5 Biggest Duty Free Companies in the World

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1. China Duty-Free Group

Annual revenue: €9.4 billion

China Duty-Free Group is a leading travel retailer and the only state-owned company allowed to run duty-free shops across China. In 2021, China Duty-Free Group held 77.8% of the Chinese market and 24.6% of the worldwide travel retail market. It has partnered with over 1000 brands that provide duty-free products to their customers spanning over 30 categories in over 200 duty-free stores across 30 provinces in China. The total sales of the company in 2021 stood at €9.4 billion.

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