Beverage Industry Set To Bounce Back In 2021, Provided Bars Can Open: Moody's
The global beverage industry is likely to grow by high-single to low-double-digit percentage points over the next 12 to 18 months, provided bars and other away from home venues can open, Moody's has said.
This outlook follows 'unprecedented declines' in the first half of 2020, and a second half which is likely to similarly show declines, albeit with a 'sequential improvement' on H1.
"Growth will accelerate in 2021 assuming away from home venues are open, but we do not expect beverage companies' EBITDA to return to 2019 levels until 2022," said Moody's Investors Service analyst Linda Montag.
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