In this article we are going to list the top 5 fastest growing beverage brands in 2020. For a detailed coverage of this topic and a more comprehensive look, please head on over to the 15 fastest growing beverage brands in 2020.
5. Chobani Smoothies
Chobani is a US based private food and beverage company that specializes in strained yogurt. It was founded in 2005 by Hamdi Ulukaya and has grown since both in terms of popularity and profits. Although, over the years the company’s focus has been its Greek yogurts but more recently the company’s smoothies have become quite popular amongst consumers and have helped Chobani reach higher growth rates. The company sales growth rate in terms of dollars was 7.6% while the growth rate in terms of volume was 8.8%.
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4. Starbucks Corporation (NASDAQ: SBUX)
Starbucks Corporation was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker who later sold the company to Howard Schultz. Starbuck is a world-famous premium coffee brand which has a presence in more than 70 countries and almost about 30,000 location. The company experienced an average revenue increase of 10.98% and was reported to have one of the best revenue growths in the restaurant industry. Through its aggressive expansion strategy and a wide selection of beverages the company growth rate is expected to be up for a few more decades.
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3. Stok Cold Brew-Danone
Stok Cold Brew makes it on our list because it is the fastest growing coffee beverage in the world as of the year 2020. The brand is owned by Danone which is a French multinational food and beverages company. The brand is sold in the US by Danone North America. The Stok Cold Brew is most famous around the world for being a smooth brew without the sweet taste of most cold coffees. Stok targets a new, younger generation of coffee lovers around the globe.
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2. Fiji Water & POM Wonderful-The Wonderful Company
The Wonderful Company is a private corporation which was founded in 1979 and was previously known as Roll Global. It is a Los Angeles, California based company with more than 4 billion in revenues. The company has many beverage divisions such as POM Wonderful and FIJI Water. The Wonderful Company is one of the fastest growing company with an annual growth rate of 11.7% in 2020 with its beverage divisions contributing the most to its growth. Fiji Waters is the largest premium bottled water brand.
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1. Monster Beverage Corporation (NASDAQ: MNST)
Monster Beverage Corporation is our top company for our list of 15 fastest growing beverage brands in 2020. It is an American company owned by The Coca Cola Company. The company was founded in 1935 and was initially named Hansen’s and was a privately owned company. In 2012 Hansen’s changed its name to Monster Beverage. It was bought by The Coca Cola Company in 2015 and has grown rapidly right after that. In 2020, Monster Beverage reported a revenue growth of 12.89% which, although was less than its growth in the last year but still quite high in comparison to many of its competitors.
See also: 10 most expensive liquors in the world and 15 largest beer companies in the world
