Duty-Free liquor Market size was valued at US$ 10.50 Bn in 2023 and the total revenue is expected to grow at 10.8% through 2024 to 2030, reaching nearly US$ 21.53 Bn.
Duty-Free liquor Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Duty-Free liquor Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Duty-Free liquor Market by thorough analysis, and projections are made up to 2030.
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Duty-Free liquor Market Scope and Methodology:
Research in the Duty-Free liquor Market combines quantitative and qualitative methods. Through a variety of research methods, including primary and secondary research, subject matter expert advice, and quantitative and qualitative market data, information is gathered. Primary research makes use of important data from in-person and/or telephone interviews, questionnaires, industry experts’ comments, and other sources.
The Maximize Market Research team performed secondary research using a range of sources, such as corporate websites, annual reports, financial data, reports and SEC filings, internal and external proprietary databases, pertinent patent and regulatory databases, and financial information. In order to obtain information on topics like the dominance of a certain brand and the prices of services and goods in each nation and area, MMR Market Reports reached out to a number of important opinion leaders in the same sector, including senior and mid-level managers of major corporations and end-user executives.
Duty-Free liquor Market Regional Insights
The analysis delves deep into the markets of Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Duty-Free liquor market is a key aspect of the regional analysis provided in the report. The report contains data on product import and export, market size, and growth rate for each country. Additionally, the report has also offer a synopsis of the latest advancements in the global Duty-Free liquor market across different countries and regions.
Duty-Free liquor Market Segmentation
by Type Beer
Wine
Vodka
Cognac
Whiskey
The section is divided into four categories based on type: wine, vodka, cognac, whiskey, and beer. With a compound annual growth rate (CAGR) of 12.20% during the projected period, the Whiskey segment is leading the market in terms of growth. The largest portion of the duty-free liquor market was accounted for by the whiskey segment. due to a rise in customers from all over the world. Moreover, whisky is seen as a high-end good and a sign of refinement.
by Distribution Channel
Cruise Liner
Airport
Railway Station
Border
Downtown
Hotel Shop
The segment is separated into cruise liner, airport, railway station, border, downtown, and hotel shops based on the Distribution Channel. With a compound annual growth rate (CAGR) of 12.00% during the forecast period, the airport category has grown at the fastest rate. In 2023, the category with the largest share was airports. as a result of the ongoing expansion of air travel worldwide. One of the main drivers of the duty-free liquor industry’s expansion is the growth of the tourism sector.
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Duty-Free liquor Market Key Players
1. Brown Forman
2. Erdington
3. Bacardi
4. Heineken
5. Glen Moray
6. Accolade Wines
7. Constellation Brand Inc.
8. Remy Cointreau
9. Pernod
10.Richard
11.Diageo
12.The Famous Grouse
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Key questions answered in the Duty-Free liquor Market are:
- What is Duty-Free liquor?
- What was the Duty-Free liquor Market size in 2023?
- What will be the CAGR at which the Duty-Free liquor Market will grow?
- What growth strategies are the players considering to increase their presence in Duty-Free liquor?
- Who are the key players in the Duty-Free liquor Market?
- Who are the leading companies and what are their portfolios in Duty-Free liquor Market?
- What is the growth rate of the Duty-Free liquor Market?
- What are the upcoming industry applications and trends for the Duty-Free liquor Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Duty-Free liquor Market?
- What are the different segments of the Duty-Free liquor Market?
- What segments are covered in the Duty-Free liquor Market?
- Which are the factors expected to drive the Duty-Free liquor market growth?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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