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The term food companies include a series of business motions pointed at the production, distribution, processing, exchange, preparation, preservation, transport, certification, and packaging of foodstuffs. The company today has become highly diversified, with manufacturing starting from small, traditional, family-run activities that are highly labor-intensive, to large, capital-intensive and highly mechanized industrial processes. Many food companies depend almost entirely on local agriculture produce or fishing.
Are you a Coke person? Well, this list might change your answer. Turns out tons of food and beverage companies are owned by the large soda bros. Beyond the standard bubbly BEVs, the list has everything from breakfast cereal to smoothies to hummus.
More OJ made by a soda company. There’s a cause we will all drink to.
Why would Coca-Cola own one OJ company, once they could own two?! is sensible, right? With a rather more wholesome image than Minute Maid, Simply Orange has that just-squeezed vibe. Marketing win.
We’re unsure what makes this water-smart, but the entire Glaceau brand is owned by Coca-Cola.
A Coca-Cola product you see at Whole Foods? That’s right. HonestTea is formed by Coca-Cola.
Coca-Cola’s response to PepsiCo’s Naked Juice. it’s so healthy and a little business-like, doesn’t it? We admire how they grew up with the name.
During the first half of 2020, Nestlé’s total reported sales stood at CHF 41.2 billion (approximately $45 billion), representing a 9.5% year-over-year decrease, with results impacted by the divestment of its Skin Health and US frozen dessert business last year. In June, Nestlé announced that it might explore the sale of “the majority” of its Nestlé Waters North America unit (which registered sales of CHF 3.4 billion in 2019).
Mars launched a variety of latest products, including Snickers Peanut Brownie, which mixes the first Snickers bar with a brownie filling; and Maltesers Biscuits, launched in partnership with Burton’s Biscuit Company, representing the primary time Maltesers has entered the biscuit category. In the UK, Mars also introduced a trio of vegan Galaxy chocolate bars in November last year.
As a part of its sustainability efforts, Mars, together with the International Fund for Agricultural Development (IFAD) and World Agroforestry (ICRAF) will invest $4 million in sustainability farming R&D in Indonesia and therefore the Philippines, during a bid to attach small scale producers with the worldwide supply chain.
Founded Year: 2017
Tyson Foods was also under scrutiny this year when officials revealed that quite half the workers at its Perry plant in Iowa tested positive with Covid-19. The outbreak led to a suspension of poultry imports from a Tyson Foods meat processing plant in the US to China, also as an investigation into several major meatpackers, including Tyson Foods, JBS USA, Cargill, and Smithfield Foods.
Holding a firm second position, reported a 3.1% decline in net revenue in its second-quarter results, yet admitted it’s continued to ascertain “resiliency” in its global snacks and food business.
PepsiCo-owned Naked Juice launched a low-sugar smoothie line in the UK, Naked Lean. Elsewhere in the UK, the company’s Doritos brand entered the tube snacks market with the launch of Doritos Stax. In response to the Black Lives Matter movement, PepsiCo also announced that it might replace and retire its Aunt Jemima range, acknowledging the imagery behind the brand was supported by a racial stereotype.
Founded Year: 2012
Cargill joins the list of major meatpackers who were under investigation for his or her handling of meat exports and worker safety during the coronavirus pandemic. the corporate reduced production at one of Canada’s largest beef-packing plants after several dozen workers became infected with the virus.
As a part of its sustainability report, Cargill invested $113 million to expand its cocoa processing sites in the Ivory Coast and Ghana and highlighted its use of digital technologies in creating a transparent and sustainable cocoa supply. Furthermore, Cargill pledged to assist improve seaweed farming in Tanzania; and announced ten new renewable energy projects, aimed toward reducing CO2 emissions by approximately 350,000 metric tonnes a year.
Founded Year: 2005
Clean ingredient labeling, clear and sustainable packaging, and on-the-go convenience are all trends of the fastest-growing food products. And because lead times are lengthening on ingredients while product development is being measured in months, correctly identifying food product momentum in the market is critical.
According to the U.S. Economic Census Bureau, the fastest-growing food segments by the value of shipment over the 2014-2017 period were creamery butter at 17.7% CAGR, retail bakeries at 10.9% CAGR, and nonchocolate confectionery at 10.7% CAGR. Those showing a loss with the lowest growth were fats and oil refining and blending at -11.3% CAGR, flour milling at -10.1%, and dry, condensed, and evaporated dairy products at -7.8%.
According to Food Business News, the organic food market has continued to grow in the last few years, although growth was the slowest it has been in a decade at 5.9% in 2018.
Millennials are a key driver of the organic food market, and increased sales in the dairy segment (milk and eggs) have helped propel the rise of the entire organic food industry.
Food Business News also reports that private label brands held the largest market share in all food categories as store brands continue to attract consumer loyalty.