Food businesses are always thriving because everyone needs food to survive. In the United States, there is a myriad of fast-food chains that earn millions to billions annually, servicing local and international customers. The list of the biggest fortunes in the food industry goes beyond fast-food chains.
High profile companies known for their products like cheese, peanuts, condiments, and even desserts are also increasing in number. With new food trends and changing customer behavior, food companies come up with new products to cater to the needs of people. These changes include the easy preparation of meals and ready-to-eat products out of the container.
Interested to know the largest food and beverage companies? Read on and find out who is part of the top 10 most valuable food companies in the world. Most of these names are already common even overseas, thanks to cross-national expansions.
10. George Weston
Value: $11.7 billion
One of the world’s most valuable food companies is George Weston Ltd. The brand has two major divisions namely: Weston Foods and Loblaw. The company is engaged in food processing and distribution of baked goods, frozen baked items, and desserts like cakes and donuts.
According to Forbes, the company is valued at $11.7 billion, controlling several food retail markets, club stores, convenience stores, and foodservice distributors. The Loblaw devision, on the other hand, engages in general merchandise, drugstore, and financial products.
Value: $18.8 billion
Soft Drink Company PepsiCo. is the second-most popular soda brand for Americans. Aside from the popular beverage Pepsi, the brand also owns energy drink Gatorade, Mountain Dew, and Sobe beverage products.
With a reported brand value of $18.8 billion, PepsiCo has come a long way. It reinforces a strong marketing presence, marketing products like Pepsi Diet, Pepsi Max, and classic Pepsi.
According to Forbes, one of the huge earnings of the company can be traced in 2009, where Pepsi earned $44.3 billion.
Value: $20.1 billion
Kellogg Co. is famous for its cereals, crackers, toaster pastries, and fruit-flavored snacks. The company operates in North America but exports products outside of America like the Asia Pacific.
Aside from cereals and crackers, the company also engages in vending and food manufacturing.
Founded in 1906, Kellogg Co. now has more than 34,000 employees and has a valuation of $20.1 billion. Through time, the brand developed new products that attracted more loyal consumers. These products include wellness bars, savory snacks, and frozen waffles.
7. Tyson Foods
Value: $26.3 billion
Tyson Foods has built its name in the food-processing sector, manufacturing value-added chicken, beef, and pork products. The company markets frozen, raw food items, process meat cuts, and case-ready products.
Since the early 1930s, the company has already expanded and innovated the farming techniques for high-quality meat products. Aside from the food items, the company is also engaged in supplying restaurants and grocery stores with meat cuts.
Additionally, Tyson Foods was also able to acquire companies like Hillshire Farm Brands.
Value: $37 billion
There is only one Mars chocolate in the world that everybody seems to know. This chocolate is a product of Mars Inc., alongside other famous items like Milky Way and Three Musketeers candy bars.
According to Forbes, Mars Inc. is valued $37 billion. It operates in different segments outside the candy bars, like pet care. Under Mars Inc., there is Mars Wrigley, which has brands like M&Ms, Skittles, Snickers, and Extra.
Value: $94.6 billion
The list wouldn’t be complete without the coffee and tea manufacturer, Starbucks Corp. The company operates in the Americas, Europe, the Middle East, Africa, China, and the rest of the Asia Pacific.
Others may not be aware but Starbucks Corp. owns Seattle’s Best Coffee, Tazo Tea, La Boulange, and Torrefazione Italia Coffee.
Since 1985, the brand has evolved and expanded in different parts of the world. Since its founding year, Starbucks now has more than a $94.6 billion market cap. It has more than 291,000 employees deployed around the world.
Value: $113.5 billion
One of the biggest manufacturers of refined oil, sugar, and chocolate is Cargill. The Minneapolis-based company engages in food trading, manufacture, commodities, and transportation services.
Since 1895, Cargill delivers exceptional commercial enterprises that other businesses need for production.
With its long-standing history and expansion, the company now has more than $113.5 billion in revenue. What started out as a grain storage company and lumberyard comes a huge business enterprise today.
Value: $148.8 billion
The largest fast-food chain in the world is McDonald’s Corporation with more than 37,000 locations in 115 countries. The brand claimed the fast-food industry with its affordable and delicious food items that are available within minutes.
Since 1955, McDonald’s has evolved into a huge brand for lightning-fast service. It offers delivery, online ordering, and many other innovations that led to its mega-wide valuation. Forbes states that the market cap of the brand is at $148.8 billion.
Value: $203 billion
Surpassing PepsiCo’s revenue is another soda brand, Coca-Cola. The brand not only manufactures and sells non-alcoholic beverages but also sparkling waters, juices, and ready-to-drink teas.
The brands under Coca-Cola include Sprite, Fanta, Diet Coke, Powerade, Minute Maid Pulp, Dasani, Gold Peak, and Ice Dew.
Coca-Cola serves more than 1.9 billion servings of beverages in 200 countries worldwide. Indeed, it is considered as the largest beverage company in the world today with a $203 billion market cap.
Value: $281.3 billion
For the pre-packaged food and beverage, Nestléis considered the largest purveyor. The company manufactures baby food, medical food, bottled water, breakfast cereals, coffee, tea, dairy products, frozen food, desserts, and snacks.
Nestlé started the business selling baby food. When Daniel Peter, the inventor of chocolate milk, collaborated with the brand, new products were created.
These products are not limited to chocolate but also canned condensed milk and a lot more. Now, Nestlé is considered the biggest food and drink company in the world with a market cap of $281.3 billion.
The food industry these days is dominated by huge brands that cater to the needs of people. From fast food to healthy snacks to flavorful desserts and soda, many of these companies already built a strong foundation and earned trust from consumers.
Companies like Nestlé, Coca Cola, and McDonald’s are among the world-leading food brands that change the way people consume food. As the year goes by, it is expected that the food industry will still grow and new brands can offer diverse food options.
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