2017 World Top 100 Food Companies——Nestlé Takes the Lead

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Source:Food EngineeringThanks to:VickyGan/ Wilbur Zhu

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On September 12th, Food Engineering released the newest list of ‘The World’s Top 100 Food & Beverage Companies’. The food industry is currently undergoing the same seismic change as the global music and media industries, with consumers in this sector checking food prices, nutritional content and increasingly purchasing food online. Health and wellness are still key, and manufacturers are optimizing costs with investments in robotics.

At the top of the list, Swiss company Nestlé remains the world’s largest food group, with total sales of approximately $92.3 billion, well ahead of its nearest rival, PepsiCo. The company is busy in engaging in moves required to grow and retain its No. 1 position.

“Innovation is at the heart of our strategy to continue to develop a nutritious portfolio,” says Patrice Bula, executive vice president of marketing for Nestlé. “Each day, we strive to make our products tastier and healthier to help people care for themselves and their families.”

PepsiCo Food Products

Source: wilsonperumal.com

In second place, PepsiCo generated almost $63 billion in net revenue in 2016, driven by a food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales.

PepsiCo has become larger than Coca-Cola since it is less reliant on soft drinks, specifically carbonates, and is also active in more high-growth categories, such as healthy snacking.

It has been a fascinating year, with the major food companies reacting well to the challenges of reformulation and changing consumer purchasing habits. The industry can certainly expect to see more in terms of the 3 e’s—namely, ethics, emerging market affluence and e-commerce.

*Rank on Sep.12 2017

*Food sales only, Million USD

*The latest statistics until Y.M

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