As the world’s most popular alcoholic beverage, beer can be found in nearly every corner of the globe. But when it comes to the companies that have the largest slice of the pie, massive conglomerates continue to dominate sales year-over-year.
According to data collected and published by Business 2 Community (B2C), Anheuser-Busch InBev secured the largest share of the beer industry’s market in 2023 with a market capitalization of over $123 billion, despite Bud Light’s massive losses. The conglomerate — which owns over 500 brands including Budweiser, Corona, and Stella Artois — even maintained a market cap almost $40 billion higher than No. 2 Diageo.
U.K.-based Diageo, whose beer profile contains just Guinness, secured a total market cap of $83.24 billion. Rounding out the top three is Heineken with $53.29 billion in stock value.
B2C indicates that each of the top 10 largest beer companies have market caps exceeding $10 billion. With the global beer market expected to exceed $1,315 billion by 2031, it’s likely that these massive companies will only continue to grow.
Check out the full list of the world’s biggest beer companies ranked by market cap below.
Ranking
Company
Country
Market Cap
1
Anheuser-Busch InBev
Belgium
$123.15 billion
2
Diageo
United Kingdom
$83.24 billion
3
Heineken
The Netherlands
$53.29 billion
4
Constellation Brands
USA
$47.11 billion
5
Carlsberg Group
Denmark
$19.40 billion
6
Ashai Group Holdings
Japan
$18.04 billion
7
China Resources Beer
Hong Kong
$14.23 billion
8
Molson Coors
USA
$13.72 billion
9
Tsingtao Brewery Group
China
$12.35 billion
10
Kirin Holdings
Japan
$11.31 billion
The article The 10 Biggest Beer Companies in the World (2024) appeared first on VinePair.