Inflation has persistently remained near the multi-decade high level despite the Fed’s multiple interest rate hikes this year. Also, investors expect the economy to witness a recession soon.
However, the inelastic demand for beverages helps their markers survive inflationary and recessionary environments well without majorly impacting their revenues. According to Statista, the revenue in the worldwide Beverages segment is expected to reach $233.90 billion in 2022.
