Top Alcohol Stocks Fight For Share of Growing Market (SHNJF, EAST, WVVI, ICNB, ABEV)

Young female friends toasting glass after work

Technavio reports global alcohol market share is expected to increase by USD 393.26 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.23%. It is said that the increase in the popularity of the craft segment is notably driving the alcohol beverages market growth.  

Craft cocktails are gaining popularity with Gen Z.

Rogue Baron plc (OTCMKTS: SHNJF) produces a ‘highly drinkable’ Japanese Whiskey, that has won numerous awards. 

–Voted one of the “10 best whiskies to drink in 2020 and 2021” by

–Shinju won three awards at the 2021 Sante’ International Spirits Competition:

Double Gold

Best of Class

Best Whiskey

–Received a Gold Medal at the John Barleycorn International Spirits Awards, which is voted on by some of the world’s top journalists and industry professionals.

Rogue Baron plc (OTCMKTS: SHNJF) is a premium liquor brand developer that is angling to become the next multi-million dollar buyout success story.  Its award-winning Shinju Japanese Whiskey may be the best opportunity to attract one of the majors like Diageo plc or Constellation Brands.   

SHNJF just completed production on the first Shinju bottles made for Europe.  Shinju Whiskey will be in the U.K. market within the next 45 days, with another five EU countries committed, pending the arrival of more stock.

Japanese whisky sales in the UK rose by 232% in 2017 when the spirit made its initial mark.   Spirit investors could see SHNJF takeoff.

Learn more about SHNJF’s impressive resume here

Eastside Distilling Inc (NASDAQ:EAST) – The company is scheduled to release its first-quarter financial results after the market closes on Monday, May 16, 2022. The Company will host a conference call that same day, Monday, May 16 at 5:00pm ET to review the results.

Recently, the company closed a new secured credit facility of up to $3 million in available principal amount with TQLA, LLC.

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) – In the latest fiscal year, the company had net sales revenues of $31,786,864 and $27,314,852, an increase of $4,472,012 or 16.4% year-over-year.

Gross profit stood at $18,665,673 and $16,729,776 for the years ended December 31, 2021, and 2020, respectively, an increase of $1,935,897, or 11.6%, for the year ended December 31, 2021 over the prior-year period.

Net income was $2,445,463 and $3,394,996, for the years ended December 31, 2021, and 2020, respectively, a decrease of $949,533, or 28.0%, for the year ended December 31, 2021 over the prior-year period.

Iconic Brands Inc (OTCMKTS:ICNB) – Iconic Brands Inc is one of the leading names in the non-alcoholic and alcoholic beverages industry. The company is involved in the delivery, design, and development of such beverages.

It was in the news cycle back on March 31 when it announced that it had made seven new appointments to its sales team. Iconic Brads noted that the addition of new members was going to give a further boost to its sales strategy and the national product distribution network. It was also noted that the seven new members had a combined experience of 150 years in the sales industry.

Ambev SA (NYSE:ABEV) – Ambev SA, the Brazilian brewing company, is another stock that could come on to the radars of investors this year considering the fact that beer sales could make a strong rebound this year in the country.

Earlier on this month on April 14, the company’s Chief Executive Officer Jean JereissatiNeto stated the same. He stated that it was going to be a good year in terms of consumer demand. Bars have opened up again and people are returning to them again. In addition to that, the soccer World Cup is going to take place later on this year and that is expected to drive beer sales as well.

Compañía Cervecerías Unidas S.A (NYSE:CCU) – Last but certainly not least, investors who are looking into beverage stocks at this point could also consider keeping an eye on the Compañía Cervecerías Unidas stock. The company mainly operates in Chile, Bolivia, Paraguay, Colombia, Argentina and Uruguay.

It has extensive operations and its business is constituted by three segments, Chile, Wine, and International Business. It develops and sells both alcoholic as well as non-alcoholic beverages and remains one of the major players in South America at this point in time.