Top 10 Food Companies in the World by Market Capitalization

It’s about time for food consumers to get to know about their preferred top ten food companies based on the market capitalization index (as of December 31st, 2022). And not just that but, we’ll also be sharing other economic facts about the top 5 companies out of these 10. 

According to the Global Data report, Nestle SA retains its first place in the list by generating a profit of a total of $319,215 million worldwide with Mondelez International Inc. ($91,018 million) residing on the second and, The Kraft Heinz Co. on the third ($49,867 million). While it is possible for companies to have a high market cap but low revenue, such data depicts the high stock values for the corresponding companies. This represents the confidence of the general public at a certain point in time and hence, the overall market reputation of the company.

List of Top 10 Food Companies in the World by Market Capitalization (By Global Data)

Company NameHeadquartersSectorMarket Capital
Nestle SASwitzerlandConsumer Packaged Goods$319,215 million
Mondelez International Inc.United States of AmericaConsumer Packaged Goods$91,018 million
The Kraft Heinz CoUnited States of AmericaConsumer Packaged Goods$49,867 million
General Mills Inc.United States of AmericaConsumer Packaged Goods$49,439 million
The Hershey CoUnited States of AmericaConsumer Packaged Goods$47,491 million  
Danone SAFranceConsumer Packaged Goods$35,607 million  
Inner Mongolia Yili Industrial Group Co LtdChinaConsumer Packaged Goods$28,493 million  
Kellogg CoUnited States of AmericaConsumer Packaged Goods$24,313 million  
McCormick & Co Inc.United States of AmericaConsumer Packaged Goods$22,219 million  
Wilmar International LtdSingaporeAgriculture and Forestry$19,877 million  

Interesting facts about the top 5 food companies

Now, as promised, here are a few interesting facts about the top 5 food companies in the world according to market capitalization.

Nestle SA

Nestle is a leading Swiss-based food and beverage company according to its market cap (as of December 2022). Founded in 1866 by Henry Nestle, the company has 2,000 brands with operations in more than 190 countries. Its consumer products include baby foods, dairy products, bottled water, coffee, cereals, pet care products, chocolates, culinary products, frozen foods, plant-based foods, and much more.

Financially analyzing, Nestlé was replaced by Anheuser-Busch InBevi in 2018 but, has otherwise, held the title of the top food company for more than a decade. The company reported revenue of $98,915 million for the fiscal year 2022 ending in December resulting in an upturn of 3.81% over the fiscal year 2021. The company currently employs around 275,000 people and values sustainability and social responsibility which it divides into three main categories:

  • Transparent reportage;
  • Carbon footprint reduction; and
  • Promoting paper-based packaging.

Mondelez International Inc

Mondelez International Inc. is another leading Food company in the world based in the United States of America. Founded in 2012 following the fragmentation of the former Kraft Foods Inc. into two distinct companies, Mondelez Inc. specializes in developing consumer food products. These products include crackers, cookies, chocolate, salted snacks, cheese, candy, grocery items, and beverages. Leading top brands such as LU biscuits, Oreo, Cadbury Dairy Milk, belVita, Milka, Toblerone chocolate, Trident gum, Ritz, Halls, Chips Ahoy! And, Sour Patch Kids candy.

Financially analyzing, the company reported revenue of $31,496 million for the fiscal year 2022 ending December resulting in an upturn of 9.7% over the fiscal year 2021. The company currently employs around 80,000 people and believes in providing sustainable growth by following its three strategic planning priorities:

  • Consumer-centric development
  • Achieving operational brilliance and
  • Inspiring a winning growth culture

Kraft Heinz Co

The Kraft Heinz Company is one of the high-ranking food and beverage companies in the world, based in the United States of America. Formed in 2015 following the merger of H.J. Heinz Company and Kraft Foods Group, the company leads with eight $1 billion+ brands, products marketed in over 40 countries, and producing sales of around $25 billion worldwide. These products include dairy and cheese, meals, coffee, nutrition products, grocery items, condiments and sauces, refreshment beverages, and infant foods. Leading the top brands like Kraft, Heinz, Philadelphia, Oscar Mayer, Velveeta, Maxwell House, Jell-O, Lunchables, Capri Sun, Kool-Aid, and Classico, among others. The company believes in social responsibility hence, developing a Global partnership with Rise Against Hunger. Kraft Heinz is co-headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania.

General Mills

General Mills is a leading American multinational food company founded in 1856 as a flour mill. The company leads in food products marketed to mass merchandisers, convenience stores, grocery stores, and other vendors worldwide. The company leads with brands like Betty Crocker, Haagen-Dazs, Nature Valley, Cheerios, Pillsbury, and Yoplait, among others, with a presence in over 100 countries. It has also shown a strong commitment to sustainability setting ambitious targets. These targets include plummeting the environmental footprint and promoting sustainable agriculture. And along with undertaking environmental issues, it engages actively in philanthropic efforts. The company works with hunger relief, education, and community development organizations. General Mills is headquartered in Minneapolis, Minnesota.

The Hershey Co

The Hershey Company is another American multinational food and beverage company founded in 1894 by Milton Hershey and has since become one of the largest chocolate manufacturers in the world. The company leads with iconic chocolate brands, such as Hershey’s, Reese’s, Jolly Rancher, Kit Kat, SkinnyPop, Twizzlers, Pirate’s Booty, and Ice Breakers, among other 90 brands. Its products are sold in more than 60 countries generating $8 billion in revenues annually and employing around 17,000 worldwide. Committing to sustainability, the company has set a target to shrink its environmental footprint and promote viable sourcing of key ingredients, such as cocoa. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company is actively engaged in philanthropic efforts like supporting child education and empowerment through programs such as the Milton Hershey School and the Hershey Learn to Grow program. The company is headquartered in Hershey, Pennsylvania.

These were the top 10 companies in the world according to the market capitalization index which represents the prevailing confidence of the general public. Alongside, some major facts about the top 5 companies for the intriguing audience to help them know better about the companies they put their confidence in. Did you find it interesting to know the major facts about these companies? Let us know your thoughts about the assessment of the top 10 companies in the world, in the comments section.