How to Play the Booming Beverage Industry: WTER, WVVI, ABEV, CCU
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…