15 Largest Food Companies in the World by Market Cap

1. Nestlé (OTC:NSRGY)

Market Capitalization: $287.122 billion

Nestlé S.A. (OTC:NSRGY) which is based in Switzerland, is the world’s largest food and beverage company. It boasts a portfolio of more than 2,000 brands, a workforce with more than 275,000 employees, 354 factories in 77 countries, and products sold in 188 countries worldwide.

According to Nestlé S.A. (OTC:NSRGY), consumer household budgets have been shrinking that have led to lower-than-expected full-year sales. Total reported sales in 2023 decreased by 1.5 percent to $106 billion whereas the net profit increased by 20.9 percent to $12.8 billion, according to Financial Times.

Looking ahead, an organic growth of somewhere around 4% is eyed by the company in 2024, while earnings are also expected to grow steadily somewhere between 6% to 10%, according to Nestlé.

Disclosure: None. If you are looking for an AI stock that is more promising than Micron but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Largest Agricultural Exporters in the World and 15 Highest Quality Pizza Chains in America.