Duty-free Liquor Market expected to grow at a CAGR of 9.4% to reach $3.7 billion by 2026

Duty-free Liquor Market

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.

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. People also buy liquor from duty-free stores to spend the  surplus foreign currency before going back to their home country.

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Development of travel & tourism industry, rapid growth in urbanization, and rise in disposable income is anticipated to drive the global duty-free liquor market. However, stringent government rules, particularly for airport retailing is anticipated to hinder the growth of the industry during the forecast period.

The key players operating in the global duty-free liquor industry analysis focus on prominent strategy to overcome competition and to maintain as well as improve their share worldwide. The key players profiled in the report include Brown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands, Inc., REMY COINTREAU, Pernod, and Ricard.

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Key Findings of the Duty-Free Liquor Market :

  • Based on region, Asia-Pacific is anticipated to lead the in terms of Duty-Free Liquor Market Share
  • Based on type, the whiskey category occupied the maximum share in Duty-Free Liquor Market Analysis in 2018
  • By channel, the airport category dominated the overall duty-free liquor market growth in 2018, and is expected to dominate the duty-free liquor market forecast.

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