Duty-Free Retailing Market A View of the Current State, Manufacturers, Analysis Research and Future Demand
Market Overview The duty-free retailing market has experienced substantial growth in recent years, propelled by an expanding global travel industry and increasing consumer preferences for tax-free shopping. Duty-free retailing refers to the sale of goods to international travelers without the imposition of local import duties or taxes. This market has witnessed a surge in demand as travelers seek diverse product offerings at competitive prices in duty-free shops, spanning categories such as cosmetics, electronics, luxury goods, and alcoholic beverages. The rise in international tourism, coupled with the convenience of duty-free shopping, has significantly contributed to the market's positive trajectory. Duty-Free Retailing Market was USD 35,750.38 Million in 2022. It is projected to reach USD 78,379.08 Million by 2030, indicating a CAGR of 10.5% during the forecast period. Get Sample Report Here Market Key Players Dufry AG, LOTTE Duty-free Company, DFS Group ...