PepsiCo, Tyson Foods Top Food Processing's Top 100 List of Top Food & Beverage Companies
Food Processing's annual Top 100© list ranks the largest food and beverage manufacturers according to 2020 sales. This year, PepsiCo and Tyson Foods remained on top, in spots 1 and 2 respectively, as the largest food and beverage processors in the U.S. and Canada.
SCHAUMBURG, Ill., Aug. 13, 2021 /PRNewswire-PRWeb/ -- Despite all of the pantry stocking and comfort food eating that took place in 2020, sales for the food and beverage industry's top 100 manufacturers came in at only 1.7% over 2019's sales figures. That's according to Food Processing's Top 100© list of the top food & beverage companies in the U.S. and Canada.
Food Processing, which is the only B2B media brand to cover the entire food and beverage industry, just announced the results of its 2021 Top 100 Food & Beverage Companies research. The 46th annual listing of North America's top food and beverage companies revealed sales figures for the biggest food companies in the U.S. and Canada in 2020.
"When we began collecting the data for the Top 100©, we expected collective sales for the 100 companies represented in this report to be up double digits," said Dave Fusaro, Editor in Chief of Food Processing and author of the report. "We knew there were companies with manufacturing plants that were shut down by the pandemic or who were too reliant on foodservice. Still, we expected a healthy increase. However, when tallying up the sales column for 2020, sales for the entire 100 increased only 1.7% last year over 2019."
Regardless of the single-digit increase, numerous companies had exceptionally good years. According to the report, the U.S. and Canadian operations of Grupo Bimbo saw sales rise more than $1.2 billion, while Mondelez added a billion dollars, and PepsiCo saw a $2 billion uptick. Other double-digit sales increases included Grupo Lala's U.S. operations (+22%), B&G Foods (nearly 19%) and Unilever's U.S. food business (+18%).
Also worth noting were some of the profit increases. Conagra's net was up 54%, Bimbo SA's rose by a third and Campbell's was up nearly eight-fold. TreeHouse Foods, still in the midst of a portfolio reshaping, went from a $361 million loss in 2019 to a $14 million profit.
The full 2021 report and analysis can be found on the Food Processing website: https://bit.ly/t10021a
An interactive, sortable chart is also available free of charge https://bit.ly/t10021
About Food Processing
Food Processing is an award-winning publication operated by Putman Media. Both our monthly magazine and our website (http://www.foodprocessing.com) offer comprehensive coverage of the entire food and beverage industry. We report on issues that affect the executive level, plant floor operators and frontline workers, R&D teams, marketing, and much more.
Media Contact
Erin Hallstrom, Putman Media, +1 6302074253, [email protected]
SOURCE Food Processing
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