[Ranking] TOP 25 Soft Drinks / Food and Beverage Companies Q3/2023
Intro
Soft drinks is a sub-industry within the larger Food and Beverage sector, playing a critical role in the worldwide economy. These beverages have become an essential part of our daily lives, offering refreshment and enjoyment to millions of people around the globe.
With its profound influence, the soft drinks industry has ripple effects across diverse sectors. From agriculture and packaging to marketing and retail, the impact of this industry extends far beyond the production and distribution of beverages. It drives innovation, creates jobs, and fuels economic growth in many regions.
The economic magnitude of the soft drinks industry is substantial and continues to grow. In recent years, the global market for soft drinks has witnessed a significant upward trajectory, with consumers embracing new flavors, healthier options, and innovative packaging. This industry generates billions of dollars in revenue and offers immense opportunities for both established companies and emerging players.
Currently, the soft drinks industry is experiencing various trends, breakthroughs, and obstacles that are shaping its landscape. Consumers are increasingly conscious about their health and wellness, leading to a rise in demand for low-sugar, natural, and functional beverages. Furthermore, sustainability and environmental concerns are driving companies to explore eco-friendly packaging solutions and reduce their carbon footprint.
The soft drinks industry operates within an ever-changing landscape, influenced by evolving consumer preferences, technological advancements, and regulatory developments. As consumers' tastes and expectations continue to evolve, the industry must adapt to meet these changing demands. In this article, we will explore the top companies in the soft drinks industry, highlighting their contributions and strategies in this dynamic and competitive market.
Ranking
#25 Arizona Beverages
Employees: 1.6K
Revenue: 500M$
Website: https://www.drinkarizona.com
Description: Arizona Beverages is a renowned player in the soft drink industry, specializing in the production and distribution of various flavored beverages. Headquartered in Woodbury, United States, the company was founded in 1992. With a workforce of approximately 1.6 thousand employees, Arizona Beverages has established itself as a prominent player in the market. The company generates an impressive revenue of 500 million dollars annually. Arizona Beverages offers a wide range of soft drink products, including iced teas, energy drinks, and fruit juices. With its commitment to quality and innovation, Arizona Beverages continues to be a favorite choice among consumers worldwide.
#24 Parle Agro
Employees: 2K
Revenue: 600M$
Website: https://www.parleagro.com
Description: Parle Agro is a leading company in the Soft Drinks industry, specializing in the production and distribution of a wide range of beverages. Headquartered in Mumbai, India, Parle Agro has been operating since its establishment in 1984. With a workforce of approximately 2,000 employees, the company has achieved significant success and growth. Parle Agro's revenue is estimated to be around 600 million U.S. dollars. The company is known for its popular brands such as Frooti, Appy, and Appy Fizz, which have gained a strong presence in the market. Parle Agro continues to innovate and expand its product offerings, aiming to meet the evolving consumer demands in the Soft Drinks industry.
#23 Big Red
Employees: 1.5K
Revenue: 850M$
Website: https://www.bigred.com
Description: Big Red is a renowned soft drink company operating in the Food and Beverage industry. With its headquarters located in Plano, United States, Big Red has been in operation since 1937. The company has approximately 1.5 thousand employees, who work diligently to produce and distribute their range of soft drinks. Big Red has achieved significant success, generating an estimated revenue of 850 million dollars. Known for their unique and flavorful beverages, Big Red continues to be a popular choice among consumers in the soft drink market.
#22 Ocean Spray
Employees: 1.5K
Revenue: 1.2B$
Website: https://www.oceanspray.com
Description: Ocean Spray is a leading soft drink company in the food and beverage industry. With its headquarters located in Lakeville, United States, the company has been in operation since 1930. Ocean Spray employs approximately 1,500 employees and generates a revenue of 1.2 billion dollars. The company specializes in producing a wide range of soft drinks, including cranberry juice, fruit juices, and juice blends. Ocean Spray is known for its commitment to quality and innovation in the soft drink industry, offering a variety of refreshing and healthy beverage options to consumers worldwide. Visit their website at https://www.oceanspray.com for more information.
#21 Britvic
Employees: 4.1K
Revenue: 1.5B$
Website: https://www.britvic.com/
Description: Britvic is a leading soft drinks company based in Hemel Hempstead, United Kingdom. Since its founding in 1948, the company has grown to become a major player in the food and beverage industry. With a workforce of approximately 4,100 employees, Britvic operates in the soft drinks sector, offering a wide range of beverages including juices, carbonated drinks, and bottled water. The company's revenue stands at around 1.5 billion dollars, making it a significant player in the market. Britvic's commitment to quality and innovation has contributed to its success in the highly competitive soft drinks industry.
#20 National Beverage
Employees: 2.5K
Revenue: 1.8B$
Website: https://www.nationalbeverage.com
Description: National Beverage, headquartered in Fort Lauderdale, Florida, is a leading player in the soft drinks industry in North America. Founded in 1985, the company has grown to employ approximately 2,500 employees across its operations. With an annual revenue of 1.8 billion dollars, National Beverage is known for its diverse portfolio of soft drink brands that cater to a wide range of consumer preferences. The company's commitment to quality and innovation has helped it establish a strong presence in the highly competitive soft drinks market. Through its extensive distribution network, National Beverage reaches millions of consumers with its refreshing and flavorful beverages.
#19 Embotelladora Andina
Employees: 17K
Revenue: 2.3B$
Website: https://www.embotelladoraandina.com/
Description: Embotelladora Andina is a leading company in the Soft Drinks industry, operating in South America. With its headquarters in Santiago, Chile, the company has been serving customers since its establishment in 1946. With a workforce of approximately 17,000 employees, Embotelladora Andina is committed to delivering high-quality soft drinks to consumers. The company has achieved significant revenue growth, reaching 2.3 billion dollars annually. Embotelladora Andina's success in the industry can be attributed to its dedication to customer satisfaction and its ability to adapt to changing market trends.
#18 Cott Corporation
Employees: 8.5K
Revenue: 2.3B$
Website: https://www.cott.com
Description: Cott Corporation is a leading beverage company operating in the Soft Drinks industry. Headquartered in Tampa, United States, the company was founded in 1955. With a workforce of approximately 8,500 employees, Cott Corporation specializes in the production, marketing, and distribution of a wide range of beverages, including carbonated soft drinks, sparkling and flavored waters, energy drinks, and ready-to-drink teas. The company serves both retail and foodservice customers, offering private label and branded products. Cott Corporation has achieved significant revenue growth, generating approximately 2.3 billion dollars in annual revenue. With its commitment to innovation and customer satisfaction, the company continues to expand its presence in the competitive Soft Drinks industry.
#17 Refresco Group
Employees: 10K
Revenue: 2.5B$
Website: https://www.refresco.com/
Description: Refresco Group is a leading soft drinks company based in Rotterdam, Netherlands. With its headquarters in Europe, Refresco operates in the Food and Beverage industry, specifically focusing on the production and distribution of soft drinks. The company was founded in 1999 and has since grown to employ approximately 10,000 employees worldwide. Refresco generates an annual revenue of around 2.5 billion US dollars. With a strong presence in the market, Refresco plays a crucial role in the production and supply of soft drinks, catering to the global demand for refreshing beverages.
#16 Dr Pepper Snapple Group
Employees: 20K
Revenue: 2.5B$
Website: https://www.drpeppersnapplegroup.com/
Description: Dr Pepper Snapple Group, headquartered in Plano, United States, is a leading player in the Soft Drinks industry. Founded in 2008, the company has grown to employ approximately 20,000 people globally. With a revenue of 2.5 billion dollars, Dr Pepper Snapple Group specializes in the production and distribution of a wide range of soft drinks, including popular brands like Dr Pepper, Snapple, and 7UP. The company operates in North America, offering a diverse portfolio of carbonated beverages, juices, teas, and mixers. Dr Pepper Snapple Group focuses on delivering high-quality and innovative products to meet the ever-evolving consumer demands in the competitive soft drinks market.
#15 F&N Holdings
Employees: 10K
Revenue: 2.5B$
Website: https://www.fn.com.sg
Description: F&N Holdings, headquartered in Singapore, is a leading player in the Soft Drinks industry in Asia. The company was founded in 1883 and currently employs approximately 10,000 people. With a revenue of 2.5 billion dollars, F&N Holdings has established itself as a major player in the market. Focusing on the production and distribution of soft drinks, the company offers a wide range of popular beverages to consumers. F&N Holdings is known for its commitment to quality and innovation, continuously introducing new and exciting products to cater to evolving consumer preferences. With its strong presence in the market, F&N Holdings continues to expand its reach and maintain its position as a key player in the Soft Drinks industry.
#14 Nongfu Spring
Employees: 20K
Revenue: 4.1B$
Website: https://www.nongfuspring.com/
Description: Nongfu Spring, headquartered in Hangzhou, China, is a leading player in the soft drinks industry. Founded in 1996, the company has grown to become one of the largest beverage producers in China. With a workforce of approximately 20,000 employees, Nongfu Spring is known for its high-quality natural spring water products. The company's revenue stands at an impressive 4.1 billion dollars, making it a major player in the global food and beverage market. Nongfu Spring's commitment to quality and innovation has earned it a strong reputation in the industry, and its wide range of soft drinks cater to diverse consumer preferences.
#13 Monster Beverage
Employees: 3.4K
Revenue: 4.2B$
Website: https://www.monsterbevcorp.com
Description: Monster Beverage, headquartered in Corona, United States, is a leading player in the Soft Drinks industry. Founded in 2002, the company has grown to employ approximately 3.4 thousand employees. With a revenue of 4.2 billion dollars, Monster Beverage is known for its popular energy drinks and other soft drink products. The company operates in North America and various international markets, offering a wide range of beverages that cater to different consumer preferences. With a strong presence in the industry, Monster Beverage continues to innovate and expand its product portfolio to meet the evolving needs of consumers worldwide.
#12 Lotte Chilsung Beverage
Employees: 10K
Revenue: 5B$
Website: https://www.lotte.co.kr/eng/main.do
Description: Lotte Chilsung Beverage is a South Korean company headquartered in Seoul. Founded in 1950, the company operates in the Soft Drinks industry, a subsidiary of the Food and Beverage industry. Lotte Chilsung Beverage has approximately 10,000 employees and generates an annual revenue of 5 billion US dollars. The company is known for its wide range of soft drink products, including carbonated beverages, fruit juices, and bottled water. Lotte Chilsung Beverage has established itself as a prominent player in the South Korean market and has expanded its presence globally through strategic partnerships and acquisitions. With a focus on innovation and quality, Lotte Chilsung Beverage continues to be a leader in the soft drinks industry.
#11 Red Bull
Employees: 13.4K
Revenue: 6.1B$
Website: https://www.redbull.com/
Description: Red Bull, headquartered in Fuschl am See, Austria, is a leading player in the soft drinks industry. Since its founding in 1987, Red Bull has become famous for its energy drinks, which are popular worldwide. With a workforce of approximately 13,400 employees, the company has successfully established its brand and captured a significant market share. Red Bull's revenue stands at an impressive 6.1 billion US dollars, reflecting its strong performance in the industry. The company's website provides further information on its products, promotions, and events, showcasing its commitment to engaging with consumers and maintaining its position as a key player in the soft drinks market.
#10 Hangzhou Wahaha Group
Employees: 80K
Revenue: 10B$
Website: https://www.wahaha.com.cn
Description: Hangzhou Wahaha Group is a leading player in the Soft Drinks industry. Headquartered in Hangzhou, China, the company was founded in 1987. With a workforce of approximately 80,000 employees, Wahaha Group operates in the production and distribution of a wide range of soft drinks, including bottled water, fruit juices, and carbonated beverages. The company has achieved significant success and has become one of the largest beverage companies in China. Wahaha Group's revenue is estimated at 10 billion US dollars, solidifying its position as a major player in the global soft drinks market.
#9 Keurig Dr Pepper
Employees: 25K
Revenue: 11.1B$
Website: https://www.keurigdrpepper.com/
Description: Keurig Dr Pepper is a leading beverage company operating in the Soft Drinks industry. Headquartered in Burlington, United States, the company was founded in 2018 through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. With approximately 25,000 employees, Keurig Dr Pepper offers a diverse portfolio of soft drinks, including popular brands like Dr Pepper, Snapple, 7UP, A&W, Canada Dry, and Sunkist. The company's products are enjoyed by millions of consumers worldwide. Keurig Dr Pepper has achieved significant revenue growth, with annual revenues reaching 11.1 billion dollars. Committed to innovation and sustainability, Keurig Dr Pepper continues to introduce new and exciting beverage options to meet the evolving preferences of its customers.
#8 Ambev
Employees: 50K
Revenue: 15B$
Website: https://www.ambev.com.br/
Description: Ambev, headquartered in São Paulo, Brazil, is a leading company in the Soft Drinks industry. Founded in 1999, it has grown to become one of the largest beverage companies in South America. With approximately 50,000 employees, Ambev is dedicated to producing and distributing a wide range of soft drink products. The company's portfolio includes popular brands such as Guaraná Antarctica, Pepsi, and Lipton Ice Tea. Ambev's commitment to quality and innovation has contributed to its success, with annual revenues reaching 15 billion dollars.
#7 Suntory Beverage & Food
Employees: 40K
Revenue: 20B$
Website: https://www.suntory.com/
Description: Suntory Beverage & Food is a leading player in the Soft Drinks industry. Headquartered in Tokyo, Japan, the company has a rich history dating back to 1899. With 40,000 employees, Suntory Beverage & Food is committed to providing a wide range of high-quality soft drinks to consumers globally. The company's portfolio includes popular brands such as Pepsi, Orangina, and Lucozade. Suntory Beverage & Food has achieved significant success in the industry, generating an impressive annual revenue of 20 billion dollars. With its strong presence in the market, Suntory Beverage & Food continues to innovate and deliver refreshing beverages to satisfy consumer preferences.
#6 Kirin Holdings
Employees: 34K
Revenue: 21.6B$
Website: https://www.kirinholdings.co.jp/english/
Description: Kirin Holdings, headquartered in Tokyo, Japan, is a leading player in the Soft Drinks industry. With a history dating back to 1885, Kirin Holdings has established itself as a key player in the market. The company operates a wide range of soft drink brands, offering various beverages such as carbonated drinks, tea, and fruit juices. With over 34,000 employees, Kirin Holdings has a strong workforce dedicated to producing high-quality soft drinks. In terms of revenue, the company generated approximately 21.6 billion dollars, making it one of the top players in the industry. Kirin Holdings continues to innovate and expand its product portfolio to meet the evolving consumer demands in the soft drinks market.
#5 Asahi Group Holdings
Employees: 30K
Revenue: 24B$
Website: https://www.asahigroup-holdings.com/en/
Description: Asahi Group Holdings is a leading company in the Soft Drinks industry. Headquartered in Tokyo, Japan, the company was founded in 1949. With a workforce of approximately 30,000 employees, Asahi Group Holdings has established itself as a major player in the industry. The company operates a wide range of soft drink brands, offering refreshing beverages to consumers worldwide. Asahi Group Holdings has achieved significant revenue growth, with annual revenue reaching 24 billion dollars. Committed to innovation and quality, the company continues to expand its product portfolio and maintain its position as a key player in the global soft drinks market.
#4 Danone
Employees: 100K
Revenue: 25B$
Website: https://www.danone.com
Description: Danone, headquartered in Paris, France, is a leading player in the soft drinks industry. Founded in 1919, the company has grown to become a global leader in the food and beverage sector. With approximately 100,000 employees, Danone operates in over 120 countries worldwide. The company's soft drinks portfolio includes popular brands like Evian, Volvic, and Badoit, offering a wide range of still and sparkling beverages. Danone is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including the use of eco-friendly packaging and water conservation measures. With annual revenue of 25 billion dollars, Danone continues to innovate and provide consumers with refreshing and healthy beverage options.
#3 Fomento Economico Mexicano SAB De CV (FEMSA)
Employees: 320K
Revenue: 27.1B$
Website: https://www.femsa.com/
Description: Fomento Economico Mexicano SAB De CV (FEMSA) is a leading company in the Soft Drinks industry, operating primarily in Mexico. With its headquarters in Monterrey, Mexico, FEMSA has a strong presence in the North American market. The company was founded in 1890 and has grown to become one of the largest beverage companies in the region. FEMSA operates through its subsidiary Coca-Cola FEMSA, which is the largest franchise bottler of Coca-Cola products in the world. The company's focus on soft drinks has allowed it to establish a strong position in the food and beverage industry, with a wide range of popular brands under its portfolio. With an estimated 320,000 employees, FEMSA generates an impressive annual revenue of 27.1 billion dollars.
#2 Coca-Cola
Employees: 86K
Revenue: 37.3B$
Website: https://www.coca-colacompany.com/
Description: Coca-Cola is a leading company in the Soft Drinks industry. With its headquarters located in Atlanta, United States, the company has a rich history dating back to its founding in 1892. Coca-Cola employs approximately 86,000 individuals worldwide, making it a significant player in the industry. The company's revenue is estimated to be around 37.3 billion dollars, highlighting its financial strength and market presence. Coca-Cola's diverse range of soft drinks, including its iconic Coca-Cola brand, provides refreshing beverages to consumers around the globe. With its extensive distribution network and strong brand recognition, Coca-Cola continues to be a dominant force in the Soft Drinks industry.
#1 PepsiCo
Employees: 267K
Revenue: 74.2B$
Website: https://www.pepsico.com/
Description: PepsiCo, headquartered in Purchase, United States, is a leading company in the Soft Drinks industry. Founded in 1965, the company has a workforce of approximately 267,000 employees. With a revenue of 74.2 billion US dollars, PepsiCo operates globally and offers a wide range of soft drinks, including popular brands like Pepsi, Mountain Dew, and Gatorade. The company's commitment to innovation and sustainable practices has enabled it to maintain its position as one of the top players in the food and beverage industry. Through continuous product development and strategic partnerships, PepsiCo continues to meet the evolving needs of consumers and drive growth in the soft drinks market.
Summary
The soft drinks sub-industry within the food and beverage sector has seen significant growth in recent years, with several companies emerging as leaders in the market.
One unexpected finding is the increasing popularity of healthier beverage options, such as low-sugar and natural ingredient drinks, which have gained traction among health-conscious consumers.
Among the premier companies in the soft drinks industry are major players like Coca-Cola, PepsiCo, and Dr Pepper Snapple Group.
These leading firms share a focus on product innovation, extensive distribution networks, and strong marketing strategies to drive their success.
What sets these eminent companies apart from their rivals is their ability to adapt to changing consumer preferences and introduce new flavors and packaging options to attract a wide range of customers.