Top 10 Food Companies in the World by Market Capitalization

Nestle SA, Mondelez International Inc, The Hershey Co, General Mills Inc, and The Kraft Heinz Co are the top 5 food companies in the world in 2023 by market capitalization (as of Mar 31, 2023). Comprehensively, the top 10 Food companies in the world had a total market cap of $716,884 million (as of Mar 31, 2023), with Nestle SA having the highest ($335,686 million), followed by Mondelez International Inc ($95,050 million), and The Hershey Co ($51,909 million), while Grupo Bimbo SAB de CV is the lowest ($22,241 million). 

The Switzerland-based Nestle SA is the world’s leading Food company by market cap (as of Mar 31, 2023). The company reported revenues of $98,915 million for the fiscal year ended December 2022 (FY2022), an increase of 3.81% over FY2021. The company's product portfolio comprises baby foods, bottled water, cereals, chocolates and confectionery, coffee, culinary products, plant-based foods, chilled and frozen foods, dairy products, nutritional products, ice cream, and pet care products. It employs 275,000 people.  

The United States-based Mondelez International Inc is another leading Food company in the world by market cap (as of Mar 31, 2023). The company reported revenues of 31,496 for the fiscal year ended December 2022 (FY2022), an increase of 9.7% over FY2021. The company's product portfolio comprises snacks including cookies, crackers, salted snacks, chocolate, candy, cheese, and grocery and beverages. It employs 91,000 people.

Sourced from GlobalData