Consumer Goods and Services

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

Duty Free Retailing.jpg

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

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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 GlobalData Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel across the globe.

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Table of Contents

Global Duty Free Retailing
Global duty free retailing — The market
Drivers and Inhibitors
Duty free retail sales by country and category 2015 and 2020
Duty free retail sales by region 2015 and 2020
Regional summary
Global duty free retailing — Trends
Global trends
Retail innovations
Global duty free retailing — Market drivers
Inbound tourism data by each country
Consumer trends

MORE DETAILS @ https://www.24marketreports.com/consumer-goods-and-services/global-duty-free-retailing-2015-20203B-market-dynamics-retail-trends-and-competitive-landscape

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