The Wine Bars industry consists of bars that primarily serve large selections of wine rather than draft beer and mixed drinks. According to IBISWorld Industry Analyst Nick Petrillo, "Although per capita expenditure on alcohol has grown minimally per year in recent years, the industry has achieved significant popularity with both the industry's youngest and oldest consumers… The industry is expected to increase an additional 0.3% to $1.7 billion in revenue during 2016."
Over the next five years, conditions are expected to continue to be favorable for industry operators. "Wine bars have continued to spring up to cater to this growing demand. An estimated 1,222 wine bars are currently in operation throughout the United States," says Petrillo. Furthermore, wine bars are also comparatively less expensive to set up and require less ongoing expenses than a full-scale bar or restaurant, which has been a big advantage during periods of anemic economic growth.
Downstream industries impacted:
Consumers in the US
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