The beverage industry has experienced notable declines in market capitalization and stock prices over the past few days. Constellation Brands, known for its production of Modelo and Corona, saw a loss of approximately $450 million in market capitalization. This decline occurred alongside decreases in share prices for several major alcohol producers. On January 3, shares of Boston Beer Company fell nearly 6%, marking its largest drop since February. Other companies such as Anheuser-Busch InBev, Heineken, and Carlsberg also faced declines, with Anheuser-Busch down about 2% and Heineken and Carlsberg dropping between 1% and 1.5%. Additionally, the forward price-to-earnings (P/E) ratios for major brands have significantly decreased over the past two years, with Budweiser's P/E ratio falling from 18.4x to 13.9x, Heineken's from 16.8x to 13.8x, and Fever Tree's from 30.6x to 20.1x.