The return of U.S. consumers to restaurants and tourist places amid the reopening of the economy should drive the demand for fresh and healthy beverages this summer. And because consumer tastes have been shifting towards health and wellness products since the pandemic, companies are striving to develop new products. The non-alcoholic beverages market is expected to grow at an 8.2% CAGR to $1.73 trillion by 2028. Therefore, we think both PEP and OTLY will benefit from the industry tailwinds.
In terms of their past three months’ performance, PEP is a clear winner with 4.5% gains versus OTLY’s negative returns. But which of these stocks is a better pick now? Let’s find out.