According to IMARC Group’s latest report, titled “Asia Pacific Duty-Free Retailing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Asia Pacific duty-free retailing market reached a value of US$ 37.5 Billion in 2020.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Duty-free shops are the retail outlets where products are exempted from national taxes and duties to provide a unique sales channel to international travelers and tourists. These outlets are generally located at international airports, seaports, border shops, international train stations, and onboard aircraft. Duty-free retailing comprises a vast product range, including perfumes, cosmetics, alcohol, confectionaries, electronics, fashion accessories, etc.
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The expanding travel and tourism industry in the Asia Pacific region, along with the increasing number of international routes is primarily driving the duty-free retailing market. Moreover, growing urbanization and the proliferation of low-cost carrier (LCC) airlines further elevate the duty-free goods sales in the region. Additionally, the high presence of duty-free goods related to country-specific culture and heritage also attracts international tourists. The increasing traction of these stores offering several luxury and premium brands also drives the market growth. Rapid digitalization and rising influx of social media marketing strategies have facilitated retailers to promote their exclusive products to international consumers. The wide availability of duty-free goods on online platforms is also propelling the market growth in the Asia Pacific region. Moreover, the growing popularity of self-service stations, such as kiosks and other interactive sales channels, has further enabled retailers to overcome the linguistic barrier, which has also fostered the Asia Pacific duty-free retailing market.
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List of Key Companies Covered in this Market Report:
China Duty Free (Group) Co. Ltd
DFS Group Ltd. (LVMH)
Ever Rich D.F.S. Corporation
Japan Airport Terminal Co. Ltd.
King Power International Company Limited
Lagardère Travel Retail Pacific (Lagardère Group)
Lotte Duty Free (Lotte Corporation)
Shinsegae DF Inc. (Shinsegae Inc.)
The Shilla Duty Free Shop (Hotel Shilla Co., Ltd.).
Breakup by Product Type:
Fragrances & Cosmetics
Alcohol & Spirits
Fashion & Accessories
Watches & Jewellery
Confectionary & Fine Food
Breakup by Distribution Channel:
Breakup by Country:
China (including Hong Kong)
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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