Airport Duty-free Liquor Market Growth Information Analysis Report 2028

Airport Duty-free Liquor Market Growth & Trends

The global airport duty-free liquor market size is expected to reach USD 12.26 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.4% from 2022 to 2028. The growing air travel across developed and developing nations is anticipated to propel the market growth over the forecast period. Duty-free shoppers are growing across the Asia Pacific owing to the ease of purchase with the help of digital platforms. Additionally, the rising number of passengers, changing lifestyle of individuals, and the advancement of tourism are affecting the growth of the travel and tourism sectors, subsequently leading to the growth of the market. A constant increase in air traffic and growth of the tourism sector are the prime factors nurturing the market demand.

U.S. airport duty-free liquor market size, by type, 2019 – 2028 (USD Million)

Airport Duty-free Liquor Market Segmentation

Grand View Research has segmented the global airport duty-free liquor market on the basis of type and region:

Based on the Type Insights, the market is segmented into Whiskey and Others.

  • The others type segment dominated the market and captured a revenue share of over 85.0% in 2021. The others type segment consists of wines, beers, gin, vodka, and cognac. The significant adoption of California common beer contributed to the market share. The rising demand for Belgian-style Flanders to provide B-group vitamins further enhanced the sales of the beer. The sale of cognac in developing countries is on the rise as people prefer grape wines owing to their better taste. This segment is also expected to witness lucrative growth in the coming years owing to the expanding customer base.
  • The whiskey segment is expected to expand at the highest CAGR of 10.5% from 2022 to 2028. This can be credited to the rising demand for premium whiskey in developed economies of Europe. Premium whiskey is gaining popularity in the U.S. to fulfill the demand for flavored alcoholic beverages. Additionally, the demand for whiskey is expected to boom over the forecast period as whiskey is premium and known for its superior quality.

Airport Duty-free Liquors Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Market Share Insights

  • May 2020: Pernod Ricard and the United Nations announced their partnership with the EducateAll platform to provide free sustainable and responsible bartending training online.

Key Companies Profile & Market Share Insights

Key players are increasingly investing in R&D for the production of non-alcoholic beverages for the consumers who prefer non-alcoholic beverages. Moreover, liquor manufacturers are focusing on the expansion and launches of recent developments.

Some of the prominent players operating in the global airport duty-free liquors market include,

  • Heineken
  • Diageo
  • Pernod Ricard
  • Constellation Brands, Inc.
  • Brown-Forman
  • REMY COINTREAU
  • Erdington
  • Glen Moray
  • Accolade Wines
  • Bacardi

Order a free sample PDF of the Airport Duty-free Liquors Market Intelligence Study, published by Grand View Research.

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