Market Research Analyst

The latest report by IMARC Group, titled “ Travel Retail Market Report by Product Type (Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery and Catering, Tobacco, and Others), Sector (Duty-Free, Duty Paid), Distribution Channel (Airports, Cruise Liner, Railway Station, Border, Downtown and Hotel Shop), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global travel retail market size reached US$ 61.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.55% during 2024-2032. Factors Affecting the Growth of the Travel Retail Industry: Rising Disposable Income and Middle-Class Expansion: One of the primary factors driving the global travel retail market is the rising disposable income and the expansion of the middle class, particularly in emerging economies. As economies grow, more individuals have highe...

The latest report by IMARC Group, titled “ Travel Retail Market Report by Product Type (Perfume and Cosmetics, Wine and Spirit, Electronics, Luxury Goods, Food, Confectionery and Catering, Tobacco, and Others), Sector (Duty-Free, Duty Paid), Distribution Channel (Airports, Cruise Liner, Railway Station, Border, Downtown and Hotel Shop), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the travel retail market trends . Travel Retail Market Overview: The global travel retail market size reached US$ 61.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.55% during 2024-2032. Factors Affecting the Growth of the Travel Retail Industry: Expansion of Infrastructure: The growth of the travel retail industry is significantly influenced by the continuous expansion and modernization of travel infrastructure. Airports, cruise terminals, and railway stations ar...