Drink up: Decreasing taxes on beer, wine and liquor will yield revenue growth

The Beer, Wine and Liquor Stores industry comprises specialty shops specifically licensed to sell alcoholic beverages for off-premises consumption. Industry operators remained in high spirits over the five years to 2017, despite experiencing meager revenue growth during the period. Due to a projected increase in the Consumer Confidence Index over the period, many industry stores experienced renewed sales of high-margin and imported beverages. Consumer taste preferences have shifted away from popular global beer brands toward local craft styles that boast high-quality ingredients and a variety of unique flavors. Deregulation of state-run liquor stores and renewed consumer demand for high-margin craft beer brands bolstered profitability over the past five years...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is expected to benefit from continued reductions in both alcohol retail regulations and excise taxes
  • Greater willingness to spend on discretionary goods generally bodes well for industry retailers
  • Alcohol deregulation will likely continue as budgetary concerns pressure state-run stores
  • Industry Report - Industry Investment Chapter

    The Beer, Wine and Liquor Stores industry can generally hire unskilled workers to stock shelves and perform basic cashier functions. Some expertise with alcoholic beverages is required for industry stores that offer product demonstrations and wish to provide customers with additional advice and service. These demonstrations, however, are typically performed by various vendors and representatives from distributors and beverage manufacturers. Overall, the industry is highly service-based and does not require significant investments in capital and machinery to perform day-to-day functions. For every dollar spent on wages, the industry spends a slim $0.10 on investments in capital. The...purchase to read more.

    Additional Insights for the Beer, Wine & Liquor Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beer, Wine & Liquor Stores 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 Consumer Confidence Index and Healthy eating index in the Beer, Wine & Liquor Stores industry impact industry performance..

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    What's in this report

    What is the Beer, Wine & Liquor Stores Industry?

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

    Industry Products
  • Liquor
  • Wine
  • Beer
  • 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
  • Consumer Confidence Index
  • Healthy eating index
  • Per capita expenditure on alcohol
  • Excise tax on beer
  • Excise tax on distilled spirits
  • Excise tax on wine

  • Current Performance
  • Decreasing regulation
  • Growing demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Decreasing regulation
  • Growing demand
  • Industry landscape
  • Table: Beer, Wine & Liquor Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

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

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

  • Demand Determinants
    Major Markets
  • Consumers aged 21 to 44
  • Consumers aged 45 to 64
  • Consumers aged 65 to 74
  • Consumers aged 75 and over
  • Chart: Major Market Segmentation for the Beer, Wine & Liquor Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesRent and utilitiesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Beer, Wine & Liquor Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beer, Wine & Liquor Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Beer, Wine & Liquor Stores 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 Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Expenditure on Alcohol (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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?

    The Beer, Wine & Liquor Stores industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Beer, Wine & Liquor Stores:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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