The global travel retail market size is expected to reach USD 128.80 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 8.7% over the forecast years. Rapidly expanding retail and travel and tourism industry along with increasing per capita income levels is expected to drive the market growth. Different retail channels help in improving the retail experience of the passengers while contributing to economic growth.
The airport retail segment is expected to gain traction over the forecast period and is expected to reach over USD 91.75 billion by 2025. On the basis of products, perfume & cosmetics segment held a significant share of the market in 2017. Driven by the rising demand for branded cosmetics, such as makeup and skin care products, which are available discounted rates at the duty-free stores, the segment is projected to expand further
The travel retail industry is focusing on enhancing customer experience and use data to provide customers an integrated experience. For example, Kuala Lumpur International Airport has integrated big data platform deployed for its KLIA2 terminal. This platform will extract passenger’s real-time location throughout the airport for real-time status check, travel plans, and so on.
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Further key findings from the study suggest:
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Grand View Research has segmented the global travel retail market on the basis product, channel, and region:
Travel Retail Product Outlook (Revenue, USD Million, 2015 – 2025)
Travel Retail Channel Outlook (Revenue, USD Million, 2015 – 2025)
Travel Retail Regional Outlook (Revenue, USD Million, 2015 – 2025)
Key Topics Covered
Table of Content
Chapter 1 Methodology and Scope 1.1 Information Procurement 1.2 Purchased Database 1.2.1 GVR’s internal database 1.3 Research Methodology 1.4 Research Scope and Assumptions 1.5 List to Data Sources 1.6 List of Abbreviations Chapter 2 Executive Summary Chapter 3 Market Definitions 3.1 Market Segmentation Chapter 4 Industry Outlook 4.1 Market Snapshot 4.2 Global Travel Retail Market 4.2.1 Global Travel Retail Market, 2015 – 2025 (USD Million) 4.3 Regional Business Analysis 4.3.1 Global Travel Retail Market, By Region, 2015 – 2025 (USD Million) 4.4 Product Business Analysis 4.4.1 Global Travel RetailMarket, by Product, 2015 – 2025 (USD Million) 4.5 Channel Business Analysis 4.5.1 Global Travel Retail Market, By Channel, 2015 – 2025 (USD Million) 4.7 Value Chain Analysis 4.8 Market Variable Analysis …. continue
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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