Are you interested in the 5 most valuable alcohol companies? Great! We are here to present you with Insider Monkey’s latest article on this issue. As of 2020, the alcohol industry performed better than it was expected. according to Insider Monkey’s investigation, the value of the global alcoholic beverage industry was $515.2 billion in 2019, and is expected to reach $614.7 billion between 2021 and 2023.
So what are the most valuable alcohol companies according to Insider Monkey? Keep up reading and we will serve you with information. Altria Group Inc. ranks fifth on the list with a market cap of $82.31 billion and total assets of $52.6 billion. Altria is headquartered in Richmond, Virginia. Altria Group is involved in wine business, as well as in producing cigarettes and smokeless products. Its shares rocketed 10.74% during the last one year, and as of the fourth quarter of 2020, the company announced a revenue of $6.3 million, 4.9% more than in the same period of 2019. Altria Group is followed by Diageo Plc on the fourth spot with a market cap of $97.06 billion and total assets of $42 billion. Diageo Plc is headquartered in London, United Kingdom. Diageo is among the leading alcoholic drinks manufacturing giants in the world. Its famous products are Johnnie Walker to Guinness, J&B to Captain Morgan, just to name a few. In 2020 the company reported to reduce producing so many plastic and bottle packages, and were making trials with paper whiskey bottles. These bottles are made of wood pulp an totally recyclable and will be introduced this spring. Its net sales were around £6.9 billion at the end of 2020. Due to the COVID-19 pandemic, its net organic sales went up by 1%. Wuliangye Yibin Co. Ltd. is on the second spot with a market cap of $189 billion and total assets of $14.9 billion.Wuliangye is headquartered in Yibin, China. The firm is China’s second-biggest baijiu producer by market cap. Wuliangye produces and sells distilled and blended liquors. As of 2020, the firm announced a 14% year-on-year increase. The company’s shares rocketed 136.37% in the past twelve months. For more information about most valuable alcohol companies, please click and jump to see the entire original article.