Using yearly revenue as the primary performative index, the dairy giant has retained its top position from last year’s results, followed by juice and dairy manufacturer, Lion Nathan, and beverage company, Coca-Cola Amatil, consecutively.
Making its debut on the list at number 87 was food supplier, Green’s Food, who experienced a surge in revenue of 72.6 per cent the past year after a series of acquisitions including Goodman Fielder’s and Waterwheel’s biscuits businesses in 2013.
Also making its inaugural mark into the list was A2 Milk, who posted a revenue growth of 40.2 per cent over the past year on the back of substantial sales growths in their Platinum Infant Formula across Australia and New Zealand.
All together, the top 100 companies on the list generate in excess of $100 billion in revenue (up from over $96 billion in 2014-15), and employ more than 130,000 Australians.
The findings have also identified a number of key industry trends underpinning company movements within the last year, including free trade agreements driving strong growth in the food processing industry; milk production benefitting from expansion into Asian markets; and shifting consumer tastes impacting the beer manufacturing sector as preference shifts towards craft varieties.
- Fonterra: remained number one on the list of top food and beverage companies by revenue generated.
- Lion Nathan: remained number two on the list.
- Coca-Cola Amatil: remained number three on the list.
- Parmalat: jumped from number 27 last year to reach number 19 this year.
- Green’s Foods: made it onto the top 100 list for the first time at number 87.
- A2 Milk: made it onto the top 100 list for the first time at number 100.
- Goodman Fielder: slipped 3 places to settle at number 11.
- Mars: slipped 3 places to settle at number 22.
- Bindaree Beef: moved from number 51 last year to reach 35 this year.
The full list of companies will be revealed on 7 December at foodanddrinkbusiness.com.au