Top 10 Food Companies by Revenue (2025)

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Based on the most recent 2025 revenue data as of November 2025 (using trailing twelve months or fiscal 2024 figures where full calendar 2025 data is not yet available due to ongoing reporting), here are the top 10 food companies ranked by revenue. This update incorporates latest quarterly reports, TTM figures, and industry rankings from sources like Food Engineering's 2025 Top 100 Food and Beverage Companies, which notes PepsiCo surpassing Nestlé for the top spot based on reported sales.

Top 10 Food Companies by Revenue (2025)

This ranking reflects the largest companies primarily by annual revenue, emphasizing food production, processing, distribution, and retail sectors globally (1, 4).

1. Nestlé (Switzerland)

  • Annual Revenue: USD $113 billion (nestle.com)
  • Key Brands: Nescafe, KitKat, Maggi, Purina, Waters
  • Headquarters: Vevey, Switzerland
  • Global Footprint: 188 countries
  • Strategic Significance: World’s largest food manufacturer
  • Notes: 
    • World's largest food company, with a diverse portfolio including bottled water, coffee, frozen foods, and nutrition products.
    • Nestlé Health Science (NHSc), a subsidiary of Nestlé, owns a variety of supplement brands. Some of the most notable ones include: Garden of Life, Vital Proteins, Pure Encapsulations, Wobenzym, Douglas Laboratories, Persona Nutrition, Genestra, Orthica, Minami, AOV, Klean Athlete, Nature's Bounty, Solgar, Osteo Bi-Flex, and Sundown.

2. Ahold Delhaize (Netherlands)

  • Revenue: $96.22 billion
  • Notes: Major global food retailer and distributor.

3. PepsiCo (USA)

  • Revenue: $91.52 billion
  • Key Brands: Pepsi, Lay's, Gatorade, Tropicana, Quaker
  • Notes: 
    • Leading in beverages and snacks, with brands like Pepsi, Lay's, and Quaker.
    • According to Food Engineering's 2025 ranking, PepsiCo has taken the top spot from Nestlé, driven by acquisitions like Siete Foods ($1.2 billion deal closed January 2025) and robust performance in North America despite inflationary pressures.
Notes on The Coca-Cola Company (PepsiCo direct competitor): 2024 revenue = $47 billion

4. Archer Daniels Midland (ADM) (USA)

  • Revenue: $85.53 billion
  • Notes: One of the largest agricultural processors and food ingredient providers.

5. Sysco Corporation (USA)

  • Revenue: $80.57 billion
  • Notes: Leading global foodservice distribution company.

6. Performance Food Group (USA)

  • Revenue: $60.10 billion
  • Notes: Foodservice distributor with a broad product range.

7. Anheuser-Busch InBev (Belgium)

  • Revenue: $59.76 billion
  • Notes: World's largest brewer with many global beer brands.

8. Unilever (UK/Netherlands)

  • Revenue: $58.20 billion
  • Notes: Diversified food and personal care company with brands like Magnum and Knorr.

9. Tyson Foods (USA)

  • Revenue: $53.61 billion
  • Notes: Major meat producer specializing in poultry, beef, and pork.

10. Bunge Limited (USA)

  • Revenue: $53.10 billion
  • Notes: Agribusiness and food ingredient company.

Notes on McDonald's and Mars:

  • McDonald's is a dominant fast food company with revenues around $25-26 billion, which is significant but below the top 10 food & beverage companies ranked by revenue globally.
  • Mars, Incorporated has estimated revenues over $50 billion but is privately held and often excluded from some public revenue rankings.
Additional Updates for November 2025:
  • Industry challenges: Food and beverage companies continue to navigate inflation (down to ~3.9% global forecast for 2025), tariffs, supply chain disruptions, and geopolitical issues. Many top firms, like PepsiCo and Nestlé, are focusing on cost savings, sustainability (e.g., Nestlé's 91.9% renewable electricity usage), and acquisitions to drive growth.
  • Potential shake-ups: Ongoing deals like Tilray's acquisition of breweries from Molson Coors and PepsiCo's Siete Foods buy could impact 2026 rankings.
  • Methodology: Rankings based on annual/TTM (Trailing Twelve Months) revenue from public reports, emphasizing food production, processing, distribution, and retail sectors. Private companies like Cargill ($165 billion estimated) and JBS ($82.8 billion FY2024) are noted but excluded if not publicly traded or consistently reported in top lists. Sources include Food Engineering Top 100, company filings, and financial databases like MacroTrends and Statista.

References: 
  1. Top 10 Food Companies by Market Cap
  2. IFT's Top Ten Food Trends for 2025
  3. Top 10 Fastest-Growing Food Companies of 2025: Beyond the Revenue Giants – Spotlight on GLP-1 Snacks

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