Corona has been a Mexican beer brand since 1925. It is headquartered at Leuven, with a brand value of $11.4 billion.

It has been a top seller of imported drinks in the US market and globally with the Mexican brand, which means “crown .”

The brand is owned by the Belgian company AB InBev and produced by the Mexican brewery Cervecería Modelo. The company is spread over 120 countries.

The brand’s most popular variant is Corona Extra, a pale lager that is one of the best-selling beers globally. The volume sales of 24m hectoliters(2016). Since 1998, Corona Extra has been the best-selling imported drink in the United States. Corona Light, Corona Premier, and Corona Familiar are different brand varieties. 

Corona’s competitors:

1. Budweiser

Carl Conrad & Co. of St. Louis, Missouri, introduced Budweiser in 1876, and it has since become one of the most popular beers in the United States.

It has an alcohol content of 5%.In 2021, the company’s total value was 16.17 billion US dollars. The potent variant retains some of those benefits, plus you’ll get a nice effect while you’re at it.

It also has a popular light version with a smooth taste and crispy texture. It also works under distilled, brewers, and wineries sectors and generates 74% revenue.

2. Heineken

Heineken N.V. has been the producer of the Dutch brewing company since 1873, which is 150 years old(2014). The products have been sold in over 170 countries.

It is exclusively prepared with hops, distilled water, and triple barley giving it a particular flavor that has stayed unchanged throughout the centuries.

Scotch is an ale Malt beer having a sweet flavor with 5 percent ABV. It has been the closest competitor in the exporting beer category.

3. SAB Miller

It is a multinational brewing and beverage company founded on February 8, 1895, in Johannesburg, South Africa.

It was headquartered in Woking, England, on the outskirts of London until Anheuser-Busch InBev acquired it on October 10, 2016. It has 63,500 employees as of 2016.

It is expected to have more beer sales in regions such as Africa in the upcoming years. It is one of the top rivals of Corona Extra as it generates $16.6 billion more revenue.

4. Femsa

FEMSA, or Fomento Economico Mexicano SAB de CV, is a Latin American multinational corporation founded in 1890 by Nuevo Leon and specializes in the beverage and retail industries, headquartered in Monterrey, Mexico.

It employs 2,30,000 people. Mexico’s fifth-largest company FEMSA reported revenues of 26.9 billion US dollars in 2019.

It competes with Corona Extra in soft drinks, juices, and non-alcoholic beverages and has 310,000 more employees.

5. Coors Brewing Company

The Coors Brewing Company was founded in 1873 in Golden, Colorado, United States. Its founders are Adolph Coors and Jacob Schueler.

The company has equity of US$13.7 billion (2021) and 17,700 (2021) employees. Their beer tastes like corn with sweetness and a hint of bitterness, and these flavors blend to form a drink that balances malt, sweetness, and bitterness without becoming overpowering. 

6. Bacardi Limited

One of the largest privately and family-owned companies was initially known for its white rum.

It was founded in Cuba by Don Facundo Bacardí Massó on February 4, 1862, with headquarters in Hamilton, Bermuda; it has a revenue of $6.4 billion and employees of 7000, with sales in 170 countries approximately. Now it has a brand and levels of 200.

7. Diageo

The company originated in 1997. It is a multinational company that produces premium drinks, beverages, and alcohol. The company is headquartered in Sydney with employees of 27,783 and valuations of $104.4 billion.

Spread over 180 countries. Some of its outstanding collections are Johnnie Walker, Crown Royal, Bulleit, and Buchanan’s whiskies.

The company operates in over 180 countries. It is the most significant competitor of Corona as total assets for 2021 were $43.006 billion, and a 2.41% increase from 2020.

8. Altria

Starting in 1985, this American corporation is situated in Richmond, Virginia, United States.

The company has a net income of 445.4 crores USD (Fiscal Year Ended December 31, 2020) and revenue of 2,615.3 crores USD (Fiscal Year Ended December 31, 2020), with a market capitalization of over $118.5 US billion in October 2018.

The company has over 6000 employees. On December 8, 2018, it acquired a 45% stake in Cronos Group for $1.8 billion.

9. Cuauhtemoc Moctezuma

Cervecería Cuauhtémoc Moctezuma was founded in 1890. This 132-year-old company is a major brewery based in Monterrey, Nuevo León, Mexico.

It employs 20,000 people with a revenue generation of USD$5 billion (2010). Present headquarter is in Monterrey, Mexico, and has an annual production of 3.09 Gl (gigalitres). 

10. Miller Brewing Company

In 1855, founded by Frederick Miller in Milwaukee, Wisconsin, the United States, and owned by Molson Coors. This American beer and brewery company. This public company employs 10,000 people.

It has operated across the world since 2016. It has Miller high life, Miller lite, Miller genuine draft, and other types of drinks.

With a generation of strong cash flow, the company is driving clear improvements in the balance sheet and financial flexibility to strengthen their strategic objectives, which will make some innovations. 

11. Asahi

The 133 years old Japanese multinational corporation has been headquartered in Sumida, Tokyo.

Founded in 1889, Osaka, Japan, with a net income of 15,093.8 crores JPY (2018) and total assets of 3.08 lakh crores JPY (2018. The group had a revenue of JPY 2.1 trillion in the year 2019.

Products include beer and beverages, and it provides beer, spirits, food business, and soft drinks globally.

12. Snow

Snow is the most popular and best-selling Chinese beer brand globally. The company is owned by the Chinese Resources Enterprise conglomerate, which has over 90% of breweries across China.

It is famous for its affordable rate, which is less than a dollar per can. It has many beers that include brave the world, brave the world super X, draft beer, stout beer, opera mask, Marrs green beer, pilsner beer, and original beer containing 2.5%-4.5% alcohol.

In the past few decades since its establishment in 1993, it has shown remarkable success. In 2017 around 101 million hectoliters of Snow were sold globally.

Additional Sources

Source