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 Locations Chapter
The distribution of industry establishments largely follows the US population, with larger concentrations of wine bars typically appearing in or near areas with higher per capita household income. The industry typically appeals to higher-income foodies living in densely populated urban areas. Since most industry players are small-scale operators, they cater to their immediate local markets. However, the industry tends to be under-represented in the Southeast, as a result of lower than average income levels. Some states have licensing restrictions as well, which impact the industry's operations and location distribution.
Population projections indicate the Great Lakes, Mid-Atlantic and Southeast regions will account for the largest share of the industry establishments... purchase to read more