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The duty-free retailing market size is forecast to increase by USD 33.93 billion at a CAGR of 11.28% between 2023 and 2028. The duty-free retail market, a significant segment of the travel retail industry, continues to experience growth due to several key factors. The global industry is driven by the growth in international tourism, with travelers seeking to take advantage of tax exemptions and customs allowances. The market is further fuelled by the growing focus on enhancing the shopping experience of travelers, offering a wide range of products from luxury goods to electronics and food items. However, this regulated retail environment is subject to stringent government regulations, particularly in relation to duty-free tobacco products. Despite these challenges, the market continues to thrive, with airports and international flights serving as key sales channels. Railway stations are also emerging as potential growth areas, expanding the reach of duty-free retail to a broader customer base.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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