Short Description
Asia-Pacific Travel Beauty Retail Market, By Product (Skin Care, Fragrances, Make-up, Hair Care, and Others), Distribution Channel (Airports, Airlines, Ferries, and Other Channels), Country (Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific), Industry Trends and Forecast to 2029
Market Definition
Travel retail, also called duty-free, is a sales procedure comprising the commercialization of the goods relating to the various product categories. This sales channel comprises the goods that have not had the taxation and excise applied on their sale price and for sales to travelers. Travel retail is a retailing channel, providing products to international travelers. It is an important source of income and has several marketing prospects.
Market Segmentation
The Asia-Pacific travel beauty retail market is segmented into two notable segments based on product, and distribution channel.
On the basis of product, the Asia-Pacific travel beauty retail market is segmented into skin care, fragrances, make-up, hair care, and others
On the basis of by distribution channel, the Asia-Pacific travel beauty retail market is segmented into airports, airlines, ferries, and other channels
Market Players
Some of the key market players in the Asia-Pacific travel beauty retail market are listed below:
LOTTE DUTY FREE
KING POWER International
Duty Free Americas, Inc
Aer Rianta International
China Duty Free Group Co.,Ltd.
DELHI DUTY FREE
THE SHILLA duty free
Lagardre Travel Retail
DFS Group Ltd
Gebr. Heinemann SE & Co. KG
Sky Connection Limited
DUFRY
Shiseido Company, Limited
TABLE OF CONTENTS
1 INTRODUCTION 25
1.1 OBJECTIVES OF THE STUDY 25
1.2 MARKET DEFINITION 25
1.3 OVERVIEW OF ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET 25
1.4 LIMITATIONS 27
1.5 MARKETS COVERED 27
2 MARKET SEGMENTATION 31
2.1 MARKETS COVERED 31
2.2 GEOGRAPHICAL SCOPE 32
2.3 YEARS CONSIDERED FOR THE STUDY 33
2.4 CURRENCY AND PRICING 33
2.5 DBMR TRIPOD DATA VALIDATION MODEL 33
2.6 PRODUCT LIFE LINE CURVE 37
2.7 MULTIVARIATE MODELING 38
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 39
2.9 DBMR MARKET POSITION GRID 40
2.10 DBMR MARKET CHALLENGE MATRIX 41
2.11 DBMR VENDOR SHARE ANALYSIS 42
2.12 IMPORT-EXPORT DATA 43
2.13 SECONDARY SOURCES 44
2.14 ASSUMPTIONS 44
3 EXECUTIVE SUMMARY 45
4 PREMIUM INSIGHTS 48
4.1 TRAVEL RETAIL STRATEGIES 49
4.1.1 DIGITAL TRANSFORMATION 49
4.1.2 VIRTUAL REALITY 49
4.1.3 CONTACTLESS PAYMENT OPTIONS 49
4.1.4 SUPER APPS 49
4.2 PESTLE ANALYSIS 50
4.2.1 POLITICAL FACTORS: 50
4.2.2 ECONOMIC FACTORS: 50
4.2.3 SOCIAL FACTORS: 50
4.2.4 TECHNOLOGICAL FACTORS: 50
4.2.5 LEGAL FACTORS: 50
4.2.6 ENVIRONMENTAL FACTORS: 50
4.3 PORTER'S FIVE FORCES: 51
4.3.1 THE THREAT OF NEW ENTRANTS: 51
4.3.2 THE THREAT OF SUBSTITUTES: 51
4.3.3 CUSTOMER BARGAINING POWER: 52
4.3.4 SUPPLIER BARGAINING POWER: 52
4.3.5 INTERNAL COMPETITION (RIVALRY): 52
4.4 CONSUMER BEHAVIOUR PATTERN 53
4.4.1 COMPLEX BUYING BEHAVIOR 53
4.4.2 VARIETY-SEEKING BUYING BEHAVIOR 53
4.4.3 DISSONANCE-REDUCING BUYING BEHAVIOR 54
4.4.4 HABITUAL BUYING BEHAVIOR 54
4.5 STRATEGIES ADOPTED BY MANUFACTURERS: 54
4.5.1 PARTNERSHIPS 54
4.5.2 FOCUS ON IMPULSIVE BUYING 54
4.6 IMPORTANT FACTORS THAT INFLUENCE THE BUYING DECISION 55
4.6.1 ECONOMIC FACTOR 55
4.6.2 FUNCTIONAL FACTOR 55
4.6.3 MARKETING MIX FACTORS 55
4.6.4 PERSONAL FACTORS 55
4.6.5 PSYCHOLOGICAL FACTOR 55
4.6.6 SOCIAL FACTORS 55
4.6.7 CULTURAL FACTORS 55
5 REGIONAL SUMMARY 56
5.1 ASIA PACIFIC 56
5.2 ASIA-PACIFIC 56
5.3 EUROPE 56
5.4 NORTH AMERICA 57
5.5 MIDDLE EAST AND AFRICA 57
5.6 SOUTH AMERICA 57
6 MARKET OVERVIEW 58
6.1 DRIVERS 60
6.1.1 RISING POPULARITY OF TRAVEL AND TOURISM 60
6.1.2 INCREASING NUMBER OF MILLENNIAL POPULATION 60
6.1.3 SHIFTING CONSUMER PREFERENCE TOWARD LUXURY AND PREMIUM BEAUTY PRODUCTS 61
6.1.4 GROWING NUMBER OF RETAIL STORES OFFERING DUTY-FREE PRODUCTS 61
6.2 RESTRAINTS 62
6.2.1 STRINGENT GOVERNMENT GUIDELINES TOWARDS AIRPORT RETAILING 62
6.2.2 LACK OF PROMOTIONAL CAMPAIGNS 62
6.2.3 CHAOS IN LOCAL MARKET 63
6.3 OPPORTUNITIES 63
6.3.1 INCREASING COLLABORATIVE PARTNERSHIP BETWEEN LUXURIOUS AND PREMIUM BRANDS 63
6.3.2 RISING INTERNATIONAL TOURISM 63
6.3.3 GROWING USAGES OF NATURAL INGREDIENT BASED BEAUTY PRODUCTS 64
6.4 CHALLENGES 65
6.4.1 STRINGENT GOVERNMENT POLICIES FOR SETTING UP AN OUTLET AT TRAVEL TERMINALS 65
6.4.2 LACK OF AWARENESS REGARDING TRAVEL RETAIL 65
7 IMPACT OF COVID-19 ON THE ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET 66
7.1 INTRODUCTION 66
7.2 AFTERMATH OF COVID-19 AND THE GOVERNMENT INITIATIVE TO BOOST THE MARKET 66
7.3 STRATEGIC DECISIONS OF MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 66
7.4 IMPACT ON PRICE 67
7.5 IMPACT ON DEMAND 67
7.6 IMPACT ON SUPPLY CHAIN 67
7.7 CONCLUSION 67
8 ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET, BY PRODUCT 68
8.1 OVERVIEW 69
8.2 SKIN CARE 70
8.2.1 MASKS 71
8.2.2 CLEANSING CREAM 71
8.2.3 MOISTURIZERS 71
8.2.4 SUNSCREENS 71
8.2.5 TONER 71
8.2.6 FACIAL REMOVER 71
8.2.7 DAY CREAM 72
8.2.8 NIGHT SERUM 72
8.2.9 BODY LOTIONS 72
8.2.10 BODY WASH 72
8.2.11 HAND & FOOT CREAMS 72
8.2.12 OTHERS 72
8.3 PERFUMES 72
8.4 MAKE UP 73
8.4.1 FOUNDATION 74
8.4.2 EYE SHADOWS 74
8.4.3 MASCARA 74
8.4.4 BRONZER 74
8.4.5 BLUSH 74
8.4.6 OTHERS 74
8.5 HAIR CARE 74
8.5.1 SHAMPOO 75
8.5.2 CONDITIONERS 75
8.5.3 HAIR COLOR 75
8.5.3.1 HAIR COLOR, BY TYPE 76
8.5.3.1.1 HAIR DYES & COLORS 76
8.5.3.1.2 HAIR TINTS 76
8.5.3.1.3 HAIR BLEACHES 76
8.5.3.1.4 OTHERS 76
8.5.3.2 HAIR COLOR, BY HAIR TYPE 76
8.5.3.2.1 NORMAL 77
8.5.3.2.2 DRY 77
8.5.3.2.3 OILY 77
8.5.3.2.4 OTHERS 77
8.5.4 SERUM 77
8.5.5 SPRAYS 77
8.5.6 OIL 77
8.5.7 OTHERS 77
8.6 OTHERS 78
9 ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET, BY DISTRIBUTION CHANNEL 79
9.1 OVERVIEW 80
9.2 AIRPORTS 81
9.3 AIRLINES 82
9.4 FERRIES 82
9.5 OTHER CHANNELS 83
10 ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET, BY REGION 84
10.1 ASIA-PACIFIC 85
10.1.1 CHINA 92
10.1.2 SOUTH KOREA 95
10.1.3 JAPAN 98
10.1.4 INDIA 101
10.1.5 SINGAPORE 104
10.1.6 THAILAND 107
10.1.7 INDONESIA 110
10.1.8 AUSTRALIA & NEW ZEALAND 113
10.1.9 PHILIPPINES 116
10.1.10 MALAYSIA 119
10.1.11 REST OF ASIA PACIFIC 122
11 ASIA PACIFIC TRAVEL BEAUTY RETAIL MARKET: COMPANY LANDSCAPE 123
11.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 123
11.2 MERGERS & ACQUISITIONS 124
11.3 EXPANSION 125
12 SWOT ANALYSIS 126
13 COMPANY PROFILE 127
13.1 DUFRY 127
13.1.1 COMPANY SNAPSHOT 127
13.1.2 REVENUE ANALYSIS 128
13.1.3 COMPANY SHARE ANALYSIS 128
13.1.4 PRODUCT PORTFOLIO 129
13.1.5 RECENT UPDATE 129
13.2 LOTTE DUTY FREE 130
13.2.1 COMPANY SNAPSHOT 130
13.2.2 COMPANY SHARE ANALYSIS 130
13.2.3 PRODUCT PORTFOLIO 131
13.2.4 RECENT UPDATE 131
13.3 THE SHILLA DUTY FREE 132
13.3.1 COMPANY SNAPSHOT 132
13.3.2 COMPANY SHARE ANALYSIS 132
13.3.3 PRODUCT PORTFOLIO 133
13.3.4 RECENT UPDATE 133
13.4 CHINA DUTY FREE GROUP CO LTD 134
13.4.1 COMPANY SNAPSHOT 134
13.4.2 COMPANY SHARE ANALYSIS 134
13.4.3 PRODUCT PORTFOLIO 135
13.4.4 RECENT UPDATE 135
13.5 LAGARDERE TRAVEL RETAIL 136
13.5.1 COMPANY SNAPSHOT 136
13.5.2 COMPANY SHARE ANALYSIS 136
13.5.3 PRODUCT PORTFOLIO 137
13.5.4 RECENT UPDATE 137
13.6 DFS GROUP LTD 138
13.6.1 PRODUCT PORTFOLIO 138
13.6.2 PRODUCT PORTFOLIO 138
13.6.3 RECENT UPDATE 138
13.7 GEBR HEINEMANN SE&CO.KG 139
13.7.1 RECENT UPDATE 139
13.7.2 PRODUCT PORTFOLIO 139
13.7.3 RECENT UPDATE 140
13.8 SHISEIDO COMPANY LIMITED 141
13.8.1 COMPANY SNAPSHOT 141
13.8.2 PRODUCT PORTFOLIO 141
13.8.3 RECENT UPDATE 142
13.9 KING POWER INTERNATIONAL 143
13.9.1 COMPANY SNAPSHOT 143
13.9.2 PRODUCT PORTFOLIO 143
13.9.3 RECENT UPDATE 143
13.10 DUBAIDUTYFREE 144
13.10.1 COMPANY SNAPSHOT 144
13.10.2 PRODUCT PORTFOLIO 144
13.10.3 RECENT UPDATE 144
13.11 DUTY FREE AMERICAS,INC 145
13.11.1 PRODUCT PORTFOLIO 145
13.11.2 PRODUCT PORTFOLIO 145
13.11.3 RECENT UPDATE 146
13.12 AER RAINTA INTERNATIONAL 147
13.12.1 PRODUCT PORTFOLIO 147
13.12.2 PRODUCT PORTFOLIO 147
13.12.3 RECENT UPDATE 147
13.13 DELHI DUTY FREE 148
13.13.1 PRODUCT PORTFOLIO 148
13.13.2 PRODUCT PORTFOLIO 148
13.13.3 RECENT UPDATE 149
13.14 SKY CONNECTION LIMITED 150
13.14.1 COMPANY SNAPSHOT 150
13.14.2 PRODUCT PORTFOLIO 150
13.14.3 RECENT UPDATE 150
14 QUESTIONNAIRE 151
15 RELATED REPORT 154