With Three-Year Revenue Growth of 2,380%, The
Plug Drink Ranks No.147 Among America's Fastest-Growing Private
Companies
LOS
ANGELES, Aug. 15, 2024 /PRNewswire/ -- Inc.
revealed that The Plug Drink ranked No.147 on the 2024 Inc.
5000, its annual list of the fastest-growing private companies in
America. The Plug Drink ("The Plug"), the leading all-natural liver
health supplement brand, also ranked No.25 in California, No.11 in Los Angeles, and No.6 in Food & Beverage,
boasting a 2,380% revenue growth over the last three years. The
prestigious ranking provides a data-driven look at the most
successful companies within the economy's most dynamic segment—its
independent, entrepreneurial businesses. Microsoft, Meta, Chobani,
Under Armour, Timberland, Oracle, Patagonia, and many other
household-name brands gained their first national exposure as
honorees on the Inc. 5000.
The Plug Drink Ranks No.147 on the 2024
Inc. 5000 with Three-Year Revenue Growth of 2,380%
"This is a significant milestone for our Company,
and we are honored to receive this recognition so early in our
journey," said Ray Kim, Co-Founder
and CEO. "The dedication of our team in bringing awareness to liver
health and leading with innovation has positively impacted the
lives of over 500,000 customers, and we look to continuing our
brand's mission."
The Inc. 5000 class of 2024 represents companies
that have driven rapid revenue growth while navigating inflationary
pressure, the rising costs of capital, and seemingly intractable
hiring challenges. Among this year's top 500 companies, the average
median three-year revenue growth rate is 1,637 percent. In all,
this year's Inc. 5000 companies have added 874,458 jobs to the
economy over the past three years.
For complete results of the Inc. 5000, including
company profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the
new issue of Inc. magazine, available on newsstands
beginning Tuesday, August 20.
"One of the greatest joys of my job is going
through the Inc. 5000 list," says Mike
Hofman, who recently joined Inc. as editor-in-chief.
"To see all of the intriguing and surprising ways that companies
are transforming sectors, from health care and AI to apparel and
pet food, is fascinating for me as a journalist and storyteller.
Congratulations to this year's honorees, as well, for growing their
businesses fast despite the economic disruption we all faced over
the past three years, from supply chain woes to inflation to
changes in the workforce."
"Achieving No.6 in the Food & Beverage
category and No.11 in the Los
Angeles area - our very own backyard - demonstrates a
significant consumer shift towards health-conscious choices and a
growing preference for all-natural, plant-based alternatives," said
Justin Kim, Co-Founder and COO. "Our
mission is to become the leading name in liver health and to reach
every American household, educating and empowering each customer
along the way."
The Plug, the leading all-natural liver health
supplement brand, was founded in 2019 by brother-duo Ray and Justin Kim. After viewing South Korea's advancement in the recovery
industry and seeing the rise of Fatty Liver Disease, which
currently affects 1-in-3 Americans (100 Million Americans),
the brothers were determined to create a staple product for the
American market. Enter The Plug Drink. The plant-based drink grew
steadily in popularity with a heavy online presence and ultimately
spread into retail across California counties. With the introduction of
The Plug Pills in 2023, Plug products have expanded into the retail
channels of major American cities with the help of partnerships
such as KeHe Distributors. The brand continues to grow and extend
its reach, fulfilling its mission of educating its consumers on the
importance of liver health.
CONTACT:
Justin Kim
323-846-0131
justin@theplugdrink.com
More about Inc. and the Inc.
5000
Methodology
Companies on the 2024 Inc.
5000 are ranked according to percentage revenue growth from 2020 to
2023. To qualify, companies must have been founded and generating
revenue by March 31, 2020. They must
be U.S.-based, privately held, for-profit, and independent—not
subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list
may have gone public or been acquired.) The minimum revenue
required for 2020 is $100,000; the
minimum for 2023 is $2 million. As
always, Inc. reserves the right to decline applicants for
subjective reasons. Growth rates used to determine company rankings
were calculated to four decimal places.
About Inc.
Inc. Business Media
is the leading multimedia brand for entrepreneurs. Through its
journalism, Inc. aims to inform, educate, and elevate the
profile of our community: the risk-takers, the innovators, and
the ultra-driven go-getters who are creating our future.
Inc.'s award-winning work achieves a monthly brand footprint
of more than 40 million across a variety of channels, including
events, print, digital, video, podcasts, newsletters, and social
media. Its proprietary Inc. 5000 list, produced every year since
its launch as the Inc. 100 in 1982, analyzes company data to rank
the fastest-growing privately held businesses in the United States. The recognition that comes
with inclusion on this and other prestigious Inc. lists,
such as Female Founders and Power Partners, gives the founders of
top businesses the opportunity to engage with an exclusive
community of their peers, and credibility that helps them drive
sales and recruit talent. For more information, visit
www.inc.com.
For more information on the Inc. 5000 Conference
& Gala, to be held from October 16 to
18 in Palm Desert,
California, please visit http://conference.inc.com/.
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SOURCE The Plug Drink