15 Most Valuable Alcohol Companies in the World
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 29 2024
0mins
Source: Yahoo Finance
Global Alcohol Industry:
- Global alcohol consumption decreased by 4.7% from 2010 to 2019, with the market valued at $1.62 trillion in 2021 and projected to reach $2 trillion by 2031.
- Beer is a key driver of the alcoholic beverages market globally, with North America and Asia-Pacific expected to dominate.
Impact of Covid-19:
- Alcohol sales surged during the pandemic, with off-premise sales increasing by 54% and online sales by 262% compared to 2019.
- U.S. Treasury Department saw an 8% rise in alcohol tax revenues in the fiscal year ending Sept. 30, 2021.
Recent Shifts in the Global Alcohol Market:
- A trend towards low- and no-alcohol beverages is growing, driven by health-conscious consumers, especially Millennials and Generation Z.
- Companies like Anheuser-Busch InBev and Diageo are investing in non-alcoholic products to meet this demand.
15 Most Valuable Alcohol Companies:
- Budweiser Brewing Company APAC Limited, Jiangsu Yanghe Brewery, and Brown-Forman Corporation are among the top companies based on market capitalization.
- Companies like Pernod Ricard SA and Heineken N.V. are leading premium spirits producers globally.
Insider Monkey's Insights:
- Insider Monkey tracks hedge fund movements and identifies top stock picks, offering valuable insights for investors looking for the best stocks to buy.
- The article provides details on the market capitalization and key operations of the top 15 most valuable alcohol companies in the world.
Analyst Views on BF.B
Wall Street analysts forecast BF.B stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BF.B is 29.53 USD with a low forecast of 27.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
1 Buy
4 Hold
4 Sell
Moderate Sell
Current: 27.930
Low
27.00
Averages
29.53
High
32.00
Current: 27.930
Low
27.00
Averages
29.53
High
32.00
About BF.B
Brown-Forman Corporation manufactures, distills, bottles, imports, exports, markets, and sells a variety of beverage alcohol products under brands. It has built a portfolio of more than 40 spirit, ready-to-drink (RTD) cocktails, and wine brands. Its brands include Jack Daniel’s Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomatico Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. Its Jack Daniel’s Family of Brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTD, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Apple, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Bonded Tennessee Whiskey, Jack Daniel’s Bonded Tennessee Rye, Jack Daniel’s Triple Mash Blended Straight Whiskey, Jack Daniel’s American Single Malt, and Jack Daniel’s 12 Year Old. It sells its products in over 170 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
