Dublin, Aug. 09, 2021 (GLOBE NEWSWIRE) — The “Airport Duty-free Liquor Market by Type: Global Opportunity Analysis and Industry Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The global airport duty-free liquor market size was valued at $8.9 billion in 2019, and is expected to grow at a CAGR of 22.22% to reach $10.4 billion by 2027.
Airport duty-free liquor refers to the liquor available at airport and is exempted from payment of national taxes, duties, and other certain local taxes. The airport duty-free liquor is purchased by the travelers, travelling from one country to another through flight. The rules and regulations on airport duty-free liquor differ from one country to another. Singapore has strict government rules on the purchase of duty-free liquor whereas India allows the passenger to purchase two to three liters of alcohol from airport duty-free shops.
The growth of the global airport…