A global shift in drinking habits and trends has wiped out more than US$800 billion from the value of leading alcohol companies, according to a recent Bloomberg tracking index. 

$830 billion wiped from alcohol stocks

Shares in the world’s biggest beer, wine and spirits producers have collectively lost $830 billion in market value over just four years, according to Bloomberg. A Bloomberg index tracking around 50 listed drinks companies now stands 46% below its June 2021 peak.

Bloomberg found that changing drinking habits and rising health concerns have hit earnings across the sector. The downturn has been compounded by US tariffs, high interest rates weighing on consumer spending, and…