Beverage consumption has increased manifold across the globe. This industry has a promising and strong future, and it has penetrated e-commerce markets as well. Research and Markets’ report claims that by the year 2023, beverage industry will expand by 7% and will become a $7527.50 billion industry. Beverage is a wide term with alcoholic and non-alcoholic drinks. According to a report from IWSR, people around the globe started purchasing drinks, mainly alcohol, online during the pandemic lockdowns. With this, the total online alcohol selling enhanced by 42%. The report further elaborates that the US will take over China in online alcohol selling by the end of 2021. It is because the online purchase of alcohol increased by 80% during 2020 across the US. The online alcohol selling platform, Drizly, popularly known as ‘Amazon of liquor’, witnessed a rise in its sales by a whopping 300% during the pandemic lockdowns. Currently, alcohol is not the only item thriving item under beverages, there is a lot more non-alcoholic drinks which are gaining widespread popularity online on the internet. As per a report by Nielsen, non-alcoholic beverages market is also expanding at a fast pace in the world. In this article we have gathered information about Top 5 Best Beverage Stocks To Buy as shared by Insider Monkey.
Keurig Dr Pepper Inc is one of the top 5 best beverage companies. It is an American company, based in Texas. The product line of Keurig includes juices, iced tea and coffee. According to a stock analyst, Sean King, the company is a good option to buy as its prices went up during the third quarter of 2020 as compared to the projected estimates. Another popular company is Mondelez International Inc. This company is popular for producing chocolates, biscuits, cookies, Tang and various other items. The popular Cadbury brand is owned by Mondelez International. According to financial analysts, the company’s stocks increased by $0.63 per share during the ongoing quarter. Mondelez International is headquartered in Illinois. The popular Oreo cookies is also the brainchild of Mondelez. Renowned investor Ray Dalio from Bridgewater Associates is the main investor in Mondelez stocks. Sources claim that he purchased 686,216 shares of the company worth $39.42 million. The list does not end here. There are various other companies which have much better and promising future for stock buyers. Go to 10 Best Beverages Stocks To Buy Now and read the interesting information on this page.
