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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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