{"id":477702,"date":"2020-04-03T13:00:01","date_gmt":"2020-04-03T13:00:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=477702"},"modified":"2020-04-03T13:00:01","modified_gmt":"2020-04-03T13:00:01","slug":"travel-retail-market-is-projected-to-grow-1288-billion-with-cagr-of-above-87-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/travel-retail-market-is-projected-to-grow-1288-billion-with-cagr-of-above-87-by-2025-grand-view-research-inc_477702.html","title":{"rendered":"Travel Retail Market is Projected To Grow $128.8 Billion With CAGR Of Above 8.7% By 2025 | Grand View Research, Inc."},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\"><a href=\"https:\/\/www.abnewswire.com\/uploads\/1585889893.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Travel Retail Market is Projected To Grow $128.8 Billion With CAGR Of Above 8.7% By 2025 | Grand View Research, Inc.\" src=\"https:\/\/www.abnewswire.com\/uploads\/1585889893.jpeg\" alt=\"Travel Retail Market is Projected To Grow $128.8 Billion With CAGR Of Above 8.7% By 2025 | Grand View Research, Inc.\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/p>\n<div class=\"quotes\">\n<div>Grand View Research, Inc. &#8211; Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">According to report published by Grand View Research, The global travel retail market size was valued at USD 67.30 billion in 2017 and is expected to witness a CAGR of 8.7% from 2018 to 2025. <\/div>\n<p style=\"text-align: justify;\">The global <a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market?utm_source=abnewswire&amp;utm_medium=referral&amp;utm_campaign=Jitendra-M_ICT_04-April-20&amp;utm_term=travel-retail-market&amp;utm_content=rd\">travel retail market<\/a> size is expected to reach USD 128.80 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 8.7% over the forecast years. Rapidly expanding retail and travel and tourism industry along with increasing per capita income levels is expected to drive the market growth. Different retail channels help in improving the retail experience of the passengers while contributing to economic growth.<\/p>\n<p style=\"text-align: justify;\">The airport retail segment is expected to gain traction over the forecast period and is expected to reach over USD 91.75 billion by 2025. On the basis of products, perfume &amp; cosmetics segment held a significant share of the market in 2017. Driven by the rising demand for branded cosmetics, such as makeup and skin care products, which are available discounted rates at the duty-free stores, the segment is projected to expand further<\/p>\n<p style=\"text-align: justify;\">The travel retail industry is focusing on enhancing customer experience and use data to provide customers an integrated experience. For example, Kuala Lumpur International Airport has integrated big data platform deployed for its KLIA2 terminal. This platform will extract passenger&rsquo;s real-time location throughout the airport for real-time status check, travel plans, and so on.<\/p>\n<p style=\"text-align: justify;\"><strong>To Know More About <strong>Travel Retail Market<\/strong>, Access Sample Report@ <\/strong><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market\/request\/rs1?utm_source=abnewswire&amp;utm_medium=referral&amp;utm_campaign=Jitendra-M_ICT_04-April-20&amp;utm_term=travel-retail-market&amp;utm_content=request-sample\">https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market\/request\/rs1<\/a><\/p>\n<p style=\"text-align: justify;\"><strong><img loading=\"lazy\" decoding=\"async\" title=\"U.S. travel retail market size, by channel, 2015  -  2025 (USD Billion)\" src=\"https:\/\/www.grandviewresearch.com\/static\/img\/research\/us-travel-retail-market.png\" alt=\"U.S. travel retail market size, by channel, 2015  -  2025 (USD Billion)\" width=\"300\" height=\"150\" \/><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Further key findings from the study suggest:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>The global market accounted for USD 67.3 billion in 2017 and is expected to register a CAGR of 8.7% from 2018 to 2025<\/li>\n<li>Increasing number of international travelers across the globe is expected to boost the market growth<\/li>\n<li>The perfume &amp; cosmetics segment is anticipated to witness the highest CAGR of 9.9% followed by the fashion &amp; accessories segment over the forecast period<\/li>\n<li>Asia Pacific is anticipated to be the fastest-growing regional market due to increasing disposal income levels and expanding travel industry in the region<\/li>\n<li>Key companies in the global travel retail market include Shilla DFS, Lagardre Group, Lotte Corp., Heinemann, and Dufry AG<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><img loading=\"lazy\" decoding=\"async\" title=\"Global travel retail market share, by product, 2017(%)\" src=\"https:\/\/www.grandviewresearch.com\/static\/img\/research\/global-travel-retail-market.png\" alt=\"Global travel retail market share, by product, 2017(%)\" width=\"300\" height=\"150\" \/>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Browse Details of Report, Please Visit @ <\/strong><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market?utm_source=abnewswire&amp;utm_medium=referral&amp;utm_campaign=Jitendra-M_ICT_04-April-20&amp;utm_term=travel-retail-market&amp;utm_content=rd1\">https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market<\/a><\/p>\n<p style=\"text-align: justify;\">Grand View Research has segmented the global travel retail market on the basis product, channel, and region:<\/p>\n<p style=\"text-align: justify;\"><strong>Travel Retail Product Outlook (Revenue, USD Million, 2015 &#8211; 2025)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Perfume &amp; Cosmetics<\/li>\n<li>Confectionery &amp; Fine Food<\/li>\n<li>Wine &amp; Spirit<\/li>\n<li>Fashion &amp; Accessories<\/li>\n<li>Electronics<\/li>\n<li>Tobacco<\/li>\n<li>Others<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Travel Retail Channel Outlook (Revenue, USD Million, 2015 &#8211; 2025)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Airports<\/li>\n<li>Cruise Lines<\/li>\n<li>Border, Down Town &amp; Hotel Shops<\/li>\n<li>Railway Stations &amp; Others<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Travel Retail Regional Outlook (Revenue, USD Million, 2015 &#8211; 2025)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>North America\n<ul>\n<li>U.S.<\/li>\n<li>Canada<\/li>\n<\/ul>\n<\/li>\n<li>Europe\n<ul>\n<li>U.K.<\/li>\n<li>Germany<\/li>\n<\/ul>\n<\/li>\n<li>Asia Pacific\n<ul>\n<li>China<\/li>\n<li>India<\/li>\n<li>Japan<\/li>\n<\/ul>\n<\/li>\n<li>Latin America\n<ul>\n<li>Brazil<\/li>\n<li>Mexico<\/li>\n<\/ul>\n<\/li>\n<li>MEA<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><strong>Key Topics Covered&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Table of Content<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Chapter 1 Methodology and Scope<\/strong><br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.1 Information Procurement<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.2 Purchased Database<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.2.1 GVR&rsquo;s internal database<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.3 Research Methodology<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.4 Research Scope and Assumptions<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.5 List to Data Sources<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.6 List of Abbreviations<br \/> <strong>Chapter 2 Executive Summary<\/strong><br \/> <strong>Chapter 3 Market Definitions<\/strong><br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.1 Market Segmentation<br \/> <strong>Chapter 4 Industry Outlook<\/strong><br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.1 Market Snapshot<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.2 Global Travel Retail Market<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.2.1 Global Travel Retail Market, 2015 &#8211; 2025 (USD Million)<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.3 Regional Business Analysis<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.3.1 Global Travel Retail Market, By Region, 2015 &#8211; 2025 (USD Million)<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.4 Product Business Analysis<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.4.1 Global Travel RetailMarket, by Product, 2015 &#8211; 2025 (USD Million)<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.5 Channel Business Analysis<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.5.1 Global Travel Retail Market, By Channel, 2015 &#8211; 2025 (USD Million)<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.7 Value Chain Analysis<br \/> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.8 Market Variable Analysis<br \/> &nbsp;&hellip;. continue<\/p>\n<p style=\"text-align: justify;\"><strong>Browse Related Reports:<br \/> Pharmaceutical Logistics Market &nbsp;<\/strong>By Type (Cold Chain, Non-Cold Chain Logistics), By Service (Logistics, Procedures), By Application (Chemical Pharma, Bio-Pharma), And Segment Forecasts, 2019 &#8211; 2025:<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/pharmaceutical-logistics-market?utm_source=abnewswire&amp;utm_medium=referral&amp;utm_campaign=Jitendra-M_ICT_04-April-20&amp;utm_term=travel-retail-market&amp;utm_content=rl\">https:\/\/www.grandviewresearch.com\/industry-analysis\/pharmaceutical-logistics-market<\/a><\/p>\n<p style=\"text-align: justify;\"><strong>Liquid Analytical Instrument Market <\/strong>By End Use (Food &amp; Beverages, Chemicals), By Instrument, By Application (Water Purification, Drug Discovery), And Segment Forecasts, 2019 &#8211; 2025:<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/liquid-analytical-instrument-market?utm_source=abnewswire&amp;utm_medium=referral&amp;utm_campaign=Jitendra-M_ICT_04-April-20&amp;utm_term=travel-retail-market&amp;utm_content=rl1\">https:\/\/www.grandviewresearch.com\/industry-analysis\/liquid-analytical-instrument-market<\/a><\/p>\n<p style=\"text-align: justify;\"><strong>About Grand View Research<\/strong><\/p>\n<p style=\"text-align: justify;\">Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/grandviewresearch.com_9886.html\" rel=\"nofollow\">Grand View Research, Inc.<\/a><br \/><strong>Contact Person:<\/strong> Sherry James, Corporate Sales Specialist &#8211; U.S.A.<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=travel-retail-market-is-projected-to-grow-1288-billion-with-cagr-of-above-87-by-2025-grand-view-research-inc\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 1-415-349-0058, Toll Free: 1-888-202-9519<br \/><strong>Address:<\/strong>201, Spear Street, 1100  <br \/><strong>City:<\/strong> San Francisco<br \/><strong>State:<\/strong> California<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/travel-retail-market\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=travel-retail-market-is-projected-to-grow-1288-billion-with-cagr-of-above-87-by-2025-grand-view-research-inc\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand View Research, Inc. &#8211; Market Research And Consulting. According to report published by Grand View Research, The global travel retail market size was valued at USD 67.30 billion in 2017 and is expected to witness a CAGR of 8.7% &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/travel-retail-market-is-projected-to-grow-1288-billion-with-cagr-of-above-87-by-2025-grand-view-research-inc_477702.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,417,412,432,416],"tags":[],"class_list":["post-477702","post","type-post","status-publish","format-standard","hentry","category-Business","category-Marketing-Sales","category-News-Current-Affairs","category-Travel","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/477702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=477702"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/477702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=477702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=477702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=477702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}