Top Food and Beverage Companies in the US

What are the Top Food and Beverage Companies in the US?

Ranking as one of the wealthiest nations in the world, the US boasts high purchasing power. With the superior financial ability to buy goods, multicultural population, and varied tastes, the nation houses some of the world’s best food and beverage (F&B) firms

The US F&B sector accounted for 5% of the country’s GDP in 2020. The US market ranked #1 in 2022 and for five-year projected growth in the F&B sector. While many companies contribute to annual revenue, a few F&B giants dominate the market.

While consumer openness to new F&B products means the market is brimming with opportunities, finding the right audience can still pose a challenge.

For this, B2B data can help businesses target prominent names to enter the market. With opportunities to market your products and boost revenue, top food and beverage companies in USA are ideal for businesses looking to expand their reach.

Read on to learn about the leading food and beverage manufacturing companies in USA for sales and marketing strategies.

Five Year Revenue Growth in the Food and Beverage Industry by Country

12 Leading Food and Beverage Companies in the US

Without a doubt, the food manufacturing companies in USA are diverse and produce various consumer food products. These companies specialize in several aspects of food production, such as processing, packaging, and distribution.

They make food for everyone, from kids to grown-ups, aiming for easy and nutritious meals. These companies aim to use sustainable practices and try new trends. The food industry keeps changing to match what people want.

The industry will probably focus even more on sustainable methods, healthy food, and innovative technology.

To help businesses find their target audience, let’s explore the top 12 list of food and beverage companies in USA.

  • Pepsico
  • The Coca-Cola Company
  • Kraft Heinz
  • Tyson Foods
  • Mars, Inc.
  • Kellogg’s
  • The Hershey Company
  • Mondelez International
  • General Mills
  • Campbell Soup Company
  • Cargill
  • Conagra Brands

1. PepsiCo

Pepsico Logo

PepsiCo is one of the top companies in the world when it comes to market cap, valued at just over $236.06 billion in 2024. Invented in the late 1800s, the Pepsi cola recipe was patented in 1903.

Today, the PepsiCo company has 500+ brands and several food and beverage products. It includes many globally popular names, such as Lay’s, Tropicana, Mountain Dew, Quaker Oats, Doritos, Cheetos, etc. Statistics show that 23 of the company’s brands generate over $1 billion in retail sales annually.

2. The Coca-Cola Company

Coca Cola Logo

One of PepsiCo’s top competitors is the Coca-Cola Company. Founded in 1892, the Coca-Cola Company is a US multinational in Atlanta. It is the world’s largest non-alcoholic beverage manufacturer and distributor company. The company’s current market cap stands at $263.64 billion.

The Coca-Cola Company has over 500 brands and offers 3,500 beverages in 200+ countries. As one of the top food and beverage companies in USA, it produces, markets, and sells non-alcoholic beverages such as juices, enhanced waters, energy and sports drinks, and ready-to-drink coffees and teas.

3. Kraft Heinz

Kraft Heinz Logo

Kraft Heinz is among the top manufacturers and marketers of products in the F&B segment. The company owns many well-known brands, including Heinz, Kraft, and Oscar Mayer. Well-known for being a tomato ketchup brand, the company’s product portfolio includes dairy products, meat, beverages, etc.

Founded in 1903, Kraft Heinz has its headquarters in Northfield, Illinois. As of 2024, Kraft Heinz has a market cap of $46.31 billion. It is the 3rd largest in North America’s and 5th largest F&B company globally. The company boasts of eight $1 billion+ brands under its name.

4. Tyson Foods

Tyson Logo

Next on the list of food and beverage companies in USA is Tyson Foods, with a market cap of $20.11 billion. The company has four food segments – Beef, Pork, Chicken, and Prepared Foods. In fact, it is the second-largest processor of chicken, beef, and pork in the US.

It markets the products under Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and many other brands. Headquartered in Springdale, Arkansas, the company has been active since 1935.

5. Mars, Inc.

Mars Logo

Mars, Inc. is a global corporation and manufacturer of products in many categories, including food, confectionery, pet care, and nutritional solutions. Headquartered in McLean, Virginia, it is one of the largest privately held food and beverage companies in USA.

Founded in 1911, the company employs 140,0000 people in over 80 countries. Its annual sales stood at over $47 billion in 2023. Some notable brands under its name are M&M’s, Milky Way, Orbit, Pedigree, Skittles, Snickers, Starburst, Twix, etc.

6. Kellogg’s

Kelloggs Logo

Another big name on the list is Kellogg’s, with a market cap of $19.05 billion. It is a public company headquartered in Michigan with a notable market share in at least six industries.  It produces cereal, cookies, crackers, pasta, potato chips, wafers, and meat alternatives.

They have the largest market share in the cereal industry, with an estimated 27.4% of total industry revenue. Corn Flakes, Corn Pops, Crunchy Nut, Eggo, Fiber Plus, Froot Loops, Frosted Flakes, Kellogg’s, etc., are some popular brands.

7. The Hershey Company

Hershey Logo

Established in 1894, The Hershey Company is a well-known chocolate and confectionery brand. The company produces dark chocolates, milk chocolates, candies, jellybeans, chocolate syrups, protein bars, beverages, etc.

The company has its headquarters in Hershey, Pennsylvania, and a market cap of $40.57 billion as of 2024. It has some of the most iconic brands under its name, such as Hershey’s Milk Chocolate bars, Reese’s Peanut Butter Cups, Kit Kat, Twizzlers, and Kisses.

8. Mondelez International

Mondelez International Logo

Who is not familiar with brands like Cadbury, Tang, and Oreo? However, most people are unaware of their parent company. Founded in 2012, Mondelez is a global food and snack company headquartered in Chicago, Illinois. It has a market cap of $104.16 billion as of 2024.

The company operates in over 150 countries, offering popular snacks and confectionery items, including biscuits, chocolate, gum, candy, etc.

9. General Mills

General Mills Logo

The next on the top food and beverage companies in USA list is General Mills. It is one of the largest manufacturers and marketers of branded consumer foods. The company offers nutrition bars, frozen snacks, ready-to-eat cereals, baking mixes and ingredients, yogurt, and premium ice cream.

The company markets its products under brands like Blue Buffalo, Food Should Taste Good, Fruit Roll-Ups, Blue Basics, Cheerios, Chex, Cocoa Puffs, Cookie Crisp, etc. It has a market cap of $36.81 billion as of 2024. Founded in 1866, the company has its headquarters in Golden Valley, Minnesota.

10. Campbell Soup Company

Campbells Soup Company Logo

Campbell Soup Company is a popular American food processing and snack company headquartered in Camden, New Jersey. Founded in 1869, it is one of the leading producers of canned soups and other food products.

The company offers iconic condensed soups, such as Campbell’s Tomato Soup and Chicken Noodle Soup. It also produces canned broths, sauces, pasta, and snacks under brand names, including Pepperidge Farm, Spaghetti O’s, Kettle, Goldfish, and V8.

The current market cap of Campbell Soup Company is $13.47 billion.

11. Cargill

Cargill Logo

Cargill is one of the top global food corporations based in Minnesota. Founded in 1865, the company manufactures, trades, purchases, and distributes agricultural items such as grains, palm oil, processed and packaged foods, and bio-industrial products.

The company has facilities in 70 countries worldwide and employs over 155,000 people. It grossed a revenue of $165 billion in 2022 and employs over 160,000 people.

12. Conagra Brands

Conagra Brands Logo

The last name on the food and beverage manufacturing companies in USA list is Conagra Brands. It is a consumer-packaged goods company headquartered in Chicago, Illinois. Conagra manufactures and sells these F&B products under different brand names.

These brands are Hunt’s, Chef Boyardee, Slim Jim, Marie Callender’s, Crunch ‘n Munch, Healthy Choice, etc. The current market cap of Conagra Brands stands at $14.17 billion

Final Thoughts

Several multinational F&B companies manufacture a wide variety of foods in the US. All these top food and beverage companies in USA account for a major portion of the country’s gross domestic product. These are the driving forces behind the growing market offering new and innovative products.

B2B businesses targeting the F&B sector can create data-driven marketing strategies using the above list. Research the market well to get the most out of the marketing campaigns and achieve higher revenue.

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