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 Locations Chapter
The distribution of industry establishments largely follows the US population, with a larger concentration in or near areas with higher per capita household income. The industry typically appeals to higher-income foodies, in urban areas, that are interested in wine pairings. Since most industry players are small-scale operations, 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.
Population projections indicate the Mid-Atlantic, West and Great Plains regions will account for the largest share of the US population and industry establishments in 2013... purchase to read more