Newly released market study: Duty Free Retailing in Asia-Pacific, 2015-2020

From: Fast Market Research, Inc.
Published: Thu Jul 14 2016

Asia-Pacific duty free retail market recorded CAGR of 9.4% during 2010-2015 driven by increase in Chinese duty free spending and expansion of duty free retail space. Growing tourism, expansion of off-airport duty free locations, rising online duty free sales are key factors that will positively influence the regional duty free sales. However, devaluation of Chinese Yuan will reduce purchasing power of high spending Chinese duty free shoppers. To entice this cohort, majority of the Asian countries are easing their visa policies, which have previously fueled tourism and thus spending in Japan and South Korea. Duty free operators are also seeking growth in new markets as competition in home market intensifies with new airport and downtown duty free locations.

Key Findings

* Asia-Pacific will register CAGR of 9.4% during 2015-2020. It is the fastest growing region globally
* South Korea is the largest market in the region contributing more than 30% to the total region sales
* Japan will overtake Singapore and Thailand by 2020, growing at a CAGR of 13.2%
* India is the fastest growing market and is expected to surpass Thailand by 2020 with sales reaching US$1.4 billion
* Health and beauty is the largest category in 2015 and is expected to grow at a CAGR of 10.0%

Full Report Details at

The "Duty Free Retailing in Asia-Pacific, 2015-2020" report, published by Verdict Research, provides analysis of current and forecast market data for retail sales in different product categories sold through duty free channel in Asia-Pacific.

What else does this report offer?

* Current market sizes and forecasts to 2020 by country and category; covers 12 countries in Asia-Pacific and 20 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, packaged food, health and beauty, photographic equipment, printed media, sports equipment, tobacco, toys and games, and others
* Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
* International arrivals by country and top 10 source countries for international arrivals in each country
* Retail sales and fastest-growing markets for duty free channel
* Category level retail sales and forecast growth rates for each country
* Competitive landscape covering market share of major duty free operators in the region and their five year duty free sales and trading update analysis, duty free location wise latest developments, recent key events, and outlook

Reasons to Get this Report
Get immediate access to:

* Get reliable duty free retail sales data on 12 countries in Asia-Pacific for 2015 with forecasts for 2020, and identify the largest and fastest-growing markets to inform market expansion and to manage risk

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