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Explosion of the European Travel Retail Market: $39.60 billion expected in 2025

Explosion of the European Travel Retail Market: $39.60 billion expected in 2025

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According to the report published by the market research firm Allied Market Research (AMR) on November 12, 2020, the European travel retail market was worth $23.03 billion in 2017 and is expected to reach $39.60 billion by 2025, with a CAGR of 7.2% from 2018 to 2025.

 

According to this analysis, the travel retail industry already dominated the market in 2017, holding nearly three-fifths of the total market share. In the United Kingdom in particular, the travel retail sector alone contributed more than a quarter of the market.

 

This predominance of travel retail in Europe can be explained in various ways. On the one hand, the growth of the travel and tourism industry is helping to boost this sector. On the other hand, the positive rate of urbanization, as well as the increase in disposable income, are contributing favourably to the emergence of travel retail on the European market.

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