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
Annual Growth 13-18
Forecast Growth 18-23
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 Key Buyers Chapter

    The industry is highly fragmented and consists of many small operators, many of which are family owned and operated. The top players in the industry account for well under 5.0% of total revenue, and most establishments are small businesses employing fewer than 20 people. According to the US Census, of all the establishments throughout the larger Bars and Nightclubs industry, 98.2% employee fewer than 50 people and 74.0% employ fewer than 10.There is also a very low prevalence of wine bar operators that own more than one location. There are limited economies of scale that can be gained from operating more than one wine bar, mainly due to the high labor intensity of the industry. Also, the varying state liquor laws make it difficult for owners to form large chains. Due...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
  • 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
  • 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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