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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 | Apr 2015

Happy hour: Consumers' tastes are changing in favor of domestic and foreign wines

IBISWorld’s Wine Bars market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$656m
Annual Growth 10-15
4.1%
Annual Growth 15-20
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Profit
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Employment
11,504
Businesses
1,151
Industry Analysis & Industry Trends

The Wine Bars industry has enjoyed a stellar run over the past five years and has taken advantage of an evolving hospitality landscape. The industry, which consists of bars that primarily serve large selections of wine rather than draft beer and mixed drinks, has comfortably outpaced the Bars and Nightclubs industry as a whole. Although per capita expenditure on alcohol has experienced only minimal yearly growth in recent years, the industry has achieved significant popularity with both the industry's youngest and oldest consumers. IBISWorld expects the industry to continue to steal market share from other forms of bars and restaurants over the next five years as consumers with rising incomes will continue to seek affordable gourmet dining experiences.... purchase to read more

Industry Report - Industry Investment Chapter

The Wine Bars industry exhibits a low level of capital intensity. In 2015, for every $1.00 the average operator spends on wages, it will spend about $0.11 on the use and replacement of capital. The industry is highly dependent on human capital due to its service-oriented nature. Although most staff are relatively low-skilled, low-cost workers, no bar can function without quality staff with a broad knowledge of wine varieties and regions. The average operator spends about 27.1% of its revenue on wages and associated labor costs.

The cost of an establishment's initial capital investment will depend on the size and style of the establishment. However, most wine bars are small-to-medium in size and do not require extensive renovations... 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 on-premise 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 consumptionOffering wine tasting for patronsPreparing and serving food for immediate consumption


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