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)
$7,403.2
CAGR, 2025 - 2030
7.1%
Report Coverage
Middle East & Africa
Middle East & Africa travel retail market, 2018-2030 (US$M)
MEA travel retail market highlights
- The MEA travel retail market generated a revenue of USD 4,620.0 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, perfume and cosmetics was the largest revenue generating product in 2023.
- Perfume and Cosmetics is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 4,620.0 million |
| Market revenue in 2030 | USD 7,400.0 million |
| Growth rate | 7% (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 |
| Key market players worldwide | Avolta AG ADR, Lagardere Travel Retail |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global travel retail market in 2023.
- 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 71,060.0 million by 2030.
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Travel Retail Market Scope
Travel retail market segmentation & scope
Perfume & Cosmetics
Wine & Spirits
Fashion & Accessories
Tobacco Products
Electronics & Gifts
Food & Confectionery
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
Australia
Brazil
South Africa
UAE
Travel Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
MEA travel retail market size, by country, 2018-2030 (US$M)
Middle East & Africa Travel Retail Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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