Top 100 for 2015

Big Food’s Woes Accelerated in 2015

By Kevin T. Higgins

Mar 23, 2016

Sales erosion continues to beset some of the largest corporations in food and beverage manufacturing, with a dozen publicly traded companies experiencing an aggregate loss of more than $12.6 billion in 2015 revenues, compared to 2014.

Overall, 33 of the organizations appearing on Food Processing’s list of the Top 100 food and beverage companies of 2015 recorded a dip of $1.7 billion in sales compared to 2014, though more companies registered increased sales than declines. On average, the 33 corporations registered a 5.47% sales increase.

The 12 corporations recording 2015 sales declines include three that were in 2015’s Top 10: ConAgra Foods, General Mills and Pepsico, the industry’s largest firm. General Mills also was one of seven companies suffering lost revenue in 2014, though 2015’s decline was significantly larger: $279.3 million, compared to $22 million in 2014.

Five of 2015’s companies with lower sales also were among the seven major corporations with declines in 2014. In aggregate, the five registered almost $7 billion in reduced sales volume last year, compared to $525 million the previous year. Mondelez experienced the steepest decline—$4.6 billion—followed by Kellogg Co. ($1.1 billion). Kellogg registered 2014’s biggest slide, a comparatively modest $217 million decline.

Sales volume for the 33 publicly traded companies was $336.4 billion in 2015.