Travel Retail Market Size, Share, Industry, Forecast and outlook (2024-2031)
Published: 2024 January 09
SKU : ICT1011
180 pages
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FAQ’s
What is the expected growth of the travel retail market?
The global travel retail market is projected to grow at a CAGR of 7.9% from 2023 to 2030, driven by factors like rising disposable income, increased air travel, and urbanization.
Which region is the fastest-growing in travel retail?
The Asia Pacific region is the fastest-growing, with China and Japan contributing significantly due to their booming economies and consumer spending power.
What are the most popular product categories in travel retail?
Perfumes and cosmetics, fashion and accessories, tobacco goods, wines and spirits are the top-selling categories, with luxury brands dominating the market.
What are the key challenges facing the travel retail industry?
Stringent government regulations, unorganized local markets, and currency fluctuations are some of the main challenges for travel retail growth.
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