Overview

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

IBISWorld’s Wine Bars market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
11-16
-0.1%
Annual Growth
16-21
Profit
Employment
9,002
Business
1,460

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
  • Traditional bars that have not updated their concept face the biggest threat from wine bars

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    Industry Analysis & Industry Trends

    The Wine Bars industry has enjoyed a stellar run 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 comfortably outpaced the Bars and Nightclubs industry as a whole. Although per capita expenditure on alcohol has experienced only minimal yearly growth in recent years, the industry has achieved significant popularity with both the industry's youngest and oldest consumers. IBISWorld expects the industry to continue to steal market share from other forms of bars and restaurants over the next five years as consumers with rising incomes will continue to seek affordable gourmet dining experiences...

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    Industry Report - Industry Locations Chapter

    The distribution of industry establishments largely follows the US population, with larger concentrations of wine bars typically appearing in or near areas with higher per capita household income. The industry typically appeals to higher-income alcoholic beverage consumers living in densely populated urban areas. Since most industry players are small-scale operators, they cater to their immediate local markets. However, the industry tends to be underrepresented in the Southeast as a result of lower than average income levels. Some states have strict licensing restrictions as well, which impact the industry’s operations and location distribution.

    ..

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    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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    Industry Products

    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

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

  • Current Performance
    Key determinants of industry successConsumption trends and establishmentsProfit
  • Chart: Revenue Growth

  • Industry Outlook
    Profit remains steadyCompetitive threats
  • Table: Wine Bars Industry Revenue Outlook

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

  • Products & Markets
    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 50 and older
  • Consumers aged 30 to 49
  • Consumers aged 21 to 29
  • Chart: Major Market Segmentation for the Wine Bars Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Wine Bars

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wine Bars Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wine Bars Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita expenditure on alcohol (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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 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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