Product Code: SR112024A17183
Japan travel retail market size reached USD 18.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 31.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6% during 2025-2033. The launch of policies by government bodies to promote international tourism, along with the inflating popularity of pre-ordering applications, is primarily driving the market growth.
Travel retail pertains to the transaction of goods and services for travelers while in transit. This commerce typically takes place in transit settings, like airports or harbors, where customers need to show evidence of nationality or journey to enter the shopping zone. The retail outlets also process payments that cover local taxes and duty charges. Additionally, travel retail can be found in hotels, border boats, international flights, ferries, cruises, and other sea vessels on international routes. Items frequently sold in travel retail encompass cosmetics and personal care items, fragrances, high-end spirits, tobacco, edibles and drinks, fashion add-ons, and electronic gadgets. Typically necessitates the buyer to stay abroad for a specified duration, and the retail outlets process payments that encompass both local and national taxes, as well as duty charges.
Japan Travel Retail Market Trends:
The surge in travel and tourism is a primary contributor to the regional market. Travel retail and duty-free outlets constitute a significant chunk of non-aeronautical income for airports, given the growing trend among shoppers to buy upscale and luxurious items during their journeys. In this context, an increasing preference for high-end wines and spirits among global travelers is further fueling the market expansion. Furthermore, the emergence of digital platforms for travel retail is bolstering the market's trajectory. Vendors are extensively showcasing their offerings on online sites and mobile apps, allowing patrons to reserve items ahead and effortlessly retrieve them upon reaching their destination. In addition to this, technological innovations, like the introduction of touchscreen and interactive retail terminals, are acting as significant growth-inducing factors. Moreover, these autonomous terminals foster passenger interaction, delivering streamlined product selection and payment processes. Other driving forces encompass rising consumer spending power and the introduction of supportive government strategies emphasizing international tourism, particularly in emerging economies, signaling a promising growth trajectory for the market.
Japan Travel Retail Market Segmentation:
Product Type Insights:
- Beauty and Personal Care
- Wine and Spirits
- Tobacco
- Food and Confectionary
- Fashion Accessories and Hard Luxury
- Others
Distribution Channel Insights:
- Airports
- Airlines
- Ferries
- Others
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key Questions Answered in This Report:
- How has the Japan travel retail market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Japan travel retail market?
- What is the breakup of the Japan travel retail market on the basis of product type?
- What is the breakup of the Japan travel retail market on the basis of distribution channel?
- What are the various stages in the value chain of the Japan travel retail market?
- What are the key driving factors and challenges in the Japan travel retail?
- What is the structure of the Japan travel retail market and who are the key players?
- What is the degree of competition in the Japan travel retail market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Japan Travel Retail Market - Introduction
- 4.1 Overview
- 4.2 Market Dynamics
- 4.3 Industry Trends
- 4.4 Competitive Intelligence
5 Japan Travel Retail Market Landscape
- 5.1 Historical and Current Market Trends (2019-2024)
- 5.2 Market Forecast (2025-2033)
6 Japan Travel Retail Market - Breakup by Product Type
- 6.1 Beauty and Personal Care
- 6.1.1 Overview
- 6.1.2 Historical and Current Market Trends (2019-2024)
- 6.1.3 Market Forecast (2025-2033)
- 6.2 Wine and Spirits
- 6.2.1 Overview
- 6.2.2 Historical and Current Market Trends (2019-2024)
- 6.2.3 Market Forecast (2025-2033)
- 6.3 Tobacco
- 6.3.1 Overview
- 6.3.2 Historical and Current Market Trends (2019-2024)
- 6.3.3 Market Forecast (2025-2033)
- 6.4 Food and Confectionary
- 6.4.1 Overview
- 6.4.2 Historical and Current Market Trends (2019-2024)
- 6.4.3 Market Forecast (2025-2033)
- 6.5 Fashion Accessories and Hard Luxury
- 6.5.1 Overview
- 6.5.2 Historical and Current Market Trends (2019-2024)
- 6.5.3 Market Forecast (2025-2033)
- 6.6 Others
- 6.6.1 Historical and Current Market Trends (2019-2024)
- 6.6.2 Market Forecast (2025-2033)
7 Japan Travel Retail Market - Breakup by Distribution Channel
- 7.1 Airports
- 7.1.1 Overview
- 7.1.2 Historical and Current Market Trends (2019-2024)
- 7.1.3 Market Forecast (2025-2033)
- 7.2 Airlines
- 7.2.1 Overview
- 7.2.2 Historical and Current Market Trends (2019-2024)
- 7.2.3 Market Forecast (2025-2033)
- 7.3 Ferries
- 7.3.1 Overview
- 7.3.2 Historical and Current Market Trends (2019-2024)
- 7.3.3 Market Forecast (2025-2033)
- 7.4 Others
- 7.4.1 Historical and Current Market Trends (2019-2024)
- 7.4.2 Market Forecast (2025-2033)
8 Japan Travel Retail Market - Competitive Landscape
- 8.1 Overview
- 8.2 Market Structure
- 8.3 Market Player Positioning
- 8.4 Top Winning Strategies
- 8.5 Competitive Dashboard
- 8.6 Company Evaluation Quadrant
9 Profiles of Key Players
- 9.1 Company A
- 9.1.1 Business Overview
- 9.1.2 Product Portfolio
- 9.1.3 Business Strategies
- 9.1.4 SWOT Analysis
- 9.1.5 Major News and Events
- 9.2 Company B
- 9.2.1 Business Overview
- 9.2.2 Product Portfolio
- 9.2.3 Business Strategies
- 9.2.4 SWOT Analysis
- 9.2.5 Major News and Events
- 9.3 Company C
- 9.3.1 Business Overview
- 9.3.2 Product Portfolio
- 9.3.3 Business Strategies
- 9.3.4 SWOT Analysis
- 9.3.5 Major News and Events
- 9.4 Company D
- 9.4.1 Business Overview
- 9.4.2 Product Portfolio
- 9.4.3 Business Strategies
- 9.4.4 SWOT Analysis
- 9.4.5 Major News and Events
- 9.5 Company E
- 9.5.1 Business Overview
- 9.5.2 Product Portfolio
- 9.5.3 Business Strategies
- 9.5.4 SWOT Analysis
- 9.5.5 Major News and Events
10 Japan Travel Retail Market - Industry Analysis
- 10.1 Drivers, Restraints, and Opportunities
- 10.1.1 Overview
- 10.1.2 Drivers
- 10.1.3 Restraints
- 10.1.4 Opportunities
- 10.2 Porters Five Forces Analysis
- 10.2.1 Overview
- 10.2.2 Bargaining Power of Buyers
- 10.2.3 Bargaining Power of Suppliers
- 10.2.4 Degree of Competition
- 10.2.5 Threat of New Entrants
- 10.2.6 Threat of Substitutes
- 10.3 Value Chain Analysis
11 Appendix