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With restaurants and tourist places witnessing increasing foot traffic, now that travel restrictions are being eased gradually, the non-alcoholic beverage industry is seeing increasing demand for healthy, refreshing, and ready-to-drink beverages. Both fountain retailers and e-commerce platforms are witnessing rising demand for such beverages. The non-alcoholic beverages market is expected to grow at an 8.2% CAGR to $1.73 trillion by 2028. Moreover, being part of the consumer defensive industry, shares of beverage companies are witnessing increasing investor attention amid the market volatility. So, both KO and KDP are expected to benefit.
While KDP has gained 16.5% over the past year, KO surged 7.4%. In terms of their past nine months’ performance, KDP is a winner with a 3.6% gain versus KO’s marginal return. But which of these stocks is a better pick now? Let’s find out.
