Duty Free Retailing Market 2015 – 2020 Share of Each Region in Global July 2016 | Page 2

Global Duty Free Retailing, 2015-2020; Market Dynamics, Retail Trends, and Competitive Landscape Duty free channel has produced notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. Over the next five years, the market is expected to expand at a faster rate mainly driven by increasing number of international travelers, supported by growth of low cost airlines and new air routes across the world, modernization of airports, and new duty free retail space. In addition, organic growth in Asia-Pacific duty free market on the back of high Chinese spending and expansion of duty free retail space will contribute to the global sales. Key Findings • Global will register CAGR of 6.7% during 2015-2020 with Asia-Pacific contributing to majority of the sales • South Korea is the largest market globally and will retain its position growing at a CAGR of 9.6% • India will be the fastest growing market at 20.7% during 2015-2020, followed by Japan, which will enter top 10 largest market list at the seventh position in 2020 • Cosmetic and toiletries was the largest category in 2015 and is set to witness a CAGR of 7.9% during the next five years, driven by demand for Korean cosmetics, introduction of specialized concepts promoting higher customer engagement Access Complete Report at http://www.reportsnreports.com/reports/646375-global-duty-free-retailing2015-2020-market-dynamics-retail-trends-and-competitive-landscape.html. Order this report by calling [phone] or Send an email to [email protected] with your contact details and questions if any. © ReportsnReports.com / Contact [email protected] 2