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The global Airport Premium Retail market is experiencing robust growth driven by rising international passenger traffic and increasing luxury spending. In 2022, the market was valued at USD 10.2 billion and is projected to reach USD 18.3 billion by 2030, reflecting a CAGR of 7.6% from 2023–2030. Europe led with a 35% market share in 2022, followed by Asia-Pacific at 28%, reflecting high passenger footfall and premium brand adoption. Historical Market Performance (2013–2022) From 2013 to 2022, the Airport Premium Retail market grew from USD 4.5 billion to USD 10.2 billion, registering a CAGR of 9.2%. Year-over-year revenue growth was 8.5% in 2015, 9.1% in 2016, 10.3% in 2018, and 7.8% in 2021. In 2019, market value reached USD 9.1 billion, reflecting an 8.7% annual increase. These trends underscore consistent demand for luxury and duty-free products among international travelers. Regional Market Breakdown In 2022, Europe generated USD 3.57 billion, Asia-Pacific USD 2. ... Continue reading →
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