Beer, Wine & Liquor Stores in the US - Industry Market Research Report

Beer, Wine & Liquor Stores in the US - Industry Market Research Report

  • February 2021 •
  • 51 pages •
  • Report ID: 198914 •
  • Format: PDF
Open bar: Rising disposable income will likely enable consumers to spend more alcohol

Abstract

Beer, Wine & Liquor Stores in the US
The Beer, Wine and Liquor Stores industry comprises specialty shops specifically licensed to sell alcoholic beverages for off-premises consumption. Amid rising per capita disposable income, many establishments have experienced strong sales of high-margin and imported beverages, which are typically less available at alternative retailers. Additionally, consumer preferences have shifted away from popular global beer brands toward local craft styles that boast high-quality ingredients and a variety of unique flavors. As a result, industry revenue is expected to grow over the five years to 2019. The industry is expected to experience continued albeit slower growth over the five years to 2024. Rising per capita disposable income will enable consumers to spend more on discretionary goods, including alcohol. Operators will also benefit from continued reductions in alcohol retail regulations across the country. However, the increasing availability of industry products at alternative retailers, from supermarkets to online stores, is expected to bolster external competition and moderate revenue growth.

Operators in this industry include retail stores specifically licensed to sell alcoholic beverages for off-premises consumption. This industry excludes wholesale, grocery, convenience and gas station stores.

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.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.