Beer, Wine & Liquor Stores in the US - Industry Market Research Report

Open bar: Rising disposable income levels will likely enable consumers to purchase more premium alcohol, supporting industry profit

Beer, wine and liquor stores have remained in high spirits over the past five years amid favorable economic conditions. A rise in disposable income levels has boosted sales of high-margin and imported beverages, typically less available at alternative retailers. Consumer preferences have shifted away from popular global beer brands to local craft styles with high-quality ingredients and higher profit margins. A rise in e-commerce has encouraged many stores to incorporate online orders and delivery, boosting sales among younger demographics. Over the past five years, revenue for beer, wine and liquor stores has risen at a CAGR of 2.6% to reach an estimated $78.9 billion, including an 0.8% increase in 2023 alone. Operators in this industry include retail stores specifically licensed to sell alcoholic beverages for off-premises consumption. This industry excludes wholesale, grocery, convenience and gas station stores. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.