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Wine Bars in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wine Bars Market Research Report | Consumer Goods & Services | Food Service & Drinking Places | Dec 2013

Happy hour: Consumers' tastes are changing in favor of the industry, stimulating growth

IBISWorld’s Wine Bars market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$620m
Annual Growth 08-13
2.7%
Annual Growth 13-18
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Profit
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Employment
10,477
Businesses
1,078
Industry Analysis & Industry Trends

The Wine Bars industry has grown in line with the popularity of wine in the past few years, and people look for a venue to be exposed to a wide variety of wines. The industry has high product turnaround, but with low profit margins, which makes it susceptible to any adverse changes in demand (including any recessionary declines). Changes in household preferences, disposable incomes and consumer spending also influence demand.... purchase to read more

Industry Report - Industry Analysis Chapter

The five years to 2013 has been a vintage period for the Wine Bars industry, which has comfortably outperformed the broader Bars and Nightclubs industry (of which it is a sub-segment). The industry was held back by the recession in 2009, when industry revenue declined 0.7% as consumers tightened their purse strings and traded down to drink more wine at home rather than at bars. However, since 2010, consistent growth has been the order of the day. A combination of factors, including changing consumer preferences and higher household incomes, has driven industry growth over the past decade. While consumer confidence remains rocky in 2013, industry revenue is still expected to advance 3.0% to $619.7 million. This represents 2.7% annualized growth over the five years to 2013... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wine Bars Industry?

This industry comprises lounges and bars that primarily focus on selling wine for immediate consumption. These establishments may also provide limited food services.

Industry Products
Red winesWhite winesFood service and nonalcoholic beveragesBeer and liquorRoses and sparkling wines
 
Industry Activities
Serving wine for immediate consumptionPreparing and serving food for immediate consumptionOffering wine tasting for patrons


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