Global Travel Retail Market Size & Outlook, 2024-2030
The travel retail industry worldwide is expected to reach a projected revenue of US$ 128,941.7 million by 2030. A compound annual growth rate of 9.5% is expected of the worldwide travel retail industry from 2025 to 2030.
Revenue, 2024 (US$M)
$75,129.7
Forecast, 2030 (US$M)
$128,941.7
CAGR, 2025 - 2030
9.5%
Report Coverage
Worldwide
Global travel retail market, 2018-2030 (US$M)
Related Markets
Global travel retail market highlights
- The global travel retail market generated a revenue of USD 75,129.7 million in 2024 and is expected to reach USD 128,941.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.5% by 2030.
- In terms of segment, perfume & cosmetics accounted for a revenue of USD 35,791.1 million in 2024.
- Electronics & Gifts is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 75,129.7 million |
| Market revenue in 2030 | USD 128,941.7 million |
| Growth rate | 9.5% (CAGR from 2025 to 2030) |
| Largest segment | Perfume & cosmetics |
| Fastest growing segment | Electronics & Gifts |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Perfume & Cosmetics, Wine & Spirits, Fashion & Accessories, Tobacco Products, Electronics & Gifts, Food & Confectionery |
Other key industry trends
- In terms of revenue, the North America accounted for 12.5% of the global travel retail market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 7,176.9 million by 2030.
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Travel Retail Market Scope
Travel retail market segmentation & scope
Others
Travel Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global travel retail market size, by regions, 2018-2030 (US$M)
Top 10 countries: Travel retail market size, 2024 (US$M)
Global travel retail market share, by product, 2024 & 2030 (%, US$M)
Travel retail market: Opportunity assessment by country
Global travel retail market, by region, 2024 (US$M)
Related regional statistics
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