Wine Bars in the US - Industry Market Research Report
Description
Wine Bars in the US
Wine bars consist of lounges and bars that focus on the sale of wine for immediate, on-site consumption. Wine bars also offer limited food services and nonalcoholic beverages. Through the end of 2023, wine bars have seen largely stable expansion, benefiting from an evolving hospitality landscape prior to COVID-19. Wine bars have achieved substantial popularity with the industry's youngest and oldest consumers, as disposable income levels strengthened and consumers spent more on higher-priced discretionary products. For example, younger consumers are taking more to premium beverages, like wine and craft beer, and opting for smaller and quieter venues that offer a relaxed dining experience. Despite positive trends, drops pertaining to the pandemic have contributed to a dip of an estimated CAGR of 6.0% through the end of 2023 to $1.9 billion, including an anticipated 4.0% dip in 2023 alone.
Wine bars comprise lounges and bars that primarily focus on selling wine for immediate on-premise consumption. These wine bars 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.
Wine bars consist of lounges and bars that focus on the sale of wine for immediate, on-site consumption. Wine bars also offer limited food services and nonalcoholic beverages. Through the end of 2023, wine bars have seen largely stable expansion, benefiting from an evolving hospitality landscape prior to COVID-19. Wine bars have achieved substantial popularity with the industry's youngest and oldest consumers, as disposable income levels strengthened and consumers spent more on higher-priced discretionary products. For example, younger consumers are taking more to premium beverages, like wine and craft beer, and opting for smaller and quieter venues that offer a relaxed dining experience. Despite positive trends, drops pertaining to the pandemic have contributed to a dip of an estimated CAGR of 6.0% through the end of 2023 to $1.9 billion, including an anticipated 4.0% dip in 2023 alone.
Wine bars comprise lounges and bars that primarily focus on selling wine for immediate on-premise consumption. These wine bars 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.
Table of Contents
39 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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