The global travel beauty retail market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing at a CAGR of 5.2% in the forecast period of 2022 to 2029 and is expected to reach USD 33,450,697.49 thousand by 2029. An increase in the millennial population is expected to drive the market.
Emerging product trends, major drivers, challenges, and opportunities in the market are identified and analysed apparently while producing Global Travel Beauty Retail Market business report. It helps customers or other market participants to be aware of the problems they may face while operating in the FMCG industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. Global Travel Beauty Retail Market advertising report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The scope of promotional Global Travel Beauty Retail Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structure this report is based on the data collection modules with large sample sizes. Depending on client’s requirements, business and product information has brought together via this report that ultimately helps businesses take better decisions. To turn complex market insights into simpler version, well established tools and techniques are used while generating Global Travel Beauty Retail Market report. The quality and transparency maintained in this industry analysis report makes gain the trust and reliance of member companies and customers.
Global Travel Beauty Retail Market Scope and Market Size
The global travel beauty retail market is segmented into two notable segments, based on product, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of product, the global travel beauty retail market is segmented into skin care, hair care, fragrances, make-up, and others. In 2022, the skin care segment is expected to dominate the market due to increased awareness about skin health among consumers has boosted its demand globally.
• On the basis of distribution channel, the global travel beauty retail market is segmented into airports, airlines, ferries, and other channels. In 2022, the airports segment is expected to dominate the market as consumers prefer airports more than other modes, which boosts their global demand.
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Some of the key questions answered in this report:
• How has the Global Travel Beauty Retail Market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Global Travel Beauty Retail Market?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the injury location?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Global Travel Beauty Retail Market and who are the key players?
• What is the degree of competition in the industry?
Market Analysis and Insights: Global Travel Beauty Retail Market
• Travel retail, also called duty-free, is a sales procedure comprising the commercialization of the goods relating to the various product categories. This sales channel comprises the goods that have not had the taxation and excise applied on their sale price and for sales to travelers. Travel retail is a retailing channel, providing products to international travelers. It is an important source of income and has several marketing prospects.
• This global travel beauty retail market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
• The rising popularity of travel and tourism and the increase in the millennial population are expected to drive the demand for the global travel beauty retail market. However, stringent government guidelines towards airport retailing may further restrict the market's growth.
Key Pointers Covered in Global Travel Beauty Retail Market Industry Trends and Forecast to 2029
• Market Size
• Market New Sales Volumes
• Market Replacement Sales Volumes
• Market By Brands
• Market Procedure Volumes
• Market Product Price Analysis
• Market Regulatory Framework and Changes
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Market Upcoming Applications
• Market Innovators Study
Rising popularity of travel and tourism is expected to drive the market's growth rate during the forecast period.
One of the key elements fueling the expansion of the travel retail sector is the increasing popularity of travel and tourism. Travel retail provides temporary venues that allow end-users to be delighted and indulged with the ambiance and experience of shopping for overseas products following security check-in. The growing emphasis on digitizing the retailing process in order for businesses to optimize revenues may enhance market sales. The rise of the travel beauty retail markets is being aided by increased demand for retail chains that offer luxury and premium brands of various products.
Trends Impacting the Market
Now the question is which other regions DUFRY, LOTTE DUTY FREE, THE SHILLA duty free are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacific travel beauty retail market, and the market leaders are targeting China and Japan to be their next revenue pockets for 2022.
The global travel beauty retail market is becoming more competitive every year with companies such as DUFRY, LOTTE DUTY FREE, THE SHILLA duty free as they are the market leaders for travel retail. The data bridge market research new reports highlight the major growth factors and opportunities in the travel Market.
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Global Travel Beauty Retail Market Country Level Analysis
The countries covered in the global travel beauty retail market are segmented into regions, namely, North America, Europe, Asia-Pacific, the Middle East and Africa. The regions are further segmented into countries such as the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of the Middle East and Africa.
Global Travel Beauty Retail Market Share Analysis
The global travel beauty retail market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company's focus related to the global travel beauty retail market.
Key player Global Travel Beauty Retail Market
Some of the major market players operating in the global travel beauty retail market are LOTTE DUTY FREE, KING POWER International, Dubai Duty Free, Duty Free Americas, Inc, Aer Rianta International, China Duty Free Group Co., Ltd., DELHI DUTY FREE, DFS Group Ltd, Lagardère Travel Retail, THE SHILLA duty free, Gebr. Heinemann SE & Co. KG, Sky Connection Limited, DUFRY, Shiseido Company, Limited. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: Global Travel Beauty Retail Market Share by Product & Procedure type
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