In this article, we are going to talk about the 15 Most Valuable Liquor Companies. You can skip our detailed discussion of trends in the alcohol industry and go to the 5 Most Valuable Liquor Companies.
The alcohol industry performed better than expected in 2020 as demand increased worldwide. According to a report, the global alcoholic beverages market was valued at USD 515.2 billion in 2019 and is projected to reach USD 614.7 billion at a compound annual growth rate (CAGR) of 7% from 2021 to 2023. In 2019, the largest major region of the global alcoholic beverages market was Asia-Pacific which accounted for 41% of the market. North America was the second largest region, accounting for 24% of the global alcoholic beverage market.
Increase in online demand
A report from the market research firm International wine and spirits registers, or IWSR, said online demand for alcohol in the United States is expected to jump more than 80% in 2020 as a result of the coronavirus outbreak. The report says online alcohol sales are expected to reach $5.6 billion in 2020, up from around $3 billion in 2019.
Another unexpected trend that favored alcohol companies in the United States and abroad was high consumer spending on spirits. A report by the Distilled Spirits Council said revenue for distillers in the United States jumped 7.7% to $31.2 billion in 2020. As people lacked trips, concerts and live sports matches , they treated themselves to more high-end food and spirits, boosting big distillers. revenue. The report adds that spirits priced above $40 per 750 milliliters accounted for 40% of growth in the U.S. spirits industry last year, up from 34% in 2019.
International Wine and Spirit Records said 44% of online alcohol shoppers in the United States only started buying alcohol online in 2020, up from 19% in 2019. Amid the pandemic, e-commerce stores have become a growing retail platform for alcoholic beverages across the globe. Alcohol e-commerce grew in almost every market this year, but some grew faster than others. China is the largest online alcohol market in the world, but its growth rate of 23% in 2019-2020 was relatively slower than that of the United States, United Kingdom, Australia and the United States. Brazil, as the online ecosystem for alcohol sales in China is already established and thriving with less avenue for growth.
Several companies have entered the alcohol industry to take advantage of changing trends. Uber (NYSE: UBER) recently acquired alcohol delivery service start-up Drizly in a $1.1 billion deal. Founded in 2012, Drizly has seen an exceptional 300% year-over-year growth in bookings from 2019 to 2020 and is already profitable. UBER shares are up 58.55% over the past twelve months.
Dramatic increase in alcohol consumption during the pandemic
According to a national survey conducted by RAND Corporation, overall alcohol consumption increased by 14% among adults over 30 years of age compared to the same period last year in the United States. According to another study published by Int J Environ Res Public Health, the main reasons for the increase in alcohol consumption were stress (45.7%), increased access to alcohol (34.4%) and boredom (30.1%). Respondents said the stress caused by the pandemic has led to an increase in alcohol consumption.
With typical malls closed and very limited supply at the start of the year, alcohol e-commerce will continue to play a key role throughout 2021.
To give you an accurate overview of the most valuable alcohol companies, we have ranked the global alcohol companies according to their market capitalization.
Let’s take a look at the most valuable liquor companies from issue 15.
15. Tsingtao Brewery Co Ltd
Market cap: $15.23 billion
Assets: $4.5 billion
Headquarters: Qingdao, China
Tsingtao Brewery ranks 15th on our list of 15 Most Valuable Liquor Companies. Tsingtao Brewery is China’s second largest brewing company after China Resources Enterprise in terms of revenue. As of 2014, the company has approximately 60 production sites in 20 directly controlled provinces and municipalities across China. In 2020, Tsingtao acquired Nestlé’s domestic water business. The agreement involves the transfer of ownership of local brand Dashan Yunnan Shan Quan and three factories based in Kunming, Yunnan province, Shanghai and Tianjin. During the third quarter of 2020, Tsingtao Brewery recorded revenue of $1.264 billion, an increase of 6.2% year-on-year.
14. Kirin Holdings (OTC: KNBWY)
Market cap: $16.8 billion
Assets: $22.2 billion
Headquarters: Tokyo, Japan
Japan’s second-largest brewer, Kirin, ranks 14th on our list of the 15 most valuable liquor companies. The company is engaged in the production of alcoholic and non-alcoholic beverages, as well as pharmaceuticals. Kirin reported revenue of $17.3 billion in the fourth quarter of 2020. According to Statista, Kirin Brewery held 27.6% of the Japanese beer market in 2017. KNBWY shares rose 2.91% over the past twelve months.
13. Asahi (OTC: ASBRF)
Market cap: $21.7 billion
Assets: $28.9 billion
Headquarters: Tokyo, Japan
Asahi is the largest beer manufacturer in Japan, which holds over 35% of the beer market, led by the Asahi Super Dry beer brand. The company also produces non-alcoholic beverages and food distributed worldwide. Asahi shares are up 11.51% over the past twelve months. During the fourth quarter of 2020, ASBRF recorded revenue of approximately $19 thousand.
Market cap: $24.5 billion
Assets: $18.5 billion
Headquarters: Copenhagen, Denmark
One of the most valuable liquor companies in the world is Carlsberg. The company manufactures and distributes beer, craft beer and non-alcoholic beer worldwide, primarily in Europe. During the fourth quarter of 2020, the Danish brewer Carlsberg achieved a turnover of 2.01 billion dollars. Additionally, the company experienced an 8.4% annual organic decline in revenue due to the pandemic. CABGY shares are up 21.86% over the past twelve months.
11. Chinese Resource Beer
Market cap: $28.73 billion
Assets: $6 billion
Headquarters: Hong Kong, Hong Kong
China Resources Beer is a major state-owned liquor maker and a primary subsidiary of China Resources (Holdings), a holding company that operates electricity, food and other businesses. China Beer Resources is famous for its “Snow” drink, which accounts for about 20% of China’s beer market. CRHKY shares are up 85.83% over the past twelve months. At the end of June 2020, China Resources Beer reported $2.4 billions in revenue.
10. Brown-Forman (New York stock market : BF.B)
Market cap: $34.98 billion
Assets: $5.5 billion
Headquarters: Louisville, Kentucky
Brown-Forman is the name of the most popular liquor brands such as Jack Daniel’s, Old Forester, El Jimador and Chambord. The company has approximately 40 brands of spirits, wines and ready-to-drink cocktails. During the fourth quarter of 2020, BF.B recorded net sales of $709 million, down 4% from $744 million in the same period of 2019.
9. Constellation Marks (New York stock market : ZST)
Market cap: $43.12 billion
Assets: $27.3 billion
Headquarters: Victor, NY
Constellation Brands has a portfolio of over 200 liquor brands, from imported beer to distilled spirits. The company has more than 45 manufacturing plants in North America, New Zealand, Chile, Europe, Australia and Asia. The company is known for its Corona Extra and Modelo Especial brands. At the end of November 2020, the company announced an increase in turnover of 21.94% or $2.4 billion year over year.
8. Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. (SHE: 002304.SZ)
Market cap: $46.42 billion
Assets: $7.3 billion
Headquarters: Suqian, China
Jiangsu Yanghe Group ranks 8th on our list of the 15 Most Valuable Alcohol Companies. The company produces and distributes alcoholic beverages in China and internationally. Yanghe recorded revenue of $368 million in the fourth quarter of 2020. Yanghe shares are up 97.62% over the past twelve months.
seven. Pernod Ricard
Market cap: $50.75 billion
Assets: $36.8 billion
Headquarters: Paris, France
Chivas Regal, Malibu and Cognac are just a few of the alcoholic beverages that make Pernod Ricard one of the most valuable liquor companies in the world. The company is the 6th the largest wine company in the world too. Pernod Ricard’s turnover falls 36.2% in the fourth quarter due to the impact of COVID-19 on travel retail. PDRDF shares are up 18.69% over the past twelve months.
6. Heineken NV (AMS: HEIA.AS)
Market cap: $59.92 billion
Assets: $52.2 billion
Headquarters: Amsterdam, The Netherlands
Heineken is one of the most popular beer brands stacked in your local store’s fridge. The Dutch brewery distributes beer and cider internationally. Heineken announced that its revenue for the year 2020 was $28.6 billion.
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Disclosure: none. 15 Most Valuable Companies is originally published on Insider Monkey.