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Duty-Free Liquor Market leading, countries, companies And Forecast 2027

Duty-Free liquor Market size was valued at US$ 8.56 Bn in 2021 and the total revenue is expected to grow at 10.80% through 2022 to 2027, reaching nearly US$ 15.84 Bn.

Duty-Free liquor Market Overview:

The study "Duty-Free liquor Market" aims to give cutting-edge market knowledge and assist decision-makers in making informed investment decisions. It also provides a detailed analysis of the global Duty-Free liquor Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.

Market Scope:

The study focuses on the report's growth possibilities, restrictions, and market analysis. The study uses Porter's five forces analysis of the Duty-Free liquor industry to evaluate the influence of different factors such as supplier bargaining power, competitors, and competitive intensity

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Segmentation:

Duty-free alcohol refers to liquor that is relieved from paying federal taxes and duties, as well as local taxes. Duty-free alcohol is sold to travellers heading to different countries. These stores or retail outlets can be found at various places like airport, railway station, cruise liner, frontier, downtown, and hotel town. Citizens often buy liquor from duty-free shops before returning to their home country to invest in foreign currency surplus. Duty-free shops have become the favourite destination for travellers who enjoy their shopping before their journey begins.

Key Players:

• Brown Forman
• Erdington
• Bacardi
• Heineken
• Glen Moray
• Accolade Wines
• Constellation Brand Inc.
• Remy Cointreau
• Pernod
• Richard
• Diageo
• The Famous Grouse

The research offers a competitive landscape based on a thorough examination of the important strategic advancements implemented by the top market participants in the Duty-Free liquor sector throughout time. The main players in the worldwide Duty-Free liquor market are as follows:

Regional Analysis:

The report has assessed the global Duty-Free liquor market in the following regions:

America, North (the United States, Canada)
European Union (Germany, France, United Kingdom, Russia)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Duty-Free liquor market, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas.

COVID-19 Impact Analysis on Duty-Free liquor Market:

The worldwide effects of the coronavirus outbreak are already being seen and will have a considerable influence on the Duty-Free liquor market. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; a state of emergency declared in over thirty countries; a massive slowdown of the supply chain; stock market; falling businesses, growing panic among the people, and uncertainty about the future.

Key Questions Answered in the Duty-Free liquor Market Report are:

How is the competitive scenario of the Duty-Free liquor market?
Which are the key factors affecting the Duty-Free liquor market growth?
Which region holds the maximum share in the Duty-Free liquor market?
What will be the CAGR of the Duty-Free liquor market during the forecast period (2021-2027)?