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Duty-Free Shops in the US Industry Data and Analysis
Duty-free shops generate the bulk of revenue through alcohol, tobacco, fragrance and luxury goods sales. Despite considerable macroeconomic volatility, these retailers have performed well as they offer quality goods at discounted rates. Customers can buy products at duty-free shops without paying tax, making these stores popular with international travelers. Customers are more likely to stock up when visiting a duty-free shop, boosting the average transaction size. The industry's performance has also been aided by an uptick in per capita expenditure on alcohol and per capita disposable income. Revenue for duty-free shops is expected to swell at a CAGR of 13.9% to $2.8 billion through the end of 2025. However, the magnitude of revenue growth is a result of the massive drop in sales in 2020, causing revenue to begin the period at a historically low value. In fact, sales more than doubled in 2021. In 2025 alone, revenue is expected to inch upward at 0.7%.
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What's included in this industry analysis
IBISWorld's research coverage on the Duty-Free Shops industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Duty-Free Shops industry in the United States operates under the NAICS industry code OD6289. Operators in this industry retail packaged alcoholic beverages, such as beer, wine and liquor, among other taxable imports such as tobacco. Duty-free shops are often located in airports. Related terms covered in the Duty-Free Shops industry in the United States include .
What's included in this industry?
Products and services covered in Duty-Free Shops industry in the United States include Wine, spirits and food, Perfumes and cosmetics and Tobacco and related products.
What companies are included in this industry?
The Duty-Free Shops industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Duty-Free Shops industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Duty-Free Shops industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Duty-Free Shops industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Duty-Free Shops industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Duty-Free Shops industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Duty-Free Shops industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Duty-Free Shops industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Duty-Free Shops industry in the United States.
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Frequently Asked Questions
What is the market size of the Duty-Free Shops industry in the United States in 2026?
The market size of the Duty-Free Shops industry in the United States is $2.8bn in 2026.
How many businesses are there in the Duty-Free Shops industry in the United States in 2025?
There are 7 businesses in the Duty-Free Shops industry in the United States, which has declined at a CAGR of 0.0 % between 2020 and 2025.
Has the Duty-Free Shops industry in the United States grown or declined over the past 5 years?
The market size of the Duty-Free Shops industry in the United States has been growing at a CAGR of 13.9 % between 2020 and 2025.
What is the forecast growth of the Duty-Free Shops industry in the United States over the next 5 years?
Over the next five years, the Duty-Free Shops industry in the United States is expected to grow.
What does the Duty-Free Shops industry in the United States include?
Retailing alcohol and Retailing tobacco and tobacco products are part of the Duty-Free Shops industry in the United States.
How competitive is the Duty-Free Shops industry in the United States?
The level of competition is moderate and steady in the Duty-Free Shops industry in the United States.
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