According the report, Increase in the Duty-free and travel retail globally
is one of the primary growth factors for the market. The rising popularity of the travel and tourism industry
is also expected to contribute significantly to the Duty Free & Travel Retail market. Overall, Airlines
applications of Duty Free & Travel Retail, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Duty Free & Travel Retail market identified that the demand is rising in many different parts of the world as "Companies are partnering with duty-free stores to launch limited or exclusive products
". Furthermore, some recent industry insights like "On 10 June 2021, Dufry, a leading global travel retailer, has been made a new ten-year concession contract at the Martinique Aimé Césaire International Airport. The increased retail space will also enable the offering of a larger product mix from global brands covering all typical duty-free categories, such as perfume and cosmetics, confectionery, tobacco, spirits, jewelry, and travel accessories. A refined selection of local food and souvenirs will complete the product assortment and provide a distinctive sense of place for this tropical island." is constantly making the industry dynamic. One of the challenges that industry facing is "The difficulty for the local players to introduce their product in duty-free and travel retail shops"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Duty Free & Travel Retail market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Duty Free & Travel Retail market and other related sub-markets covered in the study.
o Key & emerging players in the Duty Free & Travel Retail market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Duty Free & Travel Retail market size is calculated using market estimation process, the Duty Free & Travel Retail market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Duty Free & Travel Retail market size has been validated using both top-down and bottom-up approaches.