Spirited Growth: a Recovering Economy is Expected to Boost Consumer Spending on Alcohol, Supporting the Industry
Revenue for the Online Beer, Wine and Liquor Sales industry has skyrocketed alongside per capita disposable income and consumer awareness surrounding the online sale of alcohol. Mobile internet connections have swelled over the past five years, creating a robust potential consumer base for online alcohol retailers. COVID-19 represented a significant opportunity for alcohol delivery as many states loosened regulations surrounding direct-to-consumer shipments of alcohol to accommodate stay-at-home orders. Still, state-by-state variations in regulations for online alcohol distribution have challenged online retailers. Over the past five years, revenue has surged at a CAGR of 19.5%, reaching an estimated $3.1 billion in 2023, when profit will reach 4.0%.
The Online Beer, Wine and Liquor Sales industry comprises operators that sell prepackaged beer, wine and liquor through online stores. This industry also includes companies that sell online as a complement to physical storefronts.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Wine.Com Inc.
- Drizly, Inc.
Methodology
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