Who are the key players in India Travel Retail Market?

Dufry, Delhi Duty Free, Lotte, The Shilla and Flemingo Travel Retail are the major companies operating in the India Travel Retail Market. Read More

What years does this India Travel Retail Market cover, and what was the market size in 2023?

In 2023, the India Travel Retail Market size was estimated at USD 1.59 billion. The report covers the India Travel Retail Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Travel Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

India Travel Retail Market Size

Market Size of India Travel Retail Industry

Study Period	2020-2029
Base Year For Estimation	2023
Market Size (2024)	USD 2.03 Billion
Market Size (2029)	USD 5.40 Billion
CAGR (2024 - 2029)	21.59 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

India Travel Retail Market Analysis

The India Travel Retail Market size is estimated at USD 2.03 billion in 2024, and is expected to reach USD 5.40 billion by 2029, growing at a CAGR of 21.59% during the forecast period (2024-2029).

The Indian travel retail sector is growing rapidly due to increased domestic and international travelers. Travel retail involves the sale of goods and services to travelers, commonly found in locations like airports, cruise ships, and border crossings. These outlets provide cosmetics, perfumes, alcohol, tobacco, and luxury items. Notably, travel retail offers duty-free shopping, allowing customers to buy items without paying certain local taxes or duties.

Several factors drive the growth of the Indian travel retail market. The increasing incomes in India enable more people to afford travel, resulting in higher spending in travel retail. Moreover, improved air connectivity, both domestically and internationally, has made traveling more convenient, thereby boosting the travel retail sector. India's growing reputation as a tourist hotspot has attracted more international visitors, further contributing to the growth of the travel retail market. Furthermore, changing consumer preferences, focusing on unique and high-quality products, have led to increased purchases from travel retail outlets offering a wide range of goods.

India Travel Retail Industry Segmentation

Travel retail is essentially shoppers' business while travel passengers are in transit. The India travel retail market forecast is segmented by product type distribution channel. By product type, the market is segmented into fashion and accessories, wine and spirits, tobacco, food and confectionery, fragrances and cosmetics, and other product types. By distribution channel, the market is segmented into airports, cruise liners, railway stations, and other distribution channels. The reports offer the market sizing and forecasts for the travel retail market in value (USD) for all the above segments.

By Product Type
		Fashion and Accessories
		Wine and Spirits
		Tobacco
		Food and Confectionary
		Fragrances and Cosmetics
		Other Product Types (Stationery, Electronics, Watches, Jewelry, etc.)

By Distribution Channel
		Airports
		Cruise Liners
		Railway Stations
		Other Distribution Channels

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India Travel Retail Market Size Summary

The Indian travel retail market is experiencing significant growth, driven by an increase in both domestic and international travel. This sector, which encompasses the sale of goods and services to travelers at locations such as airports, cruise ships, and border crossings, is benefiting from the rise in disposable incomes and improved air connectivity. The appeal of duty-free shopping, where customers can purchase items without local taxes, further enhances the attractiveness of travel retail. As India becomes a more prominent tourist destination, the influx of international visitors is contributing to the market's expansion. Changing consumer preferences for unique and high-quality products are also encouraging higher spending in travel retail outlets.

The growth of tourism in India is a major factor propelling the travel retail market, with increased demand for products at duty-free shops and airport stores. This demand is leading to the expansion of retail spaces and the introduction of new outlets. The market is characterized by a diverse range of products, with a notable rise in the popularity of premium beverages such as brown spirits, sparkling wine, and whisky. Duty-free shops at airport arrivals are particularly successful, with liquor being the top-selling category. The market is fragmented, with key players like Dufry, Delhi Duty-Free, and Flemingo Travel Retail competing through innovative promotions and attractive pricing strategies.

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India Travel Retail Market Size - Table of Contents

1. MARKET INSIGHTS AND DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increase in Domestic Travel Driving the Market
  2. 1.2.2 Growing Tourist Footfall Driving the Market
3. 1.3 Market Restraints
  1. 1.3.1 Restrictions on Purchases of Number of Products
  2. 1.3.2 Customs Regulations and Taxation Policies
4. 1.4 Market Opportunities
  1. 1.4.1 Increase in Number of Retail Chains will Create Opportunities in the Market
5. 1.5 Value Chain Analysis
6. 1.6 Porter's Five Forces Analysis
  1. 1.6.1 Threat of New Entrants
  2. 1.6.2 Bargaining Power of Buyers/Consumers
  3. 1.6.3 Bargaining Power of Suppliers
  4. 1.6.4 Threat of Substitute Products
  5. 1.6.5 Intensity of Competitive Rivalry
7. 1.7 Insights on Technological Innovations in the Market
8. 1.8 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Product Type
  1. 2.1.1 Fashion and Accessories
  2. 2.1.2 Wine and Spirits
  3. 2.1.3 Tobacco
  4. 2.1.4 Food and Confectionary
  5. 2.1.5 Fragrances and Cosmetics
  6. 2.1.6 Other Product Types (Stationery, Electronics, Watches, Jewelry, etc.)
2. 2.2 By Distribution Channel
  1. 2.2.1 Airports
  2. 2.2.2 Cruise Liners
  3. 2.2.3 Railway Stations
  4. 2.2.4 Other Distribution Channels