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

  • August 2017
  • 34 pages
  • Ibisworld
Report ID: 198914

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Drink up: Decreasing taxes on beer, wine and liquor will yield revenue growth

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. Industry operators remained in high spirits over the five years to 2017, despite experiencing meager revenue growth during the period. Due to a projected increase in the Consumer Confidence Index over the period, 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.

In particular, many consumers abandoned the low-margin, subpremium branded liquor that had been more popular early in the five-year period.

Over the five years to 2022, the industry is expected to benefit from continued reductions in both alcohol retail regulations and excise taxes on the sale of beer. Operators will cater to the growing market of young millennial consumers whose tastes differ from consumers in other age groups.

However, state deregulation will continue to intensify competition, and a slight increase in excise tax on the sale of wine is expected to mitigate 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.

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