Inside the 20th edition, forbes The Global 2000, 2023 World’s Largest Food Companies Show That Rising Inflation Continues To Grow The Food And Beverage Industry Around The World. The top 25 companies in this sector have made him $1.8 trillion in revenue over the past year, increasing profits in this sector to over his $160 billion.
N.Estre is the world’s largest food company, a title the Swiss-based conglomerate has held for over a decade.
This year’s Forbes Global 2000 list of the world’s largest public companies lists the food and beverage industry’s top companies with more than $98 billion in revenue. Nestlé operates a large bottled water business, owning frozen staples such as Hot Pockets, Stouffers and DiGiorno, as well as the coffee brand Nespresso. Nestlé derives most of its sales from the United States and has 62 factories there.
Nestlé’s net profit last year was $9.7 billion. It’s one of the key metrics Forbes magazine uses each year as part of its company analysis. forbes The Global 2000 list is in its 20th year this year. A comprehensive ranking of the world’s strongest listed companies, measured by a composite score of revenue, profit, assets and market value. In the entire list, Nestlé ranks his 50th, dropping down the order. From No.46. forbes In the Global 2000, published in 2003, Nestlé was the second largest food company and ranked 31st overall on the list.
Nestlé was briefly overthrown by Anheuser-Busch InBev in 2018, but has otherwise remained the top food company for more than a decade. This year, AB InBev ranked second with annual revenue of $57 billion. That’s up $3 billion from the year before, when clubs and bars bounced back from pandemic closures. Pepsi, which has long battled AB InBev for second and third place, slipped to third place this year after revenue increased by $8 billion to nearly $88 billion. AB InBev has more assets and achieved higher profit growth, helping the beer conglomerate overtake Pepsi in this year’s rankings.
Rounding out the list are other large food companies such as Danone, General Mills, Mondelez, Tyson Foods, JBS and Kraft Heinz.
Forbes Global 2000 rankings updated on June 7, 2023.