Duty-Free Liquor Market – Global Industry Analysis and Forecast (2023-2029)

Duty-Free liquor Market size was valued at US$ 9.48 Bn  in 2022 and the total revenue is expected to grow at 10.8% through 2023 to 2029, reaching nearly US$ 19.44 Bn. The duty-Free liquor market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global duty-Free liquor market report also provides trends by market segments, technology, and investment with a competitive landscape.Duty-Free Liquor Market To Know About The Research Methodology :- Request Free Sample Report

Duty-Free liquor Market Overview:

The Duty-free alcohol refers to liquor that is relieved from paying federal taxes and duties, as well as local taxes. Duty-free alcohol is sold to travellers heading to different countries. These stores or retail outlets can be found at various places like airport, railway station, cruise liner, frontier, downtown, and hotel town. Citizens often buy liquor from duty-free shops before returning to their home country to invest in foreign currency surplus. Duty-free shops have become the favourite destination for travellers who enjoy their shopping before their journey begins.

Duty-Free liquor Market Dynamics:

Rapid growth in urbanizations, development of the travel and tourism industry, and rise in disposable income fuel the growth of the duty-free liquor market. The rise in lifestyle changes and increase in the number of frequent fliers and rise in tourism promotion are boosting the market. Consumers tend to buy liquor from duty-free shops located at the airport, railway station, cruise liners, and others, as is it available at a lower price than liquor in a regular store. High growth in disposable income in individuals in Europe, and in the Asia Pacific, driving the overall growth of the duty-free liquor industry. On the other hand, stringent government rules for Airport retailing restrain the growth to some extent. Strict baggage rules which restrict the baggage capacity or charge extra for extra baggage for the passenger. COVID-19 crisis international travel has slowdown, which has affected duty-free sales in large proportion. As the lockdown continues much of the world, duty-free retailers have unsold stock, while some retailers are finding an imaginative way to keep trading. As the travel retail sector market is temporarily on hold, duty-free liquor has seen crucial sales channel cutoff. Duty-free liquor sales declined due to a large proportion of disclosure in international flights.

Duty-Free liquor Market Segment Analysis:

By Type, the segment is categorized into Beer, Wine, Vodka, Cognac, and whiskey. The segment Whiskey is dominating the market with the highest growth, registering a CAGR of 12.20% during the forecast period. The whiskey segment accounted for the maximum share in duty-free liquor market size. Owing to an increase in consumers based across the globe. Furthermore, Whiskey is considered a premium product and an indication of sophistication. By Distribution Channel, the segment is divided by cruise liner, airport, railway station, border, downtown, and hotel shops. The airport segment has witnessed the fastest growth, registering a CAGR of 12.00% in the forecast period. The airport category garnered the highest share in 2021. Due to continuing growth in global aviation and air traffic. Also rise in the tourism industry is one of the key factors in the growth of duty-free liquor industry.

Duty-Free liquor Market Regional Insights:

Europe, by region has accounted for the highest revenue in 2021 thus dominating the region, owing to the wealthy tourist from the Middle East, China, US. And Russia contributing a significant part of the market. Also, the love for travel is an upward trend among Germans, which significantly contributes to the growth of duty-free liquor. And European segment witnesses the highest growth, registering a CAGR of 11.50% during the forecast period. North America is among one of the most urbanized regions with nearly 80% urban population respectively. Africa and Asia have comparatively lower shares, with 40% and 48% urban population. As per the WHO and other organizations, Africa and Asia are the major regions that are expected to witness rapid urbanization trend and are projected to account for 56% and 64% urbanization rate, respectively, by 2050. The objective of the report is to present a comprehensive analysis of the global Duty-Free liquor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Duty-Free liquor market dynamics, structure by analyzing the market segments and project the global Duty-Free liquor market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the global Duty-Free liquor market make the report investor’s guide.

Key Highlights:

Global market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Duty-Free liquor Market Global Duty-Free liquor Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Duty-Free liquor Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.

Duty-Free liquor Market Scope: Inquire before buying

Duty-Free liquor Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 10.8% US$ 9.48 Bn US$ 19.44 Bn
Segments Covered
by Type Beer Wine Vodka Cognac Whiskey by Distribution Channel Cruise Liner Airport Railway Station Border Downtown Hotel Shop
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Key Players are:

1. Brown Forman 2. Erdington 3. Bacardi 4. Heineken 5. Glen Moray 6. Accolade Wines 7. Constellation Brand Inc. 8. Remy Cointreau 9. Pernod 10.Richard 11.Diageo 12.The Famous Grouse

Frequently Asked Questions:

1. Which region has the largest share in Global Duty-Free liquor Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Duty-Free liquor Market? Ans: The Global market is expected to grow at a CAGR of 10.8% during forecast period 2023-2029. 3. What is scope of the Global Duty-Free liquor market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Duty-Free liquor market? Ans: The important key players in the Global market are – , Brown Forman, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brand Inc., Remy Cointreau, Pernod, Richard, Diageo, and The Famous Grouse 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.

Global Duty-Free Liquor Market

1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Types 2.3.2. Primary Research 2.3.2.1. Data from Primary Types 2.3.2.2. Breakdown of Primary Types 3. Executive Summary: Global Duty-Free liquorMarket Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Duty-Free liquorMarket 3.4. Geographical Snapshot of the Duty-Free liquorMarket, By Manufacturer share 4. Global Duty-Free liquorMarket Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Duty-Free liquorMarket 5. Supply Side and Demand Side Indicators 6. Global Duty-Free liquorMarket Analysis and Forecast, 2022-2029 6.1. Global Duty-Free liquorMarket Size & Y-o-Y Growth Analysis. 7. Global Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Beer 7.1.2. Wine 7.1.3. Vodka 7.1.4. Cognac 7.1.5. Whiskey 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.2.1. Cruise Liner 7.2.2. Airport 7.2.3. Railway Station 7.2.4. Border 7.2.5. Downtown 7.2.6. Hotel Shop 8. Global Duty-Free liquorMarket Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. Asia PacificDuty-Free liquorMarket Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Beer 9.1.2. Wine 9.1.3. Vodka 9.1.4. Cognac 9.1.5. Whiskey 9.2. Market Size (Value) Estimates & Forecast ByDistribution Channel, 2022-2029 9.2.1. Cruise Liner 9.2.2. Airport 9.2.3. Railway Station 9.2.4. Border 9.2.5. Downtown 9.2.6. Hotel Shop North America Duty-Free liquorMarket Analysis and Forecasts, By Country 9.3. Market Size (Value) Estimates & Forecast By Country, 2022-2029 9.3.1. US 9.3.2. Canada 9.3.3. Mexico 10. U.S. Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 10.1. Market Size (Value) Estimates & Forecast ByType, 2022-2029 10.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 11. Canada Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast ByType, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Mexico Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast ByType, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Europe Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Duty-Free liquorMarket Analysis and Forecasts, By Country 14.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 14.1.1. U.K 14.1.2. France 14.1.3. Germany 14.1.4. Italy 14.1.5. Spain 14.1.6. Sweden 14.1.7. CIS Countries 14.1.8. Rest of Europe 15. U.KDuty-Free liquorMarket Analysis and Forecasts, 2022-2029 15.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 15.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 16. France Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. Germany Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Italy Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Spain Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Sweden Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. CIS Countries Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. Rest of Europe Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Asia Pacific Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Duty-Free liquorMarket Analysis and Forecasts, by Country 24.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 24.1.1. China 24.1.2. India 24.1.3. Japan 24.1.4. South Korea 24.1.5. Australia 24.1.6. ASEAN 24.1.7. Rest of Asia Pacific 25. China Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 25.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 25.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 26. India Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. Japan Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. South Korea Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. Australia Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. ASEAN Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. Rest of Asia Pacific Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Middle East Africa Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Duty-Free liquorMarket Analysis and Forecasts, by Country 33.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 33.1.1. South Africa 33.1.2. GCC Countries 33.1.3. Egypt 33.1.4. Nigeria 33.1.5. Rest of ME&A 34. South Africa Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 34.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 34.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 35. GCC Countries Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. Egypt Duty-Free liquore Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Nigeria Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Rest of ME&A Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. South America Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Duty-Free liquorMarket Analysis and Forecasts, by Country 40.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 40.1.1. Brazil 40.1.2. Argentina 40.1.3. Rest of South America 41. Brazil Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 41.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 41.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 42. Argentina Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Rest of South America Duty-Free liquorMarket Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Competitive Landscape 44.1. Geographic Footprint of Major Players in the Global Duty-Free liquorMarket 44.2. Competition Matrix 44.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Types and R&D Investment 44.2.2. New Type Launches and Type Enhancements 44.2.3. Market Consolidation 44.2.3.1. M&A by Regions, Investment and Verticals 44.2.3.2. M&A, Forward Integration and Backward Integration 44.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 44.3. Company Profile : Key Players 44.3.1. Brown Forman 44.3.1.1. Company Overview 44.3.1.2. Financial Overview 44.3.1.3. Geographic Footprint 44.3.1.4. Type Portfolio 44.3.1.5. Business Strategy 44.3.1.6. Recent Developments 44.3.2. Diageo 44.3.3. Erdington 44.3.4. Bacardi 44.3.5. Heineken 44.3.6. Glen Moray 44.3.7. Accolade Wines 44.3.8. Constellation Brand Inc. 44.3.9. Remy Cointreau 44.3.10. Pernod 44.3.11. Richard 44.3.12. Diageo 44.3.13. The Famous Grouse 45. Primary Key Insights

About This Report

Report ID 94512
Category Food & Beverages
Published Date July 2023
Updated Date
  • INQUIRE BEFORE BUYING