Korea Duty Free Market Analysis Report 2023-2029: Top Five Players Dominate with Almost 90% Market Share - ResearchAndMarkets.com
Korea duty free market value in 2023 stood at US$ 18.43 billion, and is likely to reach US$ 26.13 billion by 2029.
- Korea duty free market value in 2023 stood at US$ 18.43 billion, and is likely to reach US$ 26.13 billion by 2029.
- The Korea duty free market value is projected to grow at a CAGR of 5.21%, during the forecast period of 2024-2029.
- Korea duty free market is a competitive and concentrated industry with the top five players controlling almost 90% of the overall market.
- One of the prominent factors driving the rise in Korea duty free market demand include increase in international travel and tourism.