Top 10 Food Companies in China in 2021 by Retail Product Sales
Inner Mongolia Yili Industrial Group Co Ltd, China Agri-Industries Holdings Ltd, China Mengniu Dairy Co Ltd, Wilmar International Ltd, and Sung Fung Foods Industrial Ltda are the top 5 food companies in China in 2021 by retail product sales. Cumulatively, the top 10 food companies in China reported retail product sales of $123,218 million, the highest retail product sales reported by Inner Mongolia Yili Industrial Group Co Ltd ($21,134 million), followed by China Agri-Industries Holdings Ltd ($17,200 million) and China Mengniu Dairy Co Ltd ($15399 million), while the company Tingyi (Cayman Islands) Holding Corp with $6,566 million stood the lowest. China-based Inner Mongolia Yili Industrial Group Co Ltd is the leading food company in China in 2021 by retail product sales (FY2021). It is a manufacturer and distributor of dairy products. The company offers liquid milk, ice cream, milk powder, yogurt, and meal replacement nutritional bars. Its product portfolio comprises pure milk, maltose milk, chocolate milk, strawberry milk, skimmed milk, classic organic milk, low-lactose nutrition milk, and sour milk. The company reported revenues of $17,147 million for the fiscal year ended December 2021 (FY2021), an increase of 22.12% over FY2020. The company classifies its offerings into three product categories: Liquid Milk, Ice Cream, Milk Powder, Milk Products, and Others, and employs 61,598 people. Hong Kong-based China Agri-Industries Holdings Ltd is another leading food company in China in 2021 by retail product sales (FY2021). The company offers rice, flour, noodles, bread, and malt. The company markets these products under Jinying, Xin, Malt, Fuzhanggui, Guhua, Five Lakes, Golden Terra, and Xiangxue brand names. China Agri factories are primarily located near important ports, raw material-producing areas, and other key markets. Its production bases are located in Shandong, Guangxi, Tianjin, Guangdong, Jiangsu, Xinjiang, etc., and employs 24,000 people.