Asia Pacific Duty-Free Retail Market: Trends, Growth Analysis, and Forecast (2024-2030)
The Asia Pacific Duty-Free Retail Market, valued at USD 46.41 billion in 2023, is projected to grow at a CAGR of 8.7% through 2030. The market's expansion is driven by rising international travel, increasing consumer demand for luxury goods, and favorable government regulations supporting duty-free shopping. With varying tax exemptions across jurisdictions, duty-free retailers play a crucial role in offering competitive pricing on premium products.