Over the five years to 2019, the Wine Bars industry has experienced stable growth, taking advantage of an evolving hospitality landscape. The industry has generally outperformed the Bars and Nightclubs industry as a whole, as per capita wine consumption has trended upward at a strong pace. Moreover, the industry has achieved significant popularity with both the industry's youngest and oldest consumers. As a result, industry revenue is anticipated to increase during the current period. Industry revenue is expected to continue growing over the five years to 2024, primarily due to rising disposable income levels. However, industry operators will have to contend with increasing competition during the outlook period, causing revenue to grow more slowly when compared with the prior five-year period.
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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