Industry Analysis & Industry Trends
The Liquor Retailing industry has experienced a variety of challenges over the past five years. Declining per capita alcohol consumption, rising health awareness and competitive pressures have affected the industry. Despite these trends, the industry is expected grow over the period, largely on the back of increasing consumer demand for higher value, premium beverages. Industry revenue is expected to increase by an annualised 3.3% over the five years through 2015-16, to reach $10.0 billion. Rising discretionary incomes and increasing consumer demand for premium beverages are expected to contribute to 3.1% industry revenue growth in 2015-16.
The biggest influence on the industry over the past five years has been the growing market dominance of Woolworths and Wesfarmers-owned Coles... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The liquor retailing industry is in the mature phase of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the wider economy, is expected to grow at an annualised 2.1% over the 10 years through 2020-21, underperforming the growth of the Australian economy, with real GDP forecast to grow at 2.6% over the same period. IBISWorld expects that the majority of this growth in IVA comes from the growing strength of big-box style liquor retailers. However, the moderate (and growing) level of concentration, increasing price competition and falling enterprise numbers are indicative of an industry in the mature stage of its life cycle... purchase to read more