Duty free retailing is purchasing of products at shops present at airports, cruise, and ferries where no tax is levied on the purchased products. To avoid fees/taxes at international borders, customers tend to make purchases at duty free stores. Various products including perfumes, cosmetics & personal care products, food & beverages, electronic items, and fashion & accessories are made available at these stores.

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The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 billion in 2022 and is expected to exhibit a CAGR of 8.6% over the forecast period of 2023-2030.

A) Market Overview:

Duty-free retailing refers to the sale of products to international travelers without the imposition of certain local or national taxes. This market primarily caters to travelers at airports, seaports, and international borders. The duty-free retail stores offer a ... Read more

The Duty Free Retailing market is estimated to be valued at US$ 38.95 Billion in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Duty Free Retailing refers to the sale of products that are exempt from local or national taxes, such as the goods sold at airports, cruise ... Read more

Duty free retailing refers to the selling of goods such as tobacco, alcohol, fragrances, and luxury goods to international travelers without the assessment of duties or taxes. Duty Free retailing offers consumers an opportunity to purchase high-end goods at discounted prices. With hectic lifestyles, consumers prefer one-stop shopping and this fuelling the growth of duty free retailing globally.

The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2023 ... Read more

Duty free retailing refers to the sale of goods to travelers that are free of certain local or national taxes and duties. Duty free retail outlets offer variety of goods like perfumes, cosmetics, wines, spirits, tobacco products, luxury items, and fashion accessories. Duty free retailing provides exotic and branded products to travelers at competitive prices. Rising demand for luxury and premium products from international travelers is driving growth of duty free retailing industry. The ... Read more