15 Most Valuable Alcohol Companies
The alcohol industry performed better-than-expected in 2020 as demand grew worldwide. According to a report, the global alcoholic beverage market was valued at $515.2f billion in 2019 and projected to reach $614.7 billion at a compound annual growth rate (CAGR) of 7% from 2021 to 2023. In 2019, the largest region in the global alcoholic beverage market was Asia Pacific which accounted for 41% of the market. North America was the second biggest region, contributing 24% of the global market for alcoholic beverages.
Rising Online Demand
A report by the market research firm International Wine and Spirit Records, or IWSR, said that online demand for liquor in the U.S. was expected to jump by over 80% in 2020 as a result of the coronavirus outbreak. The report said that alcohol e-commerce sales were expected to come in at $5.6 billion in 2020, up from about $3 billion in 2019.
5 Most Valuable Alcohol Companies
Market cap: $82.31 billion
Headquarters: Richmond, VA
Ranking 5th on our list of the 15 most valuable alcohol companies is Altria Group. Aside from the company’s wine business, Altria Group is primarily known for manufacturing cigarettes and smokeless products. Shares of MO rallied 10.74% over the past twelve months. During the fourth quarter of 2020, Altria reported a $6.3 million revenue, up 4.9% versus the same period of 2019.
Published on February 27, 2021 at 9:17 am by Inan Dogan, PhD
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