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Global Duty-Free Liquor Market Share, Size, Report, Analysis, Growth, Forecast: By Type: Beer, Wine, Vodka, Whiskey; By Channel: Cruise Liners, Airport, Railway Station, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Duty-Free Liquor Market Outlook
The global duty-free liquor market size reached a value of around USD 17.59 billion in 2023. The market is further expected to grow at a CAGR of 11.2% between 2024 and 2032, reaching a value of around USD 45.88 billion by 2032.
Key Trends in the Market
Duty-free liquor is defined as liquor that is exempt from paying national taxes and tariffs, as well as other specific local levies. This type of liquor is commonly sold in travel and tourism related locations, such as airports. People also purchase liquor from duty-free shops to spend their extra foreign currency before returning to their home nation.
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- The growth of the duty-free liquor market is being driven by factors such as rapid urbanisation, the expansion of the travel and tourism sector, an increase in disposable income, and increasing demand and consumption of alcohol.
- Rising number of air travellers, increasing awareness of duty-free liquor, and changes in lifestyle are further supporting the market for duty-free liquor. Growing popularity of airport lounges, bars, and restaurants are also increasing the sales of duty-free liquor.
- Duty-free shops sell alcohol for less money than conventional stores, thus, customers frequently purchase liquor from them at airports, train stations, cruise ships, and other locations. The sales of duty-free liquor is being boosted by the rising demand for beer, wine, and black spirits.
Global Duty-Free Liquor Market Analysis
Based on type, the market is divided into beer, wine, vodka, and whiskey. On the basis of channel, the market is segmented into cruise liners, airport, and railway station, among others. The regional markets for duty-free liquor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global duty-free liquor market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Dufry AG
- DFS Group Ltd.
- Lotte Hotel Co., Ltd. (Lotte Duty Free)
- Flemingo International
- Gebr. Heinemann SE & Co. KG
- King Power Group
- Duty Free Americas Inc.
- Delhi Duty Free Services Pvt. Ltd.
- Others
Global Duty-Free Liquor Market Share by Type
The whiskey segment by type is anticipated to rise significantly in the market for duty-free liquor due to a growing global consumer base as premium whiskey becomes increasingly popular in numerous countries. Whiskey is considered to be relatively expensive, particularly for high quality whiskey, and consumers are also favouring premium whisky brands due to the quality and reputation of these brands. With the high costs of whiskey in general liquor outlets, there is greater demand to purchase whiskey as duty-free liquor.
Global Duty-Free Liquor Market Share by Region
At a regional level, Europe accounts for a sizable share of the market for duty-free liquor, fuelled by a thriving tourism sector and cultural preference for alcohol consumption. Tourists from various nations actively visit Europe, and often purchase duty-free liquor for local consumption and to take back home. Within Europe, countries such as Germany are increasing the demand for duty-free liquor, further supporting the growth of the regional market.
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Competitive Landscape
Dufry AG, a travel retail company, was established in 1865 and has its headquarters in Basel, Switzerland. The company operates more than 2300 duty-free and duty-paid stores in seaports, airports, cruise ships, and other popular tourist destinations.
DFS Group Ltd., founded in 1960 with headquarters in Kowloon, Hong Kong, is a pioneer in the world of luxury travel retail. The company's retail locations sell high-end brands of clothing, jewellery, spirits, cigarettes, cosmetics, and other items.
Delhi Duty Free Services Pvt. Ltd. was established in 2010 and is headquartered in Delhi in India. The company manages and runs duty-free shops, selling items such as laptop bags, cosmetics, chocolates, alcohol, and candy.
Other market players include Lotte Hotel Co., Ltd. (Lotte Duty Free), Flemingo International, Gebr. Heinemann SE & Co. KG, King Power Group, and Duty Free Americas Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Duty-Free Liquor Market Analysis
8.1 Key Industry Highlights
8.2 Global Duty-Free Liquor Historical Market (2018-2023)
8.3 Global Duty-Free Liquor Market Forecast (2024-2032)
8.4 Global Duty-Free Liquor Market by Type
8.4.1 Beer
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Wine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vodka
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Whiskey
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Duty-Free Liquor Market by Channel
8.5.1 Cruise Liners
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Airport
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Railway Station
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Duty-Free Liquor Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Duty-Free Liquor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Duty-Free Liquor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Duty-Free Liquor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Duty-Free Liquor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Duty-Free Liquor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dufry AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DFS Group Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lotte Hotel Co., Ltd. (Lotte Duty Free)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Flemingo International
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Gebr. Heinemann SE & Co. KG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 King Power Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Duty Free Americas Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Delhi Duty Free Services Pvt. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Duty-Free Liquor Market: Key Industry Highlights, 2018 and 2032
2. Global Duty-Free Liquor Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Duty-Free Liquor Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Duty-Free Liquor Historical Market: Breakup by Channel (USD Million), 2018-2023
5. Global Duty-Free Liquor Market Forecast: Breakup by Channel (USD Million), 2024-2032
6. Global Duty-Free Liquor Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Duty-Free Liquor Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Duty-Free Liquor Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Duty-Free Liquor Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Duty-Free Liquor Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Duty-Free Liquor Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Duty-Free Liquor Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Duty-Free Liquor Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Duty-Free Liquor Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Duty-Free Liquor Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Duty-Free Liquor Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Duty-Free Liquor Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Duty-Free Liquor Market Structure
Key Questions Answered in the Report
In 2023, the global market for duty-free liquor attained a value of USD 17.59 billion.
The market is projected to grow at a CAGR of 11.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 45.88 billion by 2032.
The major drivers of the market include the rising awareness of duty-free liquor, increasing consumption of alcohol, development of the travel and tourism industry, and rising disposable income.
The rise in lifestyle changes, increase in the number of frequent fliers, growing demand for beer, wine, and dark spirits, and the rising popularity of airport lounges and bars are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary channels for duty-free liquor include cruise liners, airports, and railways stations, among others.
The major players in the duty-free liquor market are Dufry AG, DFS Group Ltd., Lotte Hotel Co., Ltd. (Lotte Duty Free), Flemingo International, Gebr. Heinemann SE & Co. KG, King Power Group, Duty Free Americas Inc., and Delhi Duty Free Services Pvt. Ltd., among others.
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