Top 10 Food Companies in APAC (excl. China) in 2021 by Retail Product Sales
Meiji Holdings Co Ltd, KRBL Ltd, Mondelez International Inc, Itoham Foods Inc., and Nestle SA are the top 5 food companies in APAC (excl. China) in 2021 by retail product sales. Cumulatively, the top 10 food companies in APAC (excl. China) reported retail product sales of $63,558 million, the highest retail product sales generated by Meiji Holdings Co Ltd ($9,216 million), followed by KRBL Ltd ($7,753 million) and Mondelez International Inc ($7,655 million), while the Unilever Plc with $4,775 million, stood the lowest. Japan-based Meiji Holdings Co Ltd is the leading food company in APAC (excl. China) in 2021 by retail product sales (FY2021). It is a manufacturer and distributor of food and pharma products. The company’s product portfolio comprises nutrition, and confectionery products such as milk, yogurt, cheese, ice cream, and beverages. It also offers butter, cheese, cream, margarine, frozen food, chocolates, sports nutrition, gummies, beauty supplements, chewing gum, sugar and corn sweeteners, feedstuffs, and OTC drugs. The company reported revenues of $9,019 million for the fiscal year ended March 2022 (FY2022), a decrease of 19.76% over FY2021. The company classifies its business operations into two reportable segments: Food and Pharmaceutical, and has 122 locations worldwide, serving 28 health-conscious products and 46 nutrition products, and employs 17,336 people. India-based KRBL Ltd is another leading food company in APAC (excl. China) in 2021 by retail product sales (FY2021). The company reported revenues of $570 million for the fiscal year ended March 2022 (FY2022), an increase of 5.55% over FY2021. The company portfolio includes traditional basmati, regional rice, daily economy rice, biryani special rice, and occasion special rice, among others. It offers its products under various brands, including India Gate, Doon, Nur Jahan, Indian Farm, Bemisal, Aarati, Unity, Lotus, Taj Mahal Tilla, Shubh Mangal, Necklace, Lion, Al Wisam, Train, Al Bustan, Telephone, Southern Girl, Alhussam, Blue Bird, and City Palace. KRBL offers seed development, contract farming and procurement, seed development and multiplication, ageing and storage, milling, and research programs. The company operates in India and the UAE.