Beverage industry has transformed into a vast and gigantic industry due to the large number of consumers. This industry is subdivided into two types, alcoholic beverages, and non-alcoholic beverages. The two of these types are abundantly available in the market and people spend a good amount of money to drink while hanging out with friends or during dine out. There are various companies around the world which are selling different types of beverages. Some are selling juices and carbonated drinks while some other brands are selling coffee, tea and similar types. During the pandemic, people were actively spending a huge chunk of money on these beverages because there was restriction on our outdoor activities. So, people spent time with their friends and loved ones while staying safe. The beverage industry is now a mature industry with fewer opportunities for new entrants. It is because this industry grew at a very rapid pace during the past 1 decade, leaving no room for new companies. Some of the beverage brands have become popular brands around the globe. In this article, we will share interesting details about Top 10 Growing Beverage Brands as shared by Insider Monkey in one of their articles, posted on Yahoo.
One of the most popular beverage brands across the US is Starbucks Corporation. It was established way back in the year 1971 by Zev Siegl, Jerry Baldwin and Gordon Browker. Later, this company was sold out to Howard Schultz. It is a reputable coffee brand with presence in over 70 countries with around 30,000 outlets. As per available data, the company reported a growth of 10.98% which is one of highest growth within the restaurant and hospitality industry. At present, Starbucks is expanding at a very fast pace within the US as well as globally. Another popular beverage brand is Chobani Smoothies. It is headquartered in the US and the core business of the company is related to the food and beverage area. Chobani Smoothies is popular for its special yogurt type. The company came into being in the year 2005 and since then, it witnessed both growth as well as popularity. In the past, the company focused on Greek-style yogurts but now, it has expanded to smoothies as well. With the expansion in the beverage industry, Chobani has become more popular among youngsters. According to sources, the sales growth of the company currently stands at 7.6%. You can find more information about various other companies in this article 15 Fastest Growing Beverage Brands in 2020.