Raise a glass: Increasing incomes and interest in craft brews will boost the industry

The Beer, Wine and Liquor Stores industry in Massachusetts includes stores that are licensed to sell alcoholic beverages for off-premise consumption. Over the five years to 2018, the industry expanded due to positive economic conditions. As the population grew alongside disposable income, a larger consumer base was able to trade up to more premium alcohol varieties. Like the national industry, profit margins for wine, beer and liquor stores are low. Over the five years to 2023, the industry is expected to continue growing...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
1.7%
Forecast Growth 18-23
Profit
Employment
9,321
Businesses
1,646

Industry Threats & Opportunities

  • The craft beer and spirit boom in Massachusetts pressured top retailers to carry craft beer options
  • Industry Report - Industry Key Buyers Chapter

    • The Beer, Wine and Liquor Stores industry in Massachusetts has a low level of market share concentration.• No individual store holds more than a 5.0% market share in the industry.• According to the US Census, 81.5% of establishments employ fewer than 10 people.• Many stores are family owned and independently operated...purchase to read more.

    Additional Insights for the Beer, Wine & Liquor Stores in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beer, Wine & Liquor Stores in Massachusetts Industry are

  • Close monitoring of competition
  • Use of high volume/low margin strategy
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Massachusetts and Number of adults aged 20 to 64 in Massachusetts in the Beer, Wine & Liquor Stores in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Beer, Wine & Liquor Stores in Massachusetts Industry?

    Operators in this industry include retail stores specifically licensed to sell alcoholic beverages for off-premises consumption in Massachusetts. This industry excludes wholesale, grocery, convenience and gas station stores.

    Industry Products
  • Wine
  • Beer
  • Liquor
  • Industry Activities
  • Beer retailing
  • Wine retailing
  • Spirits retailing
  • Cider, mead and other alcoholic beverage retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Massachusetts
  • Number of adults aged 20 to 64 in Massachusetts
  • Per capita expenditure on alcohol
  • Population of Massachusetts

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beer, Wine & Liquor Stores in Massachusetts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Breweries
  • Wine & Spirits Wholesaling
  • Wineries

  • Products & Services
  • Wine
  • Beer
  • Liquor
  • Other
  • Chart: Beer, Wine & Liquor Stores in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 21-44
  • Consumers aged 45-64
  • Consumers aged 65-74
  • Consumers aged 75+
  • Chart: Major Market Segmentation for the Beer, Wine & Liquor Stores in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Beer, Wine & Liquor Stores in Massachusetts

  • Basis of Competition
    Barriers to Entry
    Gordon's Fine Wines & Liquors, Lukes Liquors, Table & Vine, Total Wine and More, Yankee Spirits,
  • Table: Gordon's Fine Wines & Liquors - financial performance
  • Table: Lukes Liquors - financial performance
  • Table: Table & Vine - financial performance
  • Table: Total Wine and More - financial performance
  • Table: Yankee Spirits - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Beer, Wine & Liquor Stores in Massachusetts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Beer, Wine & Liquor Stores in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Expenditure on Alcohol (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alcoholic Beverages
  • A beverage category that includes beer, wine and liquors.
  • Mom-And-Pop Store
  • A business that is owned and operated in a single location with few or no employees other than the owner or owners.
  • Off-Premises
  • The purchase of liquor in packaged form (bottles, cans or casks) for consumption at home or anywhere other than the location of purchase.
  • On-Premises
  • The purchase of liquor for immediate consumption.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Beer, Wine & Liquor Stores in Massachusetts contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beer, Wine & Liquor Stores in Massachusetts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beer, Wine & Liquor Stores in Massachusetts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beer, Wine & Liquor Stores in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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