Despite the food and beverage industry rising to US$7.2bn, the industry - at least in the short term - is still feeling the effects of COVID-19 and the Russia/Ukraine war.
“Many countries across the globe are experiencing falling prices pf crops due to overcapacity; this is expected to result in low raw material costs for food and beverage companies,” said .
While there are many challenges ahead for the industry, food and beverage is expected to grow by 12.04% between 2022 and 2027. With this in mind, Food Digital takes a look at the Top 10 largest global food and beverage companies.
Danone
Founded in 1919, Danone was built on the simple mission to improve health. At the end of the First World War, Isaac Carasso launched the production of Yogurt in Spain to help those suffering from malnutrition. Taking an interest in the research Elie Metchnikoff - a researcher at the French Pasteur Institute and winner of the Nobel Prize in 1908 - added lactic ferments to the yogurt.
Named after his son’s nickname - Danon - Carasso began to sell Danone yogurt to pharmacies. In 1929 his son joined the family business, setting up in France the company’s headquarters today.
Today the company’s founding mission of “bringing health through food to as many people as possible,” still remains true, with the comapny providing a wide variety of essential dairy and plant-based products; waters; and specialised nutrition.
Tyson Foods
Founded in 1935, Tyson foods is one of the world’s largest food companies and a recognised leader in protein. The New York based company has developed under the guidance of four generations of family leadership. The company’s leading brands include Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®.
“Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.”
Kweichow Moutai Company
With a history that can be dated back 2000 years, Kweichow Moutai Co is a traditional chinese liquor experiencing a significant evolution during the Qing Dynasty (1644-1912). Located in the Guizhou Province in South-West China, Maotai was one of the first Chinese liquor’s to be produced in large-scale production.
100% organic, the Moutai spirit is made from locally produced red sorghum, wheat and water without the addition of artificial additives.
Diageo
Founded in 1997, Diageo is global leader in premium drinks. Under its care, Diageo has over 200 brands in more than 180 countries. The companies brands range from old to new including Haig (established in 1627); Guinness (established in 1759); Tanqueray (established in 1830); Baileys (established in 1974); and Chase (established in 2008).
“While we honour the past, we are passionate about nurturing categories old and new, and building authentically crafted, culturally relevant brands. To develop and grow a brand requires creativity, belief and determination.”
Archer-Daniels-Midland Company
Founded in 1902, Archer-Daniels-Midland Company (ADM) is a food processing company that purchases, transports and transforms crops by connecting farmers to consumers.
ADM is one of hte world’s largest nutrition companies for both human and animals. “We unlock the power of nature and transform crops into ingredients and solutions for foods, beverages and supplements for people all around the world, and we provide a complete range of solutions and services for livestock, aquaculture and pets.”
The company is headquartered in Chicago, USA. It’s net sales for 2020 were US$64bn.
Mondelez International
Built on the foundations of its predecessors, founded in 2012 Mondelez International has a rich history of more than 100 years from the legacy of its brands and their founders.
Mondelez International is an international food company dedicated to “Empowering people to snack right,” in more than 150 countries. “We're leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate.”
Operating in more than 80 countries, Mondelez International employs 91,000 diverse and talented employees and has a global net revenues of US$31.5bn.
Coca-Cola Company
Despite the secret formula for Coca-Cola being invented and sold in 1888, it was not until 1892 that the Coca-Cola Company was founded three years after the purchase of the brand bu Asa Griggs Candler who incorporated The Coca-Cola Company.
On the 5th of September 1919, a consortium of businessmen purchased the company for US$25mn which put the company on the New York stock market. Operating for my than 130 years, the company hass more than 22 million fans worldwide and continues to grow and innovate. Brands owned by The Coca-Cola Company include Coca-Cola, SmartWater; Fanta; Dr. Pepper; Sprit; Oasis andmany more.
Anheuser-Busch InBev (AB InBev)
Dating back more than 800 years, one of Anheuser-Busch InBev (AB InBev)’s original beer brands - Leffe - can be dated back to Belgian monks brewing Leffe in their abbeys.
Today the company is a world leader in brewing, committed to serving up new ways to meet life’s moments, dream big to move the industry forward and make a meaningful impact in the world. “We are committed to building a future that everyone can celebrate and everyone can share.”
PepsiCo
Founded in 1965 on the back of a napkin between Don Kendall and Herman Lay, PepsiCo is an America multinational food, snack, and beverage corporation headquartered in New York.
Generating US$84bn in net revenue “PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.” PepsiCo’s products include the likes of Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.
Nestlé
Nestlé’s founding history can be dated back to two key dates 1866 (the founding of Angelo-Swiss Condensed Milk Company) and 1867 (Henri Nestlé’s development of a breakthrough baby food). Following this, Both companies merged in 1905 to form today’s Nestlé Group.
Today Nestlé is constantly pushing the boundaries of what’s possible with food, drink and nutritional health solutions to enhance quality of life and contribute to a healthier future for all.
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Tea drink..
Fruit juice..
Coffee drink..
Soft drinks..
Milk drink..
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Nestlé (Switzerland) - $89.9 billion..
PepsiCo (United States) - $79.4 billion..
VINUT (Vietnam).
The Coca-Cola Company (United States) - $35.4 billion..
Danone (France) - $28.3 billion..
Walmart (United States) - $255.6 billion..
Mars (United States) - $37 billion..