This article discusses the 5 Biggest Snack Companies in the World. If you want to get detailed analysis on snack food industry, you can head on to 20 Biggest Snack Companies in the World.
5. The Kraft Heinz Company (NASDAQ:KHC)
Market Capitalization: $41.9 billion
Kraft Heinz Inc., a prominent player in the global snack industry, boasts a diverse range of iconic brands such as Cadbury, Jacobs, Kraft, Maxwell House, Nabisco, Oscar Mayer, Philadelphia, Trident, and Tang. With a rich history, forty of its brands have endured for at least a century.
Looking ahead to 2024, the company stands by its projections to achieve gradual growth, including a 0% to 2% increase in Organic Net Sales, driven by anticipated price contributions and expected volume growth in the latter half of the year. Additionally, Kraft Heinz anticipates a 2% to 4% rise in Adjusted Operating Income, coupled with a modest expansion in Adjusted Gross Profit Margin ranging from 25 to 75 basis points compared to the prior year.
4. Mondelez International, Inc. (NASDAQ:MDLZ)
Market Capitalization: $96.2 billion
Mondelez International, Inc. (NASDAQ:MDLZ), a top global snack company, offers a wide range of popular brands like Oreo, Ritz, LU, Clif Bar, Tate’s Bake Shop, Milka, and Toblerone in over 150 countries.
Anticipating a successful 2024, Mondelez International, Inc. (NASDAQ:MDLZ) forecasts Organic Net Revenue growth of 3 to 5 percent and high single-digit Adjusted EPS growth in constant currency. Additionally, Mondelēz International predicts a Free Cash Flow of $3.5+ billion for the year.
3. Unilever PLC (NYSE:UL)
Market Capitalization: $124.52 billion
Unilever PLC (NYSE:UL), one of the largest snack companies globally, offers a diverse range of over 400 brands like Cornetto, Knorr, Hellmann’s, Lipton, Wall’s, PG Tips, Ben & Jerry’s, and Magnum, present worldwide.
In 2023, Unilever PLC (NYSE:UL) saw noteworthy performance metrics, with underlying sales growth increasing by 7.0%, volume growth up by 0.2%, and underlying operating margin rising by 60 basis points to 16.7%. Notably, the 30 Power Brands achieved a significant underlying sales growth of 8.6%.
2. PepsiCo, Inc. (NASDAQ:PEP)
Market Capitalization: $ 227.2 billion
PepsiCo, Inc. (NASDAQ:PEP), one of the largest snack companies in the world, offers a wide range of popular snacks, soft drinks, dairy products, juices, and grains under renowned brand names such as Pepsi, Lay’s, Doritos, 7UP, Tropicana, and Quaker Oats, as well as regional favorites like Walkers crisps, Alvalle Gazpacho, Duyvis nuts, and Agusha baby food.
Despite falling short of sales forecasts with a 0.5% decline to $27.85 billion, PepsiCo, Inc. (NASDAQ:PEP) exceeded expectations by posting 2023 fourth quarter earnings per share (EPS) of $1.78.
1. Nestlé S.A. (Other OTC:NSRGY)
Market Capitalization: $285.3 billion
Nestlé S.A. (Other OTC:NSRGY), a leading global snack company based in Vevey, Switzerland, offers iconic treats like NESTLÉ® CRUNCH®, NESTLÉ® BUTTERFINGER®, and NESTLÉ® BABY RUTH®. Their Wonka brand delivers whimsical candy surprises, while NESTLÉ® SKINNY COW™ CANDY, NESTLÉ RAISINETS®, and NESTLÉ GOOBERS® cater to health-conscious snackers.
Nestlé S.A. (Other OTC:NSRGY) saw organic growth of 7.2%, pricing at 7.5%, and real internal growth (RIG) of -0.3%. Across regions and product categories, Nestlé’s growth was strong. The underlying trading operating profit (UTOP) margin increased to 17.3%, with a 20 basis points rise in reported basis and a 40 basis points increase in constant currency. The trading operating profit (TOP) margin also rose to 15.6%, up by 160 basis points.
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