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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 SWOT Analysis Chapter

The Wine Bars industry is in the growth stage of its life cycle. The industry continues to outpace the broader Bars and Nightclubs industry due to changing consumer preferences and rising incomes in urban areas where wine bars are popular. Over the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to GDP, is expected to grow at an average annual rate of 4.3%, compared to projected annualized GDP growth of 2.5% over the same period. The industry's greater contribution to the US economy is one indication the industry is in its growth stage.

Although per capita wine consumption in the United States is relatively low by global standards, consumption has grown considerably over the past few decades... 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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