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Airport Retailing Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast

In 2022, the global airport retailing market was valued at USD 26.83 billion and is anticipated to experience remarkable growth. By 2033, the market is expected to surpass a significant milestone, reaching over USD 90.23 billion. This substantial growth trajectory represents a significant leap from its projected valuation of USD 29.84 billion in 2023. Throughout this period, the market is forecasted to demonstrate a Compound Annual Growth Rate (CAGR) of 11.7%.
In today’s airports, airport commerce has grown indispensable. It offers a vast array of products and services. Its main objective is to make travel more enjoyable and convenient. It also functions as an effective marketing tool for companies. It makes a substantial financial contribution to airports, particularly those that host low-cost airlines.
The number of people using airports has significantly increased as a result of the increase in air travel worldwide. Airport merchants benefit greatly from this large increase in passenger volume. As a result, it creates more prospects for revenue generation and sales.
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Key Trends And Highlights of Airport Retailing Market
Surge in Air Passenger Traffic: The steady increase in global air travel has significantly contributed to the growth of the airport retailing market. As more individuals opt for air travel for both business and leisure purposes, the footfall in airports has surged, leading to higher sales in retail outlets located within airport premises.
Growing Inclination Toward Unique Experiences: Modern travelers are increasingly seeking unique and exotic holiday experiences. This trend has led them to explore diverse destinations, thereby increasing the demand for products and services offered at airport retail outlets, which often showcase local specialties and exclusive items.
Rising Disposable Incomes: With rising incomes and improved spending capacity among the middle and upper classes worldwide, travelers are more willing to indulge in shopping experiences during their airport layovers or upon arrival. This increased purchasing power has directly contributed to the expansion of the airport retailing market.
Evolving Consumer Preferences: Consumers today are more discerning and value experiences that align with their personal preferences and lifestyles. Airport retail outlets have responded by diversifying their product offerings to cater to a wide range of consumer preferences, from luxury brands to locally sourced products and unique souvenirs.
Escalating Demand for High-End Products: There is a growing demand from consumers for high-end and extravagant products, including luxury fashion items, premium electronics, and duty-free goods. Airport retail outlets capitalize on this demand by offering an array of upscale products, attracting affluent travelers and driving sales growth.
Ongoing Development of Airport Infrastructure: Continuous investments in airport infrastructure and amenities have enhanced the overall passenger experience, including shopping facilities. Renovations and expansions of terminal buildings often include the addition of new retail spaces, contributing to the expansion of the airport retailing market.
Key Takeaways from the Airport Retailing Market:
The airport retailing industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of % through 2033.
The United States held a 28.4% share of the global airport retailing industry in 2022.
With a CAGR of 15.8% over the forecast period, India is predicted to develop rapidly in the airport retailing industry.
In 2022, Japan had a 5.3% share of the airport retailing industry globally
The airport retailing industry in China is expected to increase, registering a CAGR of 13.5% over the forecast period.
Germany accounted for 5.6% of the global airport retailing industry in 2022.

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Pet Treats and Chews Market Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2033

The pet treats and chews market is projected to reach USD 9 billion in 2023, with forecasts indicating it will grow to USD 15 billion by 2033. Over this period, the adoption of pet treats and chews is expected to advance at a compound annual growth rate (CAGR) of 5.2%. As the demand for organic and natural products rises, there is a significant opportunity for manufacturers to innovate pet treats and chews using high-quality, responsibly sourced ingredients. Offering options that are free from artificial additives and preservatives can appeal to health-conscious pet owners.
The rise of e-commerce and direct-to-consumer sales presents opportunities for pet treat manufacturers to reach a wider customer base. Investing in online platforms and establishing direct relationships with pet owners can bypass traditional distribution channels and create new revenue streams. Pet owners seek unique experiences for their furry companions. Offering customizable or personalized pet treats and chews, such as shape variations or tailored flavors can attract consumers looking for a special touch for their pets.
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Key Takeaways from the Pet Treats and Chews Market:
According to FMI, the United States is projected to have a 27% market share in the pet treats and chews market in North America.
The sales of pet treats and chews in Germany are expected to experience a 3.3% CAGR during the forecast period.
The pet dental chews segment is predicted to hold 29% of the total market share throughout the forecast period.
The dog treats and chews segment dominates the overall pet treats and chews market.
Modern trade, including hypermarkets and supermarkets, has been the preferred sales channel, accounting for a 23% share of total sales.
According to FMI, the United States is projected to account for 27% of the pet treats and chews market in North America. The ongoing trend of veganism in the country has resulted in increased sales of plant-based treats and chews.
Pet owners are increasingly seeking treats that offer additional health benefits, such as dental care, joint support, or stress relief. Developing functional treats that address specific pet health concerns can open up new market segments. As pet owners explore alternative diets for their pets, there is an opportunity to develop treats and chews using novel protein sources like insect-based proteins or plant-based proteins. Catering to pets with specific dietary needs or those following alternative diets can be a niche market segment.
Key Players in the Market:
Mars Pet, Inc
Nestlé Purina PetCare
The J.M. Smucker Co.
Hill’s Pet Nutrition, Inc.
General Mills, Inc.
Diamond Pet Foods
Mammoth Pet
Fluff and Tuff Inc.