The food and beverage industries are one of the most important industries in the world. They are vast and are required to serve people with all the basic edibles for them to survive. The food and beverage industry can be very attractive and smart to lure consumers towards them. Let’s see ’10 Food Beverage Companies Making Most Money’.
Top 10 Food and Beverage Companies
Forbes has issued the 2022 list of top largest food and beverage companies in the world. The top 10 of these companies are listed below:
1. Nestle
Nestle ranks 1st in the world food sector and overall at the rank of 46th globally. It is a Swiss-based company. It fell from rank 36 in 2017 to rank 46 in 2022. It is a multinational food and beverage processing agglomerate. Nestle was formed and established through a merger of two milk companies in 1905 by Henri Nestle.
Nestle deals with baby food, medical food, breakfast cereals, coffees and teas, bottled water, dairy products, frozen foods and ice-creams, and many other snack items.
2. PepsiCo
Dealing mainly in beverages Pepsi has ranked 2nd in the food industry and ranks 86th all over the world among all the other companies. It is an American-based company formed in 1965 by the merger of Pepsi and Cola.
PepsiCo sells a few of the most known beverages and snacks globally. Some of the examples are; Mountain Dew, Lay’s, Tropicana, Doritos, Cheetos, Mirinda, Aquafina, Starbucks, etc.
3. AB InBev
It is the 3rd largest company in the food and beverage industry and placed in the 93rd position globally. This Belgian-Brazilian company is a multinational company based on drink and brewing. This company is an agglomerate of three companies namely; Interbrew (Belgian), AmBev (Brazilian), and Anheuser-Busch (American).
This company is famous for some of its widely sold beers and soft drinks. Some of the global brands of this company are Corona and Stella Artois.
4. Coca Cola
4th largest company in the food sector and 114th globally, this company has its grip all over the world. Coca-Cola Co. is an American-based beverage processing company.
Coca-Cola is a sugary drink that was invented by accident in 1884 by John Stith Pemberton (a pharmacist).
Coca-cola has produced other brands of soft drinks too like 7 up and Fanta (initially for Germany only by the German branch). It also introduced diet coke to the market.
5. Mondelez International
The food industry ranking of Mondelez International is 5th while it ranks 222nd globally. It is a Chicago (America)-based food processing industry, It was founded by Thomas McInnerney in 1923 Kraftz Food Inc., and was renamed Mondelez International in 2012.
It houses some of the most popular brands of dairy snacks like Cadbury, Oreo, etc. It also houses other brands of snacks like Milka, Toblerone, Triscuit, etc.
6. ADM
Archer-Daniels-Midland Company ranks 237th in businesses globally and 6th in the food business. Headquarters being in Chicago, America, this company was founded in 1902 by George Archer and John Daniels.
Involved in agribusiness, this company sees crop procurement facilities and works in cereal grains and oilseeds processing. They have expanded in the sectors of milling, and processing of special food ingredients like cocoa.
7. Diageo Plc
Diageo is an alcoholic beverage processing company ranking 7th in the food and beverage business and 287th worldwide. It is a UK-based company set up in London in 1997. It was birthed by a merger of two businesses.
It was the world’s largest distiller till the year 2017 but is still the biggest producer of Scotch Whiskey. This company is a major distributor of spirits.
8. Kweichow Moutai Co.
This company places 292nd in the world as a beverage processing company and 8th in the food and beverage sector. It is a semi-private / partial state-owned (by Guizhou Provincial Govt.) business established in China. It was listed in 2001 for its shares in the market. It surpassed Diageo in 2017 to become the largest distiller in the world. As of 2022, it still is the world’s largest distiller.
9. Tyson Foods
Tyson foods inc. ranks 318th in the world business and 9th in the food processing business. It is again an American-based company set up in 1935 by John Tyson.
This company grew during World War II as a chicken processing company and is now the 2nd largest marketer and processor of chicken, beef, and pork.
10. Danone
Ranking 330th in the world and 10th in the food sector, it is a France-based company in Paris though founded in New York. It was established in the year 1919 by Issac Carasso.
He founded a company specializing in nutritional supplements for the diet of people. Some examples are Protinex and Dexolac (India), Fengxing Milk (China), Shokti Dol (Bangladesh), etc.
Conclusion
The top 10 food and beverage industries in the world right now, in 2022 are listed above. These are the most thriving business in the food sector financially, socially, and economically.
Frequently Asked Questions
- Which is the largest food company in the world?
Nestle is the largest food company as of right now in the year 2022.
- Which is the richest food company?
Nestle is the richest food processing company in the world of the food business.
- What is the richest alcoholic beverage company in the world?
AB InBev is the largest and richest distributor of alcoholic beverages in the world right now.
- Which is the most known non-alcoholic beverage worldwide?
Coca-Cola is the most known beverage globally and can be found in almost every country.
