Industry Analysis & Industry Trends
Competition and reduced alcohol consumption resulted in poor industry performance over the past five years. Industry operators will continue to contend with increasing competition from at-home alcohol consumption and other forms of entertainment over the five years to 2019. However, the improvement in the broader economy is expected to drive bar and nightclub spending, especially as establishments focus on ancillary product lines, like food services and live entertainment... purchase to read more
Industry Report - Industry Products Chapter
Sales of liquor, wine and beer
The overwhelming majority of industry revenue stems from alcoholic beverage sales, accounting for about 67.0% of total industry revenue. IBISWorld estimates that distilled spirit sales account for about 28.0% of total revenue, while beer, ale and cider account for 32.0% of sales. Meanwhile, wine accounts for 7.0% of sales. Over the past 10 years, there has been a general decline in the proportion of alcohol-related revenue derived from beer sales, though this trend has been offset by increasing consumption of wine, distilled and mixed spirit drinks.
Overall, drinks sales have slumped over the past five years as a proportion of industry revenue, largely due to a consumer shift toward drinking more at home than at licenced establishments... purchase to read more