In this piece, we’ve made a list of the world’s top FMCG (or CPG) companies for 2023 based on their revenue and the number of brands they sell. The goods used daily are called FMCG (Fast Moving Consumer Goods) or CPG (Consumer Packaged Goods). Some goods the top FMCG companies make are food and drinks, personal care, health care, skin care, oral care, and many others.
Demand, distribution, and the supply chain were all messed up because of the pandemic, but consumers will always want CPG goods. Now that the world is returning to normal after the pandemic, the CPG market has returned. However, if the economy slows down, CPG could be affected.
Fast-moving consumer goods (FMCG) and consumer packaged goods (CPG) companies with the most revenue in 2023
Procter & Gamble, Johnson & Johnson, Nestle, Unilever, JBS, L’Oréal, and beverage companies like Coca-Cola, Pepsi, etc. are among the top FMCG (or CPG) companies. The list is based on three key criteria such as revenue, profit, and the number of global brands. Here is a list of the top 10 companies in the world that make fast-moving consumer goods in 2023.
A Quick Look:
- Rank 1. Johnson and Johnson
- Rank 2. Pepsi Inc.
- Rank 3. Procter and Gamble
- Rank 4. Nestle, Inc.
- Rank 5. JBS
- Rank 6. Unilever
- Rank 7. A.B. InBev
- Rank 8. Tyson Foods
- Rank 9. Coca-Cola
- Rank 10. L’Oreal S.A.
Rank 1. Johnson and Johnson
Johnson & Johnson products have three main types: consumer healthcare, medical devices, and pharmaceuticals.
The company’s main office is in New Brunswick, New Jersey, which is in the United States. It has about 250 branches in nearly 60 countries around the world.
J&J has many types of businesses, such as pharmaceuticals, medical devices, and consumer health goods. The pharmaceutical division of J&J is in charge of making prescription drugs to help a wide range of illnesses and conditions.
The company makes surgical tools, orthopedic products, and devices for the heart and blood vessels. A blood glucose meter and a hip replacement system are two well-known medical devices made by this company. In the consumer health section of J&J, products like Band-Aids, Tylenol, and Listerine are made that can be bought without a prescription. These products are made to help with common health problems and improve general health. The company is known for being socially responsible, and its drive to sustainability and corporate social responsibility has been recognized.
PARAMETERS:
Revenue: $ 94 billion
Number of Brands: 90
Rank 2. Pepsi Inc.
PepsiCo is proud to own well-known names like Lays, Pepsi, Tropicana, Quaker, and many more.
People find it funny that PepsiCo and Coca-Cola are big business rivals, and Pepsi fans won’t buy Coke and vice versa.
PepsiCo owns many well-known names worldwide, such as Pepsi, Frito-Lay, Gatorade, Tropicana, Quaker Oats, and more. Pepsi, one of the most popular soft drinks in the world, is one of PepsiCo’s best-known products. Gatorade, Tropicana, and Aquafina are famous brands of the same company. PepsiCo’s Frito-Lay business, which makes Lay’s, Doritos, Cheetos, and Tostitos, makes snack foods and soft drinks.
The company has also committed to sustainability, and it has done many things to lessen the damage it does to the environment. These efforts are being done all over the world. They include projects to save water, renewable energy, and methods for sustainable packaging. People also know that the company works on several charitable projects. The PepsiCo Foundation, the company’s charity arm, works to give people in poor areas access to clean water, food, and education.
PARAMETERS:
Revenue: $ 86 billion
Net Profit: ~$ 7.5 billion
Number of Brands: 22
Rank 3. Procter and Gamble
Procter & Gamble was started in 1837 by Irish American James and British American William Procter. This makes Procter & Gamble one of the oldest Fortune 500 companies.
The company’s goods are sold in 180 countries around the world. P&G makes products for beauty, grooming, health care, clothing care, home care, and baby care, among other things. Some of its most well-known international names are Tide laundry detergent, Crest toothpaste, Pampers diapers, etc. P&G is known for being a very clever company, spending a lot of money on research and development. The company is always looking for ways to improve its products and has a strong pipeline of new goods.
The company has worked hard to make changes that are better for the environment. The company has done many things to lower its carbon footprint and save water, energy, and other natural resources. Also, the company is active in several charitable projects. For example, the P&G Children’s Safe Drinking Water Programme gives people in developing countries clean water. Overall, Procter & Gamble is a major player in the consumer goods business. It has many well-known brands and a strong commitment to innovation, sustainability, and social responsibility.
PARAMETERS:
Revenue: $ 80 billion
Number of Brands: 105
Rank 4. Nestle, Inc.
Nestle is a company that makes food and drinks. Its main office is in Vevey, Vaud, Switzerland, which shows it is truly Swiss.
Nestle has become one of the world’s biggest food and drink companies, with businesses in over 180 countries. Nestle has a big portfolio of food and drinks, such as coffee, drinking water, baby formula, pet food, and sweets. Nestle owns many well-known names, such as Nescafe, KitKat, Gerber, and Purina.
Nestle is committed to doing business in a way that is good for the environment, and the company has taken many steps to do this. Nestle is also involved in several charitable projects. The company’s Creating Shared Value (CSV) program works on solving social and environmental problems in the places where it does business. Overall, Nestle is a major player in the food and drink industry. It has many well-known brands and a strong sustainability and social responsibility commitment.
PARAMETERS:
Revenue: $ 74 billion
Number of Brands: 2000
Rank 5. JBS
JBS is the second biggest food company in the world. It has a wide range of products and makes mostly frozen meat and poultry.
This top FMCG company also processes and stores food according to international standards. Its well-known names are sold in more than 150 countries. JBS is one of the biggest meat processing companies in the world and has 10 famous names worth a billion dollars each. In 1953, the company was started in Brazil. 1980 was the year when the company began to grow quickly. More than 300 places exist where the company makes things in different countries. The business has more than 20 sales offices around the world. The company has made a niche market for goods ready to eat, fresh, or frozen.
The company’s manufacturing plant is the biggest private employer in many towns. The company is an important part of the local economy and community by creating direct and secondary jobs. JBS is also the main backer of the Germinare Institute in Sao Paulo, Brazil. This business school is for kids and teens ages 12 to 18. In partnership with McDonald’s, the company made the first reusable hamburger. The “Roast in Bag” product has also won many awards for the company. “Today is Chicken Day” is Brazil’s most popular chicken-related site, with over 6 million interactions. Over 2,15,000 people work for the company all over the world. When it comes to making meat in the United States, JBS USA has been in second place.
PARAMETERS:
Revenue: $ billi72on
Number of Brands: 10
Rank 6. Unilever
Unilever is a British-Dutch company with offices in London, UK, and Rotterdam, Netherlands.
Unilever is one of the best FMCG companies in the world because it owns more than 300 brands across the globe. These brands cover a wide range of products. The company was born when Margarine Uni and Lever Brothers joined forces in 1930. Soap and margarine makers worked together to make a multinational business that meets the needs of millions of people every day. The company sells food and drinks, cleaning products, personal care and home care items, snacks, and more.
Around 190 countries are home to one of the oldest global companies. The company owns 15 names worth $1 billion or more. Up to 58% of Unilever’s sales come from its most well-known characters. 18 of the company’s top brands were considered sustainable living brands because they grew faster than 50% and made up more than 60% of the company’s growth. AXE, Dove, Knorr, Lipton, Sunsilk, and Surf are some of the best names. Unilever has bought a lot of important companies, like Breyers, from Kraft, which is the biggest ice cream maker in the U.S. Unilever does a lot of CSR work, and the Lifebuoy Roti promotion was a big marketing win for the company. The company has tried to spread health information and give women jobs in rural places. Unilever’s strength is its strong supply chain network. In places like India, getting to the most remote parts of the country takes a lot of work. Because of its knowledge of distributor networks, Unilever was able to make it happen. There are both expensive and cheap goods in the company’s lineup.
PARAMETERS:
Revenue: $ 64 billion
Number of Brands: 310
Rank 7. A.B. InBev
A Belgian-Brazilian company called Anheuser-Busch InBev sells transitioning drinks all over the world.
The company is based in Leuven, Belgium, and after buying SABMiller in October 2016, it is now thought to be the biggest beverage company in the world. In 2008, three big companies—Interbrew from Belgium, Ambev from Brazil, and Anheuser-Busch from the United States—came together to make what is now A.B. InBev. Ab InBev won more than 190 awards around the world in 2017. The company does business worldwide with more than 500 different names. As one of the best FMCG companies, it has leading names worth billions of dollars growing steadily. Together, the companies brought in 16.8% more money. The company had by far the best organic growth in revenue of any global FMCG business in 2017. The company works in almost all beer markets, and its names are sold in more than 100 countries worldwide.
In 2017, the company’s general sales increased by 5.1%, and its EBITDA increased by 13.4%. Fortune magazine said the company was the most liked in the world. The company scored 100 on the business quality index and was the best place to work for 2017. To keep up with the rest of the world regarding clean energy, the company wants to switch to green energy for U.S. brewing. The company has promised to get all its energy from green sources by 2025. The company has an Analytics lab in Illinois called the Bud Analytics lab. Its main goal is to use data study and new ideas to solve problems like assortment optimization, social media, market trends, etc.
PARAMETERS:
Revenue: $ 55 billion
Number of Brands: 500
Rank 8. Tyson Foods
The Tyson Food Co. is an American multinational food company and one of the biggest FMCG companies.
It is based in Springdale, Arkansas, and is the world’s biggest processor and marketer of chicken and meat goods. It also sends the most meat outside the United States of America than any other company. John W. Tyson started this company in 1935. As of 2014, it employed 115,000 people at more than 300 offices. Tyson also works with 6,729 farmers who raise chickens on their own. It is one of the biggest U.S. companies selling value-added chicken, hamburgers, etc., to retail stores, wide-line foodservice wholesalers, national fast food, and full-service restaurant chains. It also sells fresh hamburgers, frozen and fully cooked chicken, meat, and other items, case-prepared meat, grocery store shop chicken items, meat ingredients for the pizza business and retail frozen pizza, club store chicken, hamburgers, etc., ground meat, and flour tortillas. It gives chicken to all. Yum! Brands restaurants that use chicken, like KFC and Taco Ringer, McDonald’s, Burger King, Wendy’s, Wal-Mart, Kroger, IGA, Meat O’Brady’s, small restaurants, and prisons.
Revenue: $ 53 billion
Rank 9. Coca-Cola
The Coca-Cola Company’s most famous product is Coke, first made as a patent medicine to help relieve stress.
The company makes liquids for famous drinks like Diet Coke, Coke Zero, Coca-Cola Vanilla, and more. The Coca-Cola Company is the biggest beverage company in the world and one of the best fast-moving consumer goods (FMCG) companies because of its wide range of products and distribution. The company owns the market for more than 500 non alcoholic beverage brands, which they group into the following categories:
- Sparkling soft drinks, water, enhanced water, and sports drinks
- Juice and dairy beverages
- Tea, coffee, and energy drinks
The company sells Diet Coke, Coca-Cola, Fanta, and Sprite, four of the world’s top five non-alcoholic soft drink names. More than 200 different countries buy finished drinks from the company.
All FMCG goods are sold worldwide through a network of Company-owned distribution operations and independent bottling partners, distributors, and retailers. This is the largest beverage distribution system in the world. The company is also known for its creative ways of selling and promoting its goods, which is why young people like them. 60 billion servings of all drinks are drunk every day around the world. The main areas where the company does business are Europe, the Middle East, Africa, Latin America, North America, Asia-Pacific, etc.. The company is very serious about its pledge to be green. 89% of the bottling partners and 90% of the main suppliers met the supplier guiding principles. Through the 5by20 program, 1.7 million women were given economic freedom. The company has bought names like Minute-Maid, FUZE, Monster, Vitamin Water, etc., in a planned way.
PARAMETERS:
Revenue: $ 43 billion
Number of Brands: 500+
Rank 10. L’Oreal S.A.
Ethisphere Institute named L’Oréal the most ethical company in the world, and it is a leading cosmetics and FMCG business.
The best things about L’Oréal are its code of business ethics and the fact that it treats men and women equally. This is why it is one of the best FMCG companies in the world. More than 34 world brands of cosmetics, make-up, and beauty products are in the portfolio. Louis Schuler, a French chemist, began L’Oréal in 1919. The company has hired 20,000 scientists up to this point. This number shows that L’Oréal is interested in R&D. L’Oréal stands out because it keeps filing patents. In 2017, it filed for a total of 498 patents. L’Oréal is also the first makeup company in the world to be present in 150 countries. Every year, L’Oréal and UNESCO put on a program called “For Women in Science” that honours and awards five well-known scientists worldwide. Since 1998, there have been about 100 laureates. Three of them have also won a Nobel Prize.
L’Oréal has become more diverse by entering the markets for skin care, hair care, makeup, fragrances, and personal hygiene goods, where it beats the other big players. L’Oréal has seen online cosmetics sales grow by 25% around the world, giving them an extra 10% of the beauty market. L’Oréal has been making a lot of money to live up to its goal of making everyone beautiful. L’Oréal is giving regular hair salons a new look by adding an element of creativity, which makes them places for creativity. In October 2017, the L’Oréal Professional Business Forum brought together 1,500 salon managers from more than 60 countries. It has about 250 training workshops around the world, where it trains about 450,000 hairdressers each year. On the list of the top 10 FMCG companies in the world in 2023, L’Oréal is number ten.
PARAMETERS:
Revenue: $ 40 billion
Number of Brands: 34
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