Middle East & Africa Travel Retail Market Size & Outlook
The travel retail market in Middle East & Africa is expected to reach a projected revenue of US$ 7,403.2 million by 2030. A compound annual growth rate of 7.1% is expected of Middle East & Africa travel retail market from 2025 to 2030.
Revenue, 2024 (US$M)
$4,928.0
Forecast, 2030 (US$M)
$7,403.2
CAGR, 2025 - 2030
7.1%
Report Coverage
Middle East & Africa
Related Markets
MEA travel retail market highlights
- The MEA travel retail market generated a revenue of USD 4.9 million in 2024.
- The market is expected to grow at a CAGR of 7.1% from 2025 to 2030.
- In terms of segment, perfume & cosmetics was the largest revenue generating product in 2024.
- Perfume & Cosmetics is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 4.9 million |
| Market revenue in 2030 | USD 7.4 million |
| Growth rate | 7.1% (CAGR from 2025 to 2030) |
| Largest segment | Perfume & cosmetics |
| Fastest growing segment | Perfume & Cosmetics |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Perfume & Cosmetics |
| Key market players worldwide | Avolta AG ADR, Lagardere Travel Retail, China Tourism Group, Lvmh Moet Hennessy Louis Vuitton SE, gebr.heinemann, The Shilla Duty Free, King Power International Co.,Ltd., Aer Rianta International, Duty Free Americas |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.6% of the global travel retail market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 71.1 million by 2030.
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Travel Retail Market Scope
Travel retail market segmentation & scope
Others
Travel Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| King Power International Co.,Ltd. | View profile | 51-100 | Ratchathewi, Krung Thep, Thailand, Asia | https://www.kingpower.com |
| The Shilla Duty Free | View profile | 101-250 | Singapore, Central Region, Singapore, Asia | http://sg.shilladutyfree.com |
| gebr.heinemann | View profile | 5001-10000 | Hamburg, Hamburg, Germany, Europe | https://www.gebr-heinemann.de/en |
| China Tourism Group | View profile | 10001+ | Hong Kong, Hong Kong Island, Hong Kong, Asia | https://www.ctg.cn/en/ |
| Avolta AG ADR | View profile | 68459 | Brunngasslein 12, Basel, Switzerland, 4010 | https://www.avoltaworld.com |
| Duty Free Americas | View profile | 1001-5000 | Hollywood, Florida, United States, North America | http://www.DutyFreeAmericas.com |
| Aer Rianta International | View profile | 251-500 | Dublin, Dublin, Ireland, Europe | https://www.ari.ie/ |
| Lagardere Travel Retail | View profile | 10001+ | Paris, Ile-de-France, France, Europe | https://www.lagardere-tr.com/en/ |
| Lvmh Moet Hennessy Louis Vuitton SE | View profile | 192346 | 22, Avenue Montaigne, Paris, France, 75008 | https://www.lvmh.com |
MEA travel retail market size, by country, 2018-2030 (US$M)
Middle East & Africa Travel Retail Market Outlook Share, 2024 & 2030 (US$M)
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