Airport Retailing Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028
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Airport Retailing Market Report Overview
The airport retailing market size was valued at $35.2 billion in 2023. The airport retailing market benefited from an increase in air traffic and airport retailers capitalized on this by expanding their presence across different markets. Furthermore, airport retailers adopting innovative omnichannel initiatives will support the market growth recording a CAGR of more than 9% during 2023-2028.
Airport Retailing Market Outlook, 2023-2028 ($ Billion)
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The airport retailing market research report provides a comprehensive understanding of the revenue growth through its market size forecasting up to 2028 and a historical overview of the airport retailing market. It offers detailed insights into the key drivers and inhibitors of the market and covers category-wise expenditure and the tourism landscape. The airport retailing market outlook also includes the key trends and brand-related information in a detailed competitive landscape.
Market Size (2023) | $35.2 Billion |
CAGR (2023-2028) | >9% |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Key Regions | · APAC
· Europe · Americas · MEA |
Key Sectors | · Beauty
· Alcohol · Confectionery & Fine Foods · Fashion & Accessories · Jewelry & Watches |
Key Retailers | · Dufry
· Gebr Heinemann · Lagardère Travel Retail · China Duty Free Group · Dubai Duty Free |
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Airport Retailing Market Dynamics
Governments and airport authorities across the globe are working to expand terminals and build new airports to effectively cater to rising passenger numbers. Furthermore, global air passenger numbers saw a sharp rise in 2022-23 and have since been rising steadily, driving airport retail sales. Duty-free airport retailers are partnering with airlines to improve the convenience and financial rewards for customers. For instance, in France, Aelia Duty Free and Air France-KLM have a loyalty program, Flying Blue, which allows customers to earn or spend miles in duty-free stores. In addition, airport retailers have started developing e-commerce capabilities alongside their traditional physical stores in a bid to attract more shoppers.
Furthermore, retailers are reevaluating their product mix to align with the preferences and spending patterns of younger and less affluent travelers. Instead of focusing on luxury items, there is a growing demand for affordable and practical products that cater to the needs of this demographic. Brands that are offering value for money and convenience will likely thrive. Retailers should also consider integrating leisure facilities within the shopping environment to attract younger consumers. This might include innovative concepts such as gym classes, relaxation zones, or interactive experiences. These entertainment options can enhance the airport retail experience, making it more appealing to younger customers.
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Airport Retailing Market Segmentation by Regions
The key regions in the airport retailing market are Asia-Pacific (APAC), Europe, the Americas, and MEA. In 2023, APAC accounted for the highest share of the airport retailing market. The introduction of several airport expansion projects along with an increase in tourism levels is the main driver contributing to the regional growth. Furthermore, APAC is set to increase its share in global airport retailing between 2023 and 2028 due to infrastructure development.
Airport Retailing Market Segmentation by Regions, 2023 (%)
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Airport Retailing Market Segmentation by Sectors
The key sectors in the airport retailing market are beauty, alcohol, confectionery & fine foods, fashion & accessories, and electricals among others. In 2023, the beauty sector contributed the largest airport retailing market sales. The alcohol and confectionery & fine foods category followed the lead among other airport retailing sectors.
Airport Retailing Market Analysis, by Sectors, 2023 (%)
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Airport Retailing Market- Competitive Landscape
The key retailers in the airport retailing market are:
- Dufry
- Gebr Heinemann
- Lagardère Travel Retail
- China Duty Free Group
- Dubai Duty Free
Airport Retailing Market Analysis, by Retailers, 2023 (%)
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Segments Covered in the Report
Airport Retailing Market Regions Outlook (Value, $Billion, 2018-2028)
- APAC
- Europe
- Americas
- MEA
Airport Retailing Market Sectors Outlook (Value, $Billion, 2018-2028)
- Beauty
- Alcohol
- Confectionery & Fine Foods
- Fashion & Accessories
- Electricals
- Tobacco
Key Highlights
Rising passenger numbers fuel the Asia-Pacific region, which takes the greatest share of the global airport retail market
Soaring demand for beauty products will remain the largest airport category across regions
Airport expansion encourages travel retailers to adopt digital innovation
Reasons to Buy
- Gain a comprehensive knowledge of the global airport retail market and develop a competitive advantage
- Investigate current trends in the global airport retail market to identify the best opportunities to exploit
- Analysis of key airport retail players operating globally
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the airport retail market globally
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international players operating in the global duty-free retail market — including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share
China Duty free Group
Lotte Duty Free
Lagardere Travel Retail
Duty Free Americas
Gebr Heinemann
DFS
Dubai Duty Free
Aer Rianta International
King Power International
Table of Contents
Frequently asked questions
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What was the airport retailing market size in 2023?
The airport retailing market size was valued at $35.2 billion in 2023.
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What is the expected growth rate of the airport retailing market during 2023-2028?
The airport retailing market is projected to grow at a CAGR of more than 9% during the period 2023-2028.
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Which was the leading sector in the airport retailing market in 2023?
The key sector in the airport retailing market was beauty in 2023.
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Which region accounted for the highest airport retailing market sales in 2023?
APAC dominated the airport retailing market sales in 2023.
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Which are the leading retailers in the airport retailing market?
The leading retailers in the airport retailing market are Dufry, China Duty Free Group, Lagardère Travel Retail, Gebr Heinemann, and Dubai Duty Free among others.
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