Middle East and Africa travel beauty retail market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing at a CAGR of 6.1% in the forecast period of 2022 to 2029 and is expected to reach USD 4,121,423.74 thousand by 2029. The growing number of retail stores offering duty-free products is expected to drive market growth.
Key Pointers Covered in Middle East and Africa Travel Beauty Retail Market Industry Trends and Forecast to 2029
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Benefits of Considering this Report
- This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
- A complete picture of the competitive scenario of Middle East and Africa Travel Beauty Retail Market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
Middle East and Africa Travel Beauty Retail Market Scope and Market Size
Middle-East travel beauty retail market is segmented into two notable segments, based on product, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Middle East and Africa travel beauty retail market is segmented into skin care, hair care, fragrances, make-up, and others. In 2022, the skin care segment is projected to dominate the region, as general skin care products possess less chemical content, increasing its demand.
- On the basis of distribution channel, the Middle East and Africa travel beauty retail market is segmented into airports, airlines, ferries, and other channels. In 2022, the airports segment is projected to dominate the region, as airports in the Middle East act as a hub for many connecting flights, increasing its demand in the region.
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Some of the key questions answered in this report:
- What are the global trends in the Middle East and Africa Travel Beauty Retail Market? Would the market witness an increase or decline in demand in the coming years?
- What is the estimated demand for different types of products in Middle East and Africa Travel Beauty Retail Market? What are the upcoming industry applications and trends for Middle East and Africa Travel Beauty Retail Market?
- How big is the opportunity for the Middle East and Africa Travel Beauty Retail Market? How will the increasing adoption of Middle East and Africa Travel Beauty Retail Market for mining impact the growth rate of the overall market?
- How much is the Middle East and Africa Travel Beauty Retail Market? What was the value of the market In 2029?
- Who are the major players operating in the Middle East and Africa Travel Beauty Retail Market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Middle East and Africa Travel Beauty Retail Market?
Market Analysis and Insights: Middle East and Africa Travel Beauty Retail Market
- 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.
- The rising popularity of travel and tourism and the increase in the millennial population are expected to drive the demand for the Middle East and Africa travel beauty retail market. However, stringent government guidelines towards airport retailing may further restrict the market's growth.
- Several boosters, such as increasing collaborative partnership among luxurious and premium brands, may create opportunities for the Middle East and Africa travel beauty retail market. However, a lack of awareness regarding travel retail is likely to challenge the market's growth during the forecast period.
Middle East and Africa Travel Beauty Retail Market Country Level Analysis
Some of the countries covered in the Middle East and Africa travel beauty retail market are South Africa, Saudi Arabia, United Arab Emirates, Israel, Kuwait, and the Rest of the Middle East and Africa. South Africa is expected to dominate the Middle East and Africa region due to various duty-free stores in the region. The United Arab Emirates is expected to dominate the market as it is a huge tourist destination.
Middle East and Africa Travel Beauty Retail Market Share Analysis
The Middle East and Africa travel beauty retail market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points are only related to the company's focus on the Middle East and Africa travel beauty retail market.
Key player in the Middle East and Africa Travel Beauty Retail Market
Some of the major market players operating in the Middle East and Africa travel beauty retail market are Duty Free Americas, Inc, Aer Rianta International, DFS Group Ltd, Gebr. Heinemann SE Co. KG, Dubai Duty Free, DUFRY, Lagardère Travel Retail, Shiseido Company, Limited, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Middle East and Africa Travel Beauty Retail Market Share by Product Procedure type
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