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

  • September 2016
  • 34 pages
  • Ibisworld
Report ID: 198914

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Drink up: Deregulation and increased demand for premium products will yield modest revenue growth



Abstract

Beer, Wine & Liquor Stores in the US

Operators in the Beer, Wine and Liquor Stores industry remained in high spirits over the five years to 2016, despite experiencing very little revenue growth during the period. Due to a projected increase in the Consumer Confidence Index over the five years to 2016, many industry stores experienced renewed sales of high-margin and imported beverages. Consumer taste preferences have shifted away from popular global beer brands toward local craft styles that boast high-quality ingredients and a variety of unique flavors. Deregulation of state-run liquor stores and renewed consumer demand for high-margin craft beer brands bolstered profitability over the past five years. Industry revenue is expected to grow over the five years to 2016. Over the next five years, the industry is expected to benefit from continued reductions in both alcohol retail regulations and excise taxes on the sale of alcohol. However, per capita alcohol consumption among consumers has declined gradually and is expected to damage the industry's revenue prospects. Over the five years to 2021, industry revenue is projected to fall.

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.



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Related Market Segments :

Alcoholic Drink
Liquor Store
Beer

ref:plp2016

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