Alcohol companies

The World’s 15 Largest Liquor Companies – 24/7 Wall St.

It will probably come as no surprise that the COVID-19 pandemic has been good for the liquor trade. We are anxious, depressed, stuck at home and increasingly unable to have beer, wine, spirits and even pre-made cocktails delivered to our door. Among other things, many jurisdictions now allow restaurants to include alcohol in their takeout orders — and Uber recently paid $1.1 billion for alcohol delivery service Drizly. (This is just one of the ways the coronavirus is impacting what and how we drink.)

Data collected by the RAND Corporation, the journal Psychiatry Research and other authorities show that overall alcohol consumption has increased nationwide and online ordering is a growing industry. And financial analyzes reveal that most of the world’s major alcohol companies are doing very well.

The Insider Monkey financial blog has just published a list of the 15 most valuable liquor companies based on market capitalization (cap) – the value of each company’s outstanding shares.

Seven of them are based in Asia, three of which profit primarily from the sale of a drink that most Americans have never tasted or perhaps 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 primarily known for beer, including one company that sells several of the most popular beer brands in america.

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.