The Current State of the CPG Industry
As economies prosper all over the world, the top 10 largest CPG companies in the world are contributing to consistent growth and driving critical innovation at a time where consumers demand convenient and affordable everyday consumer packaged goods. The attention is also shifting towards sustainable products, as younger demographics are more conscious of the environment and seeking a better future for the planet. This is BziVibe’s list of the top 10 largest CPG companies by revenue & market cap in 2020. These are the leading companies in the face of an evolving market.
What is the CPG industry? Consumer packaged goods, or fast-moving consumer goods (FMCG), are products that are sold quickly at a relatively low cost. This can include packaged foods, beverages, toiletries, over-the-counter drugs, and other consumables. Just how big is the CPG industry? The CPG industry is worth approximately $2 trillion. This factsheet will answer the following questions about the CPG industry.
- Who are the largest CPG companies by revenue in 2020?
- Who are the largest CPG companies by market cap in 2020?
- CPG industry trends and stats you should know.
- What’s the future of the CPG industry?
BizVibe is already helping the top CPG companies in the world connect. Connect and track the latest news and insights from these companies.
CPG Industry Trends and Stats
- Since the outbreak of COVID-19, delivery apps have surged in the marketplace.
- Over the past year, online channels contributed to nearly 70% of overall CPG growth.
- 73% of consumers are willing to change their purchasing habits to improve the environment.
- The self-care industry has reached a whopping USD 9.9 billion in 2020, and 62% of consumers want to spend more than they currently do on their non-essential health care needs.
- CBD sales are forecasted to reach USD 20 billion by 2024.
- Sales of plant-based food grew by double digits.
- Top 5 CPG subscription box services: Dollar Shave Club (29%), Ipsy (21%), Blue Apron (17%), BarkBox (17%), HelloFresh (16%).
Top 10 Largest CPG Companies by Revenue in the World 2020
Who are the top 10 largest CPG companies by revenue in the world as of 2020? The following is a list of top CPG companies ranked by their revenue figures in USD billion.
|1||Nestlé||USD 91.43 billion||Switzerland|
|2||Procter & Gamble||USD 67.68 billion||USA|
|3||PepsiCo||USD 67.16 billion||USA|
|4||Unilever||USD 56.52 billion||British-Dutch|
|5||AB InBev||USD 52.33 billion||Belgium|
|6||L’Oréal||USD 32.48 billion||France|
|7||The Coca-Cola Company||USD 31.85 billion||USA|
|8||Mondelez International||USD 25.9 billion||USA|
|9||Kraft Heinz||USD 24.97 billion||USA|
|10||Heineken||USD 23.79 billion||Netherlands|
Nestlé is the largest CPG company in the world by revenue and also a market cap. Last year Nestlé brought in annual revenues of USD 91.43 billion — making it the leader among the top CPG companies in the world by revenue. Nestlé also has a market cap of USD 267.52 billion, making the company the largest CPG company in the world by market cap. Nestlé is a Swiss multinational food and drinks processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. As the largest food company in the world, Nestlé’s products include baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks.
Nestlé has 29 brands under the company that generates over USD 1 billion annually making it one of the largest CPG companies in the world by revenue per brand as well.
- Founded: 1866
- Nestlé Headquarters: Vevey, Vaud, Switzerland
- Nestlé Revenue: USD 91.43 billion
- Nestlé Number of Employees: 352,000
- Nestlé Market Cap: USD 267.52 billion
Nestlé Products and Brands
- Baby food
- Dairy products
- Breakfast cereals
- Bottled water
- Ice cream
- Pet foods
Procter & Gamble is 2nd on BizVibe’s list of the top CPG companies by revenue as of 2020. P&G is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio that was founded in 1837. As of 2020, Procter & Gamble is the 2nd largest CPG company in the world by revenue — generating USD 67.68 billion in revenues in 2019. P&G is also the 2nd largest CPG company by market cap with a current market cap of USD 228.8 billion.
Procter & Gamble specializes in personal health & consumer health, and personal care and hygiene products; but the company is especially known for manufacturing laundry and cleaning supply products. P&G’s marketing is among the most consistent in the world with the company spending USD 7.24 billion in 2016 — making the company one of the biggest spenders in the world as well.
- Founded: 1837
- Procter & Gamble Headquarters: Cincinnati, Ohio, United States
- Procter & Gamble Revenue: USD 67.68 billion
- Procter & Gamble Number of Employees: 97,000
- Procter & Gamble Market Cap: USD 228.8 billion
Procter & Gamble Products and Brands
- Cleaning agents
- Personal care products
- Beauty Care Products
- Personal Healthcare Products
PepsiCo ranks 3rd on this list of the top 10 largest CPG companies in the world in 2020 by revenue, bringing in USD 67.16 billion in 2019. PepsiCo is American multinational food, snack, and beverage corporation headquartered in Harrison, New York. Although a large CPG company known for making a wide variety of products including grain-based snack foods, beverages, the company is mainly known for its flagship product: Pepsi the soft drink popular worldwide.
Pepsi is one of the most recognized products in the world, but that’s not all the company offers. 22 of PepsiCo’s brands generated retail sales of more than USD 1 billion, with products such as Mountain Dew, Lay’s, Gatorade, Tropicana, 7 Up, and Doritos. This is of course in addition to its ever-popular Pepsi soft drink. In 2019, PepsiCo also reached a market cap of USD 166.93 billion — making it also one of the largest CPG companies in the world by market cap.
- Founded: 1898
- PepsiCo Headquarters: Harrison, New York, USA
- PepsiCo Revenue: USD 67.16 billion
- PepsiCo Number of Employees: 263,000
- PepsiCo Market Cap: USD 166.93 billion
PepsiCo Products and Brands
- Diet Pepsi
- Mountain Dew
- 7 Up
- Quaker Foods
- Starbucks (ready to Drink Beverages)
- Pepsi Max
- Sierra Mist
Unilever ranks 4th on this list of the top 10 largest CPG companies by revenue. A joint British-Dutch transnational consumer goods company co-headquartered in London, England, and Rotterdam, Netherlands, Unilever products are available in over 190 countries in the world. Currently owning over 400 brands, Unilever is one of the top CPG companies in the world by sheer size. In 2019, Unilever brought in revenues of USD 56.52 billion, ranking 4th on this list. Unilever also has a market cap of USD 153.30 billion. Unilever is known for products such as general foods, energy drinks, ice cream, and beverages — which account for 40 percent of its revenue. The company is also known for products such as cleaning agents, beauty products, and personal care products.
- Founded: 1929
- Unilever Headquarters: UK & Netherlands
- Unilever Revenue: USD 56.52 billion
- Unilever Number of Employees: 155,000
- Unilever Market Cap: USD 153.30 billion
- Beauty & personal care
- Food & refreshments
- Cleaning products
Unilever Brands Worth over USD Billion
- Hellmann’s and Best Foods
- Omo/Surf Excel/Breeze/Skip
5. AB InBev
Ranking 4th on this list of the top CPG companies is AB InBev — full name Anheuser-Busch InBev SA/NV — a multinational drink and brewing company based in Leuven, Belgium. AB Inbev is the largest brewery in the world and is currently a publicly listed company, with its primary listing on the Euronext Brussels. The company is known for beer spirits and soft drinks such as Budweiser, Corona, Busch, Mill Street Brewery, and many more.
AB InBev brands brought in revenues of USD 52.33 billion last year and the company has a current market cap of USD 226.04 billion — making the Belgian company one of the largest consumer packaged goods companies in the world by both figures.
- Founded: 2008
- AB InBev Headquarters: Leuven, Belgium
- AB InBev Revenue: USD 52.33 billion
- AB InBev Number of Employees: 170,000
- AB InBev Market Cap: USD 226.04 billion
AB InBev Products and Brands
- Alcoholic beverages
- Beer and spirits
- Soft drinks
L’Oréal is 6th on this list of the largest CPG companies in the world with 2019 revenues exceeding USD 32.48 billion, passing up even The Coca-Cola Company. L’Oréal is a French personal care company headquartered in Clichy, Hauts-de-Seine. L’Oréal is the world’s largest cosmetics company and has posted 19th consecutive years of double-digit growth. The company is known for its makeup. Skincare, hair color, and personal care products.
- Founded: 1909
- L’Oréal Headquarters: Clichy, France
- L’Oréal Revenue: USD 32.48 billion
- L’Oréal Number of Employees: 86,000
- L’Oréal Market Cap: USD 125.78 billion
L’Oréal Products and Brands
- Hair color
- Personal care products
The Coca-Cola Company is one of the most recognized brands in the world; up there with the likes of Nike and Apple arguably. Like PepsiCo, the company is known for its flagship iconic product the coca-cola beverage. The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups. In 2019, the company brought in annual revenues of USD 31.85 billion — making it one of the top CPG firms in the world by revenue.
- Founded: 1892
- The Coca-Cola Company Headquarters: Atlanta, Georgia, USA
- The Coca-Cola Company Revenue: USD 31.85 billion
- The Coca-Cola Company Number of Employees: 62,600
- The Coca-Cola Company Market Cap: USD 196.63 billion
The Coca-Cola Company Products and Brands
- Coca-Cola – Namesake Coca-Cola product
- Diet Coke/Coke Light
- Sprite – lemon-lime-flavored soft drink
Mondelez International is 8th on this list of the largest CPG companies in the world by revenue in 2020. Mondelēz is an American multinational confectionery, food, holding, and beverage company based in Chicago, Illinois which employs approximately 83,000 individuals around the world. In 2019, the company brought in annual revenues of USD 25.9 billion with a current market cap of USD 63.47 billion.
- Founded: 2012
- Mondelēz Headquarters: Chicago, IL, USA
- Mondelēz Revenue: USD 25.9 billion
- Mondelēz Number of Employees: 83,000
- Mondelēz Cap: USD 63.47 billion
- Baby food
- Dairy products
- Breakfast cereals
- Bottled water
- Ice cream
- Pet foods
9. Kraft Heinz
The Kraft Heinz Company is an American food company formed by the merger of Kraft Foods and Heinz and is co-headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania. Kraft Heinz is the 5th largest food company in the world and is known for running several successful brands with most of them bringing in annual revenues of over USD 1 billion. In 2019 Kraft Heinz brought in annual revenues of USD 24.97 billion, with a current market cap of USD 94.12 billion
- Founded: 2015
- Kraft Heinz Headquarters: Chicago, Illinois and Pittsburgh, Pennsylvania, USA
- Kraft Heinz Revenue: USD 24.97 billion
- Kraft Heinz Number of Employees: 38,000
- Kraft Heinz Cap: USD 94.12 billion
Kraft Heinz Products
- Convenience foods
- Dairy foods
- Snack foods
Kraft Heinz Brands
- Boca Burger
- Gevalia coffee
- Grey Poupon
- O, That’s Good!
- Oscar Mayer
- Philadelphia Cream Cheese
- Primal Kitchen
10. Heineken N.V.
Rounding out BizVibe’s list of the top 10 largest CPG companies in the world is Heineken N.V., a Dutch brewing company that was founded 156 years ago in Amsterdam. The company is known for its name-sake iconic Heineken brand of beers in addition to 150 international, regional, local, and specialty beers and ciders and employs approximately 73,000 people. Heineken brought in annual revenues of USD 23.79 billion in 2019, with a current market cap of USD 60.86 billion.
- Founded: 1864
- Heineken Headquarters: Amsterdam, Netherlands
- Heineken Revenue: USD 23.79 billion
- Heineken Number of Employees: 76,136
- Heineken Cap: USD 60.86 billion
This is BizVibe’s list of the top largest CPG companies by revenue in 2020. These companies are changing the way businesses are pushing the boundaries in the global consumer packaged goods industry and are leveraging a changing landscape to try and disrupt the industry for even more convenient products.
Top 20 Largest CPG Companies by Market Cap
The following is BizVibe’s ranking of the top 20 largest CPG companies by market cap in 2020. The figures are in USD billion.
Market Cap (USD billions)
|1||Nestlé||USD 267.52 billion|
|2||Procter & Gamble||USD 228.8 billion|
|3||AB InBev||USD 226.04 billion|
|4||The Coca-Cola Company||USD 196.63 billion|
|5||PepsiCo||USD 166.93 billion|
|6||Kweichow Moutai||USD 153.67 billion|
|7||Unilever||USD 153.30 billion|
|8||L’Oréal||USD 125.78 billion|
|9||Kraft Heinz||USD 94.12 billion|
|10||Diageo||USD 90.14 billion|
|11||Colgate-Palmolive Company||USD 65.52 billion|
|12||Mondelez International||USD 63.47 billion|
|13||Heineken||USD 60.86 billion|
|14||Wuliangye Yibin||USD 54.29 billion|
|15||Danone||USD 53.13 billion|
|16||Estee Lauder Companies||USD 47.33 billion|
|17||Constellation Brands||USD 42.35 billion|
|18||Pernod Ricard||USD 42.05 billion|
|19||Kimberly-Clark||USD 39.74 billion|
|20||Monster Beverage||USD 35.96 billion|
Source: Global Data
The Future of the Global CPG Industry
What’s the future of the global CPG industry? Consumer patterns are changing to a more environmentally-conscious focus, driven by millennials and younger buyers of packaged goods. Expect companies to shift their focus toward more sustainable produces and practices. Leading the way for this change will be the top CPG companies that have the avenue and to make drastic changes to their products and consumer offerings. Exciting times are ahead and let’s see which companies rank number 1 in next year’s list of the top 10 largest CPG companies in the world.