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Beer, wine and liquor retailers encountered a fundamental reset over the five years to 2025, settling into a landscape very different from the post-pandemic recovery many initially expected. Retailers have watched demand fragment as new channels and consumer behaviors have taken hold, with alcohol-to-go, digital ordering, and a rapid on-premise rebound redistributing revenue that once reliably flowed to traditional retail. In turn, the number of competing establishments has swelled, giving shoppers more choice but also forcing operators to scramble for thinner slices of a stagnant or even shrinking revenue pie. The push to invest in omnichannel convenience, broader assortments and flexible formats has kept stores in the game, but it’s also left profit growth increasingly tethered to execution rather than pure expansion. Revenue has been sinking at a CAGR of 1.4% over the past five years, reversing course and climbing 1.1% in 2026 to total $80.8 billion.
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IBISWorld's research coverage on the Beer, Wine & Liquor Stores industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
The Beer, Wine & Liquor Stores industry in the United States operates under the NAICS industry code 44531. Operators in this industry include retail stores specifically licensed to sell packaged alcoholic beverages, including beer, wine and liquor, for off-premises consumption. Related terms covered in the Beer, Wine & Liquor Stores industry in the United States include alcoholic beverages, on-premises, off-premises and mom-and-pop store.
Products and services covered in Beer, Wine & Liquor Stores industry in the United States include Spirits, Wine and Beer.
Companies covered in the Beer, Wine & Liquor Stores industry in the United States include Total Wine and More, Yankee Spirits and ABC Fine Wine & Spirits.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Beer, Wine & Liquor Stores industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Beer, Wine & Liquor Stores industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Beer, Wine & Liquor Stores industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Beer, Wine & Liquor Stores industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Beer, Wine & Liquor Stores industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Beer, Wine & Liquor Stores industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Beer, Wine & Liquor Stores industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Beer, Wine & Liquor Stores industry in the United States.
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The market size of the Beer, Wine & Liquor Stores industry in the United States is $80.8bn in 2026.
There are 44,401 businesses in the Beer, Wine & Liquor Stores industry in the United States, which has grown at a CAGR of 1.2 % between 2021 and 2026.
The Beer, Wine & Liquor Stores industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Beer, Wine & Liquor Stores industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Beer, Wine & Liquor Stores industry in the United States has been declining at a CAGR of 1.4 % between 2021 and 2026.
Over the next five years, the Beer, Wine & Liquor Stores industry in the United States is expected to grow.
The biggest companies operating in the Beer, Wine & Liquor Stores industry in the United States are Total Wine and More, Yankee Spirits and ABC Fine Wine & Spirits
Beer and Wine are part of the Beer, Wine & Liquor Stores industry in the United States.
The company holding the most market share in the Beer, Wine & Liquor Stores industry in the United States is Total Wine and More.
The level of competition is high and increasing in the Beer, Wine & Liquor Stores industry in the United States.