Key Takeaways
- The U.S. liquor store industry revenue reached $28.4 billion in 2023, up 3.8% from 2022 driven by premium spirits demand.
- Liquor stores in the U.S. saw total sales of $27.9 billion in 2022, with craft spirits contributing 12% of volume sales.
- Average annual revenue per liquor store in the U.S. was $1.2 million in 2023, varying by store size and location.
- Global liquor store market size valued at $1.2 trillion in 2023, U.S. share 25%.
- U.S. liquor retailing industry expected to grow at 4.5% CAGR to $35.2 billion by 2028.
- Number of U.S. liquor stores increased to 45,200 in 2023 from 43,800 in 2020.
- U.S. Millennial liquor store visits averaged 14 times per year in 2023.
- 62% of U.S. liquor store shoppers are male, purchasing premium brands 45% more often.
- Gen Z consumers prefer RTD cocktails, buying 28% of category volume in liquor stores 2023.
- U.S. control states regulate 18% of liquor store sales volume in 2023.
- Federal excise tax on distilled spirits is $13.50 per proof gallon as of 2023.
- 17 U.S. states operate as control states for liquor sales in 2023.
- Average U.S. liquor store has 1,800 sq ft floor space in 2023.
- U.S. liquor stores average 4.2 full-time employees per location in 2023.
- Annual inventory turnover rate for liquor stores is 8.2 times in 2023.
Premium spirits and e-commerce drove U.S. liquor store industry growth in 2023.
Consumer Behavior
- U.S. Millennial liquor store visits averaged 14 times per year in 2023.
- 62% of U.S. liquor store shoppers are male, purchasing premium brands 45% more often.
- Gen Z consumers prefer RTD cocktails, buying 28% of category volume in liquor stores 2023.
- Average U.S. liquor store basket size was $45.30 with 2.8 items in 2023.
- 41% of U.S. consumers aged 21-34 bought flavored spirits from liquor stores in 2023.
- Hispanic consumers represented 22% of U.S. liquor store sales volume in 2023.
- 55% of liquor store purchases influenced by promotions and discounts in 2023.
- Women over 50 bought 18% more low/no-alcohol spirits in liquor stores 2023.
- Urban U.S. consumers visited liquor stores 19 times annually vs. rural 12 times in 2023.
- 67% of U.S. liquor store loyalty program members spent 25% more per visit 2023.
- Tequila preference among 25-34 year-olds at 35% of spirits purchases in 2023.
- 48% of U.S. consumers stockpiled liquor during holidays from stores in 2023.
- Average age of U.S. liquor store primary shopper is 42 years in 2023.
- 29% of purchases in liquor stores were impulse buys under $20 in 2023.
- Baby Boomers accounted for 31% of total liquor store revenue in 2023.
- 52% of U.S. consumers prefer single-malt scotch from specialty liquor stores 2023.
- Mobile app usage for liquor store deals rose 34% among under-35s in 2023.
- 61% of high-income households ($100k+) bought ultra-premium in liquor stores 2023.
- Seasonal buying: summer RTDs up 42% in liquor stores among millennials 2023.
Consumer Behavior Interpretation
Market Size and Growth
- Global liquor store market size valued at $1.2 trillion in 2023, U.S. share 25%.
- U.S. liquor retailing industry expected to grow at 4.5% CAGR to $35.2 billion by 2028.
- Number of U.S. liquor stores increased to 45,200 in 2023 from 43,800 in 2020.
- U.S. off-premise alcohol market expanded 6.1% to $52.4 billion in 2023.
- Liquor store market in Europe grew to €450 billion in 2023, CAGR 3.2%.
- U.S. craft distillery output grew 15% contributing to 8% market share in 2023.
- Asia-Pacific liquor retail market projected to reach $500 billion by 2030, CAGR 5.8%.
- U.S. liquor store density highest in Nevada at 12.4 stores per 10,000 adults in 2023.
- Total U.S. alcohol retail market (including liquor stores) valued at $78.3 billion in 2023.
- U.S. liquor store industry employment rose to 210,000 jobs in 2023.
- Premiumization trend boosted U.S. liquor store market growth by 7.2% in 2023.
- Number of chain liquor stores in U.S. grew 2.1% to 12,500 in 2023.
- U.S. liquor store market penetration rate at 85% of adults in control states 2023.
- Global liquor store outlets totaled 1.2 million in 2023, U.S. 4% share.
- U.S. super-premium spirits market share in liquor stores rose to 22% in 2023.
- Liquor store market in Texas expanded 5.3% to $4.8 billion in 2023.
- U.S. liquor retailing CAGR 2018-2023 was 3.9% reaching $28.4 billion.
- E-commerce share of U.S. liquor store sales increased to 5.2% in 2023.
Market Size and Growth Interpretation
Operational Metrics
- Average U.S. liquor store has 1,800 sq ft floor space in 2023.
- U.S. liquor stores average 4.2 full-time employees per location in 2023.
- Annual inventory turnover rate for liquor stores is 8.2 times in 2023.
- Average operating hours for U.S. liquor stores: 11 hours/day, 6.5 days/week 2023.
- Shrinkage rate (theft/loss) in liquor stores averaged 1.8% of sales in 2023.
- POS systems adopted by 92% of U.S. liquor stores for age verification 2023.
- Average cost of goods sold (COGS) for liquor stores 71.6% of revenue 2023.
- U.S. liquor store electricity costs averaged $2,400 per year per store 2023.
- Delivery services offered by 45% of urban liquor stores post-COVID 2023.
- Average rent for prime location liquor store $45/sq ft annually in 2023.
- Staff training hours per employee: 12 annually in top-performing stores 2023.
- Self-checkout kiosks in 8% of large chain liquor stores in 2023.
- Average stock levels: 1,200 SKUs per mid-size liquor store in 2023.
- Security camera usage 98% in U.S. liquor stores, CCTV footage retention 30 days.
- Waste recycling rate for packaging in liquor stores 65% in 2023.
- Online inventory integration with in-store systems in 62% of stores 2023.
- Peak hour sales volume 35% between 4-7 PM in liquor stores 2023.
- Average transaction time at checkout: 2.1 minutes in 2023.
- Energy-efficient lighting reduced costs 15% in 40% of stores 2023.
Operational Metrics Interpretation
Regulatory Environment
- U.S. control states regulate 18% of liquor store sales volume in 2023.
- Federal excise tax on distilled spirits is $13.50 per proof gallon as of 2023.
- 17 U.S. states operate as control states for liquor sales in 2023.
- Minimum drinking age of 21 enforced nationwide via federal law since 1984.
- California ABC licenses 15,000+ liquor stores under Type 20/21 licenses 2023.
- TTB approved 2,100 new distilled spirits labels for retail in 2023.
- Dry counties in U.S. number 83 affecting 5% of potential liquor store locations 2023.
- EU alcohol advertising bans impact 28% of liquor store marketing budgets 2023.
- U.S. states with Sunday sales bans reduced to 2 (Arkansas, Connecticut partial) 2023.
- FDA warning labels required on alcohol but not enforced at retail level 2023.
- Texas TABC issued 1,200 violations for underage sales in liquor stores 2023.
- COLA (Certificate of Label Approval) processing time averaged 45 days in 2023.
- 10% of U.S. states require liquor store employees to complete responsible beverage training.
- Import duties on spirits average 15% ad valorem in U.S. liquor supply chain 2023.
- Pennsylvania PLCB controls 100% of liquor store operations as monopoly 2023.
- WHO recommends limiting alcohol ads near schools, adopted by 12 U.S. states 2023.
- Average liquor store licensing fee $1,200 annually in New York State 2023.
- U.S. average inventory tax on liquor stores 0.5% of value in 25 states 2023.
Regulatory Environment Interpretation
Revenue and Sales
- The U.S. liquor store industry revenue reached $28.4 billion in 2023, up 3.8% from 2022 driven by premium spirits demand.
- Liquor stores in the U.S. saw total sales of $27.9 billion in 2022, with craft spirits contributing 12% of volume sales.
- Average annual revenue per liquor store in the U.S. was $1.2 million in 2023, varying by store size and location.
- U.S. liquor retail sales grew by 5.1% year-over-year in Q4 2023, totaling $7.3 billion.
- Off-premise liquor sales accounted for 65% of total U.S. alcohol revenue at $42.1 billion in 2023.
- Premium liquor segment sales in U.S. liquor stores increased 8.7% to $9.8 billion in 2023.
- U.S. liquor store chain average revenue was $45.6 million per outlet in 2022.
- Total U.S. distilled spirits sales through liquor stores hit $25.6 billion in 2023.
- Regional liquor store sales in California reached $6.2 billion in 2023, leading the nation.
- U.S. independent liquor stores generated $18.7 billion in 2023, 66% of industry total.
- Liquor store e-commerce sales in the U.S. surged 22% to $1.4 billion in 2023.
- Average gross margin for U.S. liquor stores was 28.4% on $27.5 billion sales in 2023.
- U.S. liquor store sales volume increased 4.2% to 450 million cases in 2023.
- Tequila sales in U.S. liquor stores generated $4.1 billion in revenue in 2023.
- U.S. liquor store holiday sales peaked at $3.9 billion in December 2023.
- Independent U.S. liquor store revenue per square foot averaged $850 in 2023.
- U.S. liquor store profit margins averaged 6.2% on $28 billion revenue in 2023.
- Vodka category sales in U.S. liquor stores totaled $7.2 billion in 2023.
- U.S. liquor store sales in urban areas contributed 72% of national revenue in 2023.
- Ready-to-drink (RTD) sales in liquor stores reached $2.8 billion in 2023.
Revenue and Sales Interpretation
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