Food and beverage manufacturers help make the world go round, processing raw materials into value-added forms that are easier to work with or eat for the average busy consumer. Every year, Food Processing releases a comprehensive list gathering together the Top 100 food and beverage manufacturers in the United States. But our question is: who cracked the top 10?
All of the big names are there, and while consumers might not know corporations like JBS USA or ConAgra, they certainly know the consumer brands that fall within their portfolios (Swift meats by the former and Libby’s, Chef Boyardee, and Healthy Choice by the latter—to name just a few).
For 2015, it’s interesting to note that the top two contenders did not budge in their positions compared to where they stood in 2014. Mergers and acquisitions played a large role in the rankings for 2015, as 2014 was the busiest year to date, with 503 deals recorded by Food Processing.
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Some of the largest M&A deals of the year included Tyson Foods’ acquisition of Hillshire Brands for $8.55 billion and Post Holdings Inc.’s acquisition of Michael Foods Inc. for $2.45 billion. General Mills Inc. added to its natural and organic products portfolio by getting Annie’s Inc. for $810 million. Annie’s, with more than 145 products, had net sales of $204 million in its last fiscal year ended March 2014.
For now, here are the 10 businesses at the very top of the industry:
10. General Mills, Inc. | 2014 Food Sales: $12.5 billion
General Mills began in the U.S. with flour mills on the banks of the Mississippi river in Minneapolis, Minnesota back in 1866. With food marketed in more than 100 countries on six continents, in fiscal year 2015, the company earned a global net sales of $17.6 billion.
9. Smithfield Foods, Inc. | 2014 Food Sales: $13.4 billion
Smithfield Foods is a leading consumer packaged meats company. The company is also the world's largest pork processor and hog producer, committed to providing good food in a responsible way.
8. Kraft Foods, Inc. | 2014 Food Sales: $14.3 billion
H.J. Heinz Company and Kraft Foods Group have completed a merger, becoming the 3rd largest food and beverage company in North America and the 5th largest in the world.
7. ConAgra Foods, Inc. | 2014 Food Sales: $15.8 billion
ConAgra Foods makes many leading brands, including: Healthy Choice, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Orville Redenbacher’s, PAM and Banquet, among others.
6. Anheuser-Busch InBev | 2014 Food Sales: $16.1 billion
ABInBev is the leading global brewwer and one of the world's top 5 consumer product companies. Beer, the original social network, has been bringing people together for thousands of years and the company's portfolio of well over 200 beer brands continues to forge strong connections with consumers.
5. Coca Cola, Co. | 2014 Food Sales: $21.4 billion
Coca Cola's mission is to refresh the world, inspire moments of optimism and happiness, and create value and make a difference.
4. JBS USA | 2014 Food Sales: $24 billion
JBS USA is a leading processor of beef, pork and lamb in the U.S., a leading processor of beef in Canada and the largest cattle feeder in the world with operations in the U.S. and Canada.
3. Nestle | 2014 Food Sales: $27.9 billion
Nestlé's mission of "Good Food, Good Life" is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night.
2. Tyson Foods, Inc. | 2014 Food Sales: $36 billion
Tyson Foods is a leading producer of chicken, beef and pork. Many people don’t know that the company also makes a variety of prepared foods, such as pizza toppings and crusts, tortillas and chips, deli meats, appetizers, soups sauces and side dishes.
1. PepsiCo, Inc. | 2014 Food Sales: $38.2 billion
PepsiCo began in 1965 with the merger of Pepsi-Cola and Frito-Lay. Today, it's a global food and beverage leader with over $66 billion in net revenue in 2014 and a global portfolio of diverse and beloved brands.
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