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Europe Travel Retail Market Size (2024 - 2029)

The European travel retail market is experiencing steady growth, driven by factors such as increased disposable income, urbanization, and shifts in consumer lifestyles. As the second-largest market globally, Europe benefits from its strong base of luxury brands and significant contributions from countries like the UK. The development of travel and tourism infrastructure, along with advancements in online booking, further supports the expansion of the market. Despite challenges like limited consumer interest in shopping during travel, the continuous growth in passenger traffic and the influx of wealthy tourists from various regions present opportunities for market expansion.

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Market Size of Europe Travel Retail Industry

Europe Travel Retail Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 7.50 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Travel Retail Market Analysis

Travel retail has shown steady growth in recent years in the world. Europe is the second-largest travel retail market after Asia-pacific and the UK is the highest contributor to the European travel retail market.

Travel Retail is a major component of aviation and maritime financing and has become an integral part of traveling experience owing to Europe's stronger base of luxury brands. The European region holds headquarter of one of the largest luxuries and fashion brands in travel retail such as LVHM from France, H&M from Sweden.

Growth in travel & tourism due to a rise in disposable income and rapid growth in urbanization, the shift in consumer lifestyles is expected to drive the rise of the European travel retail market. Continuous development in the travel and tourism industry along with hospitality sector infrastructure, advancements in booking through the online channel will further add to the development of the travel retail industry in Europe.

The travel and tourism industry are one of the largest growing sectors across the world. Increased passenger traffic has led the infrastructure development in the travel- retail market such as larger retail experiences which include shops, restaurants, bars and other forms of retail. Wealthy tourists from the Middle East, China, the U.S., and Russia continue to contribute a significant part in the market

It is estimated that every year, over 1 billion people travel internationally; that is approximately 15 percent of the global population and this number is expected to increase in coming future, thus supporting the travel retail market developments. However, low consumer interest in shopping at travel points. Limited time for vacations and relaxation for many travelers compels them to focus on traveling rather than spending time and money on related activities such as retail shopping. On the contrary, steps taken to develop the travel & tourism industry of the region is expected to create opportunities in the near future.

Europe Travel Retail Industry Segmentation

The Europe Travel Retail Market report provides a comprehensive evaluation of the market with market segmentation. The report also focuses on the key market trends along with insights on major channels contributing to the growth of the market. Moreover, the competitive profile of the key manufacturers along with region analysis is also provided.

By Retail Activity Type
Fashion and Accessories
Jewellery and Watches
Wine & Spirits
Food & Confectionary
Tobacco
Fragnances and Cosmetics
Others (Stationery, Electronics, etc.)
By Channel
Airport
Airlines
Ferries
Others ( Airlines, Railway Stations, Border, Downtown)
By Key Countries
United Kingdom
France
Spain
Germany
Italy
Rest of Europe
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Europe Travel Retail Market Size Summary

The European travel retail market is a significant segment within the global travel and tourism industry, ranking as the second-largest market after Asia-Pacific. The United Kingdom stands out as the leading contributor to this market, which is bolstered by Europe's strong presence of luxury brands. The region is home to major luxury and fashion brands, such as LVMH and H&M, which play a crucial role in the travel retail sector. The market's growth is driven by increasing disposable incomes, urbanization, and evolving consumer lifestyles, alongside advancements in travel and tourism infrastructure and online booking systems. Despite challenges like limited consumer interest in shopping during travel, the market is poised for expansion due to ongoing developments in the travel and tourism industry.

Airport retailing is a dominant force in the European travel retail market, offering brands a vital platform for product promotion and consumer engagement. The expansion of airport facilities and the rise in passenger traffic have led to larger retail spaces, including shops, restaurants, and bars, enhancing the travel retail experience. The fragrances and cosmetics segment holds a significant share of the market, driven by a shift towards premium products and an affluent consumer base. The luxury retail segment is expected to experience the fastest growth, capitalizing on the demand for high-end products. The competitive landscape features numerous international and domestic brands, with companies like Dufry AG, Autogrill S.p.A., and LVMH Group leading the charge by opening exclusive stores and offering limited editions to boost brand visibility and market presence.

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Europe Travel Retail Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Value Chain Analysis

    3. 1.3 Porter's Five Forces Analysis

    4. 1.4 Insights on Trends in Passenger Traffic by Channels

    5. 1.5 Insights on Government Regulations and Initiatives Effecting the Market

    6. 1.6 Technology Innovations in the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Retail Activity Type

      1. 2.1.1 Fashion and Accessories

      2. 2.1.2 Jewellery and Watches

      3. 2.1.3 Wine & Spirits

      4. 2.1.4 Food & Confectionary

      5. 2.1.5 Tobacco

      6. 2.1.6 Fragnances and Cosmetics

      7. 2.1.7 Others (Stationery, Electronics, etc.)

    2. 2.2 By Channel

      1. 2.2.1 Airport

      2. 2.2.2 Airlines

      3. 2.2.3 Ferries

      4. 2.2.4 Others ( Airlines, Railway Stations, Border, Downtown)

    3. 2.3 By Key Countries

      1. 2.3.1 United Kingdom

      2. 2.3.2 France

      3. 2.3.3 Spain

      4. 2.3.4 Germany

      5. 2.3.5 Italy

      6. 2.3.6 Rest of Europe

Europe Travel Retail Market Size FAQs

The Europe Travel Retail Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

Dufry AG , Autogrill S.p.A., Lagardere SCA, Gebr. Heinemann SE & Co. KG and LVMH are the major companies operating in the Europe Travel Retail Market.

Europe Travel Retail Market Report Snapshots

Europe Travel Retail Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)