The duty-Free Retail Market was valued at USD 50.74 billion in 2023. Global Duty-Free Retail Market size is estimated to grow at a CAGR of 9.1 % over the forecast period.

Duty-free retailing is the practice of making purchases at stores with no sales tax at airports, ferries, and cruise ports. To avoid paying taxes at foreign borders, visitors and tourists frequently shop at duty-free retail stores.