14 World's Biggest Livestock Companies in 2023
14 World's Biggest Livestock Companies in 2023-There are the 14 World's biggest livestock companies in the year 2023 based on the published annual reports of respective companies in 2023. Certainly, they are the giant players and market leaders in the Livestock Industry in this era. Based on Economical achievement, Of course, the sales turnover and the earned profits have reached billion dollar. They lead from their competitors currently.
Rank of The Biggest Livestock Companies Based on Revenue in 2023
All data of revenue and net income was obtained from the Income statement of Annual Report in 2023. Basically, in this income statement, the business performance of the company can be seen especially in gaining in net profit or loss in spesific time. The Cargill and CP Group can’t be shown net income due to their status as private company.
Rank of The Biggest Livestock Companies Based on Assets in 2023
The rank above was obtained from Balance sheet of Annual Report in 2023. Basically, Balance sheet gan give the guidance about the financial structure / conditions of the company in specific time. Assets, Liabilities, and Equities are the components of balance sheet in financial statement. Cargill and CPGroup can’t be shown of the assets, liabilities, and equities due to their status as private company.
Globally some of their products Spread over the world massively. Some people, especially cattleman, may be familiar with the products that company produce. Here are ranks of the 12 biggest companies in the field of livestock based on the performance of the respective company’s annual report in 2023.
Brief Descriptions of Top Biggest Livestock Companies
1. Cargill
Cargill is the largest multinational livestock company in the world Coming from the United States of America (USA). This company was founded in 1865 by William Wallace Cargill. Hitherto the company is still headquartered in Wilmington, Delaware State, and Minnetonka, State of Minnesota. In de jure aspects this company is still fully owned by the Cargill Family with a share ownership percentage up to 88%.
This company combines long experience, technology, and new insights in its efforts to build its business until has developed into a giant one. Overall, the business chain has spred over 125 countries with 155 thousand employees and had 155 years of experience. In 2023, this company generated revenue of $16 billion US Dollars. This performance has made Cargill the largest company in the world in the livestock industry based on the generated revenue.
2. Charoen Phokphand Group
Charoen Pokphand is a multinational livestock company based in Thailand. The company was founded in 1921 by Chia Exchor and Chia Seow Nooy, immigrants from Shantou, China who later became Thailand citizens. Initially, this company did buy and selling plant seeds and trading of livestock. As the company’s business grows, Charoen Pokphand continues to expand its business in the fields of animal feed production, upstream and downstream livestock trading. Until 2020, this company is considered as one of the big players in the feed of poultry, pigs, ruminants, and several other livestock. From year to year, this company has also opened branch offices in various countries in the world such as Mexico, Taiwan, Portugal, China, Indonesia, Turkey, and the United States with total employees currently reaching ± 360,000 people. In 2023, accumulatively, the company’s global revenue reached THB 2,902 billion / $ 87 billion.
3. Tyson Food Inc
Tyson Food is United States of America (USA)-based multinational company headquartered in Springdale; Arkansas founded by John W. Tyson in 1935. This company processes and markets chicken, beef, and pork in the United States and annually exports large quantities of beef outside the United States of America (USA). In the USA, this company has several processed meat products, namely the Tyson®, Jimmy Dean®, Hillshire Farm®, BallPark®, and State Fair® brands.
Along with the business development of the company, the total number of employees of this company has reached 141,000 worldwide. This company also supplies the chicken that they produce to well-known companies, namely Yum! A brand that has leading restaurant chains such as KFC, Taco Bell, McDonald’s, Burger King, Wendy’s, Wal-Mart, Kroger, IGA, and Beef O’Brady’s. Financially, in 2021, Tyson Foods has assets around $36.3 billion with liabilities around $18.5 billion. Based on the business performance in 2023, the revenue of the company reached $ 52.8 billion but suffered net loss of $ 0.6 billion.
4.New Hope Grup
New Hope Group is a multinational livestock company coming from China founded in 1982 by Yonghao Liu, a leading private entrepreneur from China. The development of this company is getting faster along with the reform and openness of China during Deng Xiaoping’s prime minister. Over the past three decades, New Hope Group has remained among China’s top companies for 17 consecutive years. Until now, this company is still headquartered in Chengdu, China.
New Hope Group began expanding outside of China and established its first overseas factory in Vietnam in 1999. During its quest for global expansion in the past two decades, New Hope Group has established ongoing partnerships with well-known international companies and institutions such as Mitsui & Co, Cargill, and IFC.
As the company’s business grows, New Hope Group now has more than 600 subsidiary companies in 30 countries, employing more than 100,000 people. Until 2023, the company’s assets continued to grow and reached more than 129 billion yuan/ USD 18 billion while annual revenue reached more than RMB 141 billion / $ 19.7 billion. By leveraging its resources and expertise, New Hope Group continues to expand its business units, not only feed production but also agricultural technology, food processing, construction, real estate, and tourism.
5. CHS Inc
CHS is a diversified global agribusiness cooperative owned by farmers and local cooperatives across the United States. Historically, CHS’s journey started in 1931 after the founding of the Farmers Union Central Exchange in Saint Paul, Minnesota. Along with business development, this cooperative has diversified business in Agronomy (Agronomy solutions, Crop inputs), Energy (Refined fuels, Propane, Lubricants, Renewable fuels, and Energy equipment), Global Grain & Processing, Services (CHS Capital, CHS cooperative resources, CHS Hedging, CHS payment solutions, and CHS transportation and logistics).
Financially in 2023, this company has assets around $ 18.9 Billion with liabilities around $ 8.5 billion. Based on the business performance in 2021, the CHS generated revenue around $ 45.5 billion with net income around $ 1.9 billion.
6. BRF. SA
BRF is Brazilian Livestock company that has main office in Itajaí, Santa Catarina, Brazil. Historically, this company was formed as the result of the merger between Sadia and Perdigão. Nowadays, this company has many food brand products, namely Sadia, Perdigão, Qualy, Perdix, Confidence and Hilal. Financially, in 2023, BRF has assets around R$ 57.2 billion / $ 10.2 billion with liabilities around R$ 41.5 billion / $ 7.4 billion. Based on the business performance in 2023, BRF generated revenue around R$ 53.6 billion / $ 9.6 billion but suffered net loss around R$ -1.86 billion / $ -334 million.
7. Fonterra
Fonterra is multinational dairy co-operative with some popular dairy products. Operationally, Fonterra do the business in collection, manufacture and sale of milk and its derivatives. Historically, Fonterra is incorporated in 2001 and has main office in Auckland, New Zealand. Operationally, they have employed approximately 19 thousand people. Based on its dairy products, Fonterra has some popular milk products and its derivatives, namely Anchor, Boneeto, Anlene, Perfect Italiano Cheese), Fernleaf, Yalci Yum, and others.
Financially, in 2023, Fonterra has assets around $ 18.7 billion with liabilities around $ 10.6 billion. Based on the business performance, Fonterra generated revenue around $ 24.5 billion and net income around $ 2.2 billion.
8. Friesland Campina
Royal Friesland Campina N.V. is a Dutch multinational dairy cooperative that has main office in Amersfoort, Netherlands. Historically, this cooperative was formed because of the merger between Campina and Friesland Foods in 2008. Basically, this cooperative has some popular brands across the countries. some of popular brands are Nounou (Greece), Frisian Flag (Indonesia), Dutch Lady brand (Brunei, Hong Kong, Malaysia, Philippines, Singapore and Vietnam), Foremost (Thailand), PEAK MILK (Nigeria), and Yazoo milkshakes. In 2023, around 9,745 of farmers supply the raw milk to Friesland Campina.
Financially, in 2023, the Friesland Campina has assets around € 9 billion / $ 10.1 billion with liabilities around € 5.4 billion / $ 5.99 billion. Based on the business performance in 2023, the Friesland Campina generated revenue around € 13 billion / $ 14.3 billion but suffered net loss around € -149 million / $ 163 million.
9. Land O’ Lakes
Land O ‘Lakes is a livestock company owned by a livestock cooperative. This cooperative is headquartered in the Arden Hills, Minnesota, United States, whose members come from breeders in the United States. Land O ‘Lakes has 1,959 members who all of them are dairy cattle producers/breeders and this cooperative also employs around 10,000 employees who are tasked with processing and distributing its products to around 300,000 cooperative partners. Apart from that, in terms of business, this cooperative also has animal feed products which are well-known products in the United States namely the brands Purina Animal Nutrition, Mazuri, and O’Lakes Feed.
Based on financial conditions in 2023, the Land O lakes have assets around $ 9.4 billion with liabilities around $ 6.3 billion. In terms of the business performance in 2023, the company’s revenue reached $16 billion with net income around $ 257 million
10. ForFarmers
ForFarmers is animal feed company that has main office in Kwinweerd 12, Lochem. Along woth business development ForFarmers has 35 production factories that can supply More than 26,000 farmers around Europe regions. As of 2022, ForFarmers has employed Approximately 2,500 people in 2022. Financially, in 2023, according to its annual Report, ForFarmers has assets around € 0.84 billion / $ 1 billion with liabilities around € 0.52 billion / $ 0.62 billion. Based on the business performance in 2021, the ForFarmers has generated revenue around € 2.9 billion / $ 3.2 billion and gained net income around € 1.9 million / $ 2.1 million.
11. Muyuanfoods
Muyuan Foodstuff is Chinese food companies that concentrated in Pork Production. Historically, this company was founded by Qin Yinglin and Qian Ying in 1992. Along with business development, Muyuan Foodstuff can slaughter approximately five million pigs per year. Financially, in 2023, the Muyuanfoods has assets around RMB 195 billion / $ 27.3 billion with liabilities around RMB 32.6 billion / $ 0.15 Billion. Based on the business performance in 2023, the Muyuanfoods generated revenue 110 billion Yuan / $ 15 billion but suffered net loss around RMB 6.3 billion / $ 882 million.
12. Wens Foodstuff Group
Wens Foodstuff Group is Chinese food company specializes in Pork production. Historically, this company was founded in 1983. In 2019, the Wens Foodstuff is one of the largest pork producers in China reaping 22.3 million of hogs. Financiall, in 2023, according to The Wens Foodstuff has total assets of RMB 92.8 billion / $ 12.9 billion with liabilities of RMB 57.3 billion / $ 8 billion. Based on business performance in 2023, Wen Foodstuff susccessfully gained revenue of RMB 89.7 billion / $ 12.5 billion but suffered net loss of (RMB -6.3 billion) / ($ -0.882 billion).
13. JAPFA Group
Headquartered in Singapore, Japfa has total employees of more than 37,000 people across nations in Indonesia, Vietnam, India, Myanmar and Bangladesh. Basically, the JAPFA's business is vertically integrated from animal feed production and breeding to commercial farming and food processing. Financially, Japfa has total assets of $ 3 billion with liabilities of $ 1.89 billion. Furthermore, the revenue of Japfa reached $ 4.4 billion but suffered net loss of $ -5.9 million.
14. China Animal Husbandry Industry
China Animal Husbandry Industry Co., Ltd. (CAHIC) is China's largest manufacturer and service provider of specialized animal health products and animal nutrition products. Historically, this company was founded on December 25th, 1998. Operationally, China Animal Husbandry Industry has main office in Fengtai District, Beijing, China. Based on the business performance in 2023, China Animal Husbandry Industry gained revenue of RMB 5.4 billion / $ 0.756 billionan with net income of RMB 403 million / $ 56.4 million.
The Summary of World’s Biggest Livestock Companies in 2023
Bibliography World’s Biggest Livestock Companies in 2023
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