Travel Retail Evolution: Forecasting the Future of Airport Duty-Free Liquor (2024-2030)

Airport Duty-Free Liquor Market Dynamics:

Airport Duty-Free Liquor sales have been lead the market with 80% of revenue during the forecast. Duty-free stores have become a popular shopping option for visitors who want to do some shopping before starting their journey. This is due to the elimination of local import taxes and the increase of government-imposed taxes. Rapid population growth is propelling the growth of the worldwide duty-free liquor market in the coming years. Changes in lifestyle, increased tourism marketing, an increase in the number of passengers and international travelers, and other factors increase the growth of the travel and tourism business, which is expected to fuel the growth of the duty-free liquor market. Consumers prefer to buy liquor at duty-free stores placed at airports, railway stations, cruise lines, and other locations because it is cheaper than liquor purchased from regular stores. In addition, an increase in disposable income will be a key factor in driving the duty-free liquor industry forward in the next years.

The COVID-19 outbreak has had a negative impact on the expansion of the duty-free liquor sector. To prevent the transmission of the virus, people are required to remain at home. In order to prevent the spread of the disease, governments have been forced to maintain social and movement restrictions. The airport duty-free liquor shops have been closed during pandemics. During the curfew, several foreign flights were canceled, putting a stop to the rise of the airport duty-free liquor sector.

Airport Duty-Free Liquor Market  Report Overview:

Maximize Market Research has issued papers to help clients understand the landscape of the Airport Duty-Free Liquor Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.

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Airport Duty-Free Liquor Market  Growth:

Airport Duty-Free Liquor Market size was valued at US$ 3.81 Bn in 2022 and the total Airport Duty-Free Liquor revenue is expected to grow at 22.22% through 2023 to 2029, reaching nearly US$ 15.53 Bn.

Airport Duty-Free Liquor Market  Regional Insights:

The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

Airport Duty-Free Liquor Market  Segmentations:

by Type

• Beer
• Wine
• Vodka
• Cognac
• Whiskey

by Source

• Grain
• Corn
• Sugarcane
• others

By Type, the whiskey segment is expected to grow at a CAGR of 12.20% during the forecast period. The whisky segment is contributed to more than one-third of the global duty-free liquor market share in 2022 and is projected to lead the market by the end of 2029 owing to the demand for whiskey is also increased in females. Furthermore, whiskey is considered a premium liquor and an indication of taste and sophistication.

Table of Content: Airport Duty-Free Liquor Market :

Part 01: Executive Summary

Part 02: Scope of the Airport Duty-Free Liquor Market  Report

Part 03: Airport Duty-Free Liquor Market  Landscape

Part 04: Airport Duty-Free Liquor Market  Sizing

Part 05: Airport Duty-Free Liquor Market  Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Airport Duty-Free Liquor Market  Key Players:

• Brown-Forman
• Diageo
• Erdington
• Bacardi
• Heineken
• Glen Moray
• Accolade Wines
• Constellation Brands, Inc.
• Pernod
• Ricard

Key questions answered in the Airport Duty-Free Liquor Market  are:

  • What are the Airport Duty-Free Liquor Market  segments?
  • Which Artichokes market segment is expected to grow rapidly during the forecast period?
  • What is the expected CAGR of the Artichokes market during the forecast period?
  • Who are the top players in the Artichokes industry?
  • Which region is expected to grow at a high CAGR during the forecast period?
  • Which region held the largest Artichokes market share in 2024?

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Key Offerings:

  • Market Overview
  • Market Share
  • Market Size
  • Forecast by Revenue | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments, sub-segments and region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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