Top Nestle Competitors across the world (Updated in 2023)

The top Nestle competitors are Mondelez, MARS, Kraft Foods, Danone, Hershey’s, Heinz, Unilever and others.  Nestle is an eminent food and drink company located in Switzerland.  The company is one of the largest food companies in the world. The business operations include producing about 2000 brands where their main products fall into categories of tea, coffee, bottled water, medical and baby food, breakfast cereals, confectionery products, and lots more.

The company is seen in about 189 countries worldwide. One of the famous products of Nestle is the Nestle milk chocolate which is a chocolate bar. It is liked by many people and also sold in many countries. The company focuses on the fact to produce and supply great quality and healthy food products. Nestle has a huge portfolio of products and sees an enormous competitor across the food industries.

Through this article, let us discuss the top Nestle competitors.

Top Nestle competitors

1) Mondelez

• Product type: Snack foods, and beverages
• Industry: Food and beverage
• Founded: December 10, 1923, as Kraft Foods Inc.
• Founders: Thomas H. McInnerney and Edward E. Rieck
• Headquarters: Chicago, Illinois, United States
• Area served: Worldwide
• Current CEO: Dirk Van de Put
• Revenue: $8.507B (June 30, 2023)
• Number of employees: 91,000 (2022)
• Market cap: $96.77B (August 21, 2023)

A top Nestle competitor, Mondelez is headquartered in Illinois and formed during the year 2012. It is a foremost snack company of Illinois. The company produces various products like chocolate, beverages, cookies, and confectionery.

Their business operations are spread across the world and their source of revenue is from outside the United States as well. Mondelez main products categories are chocolate, biscuit, candy, grocery, and cheese. The company keeps innovating new products that provide great taste and is liked by all.

Mondelez International empowers people to snack right in over 150 countries around the world. Mondelez International employs approximately 91,000 diverse and talented employees in its factories, offices, research & development facilities, and distribution activities around the world. Mondelez net income for the quarter ending June 30, 2023 was $0.944B. Mondelez gross profit for the quarter ending June 30, 2023 was $3.354B.

The products are prepared in such a way that the taste suit to the particular place. The company has great market dominance and it periodically modifies its products. The brand’s fastest growing categories are gum, candy, cookies, and chocolate. Due to their great and attractive categories, Mondelez is considered as one of the top Nestle competitors.

2) MARS

• Product type: Snack foods, confectionery, and pet care products
• Industry: Food and beverage
• Founded: 1911, as Mar-O-Bar Company
• Founders: Frank C. Mars and Ethel Mars
• Headquarters: McLean, Virginia, United States
• Area served: Worldwide
• Current CEO: Grant F. Reid
• Revenue: 20 billion U.S. dollars (2022)
• Number of employees: 100,000

Also regarded as a top Nestle competitor, Mars is a famous food industry and is the topmost producer of confectionary products. The company was formed during the year 1911 and is located in the United States. The various confectionary products that this company produces are Twix, Mars bars, M&M’s, Snickers, Skittles and Milky Way bars.

Apart from the confectionary products, the company produces some non-confectionary products as well which includes Uncle Ben’s rice, pasta sauce etc. and pet foods includes Whiskas, pedigree and Nutro brands. But the most liked product across the world is their chocolate production.  The company provides food with great taste and quality. Along with great taste and quality, the prices for their products are also feasible. The business operations are span across their 12 manufacturing units.

Mars is a popular workplace in Europe, with close to 15,000 European workers and almost 100,000 employees worldwide. Mars’ popular products in 2022 include Milky Way, Snickers, M&Ms, Twix, and pet food brands such as Pedigree and Iams.

Their product line is Bounty, Snickers, Orbit, Bonty, and Chewing gum. Their customers are huge and they focus on offering them healthy products. As they have a great product line which is liked by customers, MARS is considered as one of the top Nestle competitors.

3) Kraft Foods

• Product type: Snack foods, and beverages
• Industry: Food and beverage
• Founded: 1903, as J.L. Kraft & Bros. Company
• Founders: James L. Kraft and Charles L. Kraft
• Headquarters: Northfield, Illinois, United States
• Area served: Worldwide
• Current CEO: Miguel Patricio
• Revenue: $6.721B (June 30, 2023)
• Number of employees: 37,000 (2022)
• Market cap: $41.34B (August 21, 2023)

Kraft Foods is a popular food processing company that was formed during the year 2012. It is an American company into manufacturing and processing conglomerate. It is headquartered in Chicago and is a part of Kraft Heinz Company.

The company mainly focuses on grocery products for the markets in North America. Until it got merged with Heinz, Kraft Foods Group is like an independent company that was listed on the NASDAQ stock exchange. During the year 2015, Kraft got fully merged with Heinz. The key reason for Kraft Foods success is due to its success in a merger with Heinz and Cadbury’s. This company was one of the foremost to start content marketing and it is taken care through the CRM activities.

Kraft Heinz net income for the quarter ending June 30, 2023 was $1.000B. Kraft Heinz gross profit for the quarter ending June 30, 2023 was $2.261B. Kraft Foods’ products are made at more than 220 manufacturing facilities around the world and are sold in more than 140 countries.

The company manufactures multiple products which are seen in many categories like sauces, chocolates, dairy products, desserts, and many more.  Due to the wide distribution of the company products, Kraft Foods is considered as one of the top Nestle competitors.

4) Danone

• Product type: Snack foods, and beverages
• Industry: Food and beverage
• Founded: 1919, as Danone
• Founders: Isaac Carasso
• Headquarters: Paris, France
• Area served: Worldwide
• Current CEO: Antoine de Saint-Affrique
• Revenue: €27.9b (2023)
• Number of employees: 96,166 (2022)
• Market cap: $39.34B (August 21, 2023)

Yet another top Nestle competitor, Danone is a French food processing company that is established in the year 1919 and headquartered in Barcelona, Spain. The company produces various categories of products that cater to baby food, coffee, dairy products, breakfast cereals, confectionery, bottled water, pet foods, ice cream, and dietary supplements.

Their products cater to people of all age group. Their production focuses on the production and sale of healthy and delicious food that is custom-made for the requirements of people of all ages. Their products cater to fresh dairy products, products related to medical nutrition, products related to early life nutrition for people of all age group. Their products guide customers for a healthy life. They also take of preserving the resources and protecting the environment.

Danone’s net sales reached €27,661m in 2022. According to Simply Wall St, Danone’s stock valuation in 2022 is €49.4 billion.  Danone annual net income for 2022 was $1.01B.

Their products are seen in multiple categories. Danone’s yoghurt has become popular and has many health benefits for it. Due to their great quality of products, Danone is considered as one of the top Nestle competitors.

5) Hershey’s

• Product type: Snack foods, and beverages
• Industry: Food and beverage
• Founded: 1894, as Hershey Chocolate Company
• Founders: Milton S. Hershey
• Headquarters: Hershey, Pennsylvania, United States
• Area served: Worldwide
• Current CEO: Michele Buck
• Revenue: $2.490B (June 30, 2023)
• Number of employees: 19,865 (2022)
• Market cap: $44.73B (August 21, 2023)

A common food processing American company and also a top Nestle competitor, Hershey is headquartered in Pennsylvania. This brand is quite popular and is liked by many. The company is in the chocolate manufacturing industry ever since 1894.

This brand is the largest manufacturer of chocolate and has its visibility across the United States. The production units of Hershey’s are seen in eight units. The brand’s main focus is on four main flavours like white, milk, gold, and dark. The company makes use of fresh milk in their chocolate preparation that highlights the taste of the milk chocolate. The milk used in low fat skimmed milk which is of high-quality. Even the cocoa that is used in their chocolates is acquired from various cocoa growing regions.

Hershey net income for the quarter ending June 30, 2023 was $0.407B. Hershey gross profit for the quarter ending June 30, 2023 was $1.132B.

Hershey’s has a huge product category like dark cocoa, snackers, soft crèmes candy, Licorice candy, raspberry mints, dark chocolate peanut butter cups, and lots more. Their chocolates come up with unique shape and taste. Due to their great products and its brand value, Hershey’s is considered as one of the top Nestle competitors.

6) Heinz

• Product type: Snack foods, sauces, and beverages
• Industry: Food and beverage
• Founded: 1869, as Heinz & Noble
• Founders: Henry John Heinz and Clarence Noble
• Headquarters: Pittsburgh, Pennsylvania, United States
• Area served: Worldwide
• Current CEO: Miguel Patricio
• Revenue: $6.721B (June 30, 2023)
• Number of employees: 37,000 (2022)
• Market cap: $41.34B (August 21, 2023)

Heinz is a popular food processing company that was established in the year 1869 and formed by Henry J Heinz. The company is located in Pittsburgh, Pennsylvania. The company produces many food products across six continents and markets in about 200 countries.

A global producer of delicious and trusted food, the company produces food of high-quality, great taste and of high nutrients. Their products cater to all eating occasions at any place. Their presence is seen across the world. The company holds a strong market position in the world and is the largest food processing company in the world.

Kraft Heinz net income for the quarter ending June 30, 2023 was $1.000B. Kraft Heinz gross profit for the quarter ending June 30, 2023 was $2.261B.

It has a strong product portfolio which is about 26 brands under Heinz, Kraft, Meyer, Oscar, Lunchables, Philadelphia, Planters, Velveeta, and Maxwell House. Due to its global footprint, Heinz is considered as one of the top Nestle competitors.

7) Unilever

• Product type: Food, beverages, home care, and personal care products
• Industry: Food and beverage
• Founded: 1929,
• Founders: William Hesketh Lever and Jurgens Margarine
• Headquarters: London, United Kingdom
• Area served: Worldwide
• Current CEO: Hein Schumacher
• Revenue: $63.293B (2022)
• Number of employees: 127,000
• Market cap: $127.51B (August 18, 2023)

Unilever is a British-Dutch company that is formed during the year 1930 and headquartered in the United Kingdom and Netherland. It is a consumer goods producer company and their products include food and beverage. It is also into the production of cleaning and personal care products. It is the world’s largest consumer foods company.

Their products are available in about 190 countries and due to which it is popular in all places. Due to its many years of existence, the brand is popular and is a brand image of the customers which is the main strength of this brand. The food products of this brand are of high-quality and are prepared by including the best ingredient. Their production of food products focus on the main areas of improving health, food safety, sustainable sourcing, and reduce food waste.

Unilever annual net income for 2022 was $8.052B. Unilever annual gross profit for 2022 was $63.293B.  Unilever has over 400 brand names in over 190 countries.

The company is also updated with regards to products and has a huge fund in research. Due to its extensive distribution channel, Unilever is a top Nestle competitor. 

8) General Mills

• Product type: Food, snacks, and beverages
• Industry: Food and beverage
• Founded: 1866, as Washburn Crosby Company
• Founders: Cadwallader Washburn and John Crosby
• Headquarters: Minneapolis, Minnesota, United States
• Area served: Worldwide
• Current CEO: Jeff Harmening
• Revenue: $5.030B (May 31, 2023)
• Number of employees: 34,000 (2023)
• Market cap: $40.8B (August 21, 2023)

A top Nestle competitor, General Mills is a popular food processing company that was established in the year 1856 and headquartered in Minnesota, United States. It is an American company into the production of branded and unbranded consumer foods.

The company produces various products like breakfast cereals, baking mixes, soup, snack food, pizza, refrigerated food, vegetables, flour, and other products. The company sells the products through retail stores. The company is also into production of pet foods. It has a wide presence in various domains across food processing. The company meets the entire requirements of multiple segments. The company has become popular worldwide and is growing popular among kids and home-makers.

General Mills net income for the quarter ending May 31, 2023 was $0.615B. General Mills gross profit for the quarter ending May 31, 2023 was $1.728B.

Few brands like Haagen-Dazs and Cheerios are quite famous among the kids and brands like Pillsbury and Betty Crocker recipes are famous among the home-makers. As they are a top-selling brand, General Mills is considered as one of the top Nestle competitors.

9) Kellogg

• Product type: Cereals, snacks, and frozen foods
• Industry: Food and beverage
• Founded: 1906, by W.K. Kellogg
• Founder: W.K. Kellogg
• Headquarters: Battle Creek, Michigan, United States
• Area served: Worldwide
• Current CEO: Steve Cahillane
• Revenue: $4.041B (June 30, 2023)
• Number of employees: 30,000 (2022)
• Market cap: $21.17B (August 21, 2023)

Kellogg is a global food processing company that was formed during the year 1906 and is located in Michigan, US. Their main food productions are convenience and cereal foods like crackers, toaster pastries, and cookies.

The company sells their products through their brand like Keebler, Corn Flakes, and Cheez-it. Kellogg’s products are produced in 21 countries and are marketed in over 180 countries worldwide. Their cereals are popularly known as Kellogg and are sold across various grocery stores through the direct sales force. It is quite famous for its breakfast products. Their main business focus is on producing food with high nutrients. Over the years, the company has acquired many companies which have helped them to grow in their business.

It is the world’s largest cereal maker and spends about $1 billion per year for its branding. Due to their high brand value and its numerous products, Kellogg is considered as one of the top Nestle competitors.

10) Lindt

• Product type: Chocolate, confectionery, and snacks
• Industry: Food and beverage
• Founded: 1845, by Rodolphe Lindt
• Founder: Rodolphe Lindt
• Headquarters: Kilchberg, Switzerland
• Area served: Worldwide
• Current CEO: Adalbert Lechner
• Revenue: CHF 4.97 billion (2022)
• Number of employees: 14,466 (2022)
• Market cap: $27.12 Billion (August 2023)

A Swiss manufacturer of chocolate, Lindt&Sprungli is a top and popular food processing company which produces top quality chocolate. Established during the year 1845, Lindt is headquartered in Kirchberg, Switzerland. Their key products are confectionary, chocolate, and ice cream.

The company produces great quality chocolates which are liked by people of all age groups. They are produced in their 12 manufacturing units in Europe and the USA and are then distributed to multiples companies owning about 300 stores. The company also distributes their products to independent distributors worldwide. The chocolate production is handled in a unique way and the chocolates are popular for their taste.

Its net income was CHF 570 million. Total number of employees in 2022 was 14,466.  According to the report, Lindt’s global operating profit amounted to about 744.6 million Swiss francs in 2022.

High-quality ingredients are used for the chocolate production. As the company is in the chocolate production for many years and due to their great product line, Lindt is indeed a top Nestle competitor.

11) Ghirardelli

• Product type:  Snack foods, and beverages
• Industry: Food and beverage
• Founded: 1852,
• Founder: Domingo Ghirardelli
• Headquarters: San Francisco, California, United States
• Area served: Worldwide
• Current CEO:  Joel Burrows

The popular chocolate company, Ghirardelli, is headquartered in California, United States. It was formed during the year 1852. The company produces various products of chocolate. The company produces chocolates in several flavours like milk chocolate, dark chocolate, white chocolate, caramel, and fruit and nuts.

Their chocolates are prepared in multiple ways like squares, bars, minis, bulk products, hot cocoa and beverages, intense dark chocolates, baking products, chocolate covered products, and brownie mixes. The company also delivers gifts and baskets that include hot fudge sundae toppings, baskets and towers, summer gifts, candy dishes and many more. Their products are available in offline and online store.

Ghirardelli generated sales of USD 727 million in the financial year 2022, which corresponds to organic growth of 13.9%.

The chocolates possess great taste and have excellent packaging. This brand is considered as a premium chocolate brand and due to which Ghirardelli is considered as a top Nestle competitor.

12) Pepsico

• Product type: Snack foods, beverages, and foodservice products
• Industry: Food and beverage
• Founded: 1898, as the Pepsi-Cola Company
• Founder: Caleb Bradham
• Headquarters: Purchase, New York, United States
• Area served: Worldwide
• Current CEO: Ramon Laguarta
• Revenue: $22.322B (June 30, 2023)
• Market cap: $245.28B (August 18, 2023)
• Number of employees: 315,000 (2022)

Also a top Nestle competitor, Pepsico is a popular beverage and food processing company that was formed during the year 1898. The company is headquartered in New York, United States. The company has been in business operations of manufacturing and selling of beverages, snacks based on grains, and many other products. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.  PepsiCo’s product portfolio includes 23 brands that generate more than $1 billion over five years.

The company was formed after the merger of Pepsi-Cola and Frito-Lay companies. Over the years, Pepsico has been expanded to a great range of products in food and beverages. It is a famous brand worldwide and more common among the youth. This brand has great loyal customers and has a wide distribution network. The company has an excellent supply chain network worldwide and due to which their products are made available everywhere.

PepsiCo net income for the quarter ending June 30, 2023 was $2.748B. PepsiCo gross profit for the quarter ending June 30, 2023 was $12.201B. As of August 2023 Pepsico has a market cap of $245.28 Billion. This makes Pepsico the world’s 34th most valuable company by market cap.

The company’s main highlight is their tie-up with various sports and music events and thereby increasing the brand value. Due to the company’s great brand value, Pepsico is considered as one of the top Nestle competitors.

13) Ferrero Rocher

• Product type: Chocolate, confectionery, and snacks
• Industry: Food and beverage
• Founded: 1982, by Michele Ferrero
• Founder: Michele Ferrero
• Headquarters: Alba, Piedmont, Italy
• Area served: Worldwide
• Current CEO: Giovanni Ferrero
• Number of employees: 41441 (2022)

Ferrero Rocher, a popular chocolate, and hazel confectionary company. The company was formed during the year 1982, is a popular Italian chocolate company. Their key elements used in the chocolate production are sugar, milk chocolate, palm oil, wheat flour, and hazelnut.

Hazelnut is completely roasted inside a thin wafer shell and it is then filled with hazelnut chocolate, is the process used in the production of chocolate. It is then enclosed in milk chocolate and also sliced hazelnuts are placed inside. The company produces great products which are famous for its similar taste though purchased from any place. Their packing idea is great and it is obtained in many packs of 3, 12, 18, and 24 which is an ideal for gifting option.

Ferrero International posted a €14 billion turnover ($14.92bn), up 10.4% over the previous year (€12.7 billion). Total number of employees in 2022 was 41,441 .

The company has a wide distribution network and due to which the chocolates are available in many stores and supermarkets. Due to their excellent brand image, Ferrero Rocher is considered as one of the top Nestle competitors.

14) Amul

• Product type: Dairy products, frozen desserts, and beverages
• Industry: Food and beverage
• Founded: 1946, by the Kaira District Cooperative Milk Producers’ Union Ltd.
• Founder: Tribhuvandas Patel
• Headquarters: Anand, Gujarat, India
• Area served: India
• Current CEO: R.S. Sodhi
• Revenue: Rs 55,055 cr (FY 23)

A famous Dairy industry of India, Amul is based out in Anand, Gujarat. The company was formed during the year 1948. Amul is maintained by the Gujarat Co-operative Milk Marketing Federation (GCMMF).  GCMMF is a famous cooperative body of Gujarat. This federation possesses approximately 3.6 million producers of milk in Gujarat.

Its daily milk procurement is about 26.3 million litres per day from 18600 village milk cooperative societies, 18 member unions covering 33 districts and 3.64 million milk producer members.

The company is also the largest producer of ice cream and many other dairy products. Amul follows a three-tier model in their development process. At the village level, it has a dairy cooperative society, at the district level, it has the milk union, and finally, at the state level, it has the federation. The company has established a direct connection among the milk producers and the consumers to eliminate distributors.

The company has multiple products and its products have a unique taste and are of good quality. Due to their strong distribution and supply chain, Amul is considered as a top Nestle competitor.

15) Engro Foods

• Product type: Dairy products, ice cream, and beverages
• Industry: Food and beverage
• Founded: 2019,
• Founder: Engro Corporation
• Headquarters: Karachi, Pakistan
• Area served: Pakistan
• Current CEO: Ghias Khan
• Revenue: Rs24 billion (2022)
• Number of employees: over 2,800 

Also regarded as a top Nestle competitor, Engro Foods is a food and beverage company located in Karachi, Pakistan. The company was initially a division of Engro Corporation. The company’s product portfolio consists of Olper’s Lite, Olper’s, Dairy Omung, Omore, Tarang, and Olper’sLassi.

The company caters to the local requirements of Pakistan and the products are of international standard. The company produces various products and serves many people across Pakistan. The company creates innovative products and attains customer satisfaction which is the core operational strategy.

This makes the company to grow into great heights that enables the company to produce great quality products that are filled with local flavour. Due to their great products, Engro Foods is considered as a top Nestle competitor.

Nestle Competitors in Coffee

16) Starbucks

• Product type: Coffee drinks, pastries, and food
• Industry: Food and beverage
• Founded: 1971, by Jerry Baldwin, Gordon Bowker, and Zev Siegl
• Founders: Jerry Baldwin, Gordon Bowker, and Zev Siegl
• Headquarters: Seattle, Washington, United States
• Area served: Worldwide
• Current CEO: Howard Schultz
• Revenue: $9.168B (June 30, 2023)
• Number of employees: 402,000 (2022)
• Market Share: 37%

A famous American company, Starbucks is a company that was formed during the year 1971. The company is headquartered in Washington, United States. It represents the biggest coffee business in the world. This brand is measured as the main representative of “Second Wave Coffee” that is distinctive from other coffee-serving locations in the United States by quality, taste, and customer experience. Starbucks net income for the quarter ending June 30, 2023 was $1.142B, a 25.06% increase year-over-year.

The brand’s dark roasted coffee is famous for the coffee lover. Over the years, the company has targeted coffee drinkers who are quality oriented with their hand-made coffee that is based on lighter roasts. But these days, Starbucks makes use of automated espresso machines for various reasons. The main strength of the company is the loyal customers who like and prefer Starbucks coffee for its taste and quality.

Most of Starbuck’s revenue of 9.168 billion dollars as at 2023 was generated through sales of the coffeehouse products including sandwiches, smoothies, coffee beverages and tea baked products among others. As at 2022, Starbucks had more 402,000 employees worldwide. The company is ranked 120th on the Fortune 500 and 303rd on the Forbes Global 2000 as of 2022.

The company has a global network. Due to their huge business by means of subsidiaries, Starbucks is considered as one of the top Nestle competitors.

17) Keurig

• Product type:  Foods, and beverages
• Industry: Food and beverage
• Founded: 1992, by Peter Dragone and John Sylvan
• Founders: Peter Dragone and John Sylvan
• Headquarters: Waterbury, Vermont, United States
• Area served: Worldwide
• Current CEO: Bob Gamgort
• Revenue: $3.789B (June 30, 2023)
• Number of employees: 28,000 (2022)
• Market cap: $47.16B (August 21, 2023)

A popular beverage brewing company, Keurig was introduced during the year 1998 and is located in Burlington, Massachusetts. The company’s main products are K-cup pods that are a single serve coffee container. It also produces other beverage pods and also the machines that brew the beverages keeping in the pod. The company’s beverage assortments are plenty that includes hot and cold coffees, cocoas, teas, beverages based on dairy, cider, and other fruit-based drinks. The brand has about 400 varieties and 60 brands of coffee along with other beverages.

Keurig Dr Pepper net income for the quarter ending June 30, 2023 was $0.503B. Keurig Dr Pepper gross profit for the quarter ending June 30, 2023 was $2.041B.

The company was initially called as Green Mountain Coffee and has strong brand equity. The company has a strong acquisition that has enabled the company to grow to great levels. As it has a strong brand image, Keurig is considered as one of the top Nestle competitors.

18) Maxwell House

• Product type: Coffee
• Industry: Food and beverage
• Founded: 1892, by Joel Cheek
• Founder: Joel Cheek
• Headquarters: Hoboken, New Jersey, United States
• Area served: Worldwide
• Current CEO: Davide Andreacola

A famous brand of coffee, Maxwell House is a beverage industry that was established during the year 1892 and headquartered in Tarrytown, New York.

The company was named so in honour of the hotel, Maxwell House located in Nashville, Tennessee, who happened to be the first customer. For many years, Maxwell House is considered as a top-selling coffee in the United States. The company has the slogan ‘Good to the last drop’ which has been written in the company’s logo.

Total coffee sales for Kraft Heinz, the parent company of Maxwell House, rose 4.9% in the first nine months of 2022 to $644 million.

The company is specialized in coffee as it is famous for. As it is a coffee with great taste, Maxwell House is considered as one of the top Nestle competitors.

19) Coca-Cola

• Product type: Soft drinks, Foods, and beverages
• Industry: Food and beverage
• Founded: 1886, by John Stith Pemberton
• Founder: John Stith Pemberton
• Headquarters: Atlanta, Georgia, United States
• Area served: Worldwide
• Current CEO: James Quincey
• Revenue: $11.972B (June 30, 2023)
• Number of employees: 82,500 (2022)
• Market cap: $263.57B (August 18, 2023)

Coca-Cola is a total beverage company that was founded in 1892 and is headquartered in Atlanta, Georgia. It is the world’s largest nonalcoholic beverage company, with products sold in more than 200 countries and territories. The company’s purpose is to refresh the world and make a difference. Its portfolio of brands includes Coca-Cola, Sprite, Fanta, and other sparkling soft drinks. The company is committed to offering people more of the drinks they want across a range of categories and is constantly transforming its portfolio, from reducing added sugar in its drinks to bringing innovative new products to market.

Together with its bottling partners, the company employs more than 800,000 people, helping bring economic opportunity to local communities worldwide.

Coca-Cola net income for the quarter ending June 30, 2023 was $2.547B. Coca-Cola gross profit for the quarter ending June 30, 2023 was $7.060B.

20) Anheuser-Busch InBev

• Product type: Beer, soft drinks, and other alcoholic beverages
• Industry: Food and beverage
• Founded: 2008, by the merger of Anheuser-Busch and InBev
• Founders: August Busch III and Carlos Brito
• Headquarters: Leuven, Belgium
• Area served: Worldwide
• Current CEO: Michel Doukeris
• Revenue: $15.120B (June 30, 2023)
• Number of employees: 166,632 (2022)
• Market cap: $96.85B (August 18, 2023 )

Anheuser-Busch InBev is a multinational drinks conglomerate headquartered in Belgium. It is the world’s largest beer brewer by both volume and revenue, operating more than 600 beer brands in 150 countries. AB InBev was formed in 2008 through the acquisition of Budweiser brewer Anheuser-Busch by Belgian conglomerate InBev. The company has a global functional management office in New York City, and regional headquarters in São Paulo, London, St. Louis, Mexico City, Bremen, Johannesburg, and others. The company has a long history, with its humble beginnings in the experienced brewing hands of Belgian monks over 800 years ago. Today, AB InBev’s purpose is to be the best beer company bringing people together for a better world

Anheuser-Busch net income for the quarter ending June 30, 2023 was $0.339B. Anheuser-Busch annual gross profit for 2023 was $8.101B0.

Conclusion

The food processing industry is rising in a huge amount in every corner of the world. Every company makes use of the best services to produce great quality food. Nestle strives hard to produce good quality food and also to meet the health factor for each and every food that is prepared by them.

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