As the demand for food never decreases because it is a necessity, so this industry remains unaffected by the recession. One can’t live without food, which is a good sign for food processing industry in the USA. USA food processing industry is one of the largest manufacturing sectors.
Due to better economic conditions, the spending power of American customers is increasing day by day. According to a research, about 4% of the disposable income is spent on consumption of food outside the home in an American family. Around 10% of the shipments in the USA are contributed by the food industry. Some of the best food processing companies in the USA are listed below:
Top 9 Best Food Processing Companies in The USA in 2017-2018
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A US based company which was founded in the year 1911 in Tacoma, Washington, U.S. It deals with wide range of sectors like confectionary, chocolates, pet care, food, drinks and Sym-bioscience etc. This world-renowned company was started in a small kitchen by Franklin Mars. He used to experiment the various candy making process. Later, his son Forrest Mars was successful in producing best-selling candy bar. At present Milky Way and Snickers are its top selling chocolate brands.
CEO of the company is Grant F. Reid and the headquarters of the company is based in McLean, Virginia, USA. With revenue of $33 billion, Mars is one of the largest food processing companies in the world.
8. ConAgra Foods
Next in the list is ConAgra Foods, which was formerly known as Nebraska Consolidated Mills. It was founded in the year 1919 by Alva Kinney and Frank Little. ConAgra is a food processing company with a diversified product portfolio which includes frozen dinner, cooking oil, peanut butter, hot dogs and hot cocoa. Some of the major brands of this company are Healthy Choice, Hebrew National, Reddi-wipp and Hunt’s.
The headquarters of the company is located in Chicago, Illinois, USA. Sean Connolly is the present CEO ConAgra Foods. The revenue of this company till 2017 was $11.6 billion.
7. General Mills
General Mills was incorporated in 1856 as Minneapolis Milling Company. Robert Smith, an Illinois Congressman was the founder of the company. Oatmeal Crisp, Fiber One, Cocoa Puffs and Basic 4 are some of its well-known brands. Other segments included by this company are bakery goods, meal products, organic foods and grain snacks.
Headquartered in Golden Valley, Minnesota, USA; General Mills is headed by its Chairman and CEO Kendall J. Powell. The revenue of the company for the financial year 2016 was 16.6 billion.
6. Smithfield Foods
Smithfield Foods was established by Joseph W. Luther and his son in the year 1936. In the beginning, it was named as Smithfield Packing Company. Later it was purchased by Shuanghui International Holdings Ltd, a Chinese company in the year 2013. It is basically a meat processing firm with the largest slaughter house and operating plant in the world located, which is based in Tar Heel, North Carolina. With a global presence in Europe and Mexico, Smithfield Foods is not only concentrated in the USA. They are well-known throughout the world as pig producer and pork processor.
The CEO of this big company is Kenneth M. Sullivan and the headquarters of firm is based in Smithfield, Virginia, USA. With a net income profit of $121 million for the first quarter of 2016, this is one of the record earnings of Smithfield Foods.
5. Anheuser-Busch InBev (ABInBev)
ABInBev is a popular beverage company established in the year 2008. It was formed by the merger of InBev and Anheuser-Busch. According to the estimates of Euromonitor International, the company will retain a global market share of 28%. Some of the global brands of ABInBev are Budweiser, Stella Artois, Corona, Leffe, and Becks.
The global headquarter of the company is based in Leuven, Belgium and the operational headquarter is based in New York City, USA. Carlos Brito is the present CEO of the company. With revenue of more than $ 45 billion, ANInBev is undoubtedly one of the largest beverage companies in the world.
4. JBS USA
A leading processor of lamb, beef and pork, JBS USA Holdings, Inc is wholly owned subsidiary of JBS S.A., a Brazilian company. JBS S.A. is one of the world’s largest processor of pork and beef. JBS USA came into existence when JBS S.A. entered into US market. Before the purchase, JBS USA was known as Swift & Company, which was established in 1855.
With the main headquarter present in Greeley, Colorado, USA; JBS USA is able to operate successfully. The revenue of parent company JBS S.A. is more than $ 40 billion in year ended 2016.
With the help of research, Nestle USA is looking into the changing requirements of people of USA. The USA is one of the largest markets of Nestle. Europe’s first condensed milk factory was built in Cham, Switzerland by two American brothers, Charles and George Page in 1866. Some of the brands of Nestle are Maggi, KitKat, Milo, Nescafe, Cofeemate, and Friskies.
The global headquarters of Nestle is base at Vevey, Switzerland. Paul Grimwood is the CEO of Nestle USA. To our surprise, more than 90% of the household in the USA purchase Nestlé’s products. Nestle USA was able to achieve a record sale of $ 26 billion in the year 2015.
Caleb Bradham, an industrialist, and pharmacist from North Carolina developed a recipe of soft drink in 1880. As the soft drink became popular, he incorporated the Pepsi-Cola company in 1902 and patented the recipe in 1903. PepsiCo came into existence in 1965, by the merger of Frito-Lay and Pepsi. The company has interests in manufacturing of beverages, snacks foods, and others. Apart from manufacturing, they also look after the marketing and distribution activities. Few of the well-known brands of PepsiCo are Mountain Dew, Pepsi, Diet Pepsi, Cheetos and Lay’s potato chips.
Lead by an Indra Nooyi as CEO, PepsiCo is marching towards the new millennium. The company is based in Purchase, New York. With more than $60 billion revenue, PepsiCo is one of the leading food processing companies in the USA.
1. Tyson Foods
One of the largest multinational conglomerates in the food processing industry in the USA is Tyson Foods. It is credited as one of the largest exporters of beef outside the USA, and also the largest processor of pork, chicken, and beef in the world. The company was established in 1935 by John W. Tyson. Apart from the above the company also produces soup sauces, pizza toppings and crusts, and appetizers. The State Fair, The Hillshire Farm, The Ball Park, Wright and The Tyson are some of its well-known brands.
Tyson Foods is based in Springdale, Arkansas, USA. The CEO of the company is Tom Hayes. One of the biggest acquisitions of Tyson Foods was made by spending $8.55 billion to acquire Hillshire brands. With revenue of more than $41 billion, Tyson Foods is leading the charts in the USA.
The list was long and exhausting, but some of them made into the top 9 food processing companies in the list. Final rankings are made on certain assumptions and statistics like brand value, sales at present and total revenue generated till now. Many companies are on the verge of expansion either by opening new factories in foreign country or by acquiring existing brands of other companies. The above list might see some changes in the coming year due to faster growth of companies in food processing sector.