In the sweltering heat, the best thing to do is relax with a cool drink. Beverage firms make a lot of money. Coca-Cola’s net income in 2019 was $8.92 billion, whereas PepsiCo Inc’s net income was £7.353 billion in the same year. Coca-Cola and PepsiCo are both extremely valuable companies. With a market capitalization of $441.55 billion, Kweichow Moutai is currently the world’s largest distillery. Nike and Toyota are both worth more than the corporation. One of the most diverse and innovative businesses is the beverage sector. Mega-corporations like Starbucks take delight in ensuring that their clients are completely satisfied. From the Doubleshot on Ice to Cold Brew Coffee, they have a vast variety of coffees to pick from. Be that as it may, it’s not possible to ignore the gigantic elephant in the room: the coronavirus pandemic. With the advent of COVID-19, every industry globally took an economic hit – except perhaps the drug and pharmaceuticals and healthcare industries. From 2020 to 2027, the food and beverage industry is predicted to increase at a compound annual growth rate of 13.74 percent. However, the epidemic has taken a toll on the beverage business in recent years. As the sector undergoes these changes, non-alcoholic beverage companies have been operating in a completely different way. Online food and beverage shopping has exploded as a result of government-imposed restrictions around the world, with revenue from food and beverage e-commerce expected to reach $18.7 billion by 2020.
Insider Monkey states the list of the 15 largest beverage companies by market cap. Brown-Forman Corporation is one of the major alcoholic beverage companies in the United States, with a 150-year history. It is the company behind Jack Daniel’s and Woodford Reserve whiskeys, which are sold in over 170 countries. Another American alcoholic beverage firm, Constellation Brands, specializes in beer, wine, and spirits. For as long as I can remember, Monster Beverage Corp has been creating and selling a wide range of energy beverages. Monster is one of the most well-known beverage brands on the planet. By market capitalization, the company ranks 13th among the major beverage firms. Dr. Pepper is placed 12th in terms of market capitalization among the top 15 beverage corporations. It’s one of the world’s oldest and most successful beverage firms. Yanghe Distillery is the 11th largest beverage company in terms of market capitalization. Their website talks about how the company prepares its drinks in a unique and enthralling method. Pernod Ricard is a French alcoholic beverage manufacturer. It is placed 10th in terms of market capitalization among the top 15 beverage firms. Nongfu Spring is one of the world’s most well-known beverage firms. Their revenue in 2019 was $3.4 billion, putting them in ninth place on the list. For more details, click 15 Largest Beverage Companies by Market Cap.
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