According to Verified Market Research, the Global Duty-Free Retailing Market was valued at USD 75.16 billion in 2018 and is expected to witness a growth of 6.55% from 20192026 and reach USD 125.16 billion by 2026.
The Centre for Asia-Pacific Aviation sees duty-free spend at Indian airports hitting USD 1.6 billion by 2021 - or ̀ 10,600 crore, which is an eight-fold increase in three years. Of the 17 international airports boasting duty-free outlets, New Delhi's Indira Gandhi International Airport (IGIA), has the country's largest duty-free retail space.
Allied Market Research recently published a report, titled, "Duty-Free Liquor Market by Type (Beer, Wine, Vodka, Cognac, and Whiskey) and Channel (Cruise liners, Airport, Railway Station, Border, downtown, and hotel shops): Global Opportunity Analysis and Industry Forecast, 2019–2026." The report provides a detailed analysis of the market, including key winning strategies, industry drivers & restraints, market size & forecast, top investment pockets, competitive landscape, and wavering market trends. As per the report, the global duty-free liquor industry was estimated at $2.94 billion in 2019 and is anticipated to register $3.74 billion by 2026, registering a CAGR of 9.4% during the forecast period.
Drivers, restraints, and opportunities
Rapid growth in urbanisation, development of the travel & tourism industry, and rise in disposable income fuel the growth of the global duty-free liquor market. On the other hand, stringent government rules for airport retailing restrain the growth to some extent. However, growth in Asia-Pacific and LAMEA economies is expected to create a number of lucrative opportunities for the key players in the industry.
The whiskey segment garnered the lion's share in 2019
هذه القصة مأخوذة من طبعة November 2019 من Ambrosia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 2019 من Ambrosia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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