Industry Analysis & Industry Trends
Operators in the Bars and Nightclubs industry have struggled under the weight of a number of social trends, including increased consumption of alcoholic beverages at home rather than at bars and nightclubs. Rising alcohol prices, wariness of drunk driving and evolving attitudes toward alcohol consumption have negatively impacted the industry. Furthermore, the industry has faced strong competition from other industries that serve alcohol, such as restaurants and other places of entertainment. Industry operators have attempted to respond to these challenges by diversifying into a range of new concepts such as wine bars, cocktail lounges and brewpubs to attract new demographics... 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 and distilled and mixed spirit drinks.
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