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
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