Industry Analysis & Industry Trends
Reduced alcohol consumption and stricter regulatory oversight have resulted in contraction of the Bars and Nightclubs industry over the past five years. Alcohol has increasingly been consumed in private residences rather than industry establishments, and new pricing regulations aimed at stemming the trend of binge drinking have prevented operators from stimulating demand through special promotions. The industry has adapted to these challenges by increasingly targeting niche markets and offering ancillary products such as food and entertainment. In the next five years, improvements in the broader economy will drive increased consumer spending at bars and nightclubs, but will result in only a marginal expansion of revenue as competition remains fierce... 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