Happy hour: Consumers' tastes are changing in favor of domestic and foreign wines

The Wine Bars industry has experienced stable growth 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 generally outperformed the Bars and Nightclubs industry (IBISWorld report 72241) as a whole, as per capita wine consumption has trended upward at a strong pace. IBISWorld expects the industry to continue to capture market share from other forms of bars and restaurants over the next five years. Consumers with rising incomes are expected to continue to seek affordable gourmet dining experiences...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.6%
Forecast Growth 18-23
Profit
Employment
10,977
Businesses
1,780
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has been assisted by rising wine consumption in the United States over the past decade
  • There are very few advantages to opening more than one location
  • Wine bars are projected to gain market share within the broader Bars and Nightclubs industry
  • Industry Report - Industry Products Chapter

    Red winesSales of red wines contribute 36.7% of industry revenue. Red wines are made from dark red and deep purple grapes and often have bold tastes and spicy flavors that become more pronounced with age. Well known red wines include Cabernet Sauvignon, Malbec, Merlot, Syrah/Shiraz, Pinot Noir, Sangiovese and Zinfandel. Red wines are served at room temperature and often paired with pasta with red sauce, red meat, cheeses and chocolate. Many red wines are produced in France, Italy, Argentina, Australia and the United States. This segment has grown over the period due to the perceived increased health benefits, specifically cardiovascular, associated with drinking red wine...purchase to read more.

    Additional Insights for the Wine Bars Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wine Bars Industry are

  • Must have liquor license
  • Access to niche markets
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Per capita expenditure on alcohol in the Wine Bars industry impact industry performance..

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    What's in this report

    What is the Wine Bars Industry?

    This industry comprises lounges and bars that primarily focus on selling wine for immediate on-premise consumption. These industry establishments may also provide limited food services.

    Industry Products
  • Red wines
  • White wines
  • Blush wines
  • Nonalcoholic beverages
  • Meals and snacks
  • Industry Activities
  • Serving wine for immediate consumption
  • Offering wine tasting for patrons
  • Preparing and serving food for immediate consumption
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Per capita expenditure on alcohol
  • Consumer Confidence Index
  • Healthy eating index

  • Current Performance
  • Key determinants of industry success
  • Consumption trends and establishments
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit remains steady
  • Competitive threats
  • Table: Wine Bars Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wine Bars Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Dairy Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling
  • Wine & Spirits Wholesaling
  • Wineries

  • Products & Services
  • Red wines
  • White wines
  • Meals and snacks
  • Blush wines
  • Other
  • Nonalcoholic beverages
  • Chart: Wine Bars Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 21 to 34
  • Consumers aged 51 and older
  • Consumers aged 35 to 50
  • Chart: Major Market Segmentation for the Wine Bars Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wine Bars

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wine Bars 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 Wine Bars 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 Wine Bars Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (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
    Gourmet
  • Of or involving fancy or exotic foods and drink.
  • Millennial
  • There are no precise dates that chart this generation, however, a Millennial is generally considered to have birth years from the early 1980s to the early 2000s.
  • Oenophile
  • A casual or professional connoisseur of wines.
  • Point Of Sale (Pos)
  • The physical location where a retail transaction is completed.
  • What Our Customers Say

    Why buy this report?

    The Wine Bars 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 Wine Bars:
    • 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 Wine Bars 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 Wine Bars, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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