.

The emerging middle class in the new markets is one of the main driving factor for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting the increasing number of travelers in the developing countries is. As travel becoming more accessible, consumers have shown a great desire for it, and filling the seats of airlines. More prominently due to increasing number of middle class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle class customers during travel retail shopping.

In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India and Japan are the prime markets for travel retail in Asia Pacific accounting for significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving standard of living, rise in disposable income, and development of the tourism industry. Furthermore, owing to stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury a perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe's market accounts for major share of the travel retail sector as region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.

Aer Rianta International (ARI), China Duty Free Group (CDFG), DFASS Group, DFS Group, Dufry AG, Gebr. Heinemann SE & Co. KG, King Power International Group, Lotte Group, Lagardère Group, The Naunace Group and The Shilla Duty Free among others are some of the prominent players in global travel retail market.

Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59288

Table of Content

Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I – Secondary Research 17
1.3.2 Phase II – Primary Research 18
1.3.3 Market Size Estimation 18
1.3.4 Top-Down Approach 18
1.3.5 Bottom-Up Approach 19
1.3.6 Phase III – Expert Panel Review 19
1.3.7 Assumptions 20
1.4 Market Segmentation 20

Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global Travel Retail Market 22
2.1.1 Global Travel Retail Market, by Product Category, 2017 (US$ Bn) 22
2.1.2 Global Travel Retail Market, by Sales Channel, 2017 (US$ Bn) 23
2.1.3 Global Travel Retail Market, by Geography, 2017 (US$ Bn) 23

Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.2 Market Dynamics 25
3.2.1 Market Drivers 25
3.2.1.1 The Emerging Middle Class in The New Markets 25
3.2.1.2 The Boom in the Asia-Pacific Travel Retail Market 26
3.2.2 Market Challenges 27
3.2.2.1 High Operating Expenses 27
3.2.2.2 Stringent Regulations in Airport Retailing 28
3.2.3 Market Opportunities 29
3.2.3.1 Digitizing the Travel Retail 29
3.2.3.2 Increasing Demand From Emerging Economies 31
3.3 Attractive Investment Proposition, by Geography, 2017 32
3.4 Market Positioning of Key Players, 2017 33

Chapter 4 Global Travel Retail Market, by Product Category 34
4.1 Overview 34
4.1.1 Global Travel Retail Market Value Share, by Product Category, 2017 & 2026 (Value, %) 35
4.1.2 Global Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 35
4.2 Perfumes and Cosmetics 36
4.2.1 Global Travel Retail Market, by Perfumes and Cosmetics, 2016 – 2026 (US$ Bn) 36
4.3 Wines and Spirits 37
4.3.1 Global Travel Retail Market, by Wines and Spirits, 2016 – 2026 (US$ Bn) 37
4.4 Fashion and Accessories 38
4.4.1 Global Travel Retail Market, by Fashion and Accessories, 2016 – 2026 (US$ Bn) 38
4.5 Tobacco Products 39
4.5.1 Global Travel Retail Market, by Tobacco Products, 2016 – 2026 (US$ Bn) 39
4.6 Watches and Jewellery 40
4.6.1 Global Travel Retail Market, by Watches and Jewellery, 2016 – 2026 (US$ Bn) 40
4.7 Electronics and Gifts 41
4.7.1 Global Travel Retail Market, by Electronics and Gifts, 2016 – 2026 (US$ Bn) 41
4.8 Confectionery and Fine Foods 42
4.8.1 Global Travel Retail Market, by Confectionery and Fine Foods, 2016 – 2026 (US$ Bn) 42

Chapter 5 Global Travel Retail Market, by Sales Channel 43
5.1 Overview 43
5.1.1 Global Travel Retail Market Value Share, by Sales Channel, 2017 & 2026 (Value, %) 44
5.1.2 Global Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 44
5.2 Airport 45
5.2.1 Global Travel Retail Market, by Airport, 2016 – 2026 (US$ Bn) 45
5.3 Airlines 46
5.3.1 Global Travel Retail Market, by Airlines, 2016 – 2026 (US$ Bn) 46
5.4 Ferries and Cruises 47
5.4.1 Global Travel Retail Market, by Ferries and Cruises, 2016 – 2026 (US$ Bn) 47
5.5 Other Shops and Sales 48
5.5.1 Global Travel Retail Market, by Other Shops and Sales, 2016 – 2026 (US$ Bn) 48

Chapter 6 Global Travel Retail Market, by Geography 49
6.1 Overview 49
6.1.1 Global Travel Retail Market Value Share, by Geography, 2017 & 2026 (Value %) 50
6.1.2 Global Travel Retail Market, by Geography 2016 – 2026 (US$ Bn) 50
6.2 North America 51
6.2.1 North America Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 51
6.2.2 North America Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 52
6.2.3 North America Travel Retail Market, by Country, 2016 – 2026 (US$ Bn) 52
6.2.4 U.S. 53
6.2.4.1 U.S. Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 53
6.2.4.2 U.S. Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 54
6.2.5 Canada 54
6.2.5.1 Canada Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 55
6.2.5.2 Canada Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 55
6.3 Europe 56
6.3.1 Europe Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 56
6.3.2 Europe Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 57
6.3.3 Europe Travel Retail Market, by Country/Region, 2016 – 2026 (US$ Bn) 57
6.3.4 U.K. 58
6.3.4.1 U.K. Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 58
6.3.4.2 U.K. Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 59
6.3.5 Germany 59
6.3.5.1 Germany Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 59
6.3.5.2 Germany Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 60
6.3.6 France 60
6.3.6.1 France Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 60
6.3.6.2 France Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 61
6.3.7 Rest of Europe 61
6.3.7.1 Rest of Europe Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 62
6.3.7.2 Rest of Europe Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 62
6.4 Asia-Pacific 63
6.4.1 Asia-Pacific Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 63
6.4.2 Asia-Pacific Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 64
6.4.3 Asia-Pacific Travel Retail Market, by Country/Region, 2016 – 2026 (US$ Bn) 64
6.4.4 China 65
6.4.4.1 China Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 65
6.4.4.2 China Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 66
6.4.5 Japan 66
6.4.5.1 Japan Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 66
6.4.5.2 Japan Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 67
6.4.6 Rest of Asia-Pacific 67
6.4.6.1 Rest of Asia-Pacific Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 68
6.4.6.2 Rest of Asia-Pacific Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 68
6.5 Latin America 69
6.5.1 Latin America Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 69
6.5.2 Latin America Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 70
6.5.3 Latin America Travel Retail Market, by Country/Region, 2016 – 2026 (US$ Bn) 70
6.5.4 Brazil 71
6.5.4.1 Brazil Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 71
6.5.4.2 Brazil Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 72
6.5.5 Mexico 72
6.5.5.1 Mexico Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 72
6.5.5.2 Mexico Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 73
6.5.6 Rest of Latin America 73
6.5.6.1 Rest of Latin America Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 73
6.5.6.2 Rest of Latin America Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 74
6.6 Middle East & Africa 74
6.6.1 Middle East & Africa Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 75
6.6.2 Middle East & Africa Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 76
6.6.3 Middle East & Africa Travel Retail Market, by Region, 2016 – 2026 (US$ Bn) 76
6.6.4 GCC 76
6.6.4.1 GCC Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 77
6.6.4.2 GCC Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 77
6.6.5 Rest of Middle East & Africa 78
6.6.5.1 Rest of Middle East & Africa Travel Retail Market, by Product Category, 2016 – 2026 (US$ Bn) 78
6.6.5.2 Rest of Middle East & Africa Travel Retail Market, by Sales Channel, 2016 – 2026 (US$ Bn) 79

Chapter 7 Company Profiles 80
7.1 Aer Rianta International (ARI) 80
7.2 China Duty Free Group (CDFG) 83
7.3 DFASS Group 86
7.4 DFS Group 88
7.5 Dufry AG 90
7.6 Gebr. Heinemann SE & Co. KG 92
7.7 King Power International Group 94
7.8 Lotte Group 96
7.9 Lagardère Group 98
7.10 The Naunace Group 100
7.11 The Shilla Duty Free 102

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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

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Travel Retail Market Is Projected To Grow With A CAGR Of 8.1% From 2018 To 2026

According to the latest report published by Credence Research, Inc. “Global Travel Retail Market - Growth, Future Prospects, and Competitive Analysis, 2018-2026,” the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1.% from 2018 to 2026.
Browse the full report Global Travel Retail Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at  https://www.credenceresearch.com/report/travel-retail-market
Market Insights
The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to the United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed a significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than the world average.
The emerging middle class in the new markets is one of the main driving factors for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting in the increasing number of travelers in the developing countries is. As travel becomes more accessible, consumers have shown a great desire for it and filling the seats of airlines. More prominently due to the increasing number of middle-class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle-class customers during travel retail shopping.
Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59288
In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India, and Japan are the prime markets for travel retail in the Asia Pacific accounting for a significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving the standard of living, the rise in disposable income, and development of the tourism industry. Furthermore, owing to the stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe's market accounts for a major share of the travel retail sector as the region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.
Aer Rianta International (ARI), China Duty-Free Group (CDFG), DFASS Group, DFS Group, Dufry AG, Gebr. Heinemann SE & Co. KG, King Power International Group, Lotte Group, Lagardère Group, The Nuance Group, and The Shilla Duty-Free among others are some of the prominent players in the global travel retail market.
By Product Category Segment 

• Perfumes and Cosmetics
• Wines and Spirits
• Fashion and Accessories
• Tobacco Products
• Watches and Jewellery
• Electronics and Gifts
• Confectionery and Fine Foods

By Sales Channel Segment 

• Airport
• Airlines
• Ferries and Cruises
• Other Shops and Sales

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• Latin America

Travel Retail Market Size, Share, Growth, Trends, Strategies, Analysis and Forecast 2018 to 2026: Credence Research

According to the latest report published by Credence Research, Inc. “Global Travel Retail Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1.% from 2018 to 2026.

Market Insights

The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.

Browse the full report Global Travel Retail Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/travel-retail-market

The emerging middle class in the new markets is one of the main driving factor for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting the increasing number of travelers in the developing countries is. As travel becoming more accessible, consumers have shown a great desire for it, and filling the seats of airlines. More prominently due to increasing number of middle class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle class customers during travel retail shopping.

Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59288

In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India and Japan are the prime markets for travel retail in Asia Pacific accounting for significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving standard of living, rise in disposable income, and development of the tourism industry. Furthermore, owing to stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury a perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe's market accounts for major share of the travel retail sector as region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.

Aer Rianta International (ARI), China Duty Free Group (CDFG), DFASS Group, DFS Group, Dufry AG, Gebr. Heinemann SE & Co. KG, King Power International Group, Lotte Group, Lagardère Group, The Naunace Group and The Shilla Duty Free among others are some of the prominent players in global travel retail market.

Download Free PDF Request for Customization: https://www.credenceresearch.com/request-for-customization/59288

By Product Category Segment

• Perfumes and Cosmetics
• Wines and Spirits
• Fashion and Accessories
• Tobacco Products
• Watches and Jewellery
• Electronics and Gifts
• Confectionery and Fine Foods

 By Sales Channel Segment

• Airport
• Airlines
• Ferries and Cruises
• Other Shops and Sales

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• Latin America

Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59288

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

E-mail: sales@credenceresearch.com

Ph.: 1-800-361-8290

Website: http://www.credenceresearch.com

Travel Retail Market: Key Trends with Market size, Industry Share, Market players and Forecast to 2026

According to the latest report published by Credence Research, Inc. “Global Travel Retail Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1.% from 2018 to 2026.
Credence Research lately added a new report titled "Travel Retail Market - Industry Size, Global Trends, Growth, Opportunities, Market Share and Market Forecast - 2017 to 2026" to its repository. This latest research study investigates the Travel Retail market through different segments primarily based on type, application and end-use, market participants, areas and presents country-level evaluation over the forecast period from 2017 to 2026.
Market Insights:
The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.
Browse Here For Full Report Travel Retail Market - Growth, Future Prospects, and Competitive Landscape, 2017-2026 with ToC: https://www.credenceresearch.com/report/travel-retail-market
The report on the Travel Retail market provides in-depth analysis covering key regional trends, market dynamics, and presents the country-level market size of the Travel Retail industry. Some of the key elements considered during the course of research included product definition, product classification, enterprise structure, a number of participants in the Travel Retail, etc.
The report consists of market sizes and forecast for the period from 2017 to 2026, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of main market players, vital analysis of market dynamics and profiling of key providers collaborating in the Travel Retail market.
Report Focus: The ‘Travel Retail - Global Trends, Estimates and Forecasts, 2017-2026’ reviews the latest developments in plastics industry with a perceptive to perceive the near-future growth prospects. The industry is a fragmented market with multiple participants, opens up numerous investment opportunities. The main investment focus is Travel Retail business. An in-depth analysis throughout the geographic regions gives strategic enterprise intelligence for the industry investments.
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The study offers profitable investment techniques for R&D organizations, manufacturing units, distributors, Contract Research Organizations (CROs) and many more in preferred locations.
The report primarily focuses on: Latest Market Trends,

• Region-wise Demand Factor
• Key Growth Areas
• Market Sizes
• Key Competitors Edge
• Investment Strategies

Estimates are primarily based on online surveys using customized questionnaires via our research team. Besides data from government databases, organization websites, press releases & published research reports are also used for estimates.
Geographic Coverage

• North America Travel Retail Market Revenue and Forecast
• Europe Travel Retail Market Revenue and Forecast
• Asia Pacific Travel Retail Market Revenue and Forecast
• Latin America Travel Retail Market Revenue and Forecast
• Middle East and Africa Travel Retail Market Revenue and Forecast

Leading Players:

• Aer Rianta International (ARI)
• China Duty Free Group (CDFG)
• DFASS Group
• DFS Group
• Dufry AG
• Heinemann SE & Co. KG
• King Power International Group
• Lotte Group
• Lagardère Group
• The Naunace Group
• The Shilla Duty Free

Browse Here For Full Report with ToC: https://www.credenceresearch.com/report/travel-retail-market
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Travel Retail Market Size, Share, Growth, Strategies, Analysis and Forecast 2018 To 2026

According to the latest report published by Credence Research, Inc. “Global Travel Retail Market– Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Travel Retail market accounted for US$ 63.59 Bn in 2017, expanding at a CAGR of 8.1.% from 2018 to 2026.

Market Insights

The global market for travel retail was at US$ 63.59 Bn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. According to United Nations’ World Tourism Organization, there has been tremendous growth in international tourist arrivals, from only 277 million in 1980 to over 1 billion in 2017. Significant development of the travel & tourism sector, along with medical tourism, raised the demand for travel retail services. Especially in the Asia Pacific region, the introduction of democratic airlines for traveling and budget airlines have contributed to the growing number of travelers. According to statistics from Airports Council International, the region witnessed significant increase in the travelers in 2017 as compared to 2016; increase in the traveler’s growth rate was substantially higher than world average.

Browse the full report Global Travel Retail Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/travel-retail-market

The emerging middle class in the new markets is one of the main driving factor for increasing demand for travel retail. The emerging middle class in many of the countries in the region is a major factor resulting the increasing number of travelers in the developing countries is. As travel becoming more accessible, consumers have shown a great desire for it, and filling the seats of airlines. More prominently due to increasing number of middle class population, China is the largest source of outbound tourists. In 2016, China followed by Russia represented approximately 29% of total tax-free spending worldwide. Retail benefits, a good selection of shopping malls, famous international brand stores and desire to buy products at a better price are some of the major factors considered by the middle class customers during travel retail shopping.

In 2017, Asia Pacific dominated the travel retail market in terms of value. China, India and Japan are the prime markets for travel retail in Asia Pacific accounting for significant share of total regional revenue. Asia-Pacific is growing at the fastest rate owing to improving standard of living, rise in disposable income, and development of the tourism industry. Furthermore, owing to stronger base of luxury brands, Europe is one of the prominent travel retail markets across the globe. The region holds headquarters of some of the biggest apparels and cosmetics brands, namely, H&M from Sweden and LVMH from France, which hold a substantial share in the luxury a perfumes, apparels and cosmetics sector, thus making Europe the second largest travel retail market. Europe’s market accounts for major share of the travel retail sector as region has headquarters of most of the luxury brands. Wealthy tourists from the Middle East, China, and the U.S. contribute considerably towards the growth of the European travel retail market.

Aer Rianta International (ARI), China Duty Free Group (CDFG), DFASS Group, DFS Group, Dufry AG, Gebr. Heinemann SE & Co. KG, King Power International Group, Lotte Group, Lagardère Group, The Naunace Group and The Shilla Duty Free among others are some of the prominent players in global travel retail market.

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Blog: http://www.technicaltop.com/2018/09/06/travel-retail-market-global-industry-size-share-growth-strategies-trends-analysis-and-forecast-2018-to-2026/

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

E-mail: sales@credenceresearch.com

Ph.: 1-800-361-8290

Website: http://www.credenceresearch.com