Global Travel Retail Market Set to Reach USD 132.1 Billion – Here’s Why
In 2022, the travel retail market size was estimated to be USD 55.1 billion. According to projections, the travel retail market technology will expand at a compound annual growth rate (CAGR) of 10.20% between 2023 and 2032, from USD 60.7 billion in 2023 to USD 132.1 billion. The main factors driving the market's growth include an increase in the number of middle-class people, more easily available travel options, and an increase in foreign tourists visiting developing Asian countries.
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