In this piece, we will take a look at the five largest ice cream companies in the world. For more companies, head on over to 15 Biggest Ice Cream Companies in the World.
5. Mayfield Dairy Farms
Revenue during 2021: $19.3 billion
Mayfield Dairy Farms was a subsidiary of Dean Foods which was bought by the Dairy Farmers of America in 2020. Dairy Farmers is the largest private company in the Kansas City area, and the firm raked in $19.3 billion in revenue in 2021. Mayfield Dairy Farms’ ice cream products include Seasonal, Squares, Sherbet, Frozen Yogurt, and Premium. The Premium segment is its largest ice cream segment, with a total of 47 different flavors.
4. Danone S.A. (EPA:BN.PA)
Revenue during 2021: $24 billion
Danone S.A. (EPA:BN.PA) is a French food products company that was founded in Spain and is headquartered in Paris. The firm has more than a hundred thousand employees and a diverse global operations base with stores in India, Russia, Africa, China, and other regions. The company sells ice cream under its Oikos brand, and it brought in $24 billion in revenue last year.
3. Unilever PLC (NYSE:UL)
Revenue during 2021: $55.2 billion
Unilever PLC (NYSE:UL) is a Btitish household and other products firm that is the largest in the world when it comes to ice cream brands. It has dozes of brands under its wing, which are often limited by location. Some countries in which it has these brands include Sri Lanka, Denmark, France, Germany, the U.S., and Ecuador. Unilever PLC (NYSE:UL) has ice cream factories in Europe as well, and some of its most popular brands are Ben & Jerry’s, Breyers, and Klondike. Most of its ice creams are under the Heartbrand name, which is known, as the name suggests, for its heart shape. As a whole, Unilever PLC (NYSE:UL) brought a whopping $55.2 billion in revenue last year.
21 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought Unilever PLC (NYSE:UL)’s shares.
Unilever PLC (NYSE:UL)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management which owns 6.9 million shares that are worth $305 million.
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2. Nestlé S.A. (OTCMKTS:NSRGY)
Revenue during 2021: $93.7 billion
Nestlé S.A. (OTCMKTS:NSRGY) is one of the largest confectionery and food and beverage companies in the world. It was formed in 1866 and is headquartered in Switzerland. The firm owns popular ice cream brands such as Dreyer’s, Häagen-Dazs (only in the U.S), Movenpick, Xtreme, and its own ice cream brand. Due to its global presence, Nestlé S.A. (OTCMKTS:NSRGY)’s ice creams are also often catered to local tastes and variety. By the end of 2021, the company had earned $93.7 billion in revenue.
1. The Kroger Co. (NYSE:KR)
Revenue during 2021: $137 billion
The Kroger Co. (NYSE:KR) is a grocery store chain that sells its own ice cream as well under the Deluxe and Private Selection brands. It also owns other ice cream companies such as Turkey Hill. The Kroger Co. (NYSE:KR)’s ice creams are made in its own dairies in Indianapolis and Cincinnati. The firm earned $137 billion in revenue in 2021.
By the end of this year’s third quarter, 49 of the 920 hedge funds polled by Insider Monkey had bought The Kroger Co. (NYSE:KR)’s shares.
The Kroger Co. (NYSE:KR)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 50 million shares that are worth $2 billion.
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Disclosure: None. You can also take a peek at 10 Best Cheap Stocks to Buy Now for Long Term and 20 Largest Hotel Chains in the World.
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