If you are familiar with food and beverage manufacturing, then the top revenue-producing food and beverage manufacturers on the latest IndustryWeek U.S. 500, IW's annual list of the 500 largest, publicly held U.S. manufacturing companies, probably won't surprise you. Each of the top 10 companies on the 2022 ranking produced revenue above $14 billion for fiscal 2021, and six of them are among the largest 50 companies in the overall IW U.S. 500. Thirty-eight food and beverage manufacturers earned a spot on the 2022 IW U.S. 500, compared with 36 the previous year.
In this slideshow we share the top 10 revenue-generating food and beverage manufacturers on the 2022 ranking. The table below presents all 38 manufacturers in this category.
Rank | Primary Industry | Name | 2021 Revenue (in millions) | 2021 Profit Margin | 2021 Net Income (in millions) | 2021 Revenue Growth |
12 | Food | Archer-Daniels-Midland Co. | $85,249 | 3.18% | $2,709 | 32.5% |
14 | Beverages | PepsiCo Inc. | $79,474 | 9.59% | $7,618 | 12.9% |
22 | Food | Bunge Ltd. | $59,152 | 3.51% | $2,078 | 42.9% |
30 | Food | Tyson Foods Inc. | $47,049 | 6.48% | $3,047 | 8.9% |
39 | Beverages | Coca-Cola Co. | $38,655 | 25.28% | $9,771 | 17.1% |
49 | Food | Mondelez Int'l. Inc. | $28,720 | 14.97% | $4,300 | 8.0% |
56 | Food | Kraft Heinz Co. | $26,042 | 3.89% | $1,012 | -0.5% |
80 | Food | General Mills Inc. | $18,127 | 12.91% | $2,340 | 2.8% |
99 | Food | Pilgrim's Pride Corp. | $14,778 | 0.21% | $31 | 22.2% |
104 | Food | Kellogg Co. | $14,181 | 10.49% | $1,488 | 3.0% |
114 | Beverages | Keurig Dr Pepper Inc. | $12,683 | 16.92% | $2,146 | 9.2% |
124 | Food | Hormel Foods Corp. | $11,386 | 7.98% | $909 | 18.5% |
128 | Food | Conagra Brands Inc. | $11,185 | 11.61% | $1,299 | 1.2% |
138 | Beverages | Molson Coors Beverage Co. | $10,280 | 9.81% | $1,009 | 6.5% |
145 | Food | Hershey Co. | $8,971 | 16.47% | $1,478 | 10.1% |
148 | Beverages | Constellation Brands Inc. | $8,821 | -0.46% | -$40 | 2.4% |
153 | Food | Campbell Soup Co. | $8,476 | 11.82% | $1,002 | -2.5% |
159 | Food | J.M. Smucker Co. | $8,003 | 10.95% | $876 | 2.6% |
184 | Food | Ingredion Inc. | $6,894 | 1.70% | $117 | 15.1% |
198 | Food | McCormick & Company Inc. | $6,318 | 11.95% | $755 | 12.8% |
201 | Food | Post Holdings Inc. | $6,227 | 2.68% | $167 | 9.3% |
217 | Beverages | Coca-Cola Bottling Consolidated Inc. | $5,563 | 3.41% | $190 | 11.1% |
221 | Beverages | Monster Beverage Corp. | $5,541 | 24.86% | $1,378 | 20.5% |
246 | Food | Sanderson Farms Inc. | $4,800 | 9.48% | $455 | 34.7% |
250 | Food | Darling Ingredients Inc. | $4,741 | 13.73% | $651 | 32.7% |
262 | Food | Flowers Foods Inc. | $4,331 | 4.76% | $206 | -1.3% |
263 | Food | TreeHouse Foods Inc. | $4,328 | -0.29% | -$13 | -0.5% |
288 | Food | Lamb Weston Holdings Inc. | $3,671 | 8.66% | $318 | -3.2% |
301 | Beverages | Brown-Forman Corp. | $3,461 | 26.09% | $903 | 2.9% |
395 | Food | Boston Beer Co. Inc. | $2,058 | 0.71% | $15 | 18.5% |
396 | Food | B&G Foods Inc. | $2,056 | 3.28% | $67 | 4.5% |
404 | Food | Hain Celestial Group Inc. | $1,970 | 3.93% | $77 | -4.1% |
460 | Food | Seneca Foods Corp. | $1,468 | 8.59% | $126 | 9.9% |
461 | Food | Lancaster Colony Corp. | $1,467 | 9.70% | $142 | 9.9% |
473 | Food | Cal-Maine Foods Inc. | $1,349 | 0.16% | $2 | -0.2% |
491 | Food | Alto Ingredients Inc. | $1,208 | 3.82% | $46 | 34.7% |
494 | Food | Utz Brands Inc. | $1,181 | 1.74% | $21 | 22.4% |
499 | Food | Hostess Brands Inc. | $1,142 | 10.45% | $119 | 12.3% |
Data provided by Seeking Alpha and S&P Global.