Asia pacific duty free retail Market Overview:

A research team conducted extensive primary and secondary research for the global Asia pacific duty free retail market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.

The numerous users in the market are discussed, as well as the factors driving the Asia pacific duty free retail market's growth. Data is contributed by market participants, geographic areas, and specific requirements. This market-ready study proposal provides a thorough overview of all significant advancements that are currently in use across all market segments. It is recommended that key data analysis be presented in the form of statistics, infographics, and presentations.

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Asia pacific duty free retail Market Scope:

New international airports are being constructed, creating considerable economic prospects for people who work in the market. For instance, the first phase of an international airport dubbed "Dholera" in Gujarat will cost USD 135.07 million, according to building clearance granted in February 2021 by the Airport Authority of India (AAI), a governmental entity in India that oversees 125 airports (INR 987 crore). Delhi and Mumbai will each have three international airports, compared to two operational airports for each of the top 31 Indian cities, and India would have 190–200 operational airports by the year 2040, as stated in the Civil Aviation Ministry's "Indian Aviation's Vision 2040."

Asia pacific duty free retail Market Segmentation:

Only a few of the many different products that are categorised on the market include cigarettes, alcohol, cosmetics, and fragrances. Over time, it is likely that the fragrances category will hold the majority of the market share. Luxury fragrances are distributed through reputable international distribution networks to duty-free shops throughout Asia-Pacific that are all grouped under the world umbrella. In order to purchase perfumes from internationally renowned brands like Giorgio Armani, Al Haramain Dazzle Intense, Belle, Signature Rose, Signature Silver, and Khulasat Al Oud, affluent foreign tourists frequently visit duty-free retail chains in the Asia Pacific region. All perfume varieties, including Perfume or De Perfume, Eau De Perfume (EDP), Eau De Toilette (EDT), and Eau De Cologne, are available through major distribution channels (EDC).

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Asia pacific duty free retail Market Key players:

Dufry AG (Switzerland)
DFS Group (China)
Heinemann SE & Co. KG (Germany)
Shinsegae Duty-Free Inc. (South Korea)
The King Power International Group (Thailand)
Lagardère Group (France)
Dubai Duty-Free (UAE)
COVID-19 Impact on Asia pacific duty free retail market:

The Asia pacific duty free retail market has been significantly impacted by the COVID-19 outbreak. The development of Asia pacific duty free retail production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Asia pacific duty free retail market's growth in 2020. However, given the high demand for Asia pacific duty free retail, COVID-19's market effects are expected to be transitory. The industry is expected to recover completely by early 2021.

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