[Ranking] TOP 24 Food Retail / Food and Beverage Companies Q3/2023
Intro
The food retail industry plays a vital role in the worldwide economy, as it is responsible for providing consumers with access to a wide variety of food products. This sub-industry operates within the larger Food and Beverage sector, which encompasses everything from agriculture and food processing to distribution and retailing. Food retail companies are at the forefront of ensuring that consumers have access to safe and nutritious food options.
With a profound influence on consumer behavior, the food retail industry has ripple effects across diverse sectors. For instance, the industry's purchasing decisions have an impact on the agricultural sector, influencing the types of crops that are grown and the farming techniques employed. Additionally, the industry's marketing and advertising efforts can shape consumer preferences and trends, which can trickle down to affect food packaging, product innovation, and even restaurant menus.
The economic magnitude of the food retail industry is staggering. In recent years, it has experienced significant growth, driven by factors such as population growth, urbanization, and changing consumer preferences. The industry is projected to continue its upward trajectory, with a strong focus on organic and sustainable food options. With an increasing emphasis on health and wellness, food retail companies are constantly evolving to meet consumer demands.
In the food retail industry, several trends, breakthroughs, and obstacles are currently shaping the landscape. One major trend is the rise of e-commerce and online grocery shopping, which has been accelerated by the COVID-19 pandemic. This shift in consumer behavior has prompted companies to invest heavily in online platforms and delivery infrastructure. On the other hand, companies are also facing challenges such as rising food prices, supply chain disruptions, and the need to address sustainability concerns.
The food retail industry is a dynamic and ever-changing landscape. Companies within this sector must navigate a complex web of factors, including changing consumer preferences, technological advancements, and regulatory requirements. As a result, the industry is constantly evolving, creating opportunities for innovation and competition among its leading companies.
Ranking
#24 Kohl's Corporation
Employees: 37K
Revenue: 18B$
Website: https://www.kohls.com
Description: Kohl's Corporation, headquartered in Menomonee Falls, Wisconsin, is a prominent player in the Food Retail industry in North America. Founded in 1962, the company operates a chain of department stores offering a wide range of food products and beverages. With a workforce of approximately 37,000 employees, Kohl's Corporation generates an estimated annual revenue of 18 billion dollars. The company is known for its strong presence and customer-centric approach in the food retail sector, providing a diverse selection of quality food items to meet the needs of its customers.
#23 Meijer, Inc.
Employees: 70K
Revenue: 22B$
Website: https://www.meijer.com
Description: Meijer, Inc. is a leading food retail company headquartered in Grand Rapids, United States. Established in 1934, Meijer operates a chain of supermarkets and hypermarkets across North America. With a workforce of approximately 70,000 employees, the company offers a wide range of food and beverage products to its customers. Meijer is known for its commitment to providing high-quality products at affordable prices, catering to the needs of diverse consumer segments. In addition to offering groceries, the company also provides various other products such as apparel, electronics, and household items. With annual revenue of around 22 billion dollars, Meijer has established itself as a prominent player in the food and beverage retail industry.
#22 J Sainsbury Plc
Employees: 179K
Revenue: 29.0B$
Website: https://www.about.sainsburys.co.uk/
Description: J Sainsbury Plc is a leading food retail company based in London, United Kingdom. Established in 1869, the company has grown to become one of the largest players in the industry. With a workforce of approximately 179,000 employees, Sainsbury operates a vast network of supermarkets, convenience stores, and online grocery services across the UK. The company's primary focus is on providing high-quality food and beverage products to its customers. Sainsbury's revenue stands at around 29.0 billion US dollars, making it a significant contributor to the food and beverage industry in the United Kingdom and beyond.
#21 Metro AG
Employees: 100K
Revenue: 30B$
Website: https://www.metroag.de/
Description: Metro AG is a leading company in the Food Retail industry, operating primarily in Europe. With its headquarters in Dusseldorf, Germany, Metro AG has been serving customers since its establishment in 1964. The company boasts a workforce of approximately 100,000 employees, who contribute to its annual revenue of around 30 billion US dollars. Metro AG focuses on providing food and beverage products through its various retail formats, including Cash & Carry stores, supermarkets, and online platforms. The company's commitment to quality and customer satisfaction has enabled it to establish a strong presence in the food retail sector, catering to the diverse needs of both individual customers and businesses.
#20 Dollar General Corporation
Employees: 143K
Revenue: 33B$
Website: https://www.dollargeneral.com/
Description: Dollar General Corporation is a leading food retailer in the United States. Headquartered in Goodlettsville, Tennessee, the company operates thousands of stores across the country, providing customers with a wide range of food and beverage products at affordable prices. Founded in 1939, Dollar General has grown to become one of the largest food retail chains in the nation. With over 143,000 employees, the company is dedicated to serving communities by offering quality food products and household essentials. Dollar General's annual revenue exceeds 33 billion dollars, making it a major player in the food and beverage industry.
#19 Publix Super Markets, Inc.
Employees: 200K
Revenue: 40B$
Website: https://www.publix.com/
Description: Publix Super Markets, Inc. is a food retail company headquartered in Lakeland, United States. Founded in 1930, Publix operates in the Food and Beverage industry. With approximately 200,000 employees, Publix has established itself as a leading player in the industry. The company generates an annual revenue of 40 billion dollars, making it a significant contributor to the food retail sector. Publix is known for its commitment to providing high-quality products and exceptional customer service, which has contributed to its success and growth over the years.
#18 7-Eleven, Inc.
Employees: 50K
Revenue: 45B$
Website: https://www.7-eleven.com/
Description: 7-Eleven, Inc. is a leading food retail company headquartered in Dallas, United States. With a history dating back to 1927, the company operates a vast network of convenience stores globally. 7-Eleven is known for its 24/7 operations and offers a wide range of products including beverages, snacks, fresh food, and household essentials. The company has approximately 50,000 employees who work diligently to provide convenient and accessible services to customers. Generating an estimated revenue of 45 billion dollars, 7-Eleven has established itself as a prominent player in the food retail industry, catering to the needs of consumers around the world.
#17 Best Buy Co., Inc.
Employees: 125K
Revenue: 47B$
Website: https://www.bestbuy.com/
Description: Best Buy Co., Inc., headquartered in Richfield, United States, is a leading player in the Food Retail industry. Founded in 1966, the company has a workforce of approximately 125,000 employees. Best Buy operates a chain of retail stores that specialize in consumer electronics and appliances. With its extensive range of products and services, the company has successfully established itself as a trusted destination for customers seeking the latest gadgets and home appliances. Best Buy's revenue stands at around 47 billion US dollars, making it a major player in the industry.
#16 Sysco Corporation
Employees: 57K
Revenue: 60.1B$
Website: https://www.sysco.com
Description: Sysco Corporation is a leading food retail company headquartered in Houston, United States. With a strong presence in the North American market, Sysco operates as a global leader in food and beverage distribution. Founded in 1969, the company has grown to employ approximately 57,000 employees worldwide. Sysco generates a staggering revenue of 60.1 billion dollars annually, making it one of the largest players in the food retail industry. As a trusted partner to restaurants, healthcare facilities, hotels, and educational institutions, Sysco provides a wide range of products including fresh and frozen foods, pantry staples, cleaning supplies, and kitchen equipment. Through its extensive network and efficient supply chain, Sysco ensures that its customers have access to high-quality products and services, enabling them to deliver exceptional dining experiences to their own clientele.
#15 Albertsons Companies, Inc.
Employees: 280K
Revenue: 62B$
Website: https://www.albertsons.com
Description: Albertsons Companies, Inc. is a leading food retail company headquartered in Boise, United States. With a rich history dating back to 1939, the company operates in the Food and Beverage industry. Albertsons Companies, Inc. employs approximately 280,000 individuals and generates a revenue of 62 billion USD. The company is known for its diverse range of grocery products and operates under various banners including Albertsons, Safeway, Vons, Jewel-Osco, and others. With a strong presence in North America, Albertsons Companies, Inc. is committed to providing quality food and exceptional customer service to its millions of customers.
#14 Tesco PLC
Employees: 400K
Revenue: 64.8B$
Website: https://www.tesco.com/
Description: Tesco PLC, headquartered in Welwyn Garden City, United Kingdom, is a leading food retail company operating in the Food and Beverage industry. Founded in 1919, Tesco has grown to become one of the largest retail chains in the world. With over 400,000 employees, Tesco serves millions of customers across Europe, Asia, and North America. The company offers a wide range of food products, including fresh produce, groceries, and household items. Tesco is known for its commitment to quality, affordability, and customer satisfaction. With an annual revenue of 64.8 billion dollars, Tesco continues to be a dominant player in the food retail industry.
#13 Ahold Delhaize
Employees: 410K
Revenue: 70B$
Website: https://www.aholddelhaize.com/
Description: Ahold Delhaize, headquartered in Zaandam, Netherlands, is a prominent player in the Food Retail industry in Europe. With a history dating back to 1887, the company was formed as a result of the merger between Ahold and Delhaize Group in 2016. Ahold Delhaize operates a diverse portfolio of supermarket chains, including Albert Heijn, Delhaize, and Food Lion, serving millions of customers across Europe and the United States. The company's focus is on providing customers with high-quality, affordable, and sustainable food products. Ahold Delhaize has a large workforce of approximately 410,000 employees and generates annual revenue of around 70 billion US dollars.
#12 Carrefour SA
Employees: 320K
Revenue: 77.9B$
Website: https://www.carrefour.com/
Description: Carrefour SA, headquartered in Paris, France, is a leading player in the global food retail industry. Founded in 1959, Carrefour operates a vast network of hypermarkets, supermarkets, and convenience stores across Europe and other continents. With approximately 320,000 employees, the company serves millions of customers daily, offering a wide range of food and beverage products, as well as household goods and other consumer products. Carrefour's revenue reached 77.9 billion USD, solidifying its position as one of the largest players in the industry. Committed to sustainability and innovation, Carrefour continuously strives to enhance the shopping experience for its customers and contribute to the communities it serves.
#11 Target Corporation
Employees: 360K
Revenue: 78B$
Website: https://www.target.com
Description: Target Corporation, headquartered in Minneapolis, United States, is a prominent player in the Food Retail industry. Founded in 1902, Target has grown to become one of the largest retail chains in the country. With approximately 360,000 employees, Target operates numerous stores across North America, offering a wide range of food and beverage products to its customers. The company has established a strong online presence through its website, allowing customers to conveniently shop for groceries and other food items. Target Corporation has achieved significant annual revenue of 78 billion dollars, solidifying its position as a leading player in the food retail sector.
#10 Aldi Einkauf GmbH & Co. OHG
Employees: 160K
Revenue: 80B$
Website: https://www.aldi.com/
Description: Aldi Einkauf GmbH & Co. OHG, headquartered in Essen, Germany, is a leading player in the Food Retail industry. Established in 1913, Aldi has grown to become one of the largest grocery store chains globally. With approximately 160,000 employees, Aldi operates thousands of stores across Europe, North America, and Australia. The company offers a wide range of affordable food and beverage products, including fresh produce, canned goods, dairy products, and household essentials. Aldi's business model focuses on providing high-quality products at competitive prices through efficient supply chain management and minimal store layouts. In 2020, Aldi reported an impressive revenue of 80 billion dollars, solidifying its position as a key player in the food retail market.
#9 Lowe's Companies, Inc.
Employees: 300K
Revenue: 90B$
Website: https://www.lowes.com
Description: Lowe's Companies, Inc., headquartered in Mooresville, United States, is a leading retailer in the Food Retail industry. Founded in 1946, the company operates a chain of home improvement and appliance stores across North America. With approximately 300,000 employees, Lowe's is dedicated to providing a wide range of food and beverage products to its customers. The company has achieved substantial revenue growth, with annual revenue reaching 90 billion US dollars. Lowe's commitment to customer satisfaction and its extensive product offerings have positioned it as a key player in the food retail sector.
#8 Lidl Stiftung & Co. KG
Employees: 315K
Revenue: 103B$
Website: https://www.lidl.de
Description: Lidl Stiftung & Co. KG is a leading food retail company headquartered in Neckarsulm, Germany. Since its founding in 1973, Lidl has grown to become one of the largest supermarket chains in Europe. With over 10,000 stores across 32 countries, Lidl offers a wide range of products including fresh produce, dairy, meat, bakery items, and household essentials. The company focuses on providing high-quality products at affordable prices, catering to the needs of budget-conscious consumers. Lidl is known for its efficient supply chain and streamlined business model, which allows them to offer competitive prices while maintaining profitability. With a workforce of approximately 315,000 employees, Lidl continues to expand its presence globally and innovate in the food retail industry.
#7 The Kroger Co.
Employees: 500K
Revenue: 115B$
Website: https://www.kroger.com
Description: The Kroger Co. is a leading food retail company headquartered in Cincinnati, United States. Established in 1883, the company has become one of the largest supermarket chains in North America. With approximately 500,000 employees, Kroger operates a vast network of grocery stores, convenience stores, and online delivery services, providing a wide range of food and beverage products to customers across the United States. The company's revenue reached 115 billion US dollars, solidifying its position as a major player in the food retail industry. Kroger's commitment to customer satisfaction and innovation has enabled it to thrive in a highly competitive market and remain a trusted name in the grocery industry.
#6 The Home Depot, Inc.
Employees: 400K
Revenue: 132.1B$
Website: https://www.homedepot.com
Description: The Home Depot, Inc., headquartered in Atlanta, United States, is a leading player in the Food Retail industry. Founded in 1978, the company has established itself as a major retailer of food and beverage products. With a workforce of 400,000 employees, The Home Depot operates a vast network of stores across North America, catering to a wide range of customer needs. The company has achieved remarkable financial success, generating an impressive revenue of 132.1 billion dollars. The Home Depot is committed to providing quality products and exceptional customer service, making it a go-to destination for consumers in the food retail sector.
#5 Walgreens Boots Alliance, Inc.
Employees: 450K
Revenue: 139.5B$
Website: https://www.walgreensbootsalliance.com
Description: Walgreens Boots Alliance, Inc. is a leading food retail company headquartered in Deerfield, United States. With operations in North America, Europe, and Asia, the company operates a vast network of retail stores, pharmacies, and health and wellness services. Founded in 2014, Walgreens Boots Alliance has a workforce of approximately 450,000 employees. The company generates significant revenue, with an annual revenue of 139.5 billion dollars. Through its retail outlets and online platforms, Walgreens Boots Alliance offers a wide range of food and beverage products, including groceries, snacks, beverages, and health-oriented food items. With a strong commitment to customer satisfaction and convenience, Walgreens Boots Alliance continues to be a prominent player in the food retail industry.
#4 Costco Wholesale Corporation
Employees: 273K
Revenue: 166.8B$
Website: https://www.costco.com
Description: Costco Wholesale Corporation, headquartered in Issaquah, United States, is a leading player in the Food Retail industry. Founded in 1983, the company has grown to become one of the largest food retailers in North America. With over 273,000 employees, Costco operates warehouse clubs offering a wide range of food and beverage products at competitive prices. The company's revenue reached 166.8 billion dollars, reflecting its strong presence and success in the industry. Costco's commitment to providing quality products and excellent customer service has contributed to its popularity among consumers and solidified its position as a dominant player in the food retail sector.
#3 CVS Health Corporation
Employees: 300K
Revenue: 268B$
Website: https://www.cvs.com
Description: CVS Health Corporation, headquartered in Woonsocket, United States, is a leading player in the Food Retail industry. Established in 1963, the company has grown to become a major player in the industry, with approximately 300,000 employees. CVS Health Corporation operates a vast network of retail pharmacies, offering various health and wellness products, prescription medications, and over-the-counter drugs. In addition to its pharmacy services, the company also operates retail stores that sell a wide range of food and beverage products, catering to the needs of consumers. With a revenue of 268 billion dollars, CVS Health Corporation has established itself as a key player in the Food Retail industry.
#2 Amazon.com, Inc.
Employees: 1.3M
Revenue: 386.1B$
Website: https://www.amazon.com
Description: Amazon.com, Inc. is a leading player in the Food Retail industry. Headquartered in Seattle, United States, Amazon was founded in 1994. With a workforce of approximately 1.3 million employees, the company has established itself as a major player in the industry. Amazon's revenue is reported to be around 386.1 billion USD. The company operates a highly successful online platform that offers a wide range of food and beverage products to customers worldwide. Amazon's commitment to customer satisfaction, efficient logistics, and competitive pricing has contributed to its success in the food retail sector.
#1 Walmart Inc.
Employees: 2.3M
Revenue: 559B$
Website: https://www.walmart.com
Description: Walmart Inc. is a multinational retail corporation headquartered in Bentonville, United States. Founded in 1962, it operates in the food retail industry, offering a wide range of food and beverage products to consumers. With approximately 2.3 million employees worldwide, Walmart is one of the largest employers in the industry. The company generates a revenue of 559 billion US dollars, making it one of the top players in the food retail sector. Walmart's website provides customers with convenient online shopping options and access to various food retail services.
Summary
The analysis of the Food Retail sub-industry reveals several key takeaways. The top companies in this sector have achieved remarkable success in terms of revenue and market share. The leading companies include Walmart, Kroger, Amazon, Costco, and Albertsons.
One unexpected finding is the significant impact of online grocery shopping on the Food Retail industry. Companies like Amazon have capitalized on the growing trend of e-commerce, leveraging their existing infrastructure to offer convenient grocery delivery services. This has disrupted traditional brick-and-mortar retailers and forced them to adapt to the changing consumer behavior.
Walmart, the largest food retailer in the world, has made substantial investments in its grocery business. With a vast network of stores and a strong supply chain, Walmart offers a wide range of products at competitive prices. Kroger, another major player, focuses on customer loyalty programs and personalized shopping experiences.
A common element driving the prosperity of these leading firms is their ability to adapt to changing consumer preferences. They have embraced technology and invested in e-commerce capabilities to meet the growing demand for online grocery shopping. Additionally, these companies prioritize customer satisfaction by offering competitive prices, high-quality products, and convenient shopping experiences.
What sets these eminent companies apart from their industry rivals is their scale and resources. They have the financial strength and operational efficiencies to invest in technology, infrastructure, and marketing campaigns. Moreover, their established brand reputation and customer trust give them a competitive edge in the market.