The beverage industry is booming with rising sales led by ecommerce. Research and Markets reports the global food and beverages market is expected to grow at a CAGR of 7% from 2021 and reach $7527.5 billion in 2023. The biggest change pushing this growth is consumer driven alcohol sales in the ecommerce sector. The total value of alcohol ecommerce was expected to jump 42% in 2020 in just 10 markets to reach $24 billion.
Here are some plays that will benefit from this growth:
Rogue One Inc. (OTCMKTS:ROAG) is focused on tequila and other spirits. Its recent acquisition Human Brands International, has generated an average of 302% revenue growth annually since 2015 and has increased its asset holding by 2000%. These numbers will be reflected in ROAG’s next financial report which should be a major catalyst for the stock.
The Boston Beer Company, Inc. (NASDAQ:WTER) stock has seen witnessing high volatility over the past few months with a fall of over 11% over the past month. Moreover, the stock has fallen 4% so far this year. On Monday, WTER stock was up 0.88% to $1.14 with more than 1.46 million shares exchanged hands, above its average volume of 1.63 million shares.
Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) is another stock in the sector which has been showing consistent buying pressure over the past week. The stock has moved up 9% over the past week. However, the stock has jumped 40% over the past year. The stock is trading above 44% from its 52-week low and 46% away from its 52-week high.
Diageo plc (NYSE:ABEV) stock is witnessing a bit of selling pressure at higher level. ABEV stock ended lower by 5.10% to $2.61 with more than 17.08 million shares exchanged hands, below its average volume of 23.17 million shares. The stock is trading above 12% from its 52-week low and 32% away from its 52-week high. Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas.
Anheuser-Busch InBev SA/NV (NYSE:CCU) is another stock in the distillery sector which has been showing consistent rise. The stock has moved up 5% over the past one month. Moreover, the stock has jumped 10% in the past quarter. The stock is trading above 14% from its 52-week low and 18% away from its 52-week high.
