Top 10 Beverage Companies by Market Capitalization Worldwide
As of April 2025, the global beverage industry is dominated by players like The Coca-Cola Company ($312.09B market cap), Kweichow Moutai ($267.38B), and PepsiCo ($185.52B), collectively shaping consumer trends, economic output, and sustainability efforts. Coca-Cola, with sales of 33.3 billion drink cases in 2023 and operations in over 200 countries, generates half its value from sparkling soft drinks and 20% from diversified beverages. Kweichow Moutai, China's baijiu leader, reported 16% growth in 2024, expanding into alcohol-infused products like ice cream and coffee. PepsiCo earned $91.9B in 2024 but expects a 3% EPS decline in 2025. Other major players include FEMSA ($183.75B), the largest Coca-Cola bottler, AB InBev ($130.88B), which sold 575.7M hectoliters globally, and Starbucks ($95.25B), selling 4B coffee cups yearly with $21.88B in beverage revenue. Energy drink maker Monster saw $7.49B in 2024 net sales, while Diageo reported £16.2B in net sales despite a 0.2% volume dip. These firms not only drive global beverage consumption but also invest billions in marketing and innovation to maintain relevance in a competitive, health- and sustainability-conscious market.