Top 10 Food Companies by Revenue — 2026 Update

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The ten largest food and beverage companies in the world remain Nestle, Ahold Delhaize, PepsiCo., Archer Daniels Midland, Sysco, JBS, Performance Food Group, Anheuser-Busch InBev, Unilever, and Tyson Foods.

The global food and beverage industry remains one of the largest and most resilient sectors of the world economy, generating trillions of dollars in annual revenue. While consumer preferences, inflation, and supply-chain realignments continue to reshape the market, a relatively small group of multinational corporations still dominate global food sales.

This January 2026 update revises our original 2025 rankings using the latest available full-year 2024 results, 2025 trailing-twelve-month (TTM) data, and confirmed late-2025 corporate developments, including major mergers, recalls, and strategic restructurings. 


Top 10 Food Companies by Revenue

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

1. Nestlé (Switzerland)

  • Annual Revenue: USD $114.8 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.
  • January 2026 update:
    Nestlé entered 2026 facing reputational and financial headwinds following a large-scale infant formula recall announced in late 2025. While this does not immediately dislodge its top ranking, analysts expect slower growth in nutrition segments in 2026 compared with prior years .

2. Ahold Delhaize (Netherlands)

  • Revenue: Ahold Delhaize had revenue of 22.49B EUR in the quarter ending September 28, 2025, with 2.23% growth. This brings the company's revenue in the last twelve months to 92.14B, up 3.37% year-over-year. In the year 2024, Koninklijke Ahold Delhaize had annual revenue of 89.36B (104.8 B USD) with 0.70% growth. (stockanalysis.com)
  • Notes: Major global food retailer and distributor.

3. PepsiCo (USA)

  • Revenue: PepsiCo had revenue of $23.94B in the quarter ending September 6, 2025, with 2.65% growth. This brings the company's revenue in the last twelve months to $92.37B, up 0.49% year-over-year. In the year 2024, PepsiCo had annual revenue of $91.85B with 0.42% growth. (stockanalysis.com)
  • 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 might take 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.
    • PepsiCo acquired the Strauss Group’s 50% ownership in Sabra for $241 million in December 2024, making it PepsiCo’s wholly-owned subsidiary. The beverage and snacking giant announced its acquisition of Garza Food Ventures LLC, dba Siete Foods, for $1.2 billion. The acquisition closed in January 2025.
  • January 2026 update:
    PepsiCo announced plans to eliminate roughly 20% of its U.S. product SKUs in 2026, streamlining operations and focusing on higher-margin, health-aligned categories. This is viewed as a margin-optimization strategy rather than a revenue contraction .
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. JBS S.A. (Brazil)

  • 2024 Revenue — Approximately US$77.2 billion (record net revenue, up ~6% from 2023), per company reports released in March 2025. Some sources cite slight variations (e.g., $80-82B TTM or adjusted figures), but $77B is the most consistently reported full-year figure.
  • Notes: Brazilian multinational and the world's largest meat processing company by capacity and sales volume.
  • Operations — Beef, pork, poultry, and value-added products; major presence in Brazil, USA (JBS USA), Australia, Canada, Europe, and more.
  • Notable Brands/Subsidies — Seara (Brazil), Pilgrim's Pride (USA poultry), Swift, Friboi, and Moy Park.

7. Performance Food Group (USA)

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

8. Anheuser-Busch InBev (Belgium)

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

9. Unilever (UK/Netherlands)

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

10. Tyson Foods (USA)

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

Notes:

  • 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) 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.
  • 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.
  • Distributors/retailers (e.g., Sysco, Ahold Delhaize) are sometimes included in broader lists but excluded here to focus on manufacturers/processors.
  • These rankings will continue to evolve as 2025 full-year results and 2026 filings are released. Expect further movement driven by mergers, divestments, and changing consumer demand for healthier, functional, and sustainable foods.

Key Industry Shifts Shaping 2026 Rankings

1. Mega-Mergers Are Back

The Mars–Kellanova deal signals renewed large-scale consolidation, particularly in snacks and packaged foods, after several quieter years .

2. Portfolio Simplification

PepsiCo and others are reducing SKU counts to improve margins and operational efficiency — a trend likely to continue across 2026 .

3. Distribution Matters as Much as Brands

Companies like Sysco, PFG, and Ahold Delhaize show that logistics and retail scale can rival brand power in total revenue.

4. Regulatory & Reputational Risk


Related Posts: 
  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
  4. Top 10 Food & Beverage Stocks to Buy for 2026
  5. Top 10 Healthcare vs Food Companies by Revenue in 2025: Revenue, Market Cap Comparisons, ETF Insights, and Performance Analysis

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