Democratic Progressive Party presidential candidate Lai Ching-tae, accompanied by William, cast his vote in the election in the southern Taiwanese city of
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.