Based in Lauderdale, Fla., Splash Beverage Group, Inc. (SBEV) specializes in manufacturing, distribution, and sales and marketing of various beverages across multiple channels. SBEV operates in both alcoholic and non-alcoholic beverage segments. The company also operates its own vertically integrated business-to-business and business-to-consumer e-commerce distribution platform called Qplash. Its brands include TapouT, SALT, Copa di Vino, and Pulpoloco Sangria.
The global beverage market has been growing with the rise in consumer spending due to rising levels of disposable income, changing tastes and preferences, and evolving lifestyles. According to a report by PipeCandy, the global beverage industry is expected to grow at a 4% CAGR to $1.96 trillion by 2024.
