U.S (New York)– The “Duty-Free Liquor Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global XXX, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global duty-free liquor market size was valued at $2.8 billion in 2018, and is expected to grow at a CAGR of 9.4% to reach $3.7 billion by 2026. The Duty-Free Liquor market report provide a 360-degree overview of Duty-Free Liquor industry that helps you to identify and define the opportunity and problems in the market. The report support you to generate, evaluate, and refine the marketing actions, monitoring the market performance, and improve understanding of the factors that drive and restrain the market. Duty-free liquor refers to the liquor exempted from payment of national taxes and duties, and other certain local taxes. Duty-free liquor are sold to travelers travelling to some other country. Such shops or retail outlets are available at various channels such as airports, cruise liners, railway stations, and border, downtown, and hotel shops.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Food and Beverages industries. resulting in a large market for Duty-Free Liquor Market .
The growth of the global duty-free liquor is majorly driven by development of the travel & tourism industry. The rise in tourism promotion, increase in number of passengers and frequent fliers, and others, are expected to fuel the growth of the duty-free liquor market. As per the WHO and other organizations, Africa and Asia are the major regions that are expected to witness a rapid urbanization trend and are projected to account for 56% and 64% urbanization rate, respectively, by 2050.
India and China are the two major countries with increase in urban population and potential markets for the duty-free liquor market. Also, increase in disposable income of individuals, particularly in Europe and Asia-Pacific, is anticipated to witness high growth, thus driving the overall growth of the market However, stringent government rules, especially for airport retailing, are expected to hamper the market growth. This is due the strict baggage rules for air travel passengers that limit the baggage capacity or charge extra for excess baggage.
The global duty-free liquor market is segmented based on type, and channel. Depending on type, the industry is divided into beer, wine, vodka, cognac, and whiskey. By channel, it is classified into cruise liners, airports, railway stations, and border, downtown, and hotel shops.
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The report highlights the drivers, restraints, opportunities, and growth strategies adopted by the key players to understand the dynamics and potential of the industry. Key players operating in the duty-free liquor market are profiled to provide a competitive landscape of the marketspace.
KEY BENEFITS FOR STAKEHOLDERS
– The report includes an in-depth analysis of different segments and provides market estimations between 2019 and 2026.
– Porter’s five forces model illustrates the potency of buyers & sellers, which assists the market players to adopt effective strategies.
– Key market players are profiled to gain an understanding of the strategies adopted by them.
– This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities.
The major players profiled in the report areBrown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands, Inc., REMY COINTREAU, Pernod, Ricard.
KEY SEGMENTS
– By Type
o Beer
o Wine
o Vodka
o Cognac
o Whiskey
– By Channel
o Cruise liners
o Airports
o Railway Station
o Border, downtown and hotel shops
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– By Region
o North America
– U.S.
– Canada
– Mexico
o Europe
– Germany
– France
– UK
– Italy
– Spain
– Rest of Europe
o Asia-Pacific
– Japan
– China
– Australia
– India
– Rest of Asia-Pacific
o LAMEA
– Brazil
– Argentina
– Saudi Arabia
– South Africa
– Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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