Global 2000, the 2023 world’s largest food companies show that rising inflation has kept the food and beverage industry growing around the world. The top 25 companies in the sector generated $1.8 trillion in revenue in the past year, while profits for the sector increased to more than $160 billion.estlé is the world’s largest food company – a title the Swiss-based conglomerate has held for more than a decade.
In this year’s edition of the Forbes Global 2000 list of the world’s largest public companies, the top seat in the food and beverage industry commands more than $98 billion in sales. Nestle operates a large bottled water business and owns the coffee brand Nespresso, in addition to frozen staples like Hot Pockets, Stouffer’s and DiGiorno. Nestlé sees most of its sales from the U.S. and has 62 stateside factories.$9.7 billion.
Rounding out the list are other large food companies including Danone, General Mills, Mondelez, Tyson Foods, JBS and Kraft-Heinz.Global 2000 ranking is market value. As a sector, the top food companies control $3.7 trillion of the market, rising nearly 3% over the last year, compared to the S&P 500’s more than 4% jump in the same period. Driving that performance was inflation and price hikes that conglomerates passed on to shoppers. The best performer in the group was Nestlé.