Cargill, with roughly $154 billion in annual revenue, is the largest food company in the world in 2026, ahead of Nestle at roughly $108 billion and PepsiCo at $93.9 billion. This list ranks the 15 companies behind most of what Aluxers eat and drink, using each company’s latest full-year revenue (2025, or the fiscal year ending in 2025). Foreign currencies are converted at approximate 2025 average rates.
| Rank | Company | Latest annual revenue |
|---|---|---|
| 1 | Cargill | About $154 billion |
| 2 | Nestle | About $108 billion |
| 3 | PepsiCo | $93.9 billion |
| 4 | JBS | $86.2 billion |
| 5 | ADM | About $80.3 billion |
| 6 | Wilmar | About $70.4 billion |
| 7 | AB InBev | $59.3 billion |
| 8 | Unilever | About $57 billion |
| 9 | Mars | About $55 billion (before Kellanova) |
| 10 | Tyson Foods | $54.4 billion |
| 11 | Coca-Cola | $47.9 billion |
| 12 | Mondelez | $38.5 billion |
| 13 | Heineken | About $32 billion |
| 14 | Danone | About $31 billion |
| 15 | Kraft Heinz | $24.9 billion |
Our rule: we rank by reported revenue, not by brand count. Three names from our earlier list are gone. SABMiller was absorbed by AB InBev in 2016, Kellogg’s snack brands now sit inside Mars, and General Mills slipped below the cut. Agricultural traders Cargill, ADM and Wilmar now appear because they handle the crops behind the products on shelves.
15. Kraft Heinz: Revenue $24.9 billion
Kraft Heinz owns Heinz ketchup, Kraft Mac & Cheese, Oscar Mayer and Philadelphia. Net sales reportedly fell in 2025 as volumes softened.
How we valued it: Its 2025 net sales in its annual filing.
14. Danone: Revenue about $31 billion
Danone reported 2025 sales of roughly 27.3 billion euros. It sells Activia, Evian, Alpro and infant nutrition brands.
How we valued it: Danone 2025 euro sales, converted to dollars.
13. Heineken: Revenue about $32 billion
Heineken had 2025 net revenue of 28.8 billion euros. Besides the Heineken lager it owns Tiger, Amstel and Sol, and it is one of the largest brewers by volume. See our list of the bestselling beer brands in the world.
How we valued it: Heineken 2025 euro net revenue at average 2025 exchange rates.
12. Mondelez: Revenue $38.5 billion
Mondelez, maker of Oreo, Cadbury and Toblerone, grew 2025 net revenue 5.8% to $38.5 billion. Higher cocoa costs weighed on its profit that year.
How we valued it: Mondelez 2025 net revenues in its annual report.
11. Coca-Cola: Revenue $47.9 billion
Coca-Cola’s 2025 net revenue was about $47.9 billion. It sells mostly concentrate to bottlers rather than finished drinks, which keeps its margins high. Read more in our guide to the bestselling sodas in the world.
How we valued it: Coca-Cola 2025 net operating revenues.
10. Tyson Foods: Revenue $54.4 billion
Tyson, one of the largest meat processors in the world, reported fiscal 2025 sales of about $54.4 billion. Its chicken, beef and pork products supply grocery stores and restaurants.
How we valued it: Fiscal 2025 sales.
9. Mars: Revenue about $55 billion
Mars is private and describes itself as a roughly $55 billion business. It completed its purchase of Kellanova, owner of Pringles, Cheez-It and Pop-Tarts, on 11 December 2025, so its 2026 revenue should be higher. Mars makes M&Ms, Snickers, pet food and confectionery.
How we valued it: The company’s own revenue description, before adding Kellanova.
8. Unilever: Revenue about $57 billion
Unilever reported 2025 turnover of 50.5 billion euros after it demerged its ice cream arm, now The Magnum Ice Cream Company, in December 2025. Its food brands include Hellmann’s, Knorr and Ben and Jerry’s.
How we valued it: Unilever 2025 euro turnover for continuing operations translated to dollars.
7. AB InBev: Revenue $59.3 billion
The brewer of Budweiser, Corona and Stella Artois reported 2025 revenue of $59.3 billion, roughly flat on the year. It absorbed SABMiller in 2016, so the old list’s number 12 is now part of this total.
How we valued it: AB InBev 2025 revenue as filed.
6. Wilmar: Revenue about $70.4 billion
Singapore-based Wilmar is Asia’s biggest agribusiness. It refines palm oil, cooking oil, rice and sugar, and reported 2025 revenue of about $70.4 billion.
How we valued it: Wilmar 2025 revenue as reported, roughly $70 billion.
5. ADM: Revenue about $80.3 billion
Archer-Daniels-Midland processes corn, soybeans and wheat into oils, sweeteners and animal feed. Its 2025 revenue was reportedly about $80.3 billion, down from 2024.
How we valued it: Calendar 2025 revenue.
4. JBS: Revenue $86.2 billion
Brazilian meat giant JBS grew 2025 net revenue 12% to $86.2 billion, from $77.2 billion in 2024. Its North American beef arm is a huge part of that.
How we valued it: Net revenue in its 2025 annual filing.
3. PepsiCo: Revenue $93.9 billion
PepsiCo reported 2025 net revenue of $93.9 billion, up 2.3%. Its portfolio covers food brands such as Lay’s, Doritos and Quaker and drinks including Pepsi, Gatorade and Mountain Dew.
How we valued it: PepsiCo 2025 net revenue as reported.
2. Nestle: Revenue about $108 billion
Nestle reported 2025 sales of 89.5 billion Swiss francs, which is roughly $108 billion. Reported sales fell 2% because of currency, while organic growth was 3.5%. Brands include Nescafe, Nespresso, KitKat and Purina.
How we valued it: Nestle 2025 franc sales at the 2025 average franc rate.
1. Cargill: Revenue about $154 billion
Privately held Cargill trades grain, oilseeds, meat and sugar and supplies other food companies. It reported about $154 billion in revenue for the fiscal year ending May 2025, down from $160 billion a year earlier.
How we valued it: Fiscal 2025 revenue; Cargill is private, so the figure comes from its annual report as relayed in the press.
FAQ
What is the largest food company in the world in 2026?
Cargill, with about $154 billion in revenue for the fiscal year ending May 2025. Nestle is next at roughly $108 billion.
Which branded food company is the biggest?
Nestle leads among companies selling mainly branded food. PepsiCo is second at $93.9 billion in 2025 revenue.
Why are Cargill, ADM and Wilmar on this list?
They trade and process crops that other companies use as ingredients. Their revenue is large even though shoppers rarely see their names.
What changed since our last list?
SABMiller is gone (absorbed by AB InBev), Kellogg and General Mills dropped out, and Cargill, JBS, ADM and Wilmar now appear because they rank higher on revenue.
What happened to Kellogg?
Kellogg’s snack business, now called Kellanova, was bought by Mars in December 2025.
How are these revenues measured?
We use each company’s latest reported full-year revenue and convert foreign currencies at approximate 2025 average rates. Figures vary a little with the exchange rate chosen.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
For this list the inputs are annual filings, results releases and, for private firms, company statements. We convert foreign currencies at approximate average rates and do not copy anyone else’s order.
Last updated: October 2026.
