Travel Beauty Retail Market to Reach A CAGR of 5.2% By The Year 2029

 

Market Analysis and Insights : Global Travel Beauty Retail Market

The global travel beauty retail market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing at a CAGR of 5.2% in the forecast period of 2022 to 2029 and is expected to reach USD 33,450,697.49 thousand by 2029. An increase in the millennial population is expected to drive the market.

Travel retail, also called duty-free, is a sales procedure comprising the commercialization of the goods relating to the various product categories. This sales channel comprises the goods that have not had the taxation and excise applied on their sale price and for sales to travelers. Travel retail is a retailing channel, providing products to international travelers. It is an important source of income and has several marketing prospects.

The rising popularity of travel and tourism and the increase in the millennial population are expected to drive the demand for the global travel beauty retail market. However, stringent government guidelines towards airport retailing may further restrict the market's growth.

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Global Travel Beauty Retail Market Scope and Market Size

The global travel beauty retail market is segmented into two notable segments, based on product, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of product, the global travel beauty retail market is segmented into skin care, hair care, fragrances, make-up, and others. In 2022, the skin care segment is expected to dominate the market due to increased awareness about skin health among consumers has boosted its demand globally.
  • On the basis of distribution channel, the global travel beauty retail market is segmented into airports, airlines, ferries, and other channels. In 2022, the airports segment is expected to dominate the market as consumers prefer airports more than other modes, which boosts their global demand.

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Competitive Landscape and Global Travel Beauty Retail Market Share Analysis

The global travel beauty retail market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company's focus related to the global travel beauty retail market.

Some of the major market players operating in the global travel beauty retail market are LOTTE DUTY FREE, KING POWER International, Dubai Duty Free, Duty Free Americas, Inc, Aer Rianta International, China Duty Free Group Co., Ltd., DELHI DUTY FREE, DFS Group Ltd, Lagardère Travel Retail, THE SHILLA duty free, Gebr. Heinemann SE & Co. KG, Sky Connection Limited, DUFRY, Shiseido Company, Limited. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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