2024 Capital Spending Outlook: Budgets of the Top Food & Beverage Companies

April 30, 2024
Food Processing's annual Capital Spending Report looks at the top food and beverage companies and their capital expenditures.

Each year, Food Processing evaluates the largest publicly-traded food and beverage companies and reports on their capital spending. In 2024, we identified more than $21 billion in capital spending budgeted for this year -- below are their budgets. All the columns are adjustable.
This is part of our three-part 2024 Capital Spending Outlook. For the main story click here. For the list of the 53 largest projects, click here.

Learn more: Visit our list of the Top 100 Food & Beverage Companies in the U.S. and Canada

E = Estimated based on forecasts

M = Midpoint of stated range

1 = Figures are for Grupo Bimbo, parent co. of Bimbo Bakeries USA, which ranks No. 16 in our Top 100

2 = Figures are for Kellogg Co., which was spun off into Kellanova and WK Kellogg Co in late 2023; and which ranked No. 20 in our Top 100

Sponsored Recommendations

Refrigerated transport services you can count on

Ensure product quality from origin to final destination with refrigerated shipping solutions from Schneider.

4 shipping challenges that a dedicated carrier can solve

Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.

Dedicated lightweight solution maximizes bottled water payload

A leading bottled water company needed a carrier to transport water from 29 plants to retailers. The challenge? Handling over 46,000 pounds. Read the study.

Recipe for successful growth: Schneider’s dedicated fleet services helps bakery rise

Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.