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Surging annual profit at Nestle has helped the water and chocolate giant take back the title of the's world's largest food company—a title it held for a decade before Anheuser-Busch InBev temporarily dethroned it last year.Forbes Global 2000 list—the comprehensive ranking of the world’s most powerful public companies as measured by a composite score of revenue, profit, assets and market value.
The beer conglomerate's fall on the list is thanks to profits declining 45% to $4.3 billion last year, while revenue decreased 3% last year to $54 billion. Another big drop comes from Kraft-Heinz, which was put together in a high-profile merger led by 3G Capital. It dropped in the rankings to #548, from #126 overall.
The top 25 companies in the sector generated $1.1 trillion in revenue last year, up from $749 billion, while profits for the sector dropped to $83 billion from $137 billion last year.
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