Market Snapshot:
Duty-free alcohol refers to the alcoholic items exempted from payment of national charges and duties and other local taxes. Duty-free liquor is sold to consumers traveling internationally. Such shops or retail outlets are accessible at different channels such as cruise liners, airplane terminals, railway stations, and border, downtown, and hotel shops. Individuals too purchase liquor from duty-free stores to spend the surplus foreign currency before going back to their domestic country.
Highlights from Duty-Free Liquor Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Diageo (United Kingdom), Erdington (United Kingdom), Pernod (France), Bacardi (Bermuda), Heineken (Netherlands), Ricard (France), Glen Moray (United Kingdom), Accolade Wines (Australia) and Constellation Brands, Inc (United States). Additionally, other players that are part of this comprehensive study are REMY COINTREAU (France) and Brown-Forman (United States).
Geographic Breakdown and Segment Analysis
The Global Duty-Free Liquor market presents a comprehensive analysis of the Duty-Free Liquor market by product type (Beer, Wine, Whiskey, Vodka, Cognac, Gin, Rum, Tequila and Other (liqueurs, brandy, etc.)), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Duty-Free Liquor industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Duty-Free Liquor market
Analyst at AMA have segmented the market study of Global Duty-Free Liquor market by Type, Application and Region.
Influencing Trend:
Increasing Number of Air flyers
Market Growth Drivers:
Increase in Frequent Flyers, Increasing Disposable Income and Changing Lifestyle of Individual
Challenges:
Covid-19 Impact
Restraints:
Stringent Government Rules Mainly Rules for Airport Retailing
Opportunities:
Rapid Urbanisation is expected to create multiple Opportunities
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries