Can Rebounding Tourism Propel the Travel Retail Cosmetic Market at a 5.5% CAGR by 2034?

Intel Market Research, the global travel retail cosmetic market was valued at USD 17.09 billion in 2026 and is projected to reach USD 24.68 billion by 2034, growing at a CAGR of 5.5% during the forecast period. This growth trajectory reflects the sector's resilience post-pandemic and the rebounding global tourism industry, coupled with evolving consumer preferences for premium beauty products in travel retail environments.