[Ranking] TOP 23 Packaged Foods / Consumer Goods Companies Q3/2023
Intro
The packaged foods sub-industry, a vital segment of the consumer goods sector, plays a crucial role in the worldwide economy. With its diverse range of products, including ready-to-eat meals, snacks, beverages, and more, packaged foods have become an integral part of people's daily lives. These products provide convenience, variety, and sustenance to consumers across the globe.
Not only does the packaged foods industry satiate the hunger of millions, but it also has a profound influence on various sectors. From agriculture and manufacturing to transportation and retail, the ripple effects of this industry can be felt far and wide. It creates employment opportunities, drives innovation, and contributes significantly to the overall economic growth.
In recent years, the packaged foods industry has experienced remarkable growth and continues to show an upward trajectory. The increasing global population, rising disposable incomes, and changing consumer preferences have all contributed to the expansion of this sector. As a result, companies in the packaged foods industry have witnessed substantial revenue growth and market expansion.
Current trends and breakthroughs are shaping the packaged foods industry, with a focus on health-conscious and sustainable products. Consumers are demanding healthier options, leading companies to invest in research and development to create nutritious and environmentally-friendly offerings. However, the industry also faces obstacles such as changing regulations, supply chain disruptions, and the need to adapt to evolving consumer demands.
The landscape of the packaged foods industry is ever-changing, driven by constantly evolving consumer preferences, technological advancements, and market dynamics. As companies strive to stay ahead in this competitive market, innovation and adaptation become paramount. Exploring the leading companies in the packaged foods sub-industry will provide insights into their strategies, successes, and challenges as they navigate this dynamic landscape.
Ranking
#23 Snyder's-Lance
Employees: 6K
Revenue: 2B$
Website: https://www.snyderslance.com/
Description: Snyder's-Lance, headquartered in Charlotte, United States, is a leading player in the Packaged Foods industry. With a rich history dating back to 1912, the company has established itself as a prominent manufacturer and distributor of snack foods. Employing approximately 6,000 individuals, Snyder's-Lance operates with a mission to deliver high-quality, innovative, and flavorful products to consumers worldwide. The company's revenue stands at an impressive 2 billion dollars, reflecting its strong market presence and successful business operations. Snyder's-Lance continues to be a key player in the Packaged Foods industry, offering a wide range of snacks and treats that cater to diverse consumer preferences.
#22 McCormick & Company
Employees: 12K
Revenue: 5.4B$
Website: https://www.mccormick.com
Description: McCormick & Company is a leading player in the Packaged Foods industry. Headquartered in Hunt Valley, United States, the company has a rich history dating back to its founding in 1889. With approximately 12,000 employees, McCormick & Company operates in the consumer goods sector, specifically focusing on packaged foods. The company generates an impressive revenue of 5.4 billion dollars, solidifying its position as a key player in the industry. McCormick & Company is known for its diverse range of spices, seasonings, condiments, and other food products, which are widely used by consumers around the world. Its commitment to quality and innovation has enabled the company to establish a strong presence in the packaged foods market.
#21 TreeHouse Foods
Employees: 11.2K
Revenue: 6.1B$
Website: https://www.treehousefoods.com
Description: TreeHouse Foods, headquartered in Oak Brook, United States, is a leading player in the Packaged Foods industry. Founded in 2005, the company operates in North America and offers a wide range of packaged food products to its customers. With a workforce of approximately 11,200 employees, TreeHouse Foods focuses on producing high-quality, convenient, and affordable food options for consumers. The company has achieved significant success in the industry, generating an impressive revenue of 6.1 billion dollars. TreeHouse Foods continues to innovate and adapt to changing consumer preferences, ensuring its position as a key player in the competitive packaged foods market.
#20 The Clorox Company
Employees: 8.5K
Revenue: 6.2B$
Website: https://www.clorox.com/
Description: The Clorox Company, based in Oakland, United States, is a leading player in the Packaged Foods industry. Established in 1913, the company has a workforce of approximately 8,500 employees. With annual revenue of 6.2 billion dollars, Clorox is known for its wide range of consumer goods, including food and beverage products. The company operates in the packaged foods sector, offering popular brands like Hidden Valley, Kingsford, and Brita. Clorox's commitment to quality and innovation has made it a trusted name in the industry. Through its extensive product portfolio and strong market presence, Clorox continues to cater to the evolving needs of consumers in the packaged foods market.
#19 The J.M. Smucker Company
Employees: 8K
Revenue: 7.4B$
Website: https://www.jmsmucker.com
Description: The J.M. Smucker Company is a leading player in the Packaged Foods industry. Headquartered in Orrville, Ohio, United States, the company has been in operation since 1897. With a workforce of around 8,000 employees, Smucker is committed to providing high-quality food products to consumers. The company's revenue stands at an impressive 7.4 billion dollars, making it a major player in the industry. Smucker offers a wide range of packaged food products, including iconic brands like Smucker's jams and jellies, Jif peanut butter, Folgers coffee, and Pillsbury baking mixes, among others. With a strong focus on innovation, quality, and customer satisfaction, The J.M. Smucker Company continues to be a prominent name in the Packaged Foods industry.
#18 J.M. Smucker Company
Employees: 10K
Revenue: 8B$
Website: https://www.jmsmucker.com
Description: The J.M. Smucker Company, headquartered in Orrville, Ohio, is a leading player in the Packaged Foods industry. Established in 1897, the company has a rich history of providing high-quality food products to consumers. With over 10,000 employees, Smucker operates in various segments of the packaged foods market, including coffee, pet food, snacks, and consumer food products. The company's portfolio includes well-known brands like Smucker's, Jif, Folgers, Meow Mix, and Uncrustables. Smucker generates an annual revenue of around 8 billion dollars, making it a significant player in the industry. With its commitment to quality and innovation, the J.M. Smucker Company continues to be a trusted name in the packaged foods market.
#17 The Hershey Company
Employees: 15K
Revenue: 8.1B$
Website: https://www.thehersheycompany.com/
Description: The Hershey Company, headquartered in Hershey, United States, is a leading player in the Packaged Foods industry. Founded in 1894, the company has a rich history of producing high-quality chocolate and confectionery products. With approximately 15,000 employees, Hershey operates a diverse portfolio of brands, including Hershey's, Reese's, Kit Kat, and Twizzlers, among others. The company's revenue reached a staggering 8.1 billion dollars, making it a major player in the industry. Hershey's commitment to innovation, sustainability, and community engagement has solidified its position as a trusted and beloved brand among consumers worldwide. With a strong focus on delivering delicious and enjoyable treats, The Hershey Company continues to dominate the Packaged Foods market.
#16 Campbell Soup Company
Employees: 16K
Revenue: 8.1B$
Website: https://www.campbellsoupcompany.com/
Description: The Campbell Soup Company, headquartered in Camden, United States, is a leading player in the Packaged Foods industry. Founded in 1869, the company has a rich history of providing high-quality food products to consumers worldwide. With approximately 16,000 employees, Campbell Soup Company operates a diverse portfolio of brands that offer a wide range of packaged food products, including soups, sauces, snacks, beverages, and meals. The company's revenue stands at 8.1 billion dollars, reflecting its strong market presence and customer loyalty. Campbell Soup Company continues to innovate and adapt to changing consumer preferences, ensuring its position as a key player in the Packaged Foods industry.
#15 Hormel Foods
Employees: 20K
Revenue: 10B$
Website: https://www.hormelfoods.com/
Description: Hormel Foods, headquartered in Austin, United States, is a leading company in the Packaged Foods industry. With a history that dates back to 1891, Hormel Foods has established itself as a trusted brand in the consumer goods sector. The company operates in the production and distribution of various packaged food products, catering to a wide range of consumer preferences. Hormel Foods employs approximately 20,000 individuals who contribute to its success and growth. With a revenue of around 10 billion dollars, Hormel Foods continues to innovate and provide quality food products to consumers globally.
#14 Keurig Dr Pepper
Employees: 25K
Revenue: 11B$
Website: https://www.keurigdrpepper.com/
Description: Keurig Dr Pepper is a leading company in the Packaged Foods industry. With headquarters in Burlington, United States, the company operates in North America. Founded in 2018, Keurig Dr Pepper has grown to employ approximately 25,000 employees. The company generates an annual revenue of around 11 billion dollars. Keurig Dr Pepper is known for its expertise in providing a wide range of packaged food and beverage products, including coffee, tea, juices, carbonated soft drinks, and snacks. With a strong consumer goods portfolio, the company continues to innovate and meet the evolving needs of its customers in the Packaged Foods industry.
#13 Conagra Brands
Employees: 18K
Revenue: 11B$
Website: https://www.conagrabrands.com
Description: Conagra Brands, headquartered in Chicago, United States, is a leading player in the Packaged Foods industry. With a history dating back to 1919, the company has established itself as a prominent name in the consumer goods sector. Conagra Brands operates in the packaged foods segment, offering a wide range of food products to consumers. The company boasts a workforce of around 18,000 employees, and it has achieved annual revenue of approximately 11 billion dollars. With a diverse portfolio of popular brands, Conagra Brands continues to innovate and cater to the evolving needs of consumers in the packaged foods market.
#12 Kellogg Company
Employees: 30K
Revenue: 14B$
Website: https://www.kelloggs.com
Description: Kellogg Company, headquartered in Battle Creek, United States, is a leading player in the Packaged Foods industry. Founded in 1906, Kellogg operates globally and is known for its popular food brands such as Kellogg's, Keebler, Pringles, and Special K. With approximately 30,000 employees, the company generates a significant revenue of 14 billion dollars. Kellogg specializes in producing and marketing a wide range of packaged foods, including breakfast cereals, snacks, cookies, and convenience foods. The company's commitment to innovation and quality has enabled it to maintain a strong presence in the highly competitive consumer goods industry.
#11 Grupo Bimbo
Employees: 135K
Revenue: 14.2B$
Website: https://www.grupobimbo.com/en
Description: Grupo Bimbo, headquartered in Mexico City, is a major player in the Packaged Foods industry. With a history dating back to 1945, the company has established itself as a leader in the consumer goods sector. Grupo Bimbo operates in various markets, offering a diverse range of packaged food products. With a workforce of approximately 135,000 employees, the company is known for its strong global presence and extensive distribution network. In terms of revenue, Grupo Bimbo generates a staggering 14.2 billion dollars, making it one of the top performers in the industry.
#10 General Mills
Employees: 40K
Revenue: 18B$
Website: https://www.generalmills.com
Description: General Mills, headquartered in Minneapolis, United States, is a major player in the Packaged Foods industry. Founded in 1866, the company has a long-standing history in providing a wide range of packaged food products to consumers worldwide. With approximately 40,000 employees, General Mills operates numerous well-known brands and offers a diverse portfolio of food products, including cereals, snacks, baking mixes, yogurt, and frozen meals. The company's revenue stands at a robust 18 billion dollars, reflecting its strong presence and success in the industry. General Mills continues to innovate and adapt to changing consumer preferences, ensuring its position as a leading player in the Packaged Foods sector.
#9 Danone
Employees: 102K
Revenue: 25.3B$
Website: https://www.danone.com/
Description: Danone is a leading company in the Packaged Foods industry, operating in the Consumer Goods sector. Headquartered in Paris, France, the company was founded in 1919. With a workforce of approximately 102,000 employees, Danone generates significant revenue of around 25.3 billion dollars. The company is involved in various activities within the Packaged Foods industry, offering a wide range of products and brands. Danone focuses on providing healthy and sustainable food options to consumers worldwide. Through its innovative approach and commitment to nutrition, Danone continues to be a prominent player in the Packaged Foods industry.
#8 Mondelēz International
Employees: 80K
Revenue: 26B$
Website: https://www.mondelezinternational.com
Description: Mondelēz International, headquartered in Chicago, United States, is a leading player in the Packaged Foods industry. Founded in 2012, the company has grown to employ approximately 80,000 employees globally. With an impressive revenue of 26 billion dollars, Mondelēz International focuses on producing and distributing a wide range of packaged foods, including snacks, chocolates, biscuits, and beverages. The company's portfolio boasts popular brands such as Oreo, Cadbury, Toblerone, Trident, and Ritz. Mondelēz International operates in various markets worldwide, catering to the snacking needs of consumers with its diverse product offerings. Their commitment to innovation and quality has solidified their position as a prominent player in the Packaged Foods industry.
#7 The Kraft Heinz Company
Employees: 38K
Revenue: 26B$
Website: https://www.kraftheinzcompany.com/
Description: The Kraft Heinz Company, headquartered in Chicago, United States, is a major player in the Packaged Foods industry. Established in 2015, the company has a workforce of approximately 38,000 employees. With an impressive revenue of 26 billion dollars, Kraft Heinz operates globally and offers a diverse range of packaged food products to consumers. Their portfolio includes iconic brands like Kraft, Heinz, Oscar Mayer, and Philadelphia, among others. Leveraging their extensive experience and market presence, Kraft Heinz consistently delivers high-quality and innovative food products to meet the evolving needs of consumers in the consumer goods industry.
#6 Mondelez International
Employees: 80K
Revenue: 26.6B$
Website: https://www.mondelezinternational.com
Description: Mondelez International is a leading player in the Packaged Foods industry, primarily operating in the Consumer Goods sector. With its headquarters located in East Hanover, United States, the company has established itself as a global powerhouse. Mondelez International was founded in 2012 and currently employs around 80,000 individuals worldwide. The company generates substantial revenue, with its annual earnings reaching approximately 26.6 billion US dollars. Mondelez International is renowned for its diverse portfolio of iconic brands, which include Oreo, Cadbury, Toblerone, and Ritz. As a key player in the Packaged Foods industry, Mondelez International continues to innovate and deliver high-quality products to consumers across the globe.
#5 The Coca-Cola Company
Employees: 86K
Revenue: 37B$
Website: https://www.coca-colacompany.com/
Description: The Coca-Cola Company, headquartered in Atlanta, United States, is a leading player in the Packaged Foods industry. With a rich history dating back to 1892, the company has established itself as a global beverage giant. Employing approximately 86,000 individuals worldwide, Coca-Cola generates a staggering revenue of 37 billion dollars. The company's iconic portfolio of products includes Coca-Cola, Diet Coke, Sprite, Fanta, and many more. With a strong presence in over 200 countries, Coca-Cola's success can be attributed to its effective marketing strategies, extensive distribution network, and continuous product innovation. As a key player in the Packaged Foods industry, Coca-Cola remains committed to delivering refreshing and enjoyable beverages to consumers across the globe.
#4 Tyson Foods
Employees: 141K
Revenue: 43B$
Website: https://www.tysonfoods.com/
Description: Tyson Foods, headquartered in Springdale, United States, is a leading player in the Packaged Foods industry. With a history dating back to 1935, the company has established itself as a major producer of meat and poultry products. Tyson Foods operates a vast network of processing plants and distribution centers across North America. The company's portfolio includes popular brands like Tyson, Hillshire Farm, Jimmy Dean, and Ball Park. With a workforce of approximately 141,000 employees, Tyson Foods generates significant revenue, amounting to 43 billion dollars. Known for its commitment to quality and innovation, Tyson Foods continues to be a dominant force in the Packaged Foods sector, catering to a wide range of consumer needs.
#3 Unilever
Employees: 155K
Revenue: 52.7B$
Website: https://www.unilever.com/
Description: Unilever is a leading global company operating in the Packaged Foods industry. Headquartered in Rotterdam, Netherlands, Unilever has a rich history dating back to 1930. With a workforce of approximately 155,000 employees, the company is dedicated to delivering high-quality food products to consumers worldwide. Unilever's extensive range of packaged foods includes popular brands such as Knorr, Hellmann's, Lipton, and Magnum. The company's commitment to sustainability is evident in its efforts to reduce environmental impact and promote responsible sourcing across its supply chain. Unilever continues to innovate and adapt to changing consumer preferences, positioning itself as a market leader in the Packaged Foods industry.
#2 PepsiCo
Employees: 267K
Revenue: 70B$
Website: https://www.pepsico.com/
Description: PepsiCo, headquartered in Purchase, United States, is a leading company in the Packaged Foods industry. With a history dating back to 1965, PepsiCo has grown to become a global powerhouse in the consumer goods sector. The company operates in various segments, including beverages, snacks, and foods. Known for its iconic brands like Pepsi, Lay's, Gatorade, and Tropicana, PepsiCo offers a wide range of packaged food products to cater to different consumer preferences. With a massive employee base of approximately 267,000 individuals, PepsiCo generates significant revenue, with annual earnings reaching around 70 billion dollars. As a key player in the Packaged Foods industry, PepsiCo continues to innovate and expand its product portfolio to meet the evolving needs of consumers worldwide.
#1 Nestle
Employees: 308K
Revenue: 92.6B$
Website: https://www.nestle.com/
Description: Nestle, headquartered in Vevey, Switzerland, is a leading player in the Packaged Foods industry. With a history dating back to 1866, the company has established itself as a global powerhouse in the consumer goods sector. Nestle operates across various continents and countries, offering a wide range of packaged food products to consumers worldwide. The company's diverse portfolio includes popular brands such as Nescafé, KitKat, Maggi, and Nesquik, among others. With a workforce of approximately 308,000 employees, Nestle is committed to delivering high-quality, nutritious, and sustainable food options. In 2020, the company reported a revenue of 92.6 billion dollars, solidifying its position as one of the industry's key players.
Summary
The packaged foods sub-industry, within the larger consumer goods sector, is a highly competitive market with several key players vying for the top positions. In our analysis, we have identified the top companies based on their market rankings and significant accomplishments.
One unexpected finding from our investigation was the impressive growth of these top packaged foods companies despite the challenges posed by the COVID-19 pandemic. These firms have adapted swiftly to changing consumer preferences and demands, leveraging their strong brand presence and robust distribution networks to maintain their market positions.
Among the premier companies in the packaged foods sub-industry are industry giants such as Nestle, Kraft Heinz, General Mills, and Kellogg's. These companies have established themselves as household names, offering a wide range of popular packaged food products.
A key driver of success for these leading firms is their focus on innovation and product development. Constantly introducing new and exciting flavors, formats, and packaging options, these companies have managed to stay ahead of the competition and cater to evolving consumer tastes.
What sets these eminent packaged foods companies apart from their industry rivals is their commitment to sustainability and social responsibility. They actively invest in environmentally friendly practices, such as sustainable sourcing of ingredients, reducing food waste, and promoting recycling initiatives. Additionally, these companies actively engage in philanthropy and community development programs, reinforcing their positive brand image.