This article discusses the 6 Largest Soda and Soft Drink Companies in The World. If you want to get detailed analysis on the soft drinks market, you can head on to 16 Largest Soda and Soft Drink Companies in The World.
6. Celsius Holdings, Inc. (NASDAQ:CELH)
Market Capitalization: $22.37 billion
In its latest financial overview of year 2023, Celsius Holdings, Inc. (NASDAQCM:CELH), a top producer of nutritional functional foods and beverages, reported record fourth-quarter revenue of $347 million, a 95% increase from the prior year. The surge was mainly driven by a remarkable 97% growth in North American revenue, totaling $333 million. This achievement by Celsius Holdings, Inc. (NASDAQCM:CELH) was fueled by expanded distribution points and a higher number of SKUs per location.
5. Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)
Market Capitalization: $33.07 billion
Coca-Cola Europacific Partners plc (CCEP), formerly known as Coca-Cola European Partners (2016–2021), is a British-American company that was established through the amalgamation of the three principal bottling entities for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A., and Coca-Cola Erfrischungsgetränke AG, along with one bottling company in Asia-Pacific, Coca-Cola Amatil.
Following the most recent financial results, Coca-Cola Europacific Partners PLC (NASDAQGS:CCEP) performance has garnered the attention of 15 analysts, who are now forecasting revenues of $22.31 billion by 2024. Should this projection materialize, it would signify an 11% revenue increase from the previous 12 months. Additionally, statutory earnings per share are anticipated to rise by 7.3% to $4.27.
4. Keurig Dr Pepper Inc. (NASDAQ:KDP)
Market Capitalization: $40.10 billion
Dr Pepper Snapple Group used to be this big American soft drink company from Texas, but now it’s part of Keurig Dr Pepper since July 2018. Here are the highlights for the full year 2023: They had some solid mid-single-digit growth in net sales, mainly driven by their U.S. Refreshment Beverages and International segments. Their adjusted diluted EPS also grew by 6%, just as they expected, thanks to some cool changes in their earnings mix. Plus, they saw some good market share gains in categories that cover about 85% of their portfolio in the U.S. Refreshment Beverages.
3. Monster Beverage Corporation (NASDAQ:MNST)
Market Capitalization: $63.32 billion
So, Monster Beverage is all about those energy drinks, soft drinks, and other cool beverages. They’re based in Corona, California, and have been around since 1935 when they started as Hansen’s Juices. Since 2012, they’ve been operating under Monster Beverage Corporation. Monster owns the Blue Sky Beverage Company, where they make a bunch of awesome soft drinks.
For the fourth quarter of 2023 ending 31 December, their net sales jumped by 14.4% to $1.73 billion from the previous year. Unfortunately, changes in foreign exchange rates hit them for $27.1 million, but when you adjust for that, their net sales were up by 16.1%.
2. PepsiCo, Inc. (NASDAQ:PEP)
Market Capitalization: $227.19 billion
PepsiCo, Inc. is like the big boss in the food, snack, and beverage world, with its headquarters in Harrison, New York. They cover everything in the market, from chips to drinks. In full year 2023, they brought in a whopping $91.5 billion in revenue, showing a nice 5.9% increase from the year before. Their net income also went up by 1.8% to $9.07 billion. Their profit margin stayed steady at 9.9%, holding strong like the year before.
1. The Coca-Cola Company (NYSE:KO)
Market Capitalization: $263.58 billion
The Coca-Cola Company has been around since 1892, making that good old Coca-Cola we all know. They’re not just about the fizzy stuff, though. They also whip up other non-alcoholic drinks and even some boozy ones.
In the last quarter of 2023 ending 31 December, their net revenues rose by 7% to a whopping $10.8 billion, with their organic revenues (that’s the non-GAAP measure) going up by 12%. This growth was fueled by a 9% bump in price/mix and a 3% increase in concentrate sales. Plus, they got lucky with an extra day in the quarter, giving a little boost to their revenue growth. For the whole year, they tallied up a 6% increase in net revenues, hitting $45.8 billion. Their organic revenues also shot up by 12%, with a 10% boost in price/mix and a 2% rise in concentrate sales.
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