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Wine Bars - Industry Market Research Report

  • October 2016
  • -
  • Ibisworld
  • -
  • 30 pages

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Happy hour: Consumers' tastes are changing in favor of domestic and foreign wines



Abstract

Wine Bars

The Wine Bars industry has enjoyed a stellar run 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 comfortably outpaced the Bars and Nightclubs industry as a whole. Although per capita expenditure on alcohol has experienced only minimal yearly growth in recent years, the industry has achieved significant popularity with both the industry's youngest and oldest consumers. IBISWorld expects the industry to continue to steal market share from other forms of bars and restaurants over the next five years as consumers with rising incomes will 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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Related Market Segments :

Wine
Wine Bar
Bar

ref:plp2016

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