NEW YORK, Nov. 21, 2016 /PRNewswire/ -- Over the five years to 2016, industry revenue is expected to grow at an annualized rate of 11.7% to $614.0 million. In 2016, revenue is expected to rise 6.5%, due to growing consumer demand for craft beer.
For the full report, visit IBISWorld's Online Beer, Wine & Liquor Sales in the U.S. industry report page.
Profit is anticipated to reach 4.6% of industry revenue in 2016, driven by many industry operators forming favorable partnerships with brick-and-mortar liquor stores. For example, some online retailers have outsourced filling and delivering orders to brick-and-mortar stores, effectively lowering costs related to complying with state regulations (e.g. purchasing licenses and obtaining permits for distribution vehicles). "However," notes IBISWorld Industry Analyst Darshan Kalyani, "state-by-state variations in regulations for interstate alcohol distribution have posed a key hurdle for the industry."
Over the five years to 2021, industry revenue is forecast to grow. Alcohol sales will increase, partly thanks to population growth among individuals aged 20 to 64, which predominately encompasses the drinking age population. According to data from Nielsen, millennials account for 53.0% of respondents who plan on making online purchases, which will provide the industry with a larger potential customer base.
Downstream industries impacted:
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IBISWorld industry Report Key Topics
Products & Markets
Globalization & Trade
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