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

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

Beer, Wine & Liquor Stores in Canada

The Beer, Wine and Liquor Stores industry in Canada comprises specialty shops specifically licenced to sell alcoholic beverages for off-premise consumption. These stores have remained in high spirits over the five years to 2023, as consumer spending and disposable income strengthened during the current period, which has supported consumers' preference for premium alcohol and facilitated revenue expansion. Overall, Canadian beer, wine and liquor store revenue is forecast to increase an annualized 1.8% to $29.2 billion over the five years to 2023. Revenue is expected to grow 0.5% in 2023 alone because of a boost in per capita alcohol consumption during the year. COVID-19 has also aided revenue, as closed bars and restaurants aimed at limiting the spread of the virus have forced Canadians to purchase more alcohol in industry establishments. Similarly, profit, measured as earnings before interest and taxes, has inched up, accounting for an expected 28.0% of revenue in 2023.

The Beer, Wine and Liquor Stores industry in Canada includes stores and agencies that are primarily licenced to sell alcoholic beverages for off-premises consumption. The industry excludes wholesalers and 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.