Portland, OR -- (SBWire) -- 09/12/2017 --Travel retail refers to selling goods that are free of the local or national taxes and excise duties to international travelers. The only criterion of the sale is to take the goods out of the country. Travel retail shops are located at various places, such as airports, border shops, onboard cruise, bus terminals, and railway stations, to provide goods and other shopping facilities to travelers at minimum rates.
The key players profiled in the report include DFS Group, Dufry, LS Travel Retail, Lotte Duty Free, Autogrill Travel Retail & Duty Free, Gebr Heinemann, The Naunace Group, The Shilla Duty Free, Dubai Duty Free, and Ever Rich Group.
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Key Benefits
The report includes an extensive analysis of the factors that drive and restrain the growth of the LAMEA travel retail market.
The factors affecting the market growth and projections from 2014 to 2022 are included in the report.
Product
- Confectioners
o Baker's Confections
o Sugar Confections
- Fine Foods
o Packaged Food
o Bakery (travel retail growth)
o Meat & Sea Food
o Beverages
o Others
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The LAMEA travel retail market is driven by increase in medium income population and change in the lifestyle of consumers. However, lack of awareness among the people related to travel retail system restrains the market growth. In addition, the unorganized local market sector, and high risk of scams hamper the market growth. Conversely, increase in popularity of international tourism and rise in middle class population are expected to boost the market growth in the near future.
Retail Hub
- Airports (airport retail market size)
- Ferries & Cruises
- Airlines
- Others
The LAMEA travel retail market is segmented based on product, retail hub, and geography. Based on product, it is bifurcated into confectionery {baker's confections and sugar confections}, fine foods {packaged food, bakery, meat & sea food, beverages, and others}. Based on retail hub, it is categorized into airports, ferries & cruises, airlines, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. (travel retail industry trends)
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Market Players in the Value Chain
- DFS Group
- Dufry (travel retail market size)
- LS Travel Retail
- Lotte Duty Free (travel retail industry statistics)
- Autogrill Travel Retail & Duty Free
- Gebr Heinemann
- The Naunace Group
- The Shilla Duty Free
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LAMEA Travel Retail Market Size Is Set to Grow at a Remarkable Pace in the Coming Years
LAMEA Travel Retail Market Research report provides quantitative & qualitative trends to assist stakeholders understand the situations prevailing in the market.