Opportunities Preloader

Please Wait.....

Report

India Travel Retail Market Forecast 2025-2032

Market Report I 2025-01-22 I 132 Pages I Inkwood Research

KEY FINDINGS
The India travel retail market is anticipated to reach $6.67 billion by 2032, growing at a CAGR of 19.80% during the forecast period 2025-2032.
MARKET INSIGHTS
The India travel retail market is witnessing substantial growth, fueled by a rise in both international and domestic tourism. According to the World Economic Forum's Travel and Tourism Development Index (TTDI) 2024, India ranks 39th out of 119 countries, highlighting the nation's increasing prominence in the global tourism sector. As international tourist arrivals (ITAs) continue to recover from the impact of the COVID-19 pandemic, India is poised to capitalize on this upward trend, particularly in the travel retail sector, as global tourism steadily rebounds.
According to the Public Information Bureau, India recorded 9.24 million foreign tourist arrivals (FTAs) in 2023, reflecting a 43.5% increase compared to 6.44 million in 2022. This growth is driving a rise in demand for travel retail products, especially at airports and transit hubs. The duty-free retail segment, which plays a key role in this market, is also benefiting from the surge in tourism. Duty-free shopping at airports provides travelers with the opportunity to purchase a wide range of international products, such as luxury goods, cosmetics, perfumes, and electronics, often at lower prices due to tax exemptions.
To further support the expansion of the travel retail market, the Indian government has allocated ?2,479 crore ($288.84 million) for the tourism sector in FY25. This funding aims to improve infrastructure and promote tourism-related initiatives. It focuses on enhancing the overall shopping experience for travelers, particularly in airports where duty-free shops are a significant part of the retail offering.
Domestic tourism also contributes significantly to the sector's growth. Government initiatives like Dekho Apna Desh, the Vibrant Village Programme, and SWADESH 2.0 are promoting local travel and driving increased foot traffic at retail outlets in airports and other transit hubs. Furthermore, the Regional Connectivity Scheme - Udaan, which improves air connectivity to smaller and regional destinations, creates additional opportunities for travel retail, including the duty-free segment.
SEGMENTATION ANALYSIS
The report on the India travel retail market includes segmentation analysis on the basis of product type and distribution channel.
Market by Product Type:
- Fashion and Accessories
- Jewelry and Watches
- Wine & Spirits
- Food & Confectionery
- Fragrances and Cosmetics
- Tobacco
- Other Product Types
Market by Distribution Channel:
- Airports
- Railway Stations
- Other Distribution Channels
Inkwood Research's report on the India travel retail market provides in-depth insights as well as the market's segmentation analysis. The detailed evaluation of the market includes PESTLE Analysis, Market Maturity Analysis, Market Concentration Analysis, Key Buying Criteria, and Competitive Landscape.
COMPETITIVE INSIGHTS
Some of the prominent players in the India travel retail Market are Gebr Heinemann SE & Co KG, Flemingo Travel Retail Limited, Avolta AG (Dufry), etc.
Flemingo Travel Retail Limited, established in 2007 and headquartered in Mumbai, Maharashtra, India, is a prominent operator in the travel retail and duty-free industry. The company offers an extensive range of products, including cruise and inflight retail, food and beverages, apparel, electronics, household items, personal care products, and gifts. Flemingo Travel Retail caters to a global customer base, providing these products to travelers at airports, cruise lines, and inflight platforms.

TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.6. MAJOR MARKET FINDINGS
2.6.1. DEMAND FOR PREMIUM AND EXCLUSIVE PRODUCTS
2.6.2. FAVOURABLE GOVERNMENT POLICIES LIKE DEKHO APNA DESH ARE PROMOTING TRAVEL AND TOURISM IN THE COUNTRY
2.6.3. INCREASED GLOBAL BRAND PARTNERSHIPS
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASE IN AIR TRAVEL AND TOURISM
3.1.2. EXPANDING AIRPORT INFRASTRUCTURE UNDER THE UDAN SCHEME
3.1.3. SURGE IN DISPOSABLE INCOME AND SPENDING ON PREMIUM GOODS
3.2. KEY RESTRAINTS
3.2.1. ESCALATING OPERATIONAL COSTS AT AIRPORTS AND TRANSIT HUBS ARE IMPACTING RETAIL PROFITABILITY
3.2.2. FLUCTUATION IN LOCAL TRAVEL PREFERENCES
3.2.3. SPACE CONSTRAINTS AT INDIAN AIRPORTS ARE LIMITING RETAIL EXPANSION OPPORTUNITIES
3.2.4. UNCERTAINTY FROM TRAVEL RESTRICTIONS AND LOCKDOWNS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. WIDESPREAD ADOPTION OF DIGITAL PAYMENT SOLUTIONS, LIKE UNIFIED PAYMENTS INTERFACE (UPI), IS ENHANCING TRAVEL RETAIL CONVENIENCE
4.1.2. ADOPTION OF INNOVATIVE RETAIL CONCEPTS LIKE POP-UP STORES AND KIOSKS TO ATTRACT YOUNG CUSTOMERS
4.1.3. TECHNOLOGICAL ADVANCEMENTS IN RETAIL OPERATIONS
4.2. PESTLE ANALYSIS
4.2.1. POLITICAL
4.2.2. ECONOMICAL
4.2.3. SOCIAL
4.2.4. TECHNOLOGICAL
4.2.5. LEGAL
4.2.6. ENVIRONMENTAL
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING FOR INDIA
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. KEY BUYING CRITERIA
4.7.1. BRAND REPUTATION & AUTHENTICITY
4.7.2. DIGITAL INTEGRATION
4.7.3. PRODUCT DIVERSITY
4.7.4. CONVENIENCE
4.7.5. PRICE COMPETITIVENESS
5. MARKET BY PRODUCT TYPE
5.1. FASHION AND ACCESSORIES
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. JEWELRY AND WATCHES
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. WINE & SPIRITS
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
5.4. FOOD & CONFECTIONERY
5.4.1. MARKET FORECAST FIGURE
5.4.2. SEGMENT ANALYSIS
5.5. FRAGRANCES AND COSMETICS
5.5.1. MARKET FORECAST FIGURE
5.5.2. SEGMENT ANALYSIS
5.6. TOBACCO
5.6.1. MARKET FORECAST FIGURE
5.6.2. SEGMENT ANALYSIS
5.7. OTHER PRODUCT TYPES
5.7.1. MARKET FORECAST FIGURE
5.7.2. SEGMENT ANALYSIS
6. MARKET BY DISTRIBUTION CHANNEL
6.1. AIRPORTS
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. RAILWAY STATIONS
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. OTHER DISTRIBUTION CHANNELS
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
7. COMPETITIVE LANDSCAPE
7.1. KEY STRATEGIC DEVELOPMENTS
7.1.1. MERGERS & ACQUISITIONS
7.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
7.1.3. PARTNERSHIPS & AGREEMENTS
7.1.4. BUSINESS EXPANSIONS & DIVESTITURES
7.2. COMPANY PROFILES
7.2.1. AER RIANTA INTERNATIONAL
7.2.1.1. COMPANY OVERVIEW
7.2.1.2. PRODUCTS
7.2.1.3. STRENGTHS & CHALLENGES
7.2.2. DELHI DUTY FREE SERVICES PRIVATE LIMITED
7.2.2.1. COMPANY OVERVIEW
7.2.2.2. PRODUCTS
7.2.2.3. STRENGTHS & CHALLENGES
7.2.3. OSPREE DUTY FREE (MUMBAI TRAVEL RETAIL PRIVATE LIMITED)
7.2.3.1. COMPANY OVERVIEW
7.2.3.2. PRODUCTS
7.2.3.3. STRENGTHS & CHALLENGES
7.2.4. GEBR HEINEMANN SE & CO KG
7.2.4.1. COMPANY OVERVIEW
7.2.4.2. PRODUCTS
7.2.4.3. STRENGTHS & CHALLENGES
7.2.5. FLEMINGO TRAVEL RETAIL LIMITED
7.2.5.1. COMPANY OVERVIEW
7.2.5.2. PRODUCTS
7.2.6. AVOLTA AG (DUFRY)
7.2.6.1. COMPANY OVERVIEW
7.2.6.2. PRODUCTS
7.2.6.3. STRENGTHS & CHALLENGES


LIST OF TABLES
TABLE 1: MARKET SNAPSHOT -TRAVEL RETAIL
TABLE 2: INDIA TRAVEL RETAIL MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2023 (IN $ BILLION)
TABLE 3: INDIA TRAVEL RETAIL MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2025-2032 (IN $ BILLION)
TABLE 4: INDIA TRAVEL RETAIL MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2023 (IN $ BILLION)
TABLE 5: INDIA TRAVEL RETAIL MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2025-2032 (IN $ BILLION)
TABLE 6: LIST OF MERGERS & ACQUISITIONS
TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 9: LIST OF BUSINESS EXPANSIONS & DIVESTITURES


LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: INDIA TRAVEL RETAIL MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2024
FIGURE 8: INDIA TRAVEL RETAIL MARKET, BY FASHION AND ACCESSORIES, 2025-2032 (IN $ BILLION)
FIGURE 9: INDIA TRAVEL RETAIL MARKET, BY JEWELRY AND WATCHES, 2025-2032 (IN $ BILLION)
FIGURE 10: INDIA TRAVEL RETAIL MARKET, BY WINE & SPIRITS, 2025-2032 (IN $ BILLION)
FIGURE 11: INDIA TRAVEL RETAIL MARKET, BY FOOD & CONFECTIONERY, 2025-2032 (IN $ BILLION)
FIGURE 12: INDIA TRAVEL RETAIL MARKET, BY FRAGRANCES AND COSMETICS, 2025-2032 (IN $ BILLION)
FIGURE 13: INDIA TRAVEL RETAIL MARKET, BY TOBACCO, 2025-2032 (IN $ BILLION)
FIGURE 14: INDIA TRAVEL RETAIL MARKET, BY OTHER PRODUCT TYPES, 2025-2032 (IN $ BILLION)
FIGURE 15: INDIA TRAVEL RETAIL MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2024
FIGURE 16: INDIA TRAVEL RETAIL MARKET, BY AIRPORTS, 2025-2032 (IN $ BILLION)
FIGURE 17: INDIA TRAVEL RETAIL MARKET, BY RAILWAY STATIONS, 2025-2032 (IN $ BILLION)
FIGURE 18: INDIA TRAVEL RETAIL MARKET, BY OTHER DISTRIBUTION CHANNELS, 2025-2032 (IN $ BILLION)

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE