Market Research Logo

Global Duty Free Retailing, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape

Global Duty Free Retailing, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape

Summary

Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travelers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of duty free retail space will contribute to the global sales.

Key Findings

  •  Global will register CAGR of 6.7% during 2015–2020 with Asia-Pacific contributing to majority of the sales
  •  South Korea is the largest market globally and will retain its position growing at a CAGR of 9.6%
  •  India will be the fastest growing market at 20.7% during 2015–2020, followed by Japan, which will enter top 10 largest market list at the seventh position in 2020
  •  Cosmetic and toiletries was the largest category in 2015 and is set to witness a CAGR of 7.9% during the next five years, driven by demand for Korean cosmetics, introduction of specialized concepts promoting higher customer engagement
Synopsis

The “Global Duty Free Retailing, 2015–2020” report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel across the globe.

What else does this report offer?
  •  Current market sizes and forecasts to 2020 by country and category; covers 50 countries and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
  •  Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
  •  International arrivals by country and top 10 source countries for international arrivals in top 20 countries
  •  Retail sales and fastest-growing markets for duty free channel
  •  Category level retail sales and forecast growth rates for each country
  •  Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, recent key events, and outlook
Reasons To Buy

Get immediate access to:
  •  Get reliable duty free retail sales data on 50 countries worldwide for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk
  •  Explore an in-depth analysis of duty free retail sales data by country and categories to spot and target key categories in each country, and use to plan growth opportunities and develop strategies for each
  •  Learn from duty free retail trends and market drivers to customize your entry/expansion approach depending on the duty free retail landscape
  •  Make country level comparisons to effectively target new revenue streams and align marketing strategies with the crucial trends influencing duty free spending in the region
  •  Choose partners , understand the competition, with data and analysis of major duty free operators in the region, including market shares, trading performance, locations, latest developments, and the outlook for each


  • Executive Summary
  • Global Duty Free Retailing The Market
    • Market drivers in the global duty free market
    • Top 10 duty free markets by value in the global duty free market (US$ billion)
    • Top 10 fastest-growing duty free markets
    • Global duty free retail - Biggest gainers and losers (in terms of growth)
    • Largest duty free markets across the globe
      • Table South Korea will retain its position as the largest duty free market
      • Table Arrival duty free is the major factor driving duty free sales in India and Brazil
      • Table Duty free sales in Argentina will decline due to currency devaluation
    • Top 20 countries by value in 2020 and CAGR
    • Share of each region in global duty free sales, 2010, 2015, and 2020
    • Global duty free retail - Regional Summary
    • Global duty free category sales* 2015 & 2020
    • Duty free category sales* globally, 2010, 2015, and 2020
      • Table Cosmetics and toiletries is the fastest-growing category
    • Duty free category sales in the Americas, 2010, 2015, and 2020
      • Table Fragrances is the largest category in the Americas
    • Duty free category sales in Europe, 2010, 2015, and 2020
      • Table Cosmetics and toiletries is the fastest-growing category in Europe
    • Duty free category sales in Asia-Pacific, 2010, 2015, and 2020
      • Table Cosmetics and toiletries will produce greatest value increase
    • Duty free category sales in the Middle East and Africa, 2010, 2015, and 2020
      • Table Fragrances is the fastest-growing category in the Middle East and Africa
  • Global Duty Free Retailing Trends
    • Market drivers - Growth in international travelers
    • Duty free retail - Trends
    • Retail Innovations
  • Global Duty Free Retailing Market Drivers
    • Market drivers - Inbound tourism
    • Market drivers - Inbound tourism in top 20 countries*
      • Table International arrivals by country to France (in millions)
    • Market drivers - Inbound tourism
      • Table International arrivals by country to the US (in millions)
      • Table International arrivals by country to Spain (in millions)
      • Table International arrivals by country to China (in millions)
      • Table International arrivals by country to Italy (in millions)
      • Table International arrivals by country to Turkey (in millions)
      • Table International arrivals by country to Germany (in millions)
      • Table International arrivals by country to UK (in millions)
      • Table International arrivals by country to Mexico (in millions)
      • Table International arrivals by country to Thailand (in millions)
      • Table International arrivals by country to Hong Kong (in millions)
      • Table International arrivals by country to Austria (in millions)
      • Table International arrivals by country to Greece (in millions)
      • Table International arrivals by country to Malaysia (in millions)
      • Table International arrivals by country to Russia (in millions)
      • Table International arrivals by country to Japan (in millions)
      • Table International arrivals by country to Canada (in millions)
      • Table International arrivals by country to Poland (in millions)
      • Table International arrivals by country to Portugal (in millions)
      • Table International arrivals by country to the Netherlands (in millions)
    • Market drivers - Consumer trends
      • Table How much did you spend on each type of product per visit? - The average global travelers spend in duty free
      • Table How much did you spend on each type of product per visit? - The average travelers from each region spend in duty free (Average Spend US$)
  • Global Duty Free Retailing Major operators
    • Duty free retail - major operators across the globe
    • Duty free retail - Dufry
      • Table Dufry trading record (SFr million), 2011-2015
      • Table Dufry trading record (US$ million), 2011-2015
      • Table Dufry pro-forma (US$ million), 2011-2015
    • Duty free retail - DFS
      • Table DFS trading record (€m), 2011-15
      • Table DFS trading record (US$ m), 2011-15
    • Duty free retail - Lotte Duty Free
      • Table Lotte Duty Free trading record (US$ million), 2011-2015
    • Duty free retail - Gebr. Heinemann
      • Table Gebr. Heinemann trading record, 2011-2015
    • Duty free retail - The Shilla Duty Free
      • Table The Shilla Duty Free trading record (US$ million), 2011-2015
    • Duty free retail - Dubai Duty Free
      • Table Dubai Duty Free trading record (US$ million), 2011-2015
    • Duty free retail - Ever Rich Group
      • Table Ever Rich Group trading record (US$ million), 2011-2015
    • Duty free retail - Sunrise Duty Free
      • Table Sunrise Duty Free trading record (US$ million), 2011-2015
    • Duty free retail - Aelia Group (LS Travel Retail)
      • Table Aelia Group (LS Travel Retail) trading record (€m), 2011-2015
      • Table Aelia Group (LS Travel Retail) trading record (US$ m), 2011-2015
    • Duty free retail - China Duty Free Group
      • Table China Duty Free Group trading record (US$ million), 2011-2015
  • Appendix
    • Definitions
    • Methodology
    • Methodology and sample size
    • Countries Covered

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report