The Wine Bars industry has demonstrated modest growth over the past five years, despite declining alcohol consumption and growth in other hospitality establishments. Wine bar patronage has been assisted by an overall increase in consumer discretionary incomes, which have helped facilitate growing popularity in premium foods and drinks. Consumers are increasingly trading their local pubs and bars for specialty wine bars that offer matched premium wine and food options. As a result, over the five years through 2015-16, IBISWorld forecasts that the Wine Bars industry will grow at an annualised 2.4% to total $952.3 million.
Lounges and bars in this industry primarily prepare and serve wine for immediate consumption. These establishments also offer food options, often as a complement to the beverages consumed.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.