According to Renub Research China Travel Retail Market is set for explosive long-term expansion. According to Renub Research, the market will rise from USD 21.65 billion in 2024 to USD 116.40 billion by 2033, representing a powerful CAGR of 20.55% during 2025–2033. This robust trajectory reflects China’s rising disposable incomes, expanding middle class, rebound in outbound tourism, and a growing appetite for luxury and branded products. As Chinese consumers increasingly integrate travel with shopping, travel retail is becoming one of the most influential retail channels in the country’s consumption economy.
Market OverviewTravel retail—commonly known as duty-free or tax-free shopping—refers to retail sales at airports, seaports, rail hubs, and other international travel locations. China’s sizable base of international travelers an…