It is probably not surprising that the COVID-19 pandemic has benefited the alcoholic beverage business. We are anxious, depressed, stuck at home and increasingly able to have beer, wine, spirits and even prepared cocktails delivered to our doorstep. Among other things, many jurisdictions now allow restaurants to include alcohol in their take-out orders – and Uber recently paid $ 1.1 billion for the Drizly liquor delivery service. (It’s just one of the ways that the coronavirus impacts what and how we drink.)
Data collected by the RAND Corporation, the journal Psychiatry Research, and other authorities shows that overall alcohol consumption has increased nationwide and online ordering is a growing industry. And financial analyzes show that most of the world’s major alcohol companies are doing very well.
Insider Monkey financial blog just posted a list of the 15 most valuable liquor companies based on market capitalization (capitalization) – the value of the outstanding shares of each company.
Seven of them are based in Asia, with three of them primarily profiting from selling a drink that most Americans have never tasted, and may not have even heard of: baijiu, a clear, grain-based liquor whose sales exceed those of vodka, whiskey, or any other spirit in the world.
Only three of the 15 most valuable are headquartered in the United States, and one of them sells more tobacco than alcohol. Seven of the companies are known primarily for beer, including one company that sells several America’s most popular beer brands.
Whatever their specialties and wherever they come from, these 15 alcoholic beverage producers are responsible for some of the most famous brands in their intoxicating and profitable industry.
Click here to see the 15 Most Valuable Liquor Companies in the World.