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Duty-Free Liquor Market by Type (Beer, Wine, Vodka, Cognac, and Whiskey) and Channel (Cruise liners, Airport, Railway Station, Border, downtown, and hotel shops) & Region- Analysis, Size, Growth, Investment and Forecasts 2022–2027

Published: January, 2022
ID: 8774
Pages: 175

Duty-Free Liquor Market Value And Expected Growth:

Duty-Free Liquor Market was valued at 3.1 Billion USD in 2022. The market is expected to grow at a CAGR is of 9.4% over the forecast period to reach a valuation of 4 Billion USD in 2027.

Duty-Free Liquor Market Drivers Restraints And Opportunities:

The growth of the travel & tourism industry includes lifestyle changes, a rise in tourism promotion, an increase in passenger numbers and frequent fliers, and others.

Consumers tend to buy alcohol from duty-free shops located at airports, railway stations, cruise liners, and others, as it is available at a lower price than liquors in regular stores.Rising disposable income is a crucial driver of the duty-free alcohol market in the years ahead.High growth has been seen in the disposable income of individuals in Europe and Asia-Pacific, driving the overall growth of the duty-free liquor industry.Strict government rules, especially for airport retailing.Strict baggage rules which restrict baggage capacity or charge extra for excess baggage for passengers Improvement in the economic situation and growth in disposable income are the two key factors driving the growth of the duty-free liquor market. The world economy was at a standstill after the 2009 European economic crisis. This financial crisis has affected almost all countries in the world. Steady recovery from the crisis, however, has resulted in healthy economic growth, especially in developing economies, and has resulted in increased disposable income among middle-income groups, thereby adding to the middle-class population

Recent Developments in the Duty-Free Liquor Industry:

Consumers in Singapore can now buy tax and duty-absorbed alcohol from a particular site. The page, launched by Changi Airport and retailer DFS Group based in Hong Kong on July 30 2019, is selling over 140 varieties of wine, champagne and sake.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

9.4%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Brown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands Inc, REMY COINTREAU

Duty-Free Liquor Market Segmentation Analysis:

By Type

  • Beer

  • Wine

  • Vodka

  • Cognac

  • Whiskey

By Channel

  • Cruise liners

  • Airport

  • Railway Station

  • Border

  • Downtown

  • Hotel shops

The category of whisky accounted for the largest share of the duty-free alcohol market due to an increase in the global consumer base. In fact, whiskey is known as a premium product and an indicator of taste and sophistication

Thanks to the continuous growth in international aviation and air traffic, the airport group achieved the highest share in 2018. In addition, the growth of the duty-free liquor industry is one of the key factors in the development of the tourism industry

Duty-Free Liquor Market Geographical Analysis:

  • North America

  • Europe

  • Asia-Pacific

  • Middle East and Africa

  • Latin America

India and China are the two major countries with urban population growth and future duty-free liquor industry areas. In addition, the rise in travel & tourism industry development is also anticipated during the forecast period to fuel market growth. This is because leisure tourism, corporate tourism, and others are included in travel & tourism. Chinese tourists are the most significant contributors to the sales of luxury brands, accounting for 25% of global revenue from retailers' luxury products.

Duty-Free Liquor Market Key Players in the Market:

The key players operating in the duty-free liquor market analysis concentrate on a prominent strategy for overcoming the competition and sustaining and increasing their global share.

  1. Brown-Forman

  2. Diageo

  3. Erdington

  4. Bacardi

  5. Heineken

  6. Glen Moray

  7. Accolade Wines

  8. Constellation Brands Inc

  9. REMY COINTREAU

  10. Pernod

  11. Ricard

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Beer          

                                5.1.3 Wine         

                                5.1.4 Vodka       

                                5.1.5 Cognac     

                                5.1.6 Whiskey   

                                5.1.7 Y-o-Y Growth Analysis, By Type      

                                5.1.8 Market Attractiveness Analysis, By Type    

                                5.1.9 Market Share Analysis, By Type     

                5.2 Channel                       

                                5.2.1 Introduction           

                                5.2.2 Cruise Liners          

                                5.2.3 Airport      

                                5.2.4 Railway Station     

                                5.2.5 Border      

                                5.2.6 Downtown             

                                5.2.7 Hotel Shops            

                                5.2.8 Y-o-Y Growth Analysis, By Channel

                                5.2.9 Market Attractiveness Analysis, By Channel              

                                5.2.10 Market Share Analysis, By Channel            

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Channel

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Channel

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Brown-Forman                         

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Diageo                          

                8.3 Erdington                    

                8.4 Bacardi                         

                8.5 Heineken                    

                8.6 Glen Moray                

                8.7 Accolade Wines                        

                8.8 Constellation Brands Inc                       

                8.9 REMY COINTREAU                   

                8.10 Pernod                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Duty-Free Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Duty-Free Liquor Market By Type, From 2022 - 2027 ( USD Billion )

  3. Global Beer Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Wine Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Vodka Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Cognac Market By Region, From 2022 - 2027 ( USD Billion )

  7. Global Whiskey Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Duty-Free Liquor Market By Channel, From 2022 - 2027 ( USD Billion )

  9. Global Cruise Liners Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Airport Market By Region, From 2022 - 2027 ( USD Billion )

  11. Global Railway Station Market By Region, From 2022 - 2027 ( USD Billion )

  12. Global Border Market By Region, From 2022 - 2027 ( USD Billion )

  13. Global Downtown Market By Region, From 2022 - 2027 ( USD Billion )

  14. Global Hotel Shops Market By Region, From 2022 - 2027 ( USD Billion )

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