On the Record · Ambev
Ambev competitors, on the record
The companies Ambev names as competitors in its annual reports, 2023 to 2025, and the companies that name Ambev, each with the sentence and the filing.
Who Ambev names
| Company | Named in |
|---|---|
| Cerveceria Centro Americana | 2025 |
| Cervecería Barú Panamá | 2025 |
| Compañía Cervecerías Unidas S.A. | 2025 |
| MolsonCoors | 2025 |
| Moosehead Breweries Ltd. | 2025 |
| Sleeman Breweries Ltd. | 2025 |
| The Coca-Cola Company | 2025 |
| The Heineken Company | 2025 |
In its own words
Cerveceria Centro Americana
Word for word“Our main competitor in Guatemala is Cerveceria Centro Americana, the market leader, which is a private company owned by local investors.” 20-F for 2025
Cervecería Barú Panamá
Word for word“The main competitor in the Panamanian beer market is Cervecería Barú Panamá.” 20-F for 2025
Compañía Cervecerías Unidas S.A.
Word for word“According to Scentia, we are the leading beer producers in Argentina, and our main competitor in Argentina is Compañía Cervecerías Unidas S.A.” 20-F for 2025
MolsonCoors, Moosehead Breweries Ltd., Sleeman Breweries Ltd.
Word for word“Our main competitor in Canada is MolsonCoors, but we also compete with smaller brewers, such as Sleeman Breweries Ltd. and Moosehead Breweries Ltd.” 20-F for 2025
The Coca-Cola Company
Word for word“Our main competitor in the NAB market is The Coca-Cola Company.” 20-F for 2025
The Heineken Company
Word for word“Our closest competitor in Brazil is The Heineken Company.” 20-F for 2025
Who names Ambev
Companies whose own annual reports name Ambev as a competitor.
Word for word“In Brazil, we compete against AmBev, a company that distributes Pepsi brands, local brands with flavors such as guarana, and proprietary beer brands.” 20-F for 2025
Word for word“In Brazil, Coca-Cola FEMSA competes against AmBev, a company that distributes Pepsi brands, local brands with flavors such as guarana, and proprietary beer brands.” 20-F for 2025
Read from Ambev’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.