MEA Travel Retail Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Travel Retail Market Analysis
The travel retail market which is one of the strong performing industries in the Middle Eastern region has recorded a sharp drop in revenues during 2020. It recorded a lower market value which is more than half of the value is recorded in the year 2019 owing to the COVID-19 pandemic global outburst with around USD 2.8 billion in 2020. Repeated lockdowns and the closure of international borders for a longer time and the global outburst of the virus have resulted in the revenue plunge during the year.
The United Arab Emirates especially Dubai has been largely identified as the luxury travel destination for many international travelers owing to which it is largely seen as a traveler's shopping destination. Owing to the high number of tourist visits to the Emirates followed by the variety of diverse products that are available to the customers are the major factors that are helping the market to record increasing revenues each year. During the study period, the market has witnessed several new launches products, and brands which helped the market to record more revenue transactions. The duty-free retail spaces at Dubai International Airport, Abu Dhabi International Airport, are also contributing a major share to the travel retail owing to the high demand for the duty-free products acorss nations. The advantageous geography of the Middle Eastern region, which connects it to all four corners of the globe, is also helping the travel retail market in expanding its revenue by welcoming more shoppers.
MEA Travel Retail Market Trends
This section covers the major market trends shaping the MEA Travel Retail Market according to our research experts:
The UAE has been Playing a Key Role in Attracting More Customers and thus Recording Year-on-Year Revenues
The majority of the Middle Eastern airports have been a part of the top international thus helping the travel retail market in high revenue generation. Of many, Dubai is the number one airport in terms of international traffic and is offering extra lavish premises and a wide range of products to the travelers which thus helping the market in attracting more customers year on year. These international hubs are welcome a significant number of global shoppers, for instance, Dubai is the third airport in EMEA in terms of Chinese passengers, and the number of travelers from China to Doha has grown largely during the study period.
Beauty Products, Jewellery, Fashion and Accessories are Faster Developing Segments in the Market
Beauty products, Cosmetics, Jewellery, have been the largest contributing product category to the total sales recorded in the market followed by other products such as perfumes, liquor, and tobacco. Gold and precious gems have also been one of the well-performing market segments in the Middle Eastern market owing to the various designs of jewelry that is offered to the customers. Beauty products and perfumes have also recorded strong demand during the study period and are among the products which have a greater number of sales transactions in the market.
MEA Travel Retail Industry Overview
The presence of several leading players including Dubai Duty-Free, Abu Dhabi Duty-Free, Aer Rianta International Middle East, etc., in the Middle East and Africa travel retail market has made it more competitive. The leading brands are opening exclusive stores for special products in order to attract more customers. The companies are also promoting, differentiating, and selling limited editions to increase their visibility and brand awareness in the market.
MEA Travel Retail Market Leaders
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Aer Rianta International Middle East
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Abu Dhabi Duty Free
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Dubai Duty Free
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Lagardere Travel Retail
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Dufry AG
*Disclaimer: Major Players sorted in no particular order
MEA Travel Retail Market News
- June 2021, Leading French luxury brand Louis Vuitton announced plans to open a boutique at Dubai International (DXB) by the end of 2021 in partnership with Dubai Duty-Free.
- June 2021, Dubai Duty Free launched an ecosystem restoration journey "Plant a Tree, Plant A Legacy" initiative, With a goal of planting 10,000 trees over 10 years through new and existing environmental projects to inspire, encourage and build a culture of ecosystem restoration within the organization for the next decade.
MEA Travel Retail Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints/Challenges
- 4.4 Market Opportunities
- 4.5 Value Chain / Supply Chain Analysis
- 4.6 Porter's Five Force Analysis
- 4.7 Insights on Government Regulations and Initiatives Effecting the Market
- 4.8 Consumer Behaviour Analysis
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Fashion and Accessories
- 5.1.2 Jewellery and Watches
- 5.1.3 Wine and Spirits
- 5.1.4 Food and Confectionary
- 5.1.5 Fragnances and Cosmetics
- 5.1.6 Tobacco
- 5.1.7 Others (Stationery, Electronics, etc.)
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5.2 By Distribution Channel
- 5.2.1 Airports
- 5.2.2 Airlines
- 5.2.3 Ferries
- 5.2.4 Others (Railway Stations, Border, Downtown)
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5.3 By Geography
- 5.3.1 United Arab Emirates
- 5.3.2 Saudi Arabia
- 5.3.3 South Africa
- 5.3.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Aer Rianta International Middle East
- 6.2.2 Abu Dhabi Duty Free
- 6.2.3 Dubai Duty Free
- 6.2.4 Lagardere Travel Retail (part of Lagardere Group)
- 6.2.5 Bahrain Duty Free
- 6.2.6 Beirut Duty Free
- 6.2.7 Big Five Duty Free Stores
- 6.2.8 Hamila Duty Free
- 6.2.9 Kreol Travel Retail
- 6.2.10 Pernod Ricard Global Travel Retail
- 6.2.11 Dufry AG
- 6.2.12 EgyptAir for Tourism (El Karnak) and Duty Free Shops Company (EADFS)*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
MEA Travel Retail Industry Segmentation
A complete background analysis of the Middle East and Africa travel retail market, which includes an assessment of the emerging trends by segments, significant changes in market dynamics, and market overview, is covered in the report. The Middle East and Africa Travel Retail Market are Segmented By Product Type into Fashion and Accessories, Jewelry and Watches, Wine & Spirits, Food & Confectionery, Fragrances and Cosmetics, Tobacco, and Others (Stationery, Electronics, etc.), By Distribution Channel into Airports, Airlines, Ferries, and Others (Railway Stations, Border, Downtown), and by Geography into the United Arab Emirates, Saudi Arabia, South Africa, and Rest of the Middle East and Africa. The report offers market size and forecasts for the Middle East and Africa travel retail market in value (USD million) for all the above segments.
| By Product Type | Fashion and Accessories |
| Jewellery and Watches | |
| Wine and Spirits | |
| Food and Confectionary | |
| Fragnances and Cosmetics | |
| Tobacco | |
| Others (Stationery, Electronics, etc.) | |
| By Distribution Channel | Airports |
| Airlines | |
| Ferries | |
| Others (Railway Stations, Border, Downtown) | |
| By Geography | United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle East and Africa |
MEA Travel Retail Market Research FAQs
What is the current Middle East and Africa Travel Retail Market size?
The Middle East and Africa Travel Retail Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Travel Retail Market?
Aer Rianta International Middle East, Abu Dhabi Duty Free, Dubai Duty Free, Lagardere Travel Retail and Dufry AG are the major companies operating in the Middle East and Africa Travel Retail Market.
What years does this Middle East and Africa Travel Retail Market cover?
The report covers the Middle East and Africa Travel Retail Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East and Africa Travel Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East And Africa Travel Retail Industry Report
Statistics for the 2024 Middle East And Africa Travel Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East And Africa Travel Retail analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
