Insider Monkey
25 Biggest Food Companies in the World by Revenue
Ramish Cheema
9 min read

In This Article:

In this piece, we will take a look at the 25 biggest food companies in the world by revenue. If you want to skip our coverage of the global food industry and recent events, then you can check out 5 Biggest Food Companies in the World by Revenue.

Just like the oil industry, the food industry is another sector that is quite crucial to global economic well being. Over the course of time, advances in transportation have ensured that the global food industry is an intermix of products shipped all over the world, a fact that makes it quite vulnerable as the world witnessed in the aftermath of the Russian invasion of Ukraine. Since both countries are key global suppliers of commodities such as grain and wheat, their conflict made food prices surge all over as investors worried about supply chain shocks.

Similarly, advances in production and agriculture technology also mean that as countries such as India are able to utilize their natural advances for mass producing commodities such as sugar and rice, they are also able to influence global food prices as was evident last year in the rice industry after India banned its rice exports. For more details about the rice industry, you can check out Top 20 Rice Producing Countries In The World.

Since then, the global food industry and food prices have somewhat stabilized particularly after record interest rate hiking sprees by central banks. As opposed to high growth stock market sectors such as technology, food companies and food company stocks are more stable and do not entice investors who are chasing lucrative share price appreciations Their stability comes from the fact that food company stocks benefit from stable demand for their products even during an economic downturn. As a whole, these stocks are dubbed as consumer staples and you can find out more about them by reading 14 Best Consumer Staples Stocks To Buy Now.

Building on this, 2023 and 2024 have been marked by a renewed investor focus on technology stocks, with artificial intelligence companies such as NVIDIA Corporation (NASDAQ:NVDA) in particular attracting billions of dollars in capital. At the same time, this continuing popularity and utility of technology has also continued to affect the global food industry. For instance, the food industry is known for controversial products such as palm oil and the impact they have on global greenhouse gas emissions. On this front, a British startup focusing on manufacturing oils and fat sustainably scored a win in March 2024 when it secured €2.9 million in investments.

One particular area of the food industry that has been creating quite a bit of buzz these days is the cocoa industry. One of the hottest food raw materials over the past couple of years has been cocoa. Cocoa is used to make chocolate, and recent price movements in this commodity have meant that investing in cocoa might have been better for those fortunate to have done so than buying NVIDIA's shares before the start of the late 2022 - early 2023 AI wave on Wall Street. May cocoa futures crossed a whopping $10,000 per ton in March 2024, to mark a whopping 246% gain over the past twelve months. The reason cocoa prices are high is because there are supply disruptions in the production hub of Africa, with multiple analysts expecting that global cocoa supply will shrink over the next year or so.

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