At a Glance
- Delta Corporation leads beer and soft drinks, anchoring market share, jobs, and tax revenue.
- Varun Beverages and Schweppes expand production, distribution, sustainability, creating jobs across Zimbabwe.
- Tea, dairy and spirits firms balance inflation pressures with exports, reforms and local sourcing.
Zimbabwe’s beverage industry is one of the country’s most resilient economic pillars, anchored by leading beverage companies shaping consumption, employment and government revenue.
From beer and spirits to soft drinks, dairy and tea, the sector serves millions daily across urban and rural markets.
Dominated by firms such as Delta Corporation, African Distillers Limited, Varun Beverages and Schweppes Zimbabwe, the industry blends local heritage with global partnerships.
Delta Corporation leads with its expansive portfolio of beers, sparkling beverages, and wines, maintaining dominance through widespread distribution and brand recognition.
Varun Beverages has made waves with PepsiCo partnerships, expanding production capacity and creating hundreds of jobs.
Meanwhile, Schweppes Zimbabwe focuses on soft drinks and juice innovation, with Mazoe Crushes and Bonaqua driving both sales and sustainability initiatives.
Tanganda Tea Company brings a unique flavor, literally, to the market through its high-quality teas sourced from local plantations.
Across the board, these firms navigate economic challenges like inflation and currency shortages while leveraging opportunities from government reforms, growing disposable incomes, and increasing export potential.
Collectively, Shore Africa has profiled Zimbabwe’s top seven beverage companies shaping supply chains, investing in local agriculture, and defining consumer lifestyles across the country.
1. Delta Corporation Limited
Market capitalization: ZWL37.7 billion ($1.47 billion)
Zimbabwe’s largest beverage firm, Delta Corporation dominates beer, sparkling beverages, and wines. Iconic brands like Lion Lager, Castle Milk Stout, and sparkling drinks anchor its market leadership. Delta is also a major taxpayer and employer, with deep rural and urban distribution, and continues to invest in production capacity despite economic headwinds. Delta Corporation Limited is currently the most valuable stock on the Zimbabwean bourse, with a market capitalization of ZWL37.7 billion ($1.47 billion), which makes up about 34.9 percent of the entire Zimbabwe Stock Exchange’s equity market.
2. African Distillers Limited
Market capitalization: ZWL1.09 billion ($42.51 million)
African Distillers Limited (Afdis) Afdis is a leading producer of spirits, wines, and ciders in Zimbabwe. Its portfolio includes brands like Hunter’s and Glenfiddich, positioning it as a premium beverages player. Afdis emphasizes quality, local sourcing, and export growth in Southern Africa. African Distillers Limited is currently the 13th most valuable stock on the Zimbabwean bourse with a market capitalization of ZWL1.09 billion ($42.51 million), which is about 1.01 percent of the Zimbabwe Stock Exchange equity market.
3. Dairibord Holdings Limited
Market capitalization: ZWL641 million ($25 million)
Dairibord Holdings Limited is a leading Zimbabwean manufacturer and marketer of milk, food, and beverage products. Formerly a state-owned enterprise, it was privatized in 1997. The company, which operates through subsidiaries, produces a diverse range of items including liquid milks, yoghurt, ice creams, and non-dairy beverages (e.g., Chimombe, Steri Milk, Lacto, Cascade, Lyons Dairibord Holdings Limited is currently the 18th most valuable stock on the Zimbabwean bourse with a market capitalization of ZWL641 million ($25 million), which is about 0.594 percent of the Zimbabwe Stock Exchange equity market.
4. Tanganda Tea Company
Market capitalization: ZWL181 million ($7.06 million)
Tanganda Tea dominates Zimbabwe’s tea sector, producing high-quality black and green teas sourced from its own plantations. The company integrates sustainable farming practices while supporting rural communities and contributing to national export revenue. Tanganda Tea Company is currently the 26th most valuable stock on the Zimbabwean bourse with a market capitalization of ZWL181 million ($7.06 million), which is about 0.168 percent of the Zimbabwe Stock Exchange equity market.
5. Ariston Beverages
Market capitalization: ZWL48 million ($1.48 million)
Ariston focuses on carbonated soft drinks and flavored beverages. The firm invests in modern bottling technology, expanding its reach across urban and semi-urban areas, while sourcing ingredients locally to ensure quality. Ariston Holdings Limited is currently the 36th most valuable stock on the Zimbabwean bourse with a market capitalization of ZWL48 million ($1.48 million), which makes about 0.045 percent of the Zimbabwe Stock Exchange equity market.
6. Varun Beverages Zimbabwe
A key PepsiCo bottler, Varun Beverages has expanded its footprint with modern production lines and an extensive soft drink portfolio. Its investments create hundreds of jobs, improve distribution networks, and bring global beverage brands closer to Zimbabwean consumers.
7. Schweppes Zimbabwe
Known for Mazoe Crushes and Bonaqua, Schweppes Zimbabwe combines soft drinks innovation with sustainability efforts. The company focuses on eco-friendly packaging and local fruit sourcing, while meeting demand across urban and rural markets.
