Duty Free Retailing Market in India, Industry Outlook and Forecast 2024-2030

This report studies the Duty-Free Retailing market. Duty-free shops (or stores) are retail outlets that are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component.

However, some countries impose duty on goods brought into the country, though they had been bought duty-free in another country, or when the value or quantity of such goods exceed an allowed limit. Duty-free shops are often found in the international zone of international airports, sea ports, and train stations but goods can also be bought duty-free on board airplanes and passenger ships. They are not as commonly available for road or train travelers, although several border crossings between the United States and both Canada and Mexico have duty-free shops for car travelers. In some countries, any shop can participate in a reimbursement system, such as Global Blue and Premier Tax Free, wherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.

This report contains market size and forecast of Duty Free Retailing in India, highlights the following information:

Sales of Duty Free Retailing in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Duty Free Retailing in India: Revenue Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Duty Free Retailing will continue to grow rapidly in the future.

The global Duty Free Retailing market size was valued at 73060 million in 2023 and is forecast to a readjusted size of US$ 207630 million by 2030, with a CAGR of 15.9% during the forecast period 2024-2030.While the India Duty Free Retailing market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Duty Free Retailing's global value in 2030, from % in 2023.

Our research team has surveyed the Duty Free Retailing manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Duty Free Retailing Market, By Type, 2019-2024, 2025-2030 ($ Millions)

India Duty Free Retailing Market Segment Percentages, By Type, 2023 (%)

Cosmetics & Personal Care Products

Alcohol, Wine and Spirits

Tobacco & Cigarettes

Fashion & Luxury Goods

Confectionery & Food Stuff

Others

India Duty Free Retailing Market, By Application, 2019-2024, 2025-2030 ($ Millions)

India Duty Free Retailing Market Segment Percentages, By Application, 2023 (%)

Airports

Onboard Aircraft

Seaports

Train Stations

Others

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Duty Free Retailing revenues in India market, 2019-2024 (Estimated), ($ millions)

Further, the report presents profiles of competitors in the market, key players include:

Dufry

Lagardère Travel Retail

Lotte Duty Free

LVMH

Aer Rianta International (ARI)

China Duty Free Group

Dubai Duty Free

Duty Free Americas

Gebr. Heinemann

King Power International Group (Thailand)

The Shilla Duty Free