The global airport duty-free liquor market size is expected to reach USD 12.26 billion by 2028. It is expected to expand at a CAGR of 10.4% from 2022 to 2028.
The key players in the market are collaborating and launching premium alcoholic beverages to meet the desired targets of the consumers at the airport. At present, key players are focusing to adopt canned packaging techniques to accomplish the demand for ambient alcoholic beverages at the airport. For instance, Asahi introduced the new aluminum package, which is the barreled shape package named “Mini-Daru“ beer.
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Airport Duty-free Liquor Market Size, Share & Trends Analysis Report – Forecasts, 2022-2028
During the financial year 2020-2021, the coronavirus disease affected the market to a larger extent across the globe. The market for airport duty-free liquor was negatively impacted due to the shutdown of the airports owing to the travel restrictions by the government during the pandemic.
The others type segment held the largest revenue share of above 85.0% in 2021. The new fancies and change in taste among customers and a rise in demand for the exotic and new variety of wines, such as tropical fruit wines, are anticipated to propel the growth of the others segment.
The Asia Pacific dominated the market with a revenue share of more than 45.0% in 2021. The majority of passengers from developing countries spend on liquor as it is available at very economical rates. Rising disposable income and improvement in economic conditions in developing countries are also important factors for the growth of this market.
Companies Mentioned:
-Heineken
– Diageo
– Pernod Ricard
– Constellation Brands, Inc.
– Brown-Forman
– REMY COINTREAU
– Erdington
– Glen Moray
– Accolade Wines
– Bacardi
