This list ranks the 25 largest publicly listed food and beverage companies in the world by sales, using the figures Forbes published in its 2026 Global 2000 ranking on 24 June 2026. It covers packaged-food makers, meat processors, agricultural processors that sell food ingredients, brewers, distillers and soft-drink companies.
Nestlé is the largest, with sales of US$107.8bn and profit of US$10.9bn, followed by PepsiCo (US$95.4bn) and the meat processor JBS (US$88.2bn). The Coca-Cola Company, ranked ninth by sales, had the highest market value in the group, US$347.7bn. Tobacco companies, which Forbes includes in the same industry group, are excluded.
Contents
- Scope
- Methodology
- The list
- Comparison table
- Companies outside the ranking
- Sales and profitability
- Frequently asked questions
- See also
Scope
Forbes groups food, drink and tobacco companies in one industry. This list keeps the food and beverage manufacturers and processors in that group and excludes tobacco companies (Philip Morris International, British American Tobacco, Imperial Brands, Japan Tobacco and Altria), the trading house Marubeni and the seed and crop-protection company Corteva, which Forbes also assigns to the industry. Agricultural processors such as ADM, Bunge and Wilmar are included because they process crops into food ingredients and edible oils. Food retailers and food-service distributors are not included.
Methodology
Entries are ordered strictly by the sales figure Forbes published for each company in the Global 2000 2026, in US dollars. Forbes ranks the world's largest public companies on sales, profits, assets and market value, with market values based on closing share prices on 15 May 2026. Profit, market value, employees and headquarters come from the same dataset.
For companies that are also in the Fortune Global 500 2026, Fortune's revenue figure is given as a cross-reference. Because the Forbes ranking covers only listed companies, privately held food companies are absent; the largest of those in Fortune's ranking are discussed below.
The list
1
Swiss packaged-food group and the largest food company by sales
Best for: Packaged food and nutrition
Nestlé manufactures prepared dishes and cooking aids, milk-based products, baby foods and cereals, and is headquartered in Vevey, Switzerland. Forbes records sales of US$107.8bn, the highest of any company in this list, and profit of US$10,877m. The Fortune Global 500 2026 lists revenue of US$107.7bn, ranking it 93rd among all companies worldwide. It employs 271,000 people.
- Sales (Forbes Global 2000 2026)
- US$107.8bn
- Profit (Forbes)
- US$10,877m
- Market value (Forbes, May 2026)
- US$251.1bn
- Headquarters
- Vevey, Switzerland
- Employees
- 271,000
- Forbes Global 2000 2026 rank
- 59
Strengths
- Largest sales in the industry
- Broad portfolio across categories and regions
Limitations
- Revenue reported in Swiss francs, so dollar figures move with exchange rates
- Mature categories limit growth
2
US snacks and beverages group
Best for: Snacks and soft drinks
PepsiCo manufactures and sells beverages, snacks and other foods through segments that include PepsiCo Foods North America and PepsiCo Beverages North America. Forbes records sales of US$95.4bn and profit of US$8,733m, with 306,000 employees, the second-largest workforce in this list after FEMSA. The Fortune Global 500 2026 lists revenue of US$93.9bn for fiscal 2025.
- Sales (Forbes Global 2000 2026)
- US$95.4bn
- Profit (Forbes)
- US$8,733m
- Market value (Forbes, May 2026)
- US$203.8bn
- Headquarters
- Purchase, United States
- Employees
- 306,000
- Forbes Global 2000 2026 rank
- 90
Strengths
- Largest US-based food and beverage company
- Combines snacks and drinks
Limitations
- Lower profit than Nestlé on similar sales
- Exposed to changing consumer attitudes to sugary drinks and snacks
3
Meat processor of beef, pork, lamb and poultry
Best for: Meat processing
JBS sells beef, pork, lamb and poultry products to supermarkets, club stores, other retailers and food-service companies. Forbes lists the current holding company, JBS N.V., as headquartered in Amstelveen in the Netherlands and records sales of US$88.2bn and profit of US$1,744m. It is the largest meat company in the list, ahead of Tyson Foods. Fortune lists its 2025 revenue as US$86.2bn.
- Sales (Forbes Global 2000 2026)
- US$88.2bn
- Profit (Forbes)
- US$1,744m
- Market value (Forbes, May 2026)
- US$14.4bn
- Headquarters
- Amstelveen, Netherlands
- Employees
- 283,000
- Forbes Global 2000 2026 rank
- 592
Strengths
- Largest meat processor by sales
- Diversified across proteins and countries
Limitations
- Low profit margin
- Market value of US$14.4bn is small relative to sales
4
AD
Chicago-based oilseed, grain and food-ingredient processor
Best for: Agricultural processing and ingredients
Archer-Daniels-Midland processes oilseeds, corn, wheat, cocoa and other agricultural commodities through Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition segments. Forbes records sales of US$80.7bn and profit of US$1,081m. The Fortune Global 500 2026 lists revenue of US$80.3bn, down 6.2% on 2024.
- Sales (Forbes Global 2000 2026)
- US$80.7bn
- Profit (Forbes)
- US$1,081m
- Market value (Forbes, May 2026)
- US$38.7bn
- Headquarters
- Chicago, United States
- Employees
- 41,496
- Forbes Global 2000 2026 rank
- 443
Strengths
- Large global processing network
- Nutrition segment adds higher-value products
Limitations
- Low profit margin typical of commodity processing
- Revenue fell in 2025 on Fortune's figures
5
B
Agribusiness and food-ingredient company
Best for: Oilseed processing and edible oils
Bunge Global operates Agribusiness, Refined and Specialty Oils, and Milling segments. Forbes records sales of US$80.5bn, only US$108m less than ADM's, and profit of US$686m. The Fortune Global 500 2026 lists revenue of US$70.3bn, up 32.4% on 2024, the fastest growth of any company in this list that Fortune ranks.
- Sales (Forbes Global 2000 2026)
- US$80.5bn
- Profit (Forbes)
- US$686m
- Market value (Forbes, May 2026)
- US$23.8bn
- Headquarters
- Chesterfield, United States
- Employees
- 34,000
- Forbes Global 2000 2026 rank
- 662
Strengths
- Rapid revenue growth in 2025
- Large edible-oils business
Limitations
- Thin profit margin
- Commodity-price exposure
6
WI
Singapore agribusiness group in edible oils, sugar and food products
Best for: Edible oils and food staples in Asia
Wilmar International processes, merchandises and distributes agricultural products through Food Products, Feed and Industrial Products, and Plantation and Sugar segments. Forbes records sales of US$70.4bn and profit of US$1,408m, with about 100,000 employees. It is the largest food company in the list headquartered in Asia.
- Sales (Forbes Global 2000 2026)
- US$70.4bn
- Profit (Forbes)
- US$1,408m
- Market value (Forbes, May 2026)
- US$18.5bn
- Headquarters
- Singapore
- Employees
- 100,000
- Forbes Global 2000 2026 rank
- 522
Strengths
- Largest Asian company in the list
- Integrated from plantations to consumer products
Limitations
- Low profit margin
- Exposure to palm-oil and commodity prices
7
AB
Leuven-based brewer, the largest beverage company in the list
Best for: Beer
Anheuser-Busch InBev manufactures and distributes alcoholic and non-alcoholic beverages and reports by region. Forbes records sales of US$59.3bn and profit of US$6,867m, and its market value of US$157.7bn was the fifth-highest in the list. It is the largest brewer and the largest company in the list based in Belgium.
- Sales (Forbes Global 2000 2026)
- US$59.3bn
- Profit (Forbes)
- US$6,867m
- Market value (Forbes, May 2026)
- US$157.7bn
- Headquarters
- Leuven, Belgium
- Employees
- 136,805
- Forbes Global 2000 2026 rank
- 93
Strengths
- Largest brewer by sales
- High profit relative to the processors ranked above it
Limitations
- Concentrated in one beverage category
- Large balance sheet with total assets of US$220.9bn
8
TF
US beef, pork, chicken and prepared-food processor
Best for: Meat and prepared foods in the US
Tyson Foods processes beef, pork and chicken and makes prepared foods, reporting Beef, Pork, Chicken and Prepared Foods segments. Forbes records sales of US$55.7bn and profit of US$453m. The Fortune Global 500 2026 lists revenue of US$54.4bn. Its headquarters are in Springdale, Arkansas.
- Sales (Forbes Global 2000 2026)
- US$55.7bn
- Profit (Forbes)
- US$453m
- Market value (Forbes, May 2026)
- US$22.7bn
- Headquarters
- Springdale, United States
- Employees
- 133,000
- Forbes Global 2000 2026 rank
- 848
Strengths
- Large US protein franchise
- Prepared-foods brands
Limitations
- Profit of only US$453m
- Exposure to cattle and feed costs
9
TC
Atlanta-based non-alcoholic beverage company
Best for: Soft drinks
The Coca-Cola Company manufactures and markets non-alcoholic beverages and reports by region, with separate Global Ventures and Bottling Investments segments. Forbes records sales of US$49.8bn and profit of US$13,701m, the highest profit in the list. Its market value of US$347.7bn was the largest of any company in the list.
- Sales (Forbes Global 2000 2026)
- US$49.8bn
- Profit (Forbes)
- US$13,701m
- Market value (Forbes, May 2026)
- US$347.7bn
- Headquarters
- Atlanta, United States
- Employees
- 65,900
- Forbes Global 2000 2026 rank
- 122
Strengths
- Most valuable company in the list
- Very high profit margin
Limitations
- Smaller sales than food processors because bottling is largely carried out by separate companies
- Concentrated in beverages
10
Monterrey-based beverage and retail group
Best for: Coca-Cola bottling and convenience retail
Fomento Económico Mexicano is a holding company that produces, distributes and markets beverages, including Coca-Cola trademark drinks. Forbes records sales of US$46.1bn and profit of US$1,538m, with 368,776 employees. The Fortune Global 500 2026 lists revenue of US$43.8bn and classifies it under beverages.
- Sales (Forbes Global 2000 2026)
- US$46.1bn
- Profit (Forbes)
- US$1,538m
- Market value (Forbes, May 2026)
- US$41.6bn
- Headquarters
- Monterrey, Mexico
- Employees
- 368,776
- Forbes Global 2000 2026 rank
- 441
Strengths
- Large workforce and distribution reach
- Largest company in the list headquartered in Latin America
Limitations
- Profit margin of about 3%
- Depends on beverage brands owned by The Coca-Cola Company
11
Chicago-based snack maker
Best for: Biscuits, chocolate and confectionery
Mondelēz International makes biscuits, chocolate, gum, candy and beverages. Forbes records sales of US$39.3bn and profit of US$2,609m. The Fortune Global 500 2026 lists revenue of US$38.5bn, up 5.8% on 2024.
- Sales (Forbes Global 2000 2026)
- US$39.3bn
- Profit (Forbes)
- US$2,609m
- Market value (Forbes, May 2026)
- US$77.6bn
- Headquarters
- Chicago, United States
- Employees
- 91,000
- Forbes Global 2000 2026 rank
- 290
Strengths
- Focused on snacks
- Revenue growth in 2025
Limitations
- Exposure to cocoa prices
- Sales well below PepsiCo's
Forbes lists Heineken Holding N.V., which manages and supervises the Heineken group's production and distribution of beer and other beverages, reporting by region. It records sales of US$32.5bn and profit of US$1,074m. It is the second-largest brewer in the list after Anheuser-Busch InBev.
- Sales (Forbes Global 2000 2026)
- US$32.5bn
- Profit (Forbes)
- US$1,074m
- Market value (Forbes, May 2026)
- US$18.1bn
- Headquarters
- Amsterdam, Netherlands
- Forbes Global 2000 2026 rank
- 635
Strengths
- Second-largest brewer by sales
- Broad geographic spread
Limitations
- Profit of US$1,074m is low relative to sales
- Concentrated in beer
13
Seoul holding company with food, biotech, logistics and entertainment businesses
Best for: Food and diversified businesses in Korea
CJ Corp. is a holding company whose subsidiaries make and distribute food products; its divisions cover food and food services, biotechnology, logistics and new distribution, and entertainment. Forbes records sales of US$32.2bn and profit of US$106m. Its sales include logistics and entertainment activities, so the food business alone is smaller.
- Sales (Forbes Global 2000 2026)
- US$32.2bn
- Profit (Forbes)
- US$106m
- Market value (Forbes, May 2026)
- US$4.8bn
- Headquarters
- Seoul, South Korea
- Employees
- 64
- Forbes Global 2000 2026 rank
- 1232
Strengths
- Large Korean food and ingredients business
- Diversified group
Limitations
- Sales include non-food activities
- Low profit of US$106m
14
D
Paris-based dairy, plant-based, water and specialised-nutrition group
Best for: Dairy and nutrition
Danone is a food-processing company headquartered in Paris; Forbes records that it was founded on 2 February 1899. Forbes records sales of US$30.8bn and profit of US$2,050m, with 88,670 employees. It is the largest French company in the list.
- Sales (Forbes Global 2000 2026)
- US$30.8bn
- Profit (Forbes)
- US$2,050m
- Market value (Forbes, May 2026)
- US$45.6bn
- Headquarters
- Paris, France
- Employees
- 88,670
- Forbes Global 2000 2026 rank
- 393
Strengths
- Profit of US$2,050m
- Specialised nutrition business
Limitations
- Sales reported in euros
- Smaller than Nestlé in overlapping categories
15
São Paulo meat processor, formerly Marfrig Global Foods
Best for: Beef processing
MBRF Global Foods Company, listed by Forbes with Marfrig's description, produces, processes and trades beef and other animal-protein foods. Forbes records sales of US$30.1bn, profit of US$70.1m and 130,000 employees. It is headquartered in São Paulo.
- Sales (Forbes Global 2000 2026)
- US$30.1bn
- Profit (Forbes)
- US$70.1m
- Market value (Forbes, May 2026)
- US$4.7bn
- Headquarters
- São Paulo, Brazil
- Employees
- 130,000
- Forbes Global 2000 2026 rank
- 1309
Strengths
- Large beef-processing operations
- 130,000 employees
Limitations
- Profit of only US$70.1m
- Market value of US$4.7bn
16
WG
Hong Kong-listed pork producer
Best for: Pork and packaged meats
WH Group produces packaged meats, fresh pork and hogs. Forbes records sales of US$28.0bn and profit of US$1,567m, with 106,000 employees. It is the largest company in the list focused mainly on pork.
- Sales (Forbes Global 2000 2026)
- US$28.0bn
- Profit (Forbes)
- US$1,567m
- Market value (Forbes, May 2026)
- US$15.4bn
- Headquarters
- Hong Kong
- Employees
- 106,000
- Forbes Global 2000 2026 rank
- 811
Strengths
- Profit of US$1,567m
- Integrated from hog production to packaged meat
Limitations
- Concentrated in pork
- Exposed to hog-price cycles
17
AB
London-based group with grocery, sugar, ingredients and retail segments
Best for: Grocery brands, sugar and ingredients
Associated British Foods operates Grocery, Sugar, Agriculture, Ingredients and Retail segments. Forbes records sales of US$25.9bn and profit of US$1,269m, with 138,000 employees. Because it also has a Retail segment, food represents only part of its sales.
- Sales (Forbes Global 2000 2026)
- US$25.9bn
- Profit (Forbes)
- US$1,269m
- Market value (Forbes, May 2026)
- US$16.8bn
- Headquarters
- London, United Kingdom
- Employees
- 138,000
- Forbes Global 2000 2026 rank
- 789
Strengths
- Diversified across food and retail
- Profit of US$1,269m
Limitations
- Sales include a retail segment
- Sugar earnings are cyclical
18
KH
US packaged-food maker formed in 2015
Best for: Packaged food and condiments
The Kraft Heinz Company manufactures and markets food and beverage products through North America and International segments; Forbes records that it was formed on 2 July 2015. Forbes records sales of US$25.0bn and a loss of US$5,760m, the largest loss in the list. The Fortune 500 2026 lists revenue of US$24.9bn.
- Sales (Forbes Global 2000 2026)
- US$25.0bn
- Profit (Forbes)
- Loss of US$5,760m
- Market value (Forbes, May 2026)
- US$27.2bn
- Headquarters
- Chicago, United States
- Employees
- 35,000
- Forbes Global 2000 2026 rank
- 765
Strengths
- Large portfolio of US packaged-food brands
- Total assets of US$82.0bn
Limitations
- Loss of US$5,760m on Forbes's figures
- Sales below those of Mondelēz International
19
KM
Best for: Premium spirits
Kweichow Moutai develops, brews, packages and sells Kweichow Moutai liquor. Forbes records sales of US$24.7bn and profit of US$11,645m, a profit-to-sales ratio of about 47%, by far the highest in the list. Its market value of US$245.1bn was the third-largest in the list.
- Sales (Forbes Global 2000 2026)
- US$24.7bn
- Profit (Forbes)
- US$11,645m
- Market value (Forbes, May 2026)
- US$245.1bn
- Headquarters
- Renhuai, China
- Employees
- 34,992
- Forbes Global 2000 2026 rank
- 261
Strengths
- Highest profit margin in the list
- Market value of US$245.1bn
Limitations
- Single-product concentration
- Dependent on the Chinese market
20
Coca-Cola bottler for Western European markets
Best for: Soft-drink bottling and distribution
Coca-Cola Europacific Partners distributes and sells non-alcoholic ready-to-drink beverages and reports by country, including Iberia, Germany, Great Britain and France. Forbes records sales of US$23.6bn and profit of US$2,197m, with headquarters in Uxbridge, UK.
- Sales (Forbes Global 2000 2026)
- US$23.6bn
- Profit (Forbes)
- US$2,197m
- Market value (Forbes, May 2026)
- US$40.0bn
- Headquarters
- Uxbridge, United Kingdom
- Employees
- 39,000
- Forbes Global 2000 2026 rank
- 511
Strengths
- Large Western European bottling network
- Profit of US$2,197m
Limitations
- Depends on brands owned by another company
- Concentrated in mature markets
21
GB
Mexico City-based bakery group
Best for: Packaged bread and baked goods
Grupo Bimbo makes, distributes and sells baked products including fresh and frozen bread, buns, cookies and snacks, reporting segments for Mexico, North America, Latin America and Europe. Forbes records sales of US$22.9bn and profit of US$632m, with 153,966 employees. It is the largest bakery company in the list.
- Sales (Forbes Global 2000 2026)
- US$22.9bn
- Profit (Forbes)
- US$632m
- Market value (Forbes, May 2026)
- US$14.7bn
- Headquarters
- Mexico City, Mexico
- Employees
- 153,966
- Forbes Global 2000 2026 rank
- 1073
Strengths
- Largest baked-goods company
- 153,966 employees
Limitations
- Profit of US$632m
- Large workforce relative to sales
22
OG
Singapore agri-commodity and food-ingredients group
Best for: Cocoa, coffee and agricultural commodities
Olam Group sources, processes, packages and merchandises agricultural products through Olam Food Ingredients, Olam Agri and Olam Group segments. Forbes records sales of US$22.7bn and profit of US$340m. Fortune reports a much larger figure, US$51.5bn, for the same company in its Global 500, which illustrates how the two compilers' revenue definitions and periods can differ.
- Sales (Forbes Global 2000 2026)
- US$22.7bn
- Profit (Forbes)
- US$340m
- Market value (Forbes, May 2026)
- US$3.6bn
- Headquarters
- Singapore
- Employees
- 78,390
- Forbes Global 2000 2026 rank
- 1326
Strengths
- Ingredients business in cocoa and coffee
- Profit of US$340m
Limitations
- Market value of only US$3.6bn
- Revenue figures differ widely between compilers
23
London-based spirits maker
Best for: Spirits
Diageo produces and distributes alcoholic beverages; its brands include Johnnie Walker, Crown Royal, Smirnoff, Baileys, Don Julio, Captain Morgan and Tanqueray. Forbes records sales of US$19.8bn and profit of US$2,389m.
- Sales (Forbes Global 2000 2026)
- US$19.8bn
- Profit (Forbes)
- US$2,389m
- Market value (Forbes, May 2026)
- US$45.4bn
- Headquarters
- London, United Kingdom
- Employees
- 29,632
- Forbes Global 2000 2026 rank
- 453
Strengths
- High profit margin
- Portfolio of international spirits brands
Limitations
- Concentrated in spirits
- Smaller sales than the brewers
24
Tokyo-based beer, soft-drink and food group
Best for: Beer and soft drinks
Asahi Group Holdings makes and sells food and beverages through Alcoholic Beverages, Soft Drinks, Food and Overseas segments. Forbes records sales of US$19.6bn and profit of US$1,043m. It is the largest Japanese company in the list.
- Sales (Forbes Global 2000 2026)
- US$19.6bn
- Profit (Forbes)
- US$1,043m
- Market value (Forbes, May 2026)
- US$14.6bn
- Headquarters
- Tokyo, Japan
- Employees
- 28,173
- Forbes Global 2000 2026 rank
- 842
Strengths
- Diversified across beer, soft drinks and food
- Overseas business
Limitations
- Sales reported in yen
- Profit of US$1,043m
25
MF
Best for: Pig farming and pork
Muyuan Foods produces feed, breeds livestock and slaughters and processes pigs, selling pigs, piglets and pork products. Forbes records sales of US$19.4bn, profit of US$1,354m and 127,550 employees. It is the 25th-largest company in the list and the second from mainland China after Kweichow Moutai.
- Sales (Forbes Global 2000 2026)
- US$19.4bn
- Profit (Forbes)
- US$1,354m
- Market value (Forbes, May 2026)
- US$28.4bn
- Headquarters
- Nanyang, China
- Employees
- 127,550
- Forbes Global 2000 2026 rank
- 730
Strengths
- Profit of US$1,354m
- Integrated hog production
Limitations
- Exposed to hog-price cycles
- Concentrated in China
Companies outside the ranking
Frequently asked questions
What is the largest food company in the world?
Nestlé is the largest food company in the world by sales among listed companies, with US$107.8bn of sales and US$10.9bn of profit in the Forbes Global 2000 2026. PepsiCo is second with US$95.4bn and JBS third with US$88.2bn. Cargill, a large privately held agricultural and food company, is not included in public-company rankings.
What is the largest food company in the United States?
PepsiCo is the largest US-based food and beverage company by sales, with US$95.4bn in the Forbes Global 2000 2026. Archer Daniels Midland, Bunge, Tyson Foods, The Coca-Cola Company, Mondelēz International and Kraft Heinz are the other US-based companies in the top 25.
What is the largest meat company in the world?
JBS is the largest meat company by sales, with US$88.2bn in the Forbes Global 2000 2026. Tyson Foods follows with US$55.7bn, then MBRF Global Foods with US$30.1bn and WH Group with US$28.0bn. JBS sells beef, pork, lamb and poultry to retailers and food-service companies.
Which food company is the most valuable?
The Coca-Cola Company had the highest market value of the 25 companies, at US$347.7bn when Forbes compiled its data in May 2026, followed by Nestlé at US$251.1bn and Kweichow Moutai at US$245.1bn. Market value reflects investors' view of future profits, which is why it does not follow the sales ranking.
Are beverage companies counted as food companies?
In this list they are. Forbes places food, beverage and tobacco makers in a single industry group, and many of the largest food companies, such as Nestlé and PepsiCo, also sell drinks. Brewers, distillers and soft-drink companies are therefore included, while tobacco companies are excluded.
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