PORTLAND, Oregon, May 23, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Europe Travel Retail Market by Product (Perfume & Cosmetics; Wine & Spirit; Electronics; Luxury Goods; Food, Confectionery & Catering; Tobacco; and Others) and Channel (Airport; Cruise Liner; Railway Station; and Border, Downtown, & Hotel Shop): Opportunity Analysis and Industry Forecast, 2018–2025". Europe travel retail market accounted for $23.03 billion in 2017 and is projected to garner $39.60 billion by 2025, registering a CAGR of 7.2% from 2018 to 2025.

Improved consumer lifestyle toward apparels, luxury goods, premium fragrances, and cosmetics, increase in disposable income, and rapid growth in urbanization are the major drivers of the Europe travel retail market. However, increase in terrorism & crime rate and stringent government rules, especially for airport retailing hamper the market growth. On the contrary, rise in initiatives to develop the travel & tourism industry of the region is expected to create lucrative opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5262

Perfumes & cosmetics segment dominated the market

The perfumes & cosmetics segment held the lion's share in 2017, contributing nearly one-third of the total market, owing to rise in travel & tourism due to increase in disposable income, change in lifestyle among consumers, and rapid urbanization. However, the luxury goods segment is expected to manifest the fastest CAGR of 9.5% during the forecast period, early adoption of premium lifestyle and huge growth potential in the developing market. The report also includes an in-depth analysis of the other segments such as food, confectionery & catering, electronics, wine & spirits, luxury goods, tobacco, and others.

Border, down-town & hotel shops segment to register fastest CAGR by 2025

The border, downtown & hotel shops segment is projected to register the fastest CAGR of 7.6% during the forecast period, owing to its price advantages due to variations in tax and currency fluctuation and availability of a wide range of products for customers. However, the airports segment held the largest share, accounting for nearly three-fifths of the total market, owing to large number of captive consumers.  The report offers analysis of the other segments such as cruise liners and railway stations.

Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5262

U.K. held the largest share

The market across the U.K. held the largest share in 2017, contributing more than one-fourth of the market, owing to its stronger base of luxury products and presence of some of the biggest apparels and cosmetics brands. However, the market across Germany is expected to portray the fastest CAGR of 10.8% during the forecast period. The report includes analysis of the market across other regions such as France, Italy, Spain, and rest of Europe.

Key market players

Europe travel retail market report provides in-depth analysis of the major market players such as daa Plc., Autogrill S.p.A., Flemingo International Ltd., Dufry AG, Lagardère SCA, Gebr. Heinemann SE & Co. KG, RegStaer, LVMH Group, TRE³, and WH Smith PLC.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Global Travel Retail Market Expected to Reach $153.7 Billion by 2025

Adventure Tourism Market Expected to Reach $1,335,738 Million by 2023

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research