Published on 30 Mar 2024 on Insider Monkey via Yahoo Finance
25 Biggest Food Companies in the World by Revenue
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.