India Travel Retail Market Size

Report on Industry Size & Market Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Indian Travel Retail Market Report is Segmented by Product Type (Fashion and Accessories, Wine and Spirits, Tobacco, Food and Confectionary, Fragrances and Cosmetics, and Other Product Types (Stationery, Electronics, Watches, Jewelry, Etc. )) and Distribution Channel (Airports, Airlines, Ferries and Other Distribution Channels). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

India Travel Retail Market Size

India Travel Retail Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 2.03 Billion
Market Size (2029) USD 5.40 Billion
CAGR (2024 - 2029) 21.59 %
Market Concentration Medium

Major Players

India Travel Retail Market Major Players

*Disclaimer: Major Players sorted in no particular order


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India Travel Retail Market Analysis

The India Travel Retail Market size is estimated at USD 2.03 billion in 2024, and is expected to reach USD 5.40 billion by 2029, growing at a CAGR of 21.59% during the forecast period (2024-2029).

The Indian travel retail sector is growing rapidly due to increased domestic and international travelers. Travel retail involves the sale of goods and services to travelers, commonly found in locations like airports, cruise ships, and border crossings. These outlets provide cosmetics, perfumes, alcohol, tobacco, and luxury items. Notably, travel retail offers duty-free shopping, allowing customers to buy items without paying certain local taxes or duties.

Several factors drive the growth of the Indian travel retail market. The increasing incomes in India enable more people to afford travel, resulting in higher spending in travel retail. Moreover, improved air connectivity, both domestically and internationally, has made traveling more convenient, thereby boosting the travel retail sector. India's growing reputation as a tourist hotspot has attracted more international visitors, further contributing to the growth of the travel retail market. Furthermore, changing consumer preferences, focusing on unique and high-quality products, have led to increased purchases from travel retail outlets offering a wide range of goods.

India Travel Retail Market Trends

Growth of Tourism is Impacting the India Travel Retail Market

  • The significant growth of tourism in India profoundly impacts the country's travel retail market. With more tourists visiting, there is a heightened demand for products and services at travel retail outlets like duty-free shops, airport stores, and hotel shops. This surge in demand is fueling market growth, prompting the creation of new retail spaces and the expansion of existing ones. Tourists' evolving preferences and spending habits influence the products available in these outlets. India's burgeoning tourism sector is a pivotal force propelling the expansion and transformation of its travel retail market.
  • With the increasing popularity of coastal tourism, India's premier online travel company has introduced the 'Beaches of India' campaign. This initiative highlights the nation's plentiful coastal attractions and positions them as desirable tourist destinations.
India Travel Retail Market - Share of Revenue from Retail Concessions across India, By Leading Airport, In %, 2022

Growth of Wines and Spirits in the India Travel Retail Market

  • India is experiencing robust consumption and a growing trend towards premiumization, driven by increased disposable incomes among the middle class, the easing of pandemic restrictions, and enhanced quality, variety, and availability in retail. Momentum is positive across all drinks categories, with a notable surge in demand for brown spirits. Consumers are upgrading their preferences, especially in sparkling wine, whisky, and agave-based spirits.
  • In addition to the diverse product range available at duty-free stores, promotional offers, and other incentives attract Indian consumers. Interestingly, duty-free shops at airport arrivals in India are outperforming their departure counterparts, with liquor being the top-selling category in arrivals. This may be attributed to the highly competitive prices offered on liquor at duty-free shops. Arrivals contribute significantly to duty-free shop sales, as inbound travelers often make purchases back to the city.
India Travel Retail Market - Revenue of Wines in India Travel Retail, In USD Million, 2019-2022

India Travel Retail Industry Overview

The Indian travel retail market is fragmented, with many players. The increasing focus on offering a diverse and wide range of products may enable the vendors to attract many consumers and gain significant market shares. Adopting innovative promotional campaigns and attractive price offerings may help the players sustain the competition in the travel retail market in India. The key players include Dufry, Lotte, The Shilla, Delhi Duty-Free, and Flemigo Travel Retail.

India Travel Retail Market Leaders

  1. Dufry

  2. Delhi Duty Free

  3. Lotte

  4. The Shilla

  5. Flemingo Travel Retail

*Disclaimer: Major Players sorted in no particular order

India Travel Retail Market Concentration
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India Travel Retail Market News

  • August 2023: Brand Concepts Ltd, a fashion retail house specializing in travel gear, handbags, and lifestyle accessories, collaborated with United Colors of Benetton to introduce an exclusive collection of travel accessories and small leather items in the Indian market.
  • February 2023: Dufry AG, the world's largest duty-free operator, acquired Autogrill SpA, a company specializing in motorway and airport catering, from the Benetton Family.

India Travel Retail Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Domestic Travel Driving the Market

      2. 4.2.2 Growing Tourist Footfall Driving the Market

    3. 4.3 Market Restraints

      1. 4.3.1 Restrictions on Purchases of Number of Products

      2. 4.3.2 Customs Regulations and Taxation Policies

    4. 4.4 Market Opportunities

      1. 4.4.1 Increase in Number of Retail Chains will Create Opportunities in the Market

    5. 4.5 Value Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Insights on Technological Innovations in the Market

    8. 4.8 Impact of COVID-19 on the Market


    1. 5.1 By Product Type

      1. 5.1.1 Fashion and Accessories

      2. 5.1.2 Wine and Spirits

      3. 5.1.3 Tobacco

      4. 5.1.4 Food and Confectionary

      5. 5.1.5 Fragrances and Cosmetics

      6. 5.1.6 Other Product Types (Stationery, Electronics, Watches, Jewelry, etc.)

    2. 5.2 By Distribution Channel

      1. 5.2.1 Airports

      2. 5.2.2 Cruise Liners

      3. 5.2.3 Railway Stations

      4. 5.2.4 Other Distribution Channels


    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Dufry

      2. 6.2.2 Lotte

      3. 6.2.3 The Shilla

      4. 6.2.4 Flemingo Travel Retail

      5. 6.2.5 Delhi Duty Free

      6. 6.2.6 WH Smith India

      7. 6.2.7 Travel Food Services (TFS) India

      8. 6.2.8 Cochin Duty Free

      9. 6.2.9 Hyderabad Duty Free

      10. 6.2.10 HMY

      11. 6.2.11 Relay India*

    3. *List Not Exhaustive


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India Travel Retail Industry Segmentation

Travel retail is essentially shoppers' business while travel passengers are in transit. The India travel retail market forecast is segmented by product type distribution channel. By product type, the market is segmented into fashion and accessories, wine and spirits, tobacco, food and confectionery, fragrances and cosmetics, and other product types. By distribution channel, the market is segmented into airports, cruise liners, railway stations, and other distribution channels. The reports offer the market sizing and forecasts for the travel retail market in value (USD) for all the above segments.

By Product Type
Fashion and Accessories
Wine and Spirits
Food and Confectionary
Fragrances and Cosmetics
Other Product Types (Stationery, Electronics, Watches, Jewelry, etc.)
By Distribution Channel
Cruise Liners
Railway Stations
Other Distribution Channels
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India Travel Retail Market Research Faqs

The India Travel Retail Market size is expected to reach USD 2.03 billion in 2024 and grow at a CAGR of 21.59% to reach USD 5.40 billion by 2029.

In 2024, the India Travel Retail Market size is expected to reach USD 2.03 billion.

Dufry, Delhi Duty Free, Lotte, The Shilla and Flemingo Travel Retail are the major companies operating in the India Travel Retail Market.

In 2023, the India Travel Retail Market size was estimated at USD 1.59 billion. The report covers the India Travel Retail Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Travel Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Travel Retail Industry Report

Statistics for the 2024 India Travel Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Travel Retail analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Travel Retail Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)