Global Travel Retail Market Size & Outlook, 2023-2030
The travel retail industry worldwide is expected to reach a projected revenue of US$ 128,940.0 million by 2030. A compound annual growth rate of 9.3% is expected of the worldwide travel retail industry from 2024 to 2030.
Revenue, 2023 (US$M)
$69,030.0
Forecast, 2030 (US$M)
$128,940.0
CAGR, 2024 - 2030
9.3%
Report Coverage
Worldwide
Global travel retail market, 2018-2030 (US$M)
Global travel retail market highlights
- The global travel retail market generated a revenue of USD 69,030.0 million in 2023 and is expected to reach USD 128,940.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, perfume and cosmetics accounted for a revenue of USD 69,030.0 million in 2023.
- Perfume and Cosmetics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 69,030.0 million |
| Market revenue in 2030 | USD 128,940.0 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Perfume and cosmetics |
| Fastest growing segment | Perfume and Cosmetics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Perfume and Cosmetics |
Other key industry trends
- In terms of revenue, the North America accounted for 12.6% of the global travel retail market in 2023.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Travel Retail Market Scope
Travel retail market segmentation & scope
Perfume and Cosmetics
Wines and Spirits
Fashion and Accessories
Tobacco Products
Electronics and Gifts
Food and Confectionery
Others
Distribution Channel
Airport and Airlines
Train Stations
Ferries
Others
Countries
U.S.
Canada
Mexico
Germany
UK
Italy
France
Spain
Denmark
Sweden
Norway
China
Japan
India
Australia
South Korea
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Travel Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global travel retail market size, by regions, 2018-2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
