Travel Retail Market 2020-2025 Booming Worldwide with Leading Players: DFS Group, LS travel retail, Dufry, Lotte Duty Free, The Shilla Duty Free, King Power International Group

Global Travel Retail market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Travel Retail market. In, turn, this will lead to improvement in market worth.

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Global Travel Retail Market: Notable Development
Global Travel Retail market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Travel Retail market is highly consolidated. And, key players in the global Travel Retail market are DFS Group, LS travel retail, Dufry, Lotte Duty Free, The Shilla Duty Free, King Power International Group, Gebr, China Duty Free Group, Heinemann, Naunace Group, Aer Rianta International.

Global Travel Retail Market: Key trends and driver
Growing travel & tourism sector across the globe has driven the demand for apparels, cosmetics, electronic retail, and food items, which contributing the global travel retail market growth. Moreover, increase in disposable income amongst the improvement in economy and middle-income groups are major factors drive the growth of the travel retail market. Similarly, other factors such as innovations in technologies further increase the market growth as it rises convenience of accessing transportation or booking hotels by online portals. This report covers in-depth study of the global travel retail market analysis, industry trends, key segments, major players, drivers, and opportunities.

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Global Travel Retail Market: Regional Analysis
Geographically, Asia-Pacific is one of the widest travel retail market across the globe, and it is rising rapidly due to improvements in standard of living, increasing disposable income, growing lifestyle, and improvements in tourism industry. Likewise, the Europe is also one of the largest travel retail markets, due to its high quality luxury products. It is expected to have the wildest travel retail market growth through a CAGR of x.x% over the forecasted period. The region holds some of the major attires and cosmetics brands, such as, H&M (Sweden) and LVMH (France), which grasp a substantial share in the perfumes, cosmetics, and apparels sector, thus it is second leading travel retail market share. Rich tourists from the China, Middle East, China, Russia, and U.S. contribute ominously to the European travel retail market share.

Global travel retail market segmented into:
By Product Type
o Wine and Spirit
o Perfume and Cosmetics
o Electronics
o Food, catering, and confectionary
o Luxury goods
o Tobacco
o Others

By Channel
o Cruise Liner
o Airport
o Border
o Downtown and hotel shop

By Region
o North America
o Mexico
o Canada
o U.S.
o Europe
o Italy
o UK
o Germany
o France
o Rest of Europe
o Asia-Pacific
o India
o Japan
o China
o Rest of ASPAC
o LAMEA
o Middle East
o Latin America
o Africa

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