Changing preferences of the new-age consumers and the increasing spending power of the millennials are among the most significant factors driving the beverage industry’s growth. Moreover, the growing trend of drinking at social gatherings is boosting demand. The industry is expected to enjoy incremental gains in the coming years.
So, fundamentally strong beverage stocks, The Coca-Cola Company (KO) and Primo Water Corporation (PRMW), which pay regular dividends, could be worth adding to your long-term portfolios.
