Published on 19 Jun 2024 on Insider Monkey · via Yahoo Finance
Is Diageo plc (NYSE:DEO) the Best Large-Cap Alcohol Stock to Buy?
We recently compiled a list of the 10 Best Alcohol Stocks to Buy Now. Since Diageo plc (NYSE:DEO) is part of the list, we have discussed the stock in detail.
The Global Alcohol Industry:
In 2019, the global alcohol consumption, measured in liters of pure alcohol per person of 15 years of age or older, was 5.5 liters, which is a 4.7% relative decrease from 5.7 liters in 2010. As we mentioned in our article – 20 Most Consumed Alcohols in the World – the global alcoholic beverages market size was valued at $1.62 trillion in 2021 and is projected to reach $2 trillion by 2031, with a CAGR of 2.2% during the forecast period.