Beverage Companies of 2020
(Video courtesy of Getty Images/Oleksandr Hruts)
2020 also saw bottled water continue it volume edge over its counterparts as the category posted a 4.2% volume increase, according to BMC data. For the 16th consecutive year, carbonated soft drinks recorded declining volume ― down 4.7 percent. In terms of growth, the beverage market continues to see strong performances across other traditional liquid refreshment categories. For instance, value-added waters experienced volume increases of 5.7%, while ready-to-drink (RTD) coffee posted volume growth of 17.3%, based on BMC data.
The beverage alcohol market faced significant hurdles as the pandemic seemingly halted on-premise performance in the past 15 months; however, with the shutdown, the market saw American consumers shift to off-premise consumption. Although beer and wine experienced soft volume performance ― beer down 0.1% and wine up 1.8% ― the spirits category led alcohol growth with a 4% increase.
Taking all of these factors into account, Beverage Industry’s Top 100 Beverage Companies report, based on 2020 fiscal year sales, reflects the ebbs and flows that different factions of alcohol and non-alcohol beverage market experienced in less than normal times.
* Beverage Industry estimate
† All operating units, including non-beverages
§ Refreshments and ice cream
^ Bottled water only
§§ Americas Simple Meals and Beverages
^^ Glanbia Performance Nutrition division
†† Mike's Hard Lemonade Co. division
^^^Tea only
§§§ Abbott Nutritionals only
Beverage Industry's Top 100 List is based on worldwide sales for U.S. companies and foreign-held companies that have significant sales in the United States. Figures represent published sales for public companies, voluntarily disclosed sales from private companies, and estimates based on industry sources and publicly available business reporting sources.
Significant Events
(Image courtesy of Getty Images/kalender)
* Beverage Industry estimate
† All operating units, including non-beverages
§ Refreshments and ice cream
^ Bottled water only
§§ Americas Simple Meals and Beverages
^^ Glanbia Performance Nutrition division
†† Mike's Hard Lemonade Co. division
^^^Tea only
§§§ Abbott Nutritionals only
Beverage Industry's Top 100 List is based on worldwide sales for U.S. companies and foreign-held companies that have significant sales in the United States. Figures represent published sales for public companies, voluntarily disclosed sales from private companies, and estimates based on industry sources and publicly available business reporting sources.
Significant Events
(Image courtesy of Getty Images/Moyo Studio)
* Beverage Industry estimate
† All operating units, including non-beverages
§ Refreshments and ice cream
^ Bottled water only
§§ Americas Simple Meals and Beverages
^^ Glanbia Performance Nutrition division
†† Mike's Hard Lemonade Co. division
^^^Tea only
§§§ Abbott Nutritionals only
Beverage Industry's Top 100 List is based on worldwide sales for U.S. companies and foreign-held companies that have significant sales in the United States. Figures represent published sales for public companies, voluntarily disclosed sales from private companies, and estimates based on industry sources and publicly available business reporting sources.
Significant Events
(Image courtesy of Getty Images/petrenkod)
June 2021 | bevindustry.com
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