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NEW YORK, June 16, 2022 /PRNewswire/ — The “Duty-free Retailing Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the duty-free retailing market between 2021 and 2026 is USD 6.04 billionas per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 8.56% during the predicted period.
To get the exact yearly growth variance and the YOY growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Trend: The growing online duty-free shops is a duty-free retailing market trend that is expected to have a positive impact in the coming years. Major vendors of the global duty-free retailing market, such as Dufry AG, Delhi Duty Free, and Dubai Duty Free, have launched their online sites to provide a hassle-free shopping experience to their customers. These online stores provide several promotions such as discounts to attract more customers. The online stores also provide additional services as well.
- Market Challenge: The stringent government regulations on duty-free tobacco products will be a major challenge for the duty-free retailing market during the forecast period. The heavy restrictions on sales and allowances of duty-free tobacco products such as cigarettes will be a challenge for the growth of the global duty-free retailing market during the forecast period.
To learn about other key factors influencing the market, Have a look at this Sample Report
right here!
Key Revenue-generating Market Segment Highlights:
The duty-free retailing market report is segmented by Product (Fashion apparel and accessories, Cosmetics and perfumes, Tobacco and alcoholic beverages, and Confectionery and fine foods), Distribution Channel (Airports and Others), and Geography (APAC, Europe, North America, Middle East and Africaand South America).
- Fashion apparel and accessories product segment held the largest duty-free retailing market share in 2021. The segment will continue to account for the largest revenue throughout the forecast period. In terms of distribution channels, airports will emerge as the highest revenu-generating segment for duty-free retailing market during the forecast…
Full story available on Benzinga.com
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