12 World’s Biggest Consumer Goods Companies in 2023
12 World’s Biggest Consumer Goods Companies in 2023- According to Annual Report in 2023, there are some biggest companies in World’s Consumer Goods industries. Basically, these companies had a billion of assets and revenue in 2023. That are the huge ones. Of course, as humans, some of us maybe know these companies and probably have consumed or depended on their products or services. Day by day, we probably still need their products in helping our life.
Of all some consumer good companies in the world, just a few of them have a wide market across the nation with billion of US Dollars of revenue annually. Here are the 11 Biggest Consumer Good Companies. These data of the company were obtained from the annual report for 2023.
The Rank of Biggest Consumer Goods Companies based on Assets in 2023
| Rank | Name of Company | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | AB Inbev | $ 219 billion | $ 219 billion | $ 126 billion | $ 126 billion |
| 2 | Nestle | CHF 126 billion | $ 149 billion | CHF 90.1 billion | $ 106 billion |
| 3 | P&G | $ 122.3 billion | $ 122.3 billion | $ 71.8 billion | $ 71.8 billion |
| 4 | PepsiCo | $ 100.4 billion | $ 100.4 billion | $ 81.8 billion | $ 81.8 billion |
| 5 | Coca-cola | $ 97.3 billion | $ 97.3 billion | $ 70.3 billion | $ 70.3 billion |
| 6 | Kraft Heinz | $ 90.3 billion | $ 90.3 billion | $ 40.6 billion | $ 40.6 billion |
| 7 | Unilever | € 75 billion | $ 83.2 billion | € 54.5 billion | $ 60.5 billion |
| 8 | Mondelez | $ 71.3 billion | $ 71.3 billion | $ 43 billion | $ 43 billion |
| 9 | Heineken | € 55.1 billion | $ 61.1 billion | € 32.3 billion | $ 35.8 billion |
| 10 | L'Oreal | € 51.8 billion | $ 57.4 billion | € 22.6 billion | $ 25 billion |
| 11 | Archer Daniels Midland | € 54.6 billion | $ 54.6 billion | $ 30.1 billion | $ 30.1 billion |
| 12 Danone € 44.4 billion $ 49.2 billion € 28.2 billion $ 31.3 billion Source : Annual Report, 2023 | |||||
| Currency Rate : | |||||
| 1 Swiss Franc (CHF) = 1.18 US Dollar ($) | |||||
| 1 Euro (€) = 1.11 US Dollar ($) | |||||
| Origin currency : Currency officially used in annual report | |||||
| US Dollar : Amount of origin currency after converted into US. Dollar | |||||
These data of assets and liabilities of the company comes from the Balance Sheet of Annual report of the company. Basically, the balance sheet is a report that must be published in a financial statement by a company or business entity to describe the assets, liabilities, and equity at the end of the company’s accounting period. In general, these conditions of companies’ balance sheets can sign the strength of the financial condition of each company.
The Rank of Biggest Consumer Goods Companies by Net Income 2023
| Rank | Name of Company | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | P&G | $ 84.1 billion | $ 84.1 billion | $ 14.9 billion | $ 14.9 billion |
| 2 | Nestle | CHF 92.9 billion | $ 109 billion | CHF 11.5 billion | $ 13.5 billion |
| 3 | Coca-Cola | $ 45.7 billion | $ 45.7 billion | $ 10.7 billion | $ 10.7 billion |
| 4 | Pepsico | $ 91.4 billion | $ 91.4 billion | $ 9.1 billion | $ 9.1 billion |
| 5 | Unilever | € 59.6 billion | $ 66.1 billion | € 7.1 billion | $ 7.8 billion |
| 6 | L'Oreal | $ 41.8 billion | $ 46.3 billion | $ 6.4 billion | $ 7.1 billion |
| 7 | ABInvev | € 59.3 billion | $ 59.3 billion | € 6.8 billion | $ 6.8 billion |
| 8 | Mondelez | $ 36 billion | $ 36 billion | $ 4.9 billion | $ 4.9 billion |
| 9 | Archer Daniels Midland | $ 93.9 billion | $ 93 billion | $ 3.4 billion | $ 3.4 billion |
| 10 | Kraft Heinz | $ 26.6 billion | $ 26.6 billion | $ 2.8 billion | $ 2.8 billion |
| 11 | Heineken | € 36.3 billion | $ 40 billion | € 2.4 billion | $ 2.6 billion |
| 12 Danone € 27.6 billion $ 30.6 billion $ 0.95 billion $ 1.0 billion Source : Annual Report, 2023 | |||||
| Currency Rate : | |||||
| 1 Swiss Franc (CHF) = 1.18 US Dollar ($) | |||||
| 1 Euro (€) = 1.11 US Dollar ($) | |||||
| Origin currency : Currency officially used in Annual Report | |||||
| US Dollar : Amount of Origin Currency after Converted into US. Dollar | |||||
The Revenue and net income of the company can show the gained financial value of revenue and net income/ loss at a specific time. It also showed the effectiveness and efficiency of the company is doing their business in a specific time.
Brief Description of Biggest Consumer Goods Companies
1.Nestle
Nestlé S.A. commonly known as Nestle is multinational corporation with diversed products in supplying human consumption. Historically, this company that has popular symbol “Good food, Good life” was founded by Henri Nestlé in 1866.
From time to time, because of the development of its business, this company has transformed as global companies with more than 2000 brands with operations in 186 countries and employed 276 thousand people across the nations. Nowadays, the company has primary office in Vevey, Vaud, Switzerland with selling miscellaneous products, for example, powdered and liquid beverages, petcare, confectionery, water, prepared dishes and cooking aids, milk products and ice cream. Furthermore, some of popular Nestle’s brand are KitKat, Milo, Nescafe, Maggi, and the others.
Financially, according to balance sheet in 2023, the assets of Nestle around CHF 126.5 billion or equivalent with $ 149 billion. Meanwhile, the liabilities of it are around CHF 90 billion or equivalent with $ 106 billion. According to Income statement in 2023, Nestle could gain revenue around CHF 92.9 billion or equivalent with $ 109 billion . Furthermore, Nestle gained net income of CHF 11.5 billion or equivalent with $ 13.5 billion.
2.P&G
The Procter & Gamble Company commonly known as P&G is multinational corporation that was founded in 1837 by William Procter and James Gamble. William Procter is candlemaker and James Gamble is soap maker. Along with business development, the company has become the multinational giant company with employees more than 101 thousand people and operation more than 180 countries and territories through numerous channels as well as direct-to-consumer. Nowadays, this company has primary office in Cincinnati, Ohio, United States. Furthermore, some of popular brand from P&G are Pampers. Downy, Gillete, Head&Shoulders, Pantene, ambipur, oral-b, Vicks, Olay, and the others.
Financially, according to balance sheet of the company in 2023, P&G has assets around $ 122.3 billion with liabilities around $ 71.8 billion. Meanwhile, the performance is in positive way with gained revenue around $ 84.1 billion and net income around $ 14.9 billion.
3.Coca-Cola Company
The Coca-Cola Company is Multinational consumer goods companies with some popular brands, for instance, Coca-Cola, Sprite, Fanta, Minute Maid, and the others. Historically, Asa Griggs Candler found this company. Meanwhile, John Stith Pemberton, a pharmacist, founded the formula of the Coca-Cola soft drink in 1886. Nowadays, this company has main office in Atlanta, Georgia, U.S, and has employee around 86 thousand of people. Based on the ownership, Berkshire Hathaway, The Vanguard Group, and BlackRock are the main shareholder of Coca-Cola.
Financially, according to Balance sheet of company, Coca-Cola company has assets around $ 97.3 billion and liabilities around $ 70.3 billion. Meanwhile, the performance in 2023 still in positive way with gained revenue around $ 45.7 billion and Net Income around $ 10.7 billion.
4.Pepsico
PepsiCo, Inc is multinational company that was founded by Caleb Bradham on August 28, 1898. Caleb Bradman is also popular because he invented the Pepsi formula. Nowadays, this company has main office in Harrison, New York. Along with business development of PepsiCo, as of 2021, the company has employed around 291 people across the nations. Meanwhile, this company has some popular brands, such as, Pepsi, Cheetos, Lays, Quaker Oats, Gatorade, Mirinda, and the others.
As a global company, financially, PepsiCo has assets around $ 100.4 billion with liabilities around $ 81.8 billion. These data were obtained from Balance sheet of company in 2023. Meanwhile, according to the income statement of company, PepsiCo gained revenue around $ 91.4 billion and net income around $ 9.1 billion.
5.Unilever
Unilever plc commonly known as Unilever is global consumer goods company with miscelleneaous brand, such as, Lifebouy, Domestos, Surf, Dove, Vaseline, Tresseme, Clear, Lux, Magnum, Rexona/Degree, Sunsilk, Sunlight and the others. Historically, this company was founded because of the merger between Lever Brothers company and Margarine Unie company in 1929. Nowadays, this company has primary office in London, England with more than 148 thousand employees. As a global consumer goods company, Unilever’s product has been used by 3.4 billion consumers every day.
Financially, according to Balance sheet of the company in 2023, Unilever has assets around € 75 billion or equivalent with $ 83.2 Billion with liabilities around € 54.5 billion or equivalent with $ 60.5 billion. Based on the business performance in 2023, the company has positive result with gained revenue around € 59.6 billion or equivalent with $ 66.1 billion and net income around € 7.1 billion / $ 7.8 billion.
6.AB Inbev
Anheuser-Busch InBev SA/NV is a global consumer goods company with multiproduct of alcoholic beverages. Historically, this company was formed because of the acquisition of InBev into Anheuser-Busch in 2008. Operationally, this company has primary office in Leuven, Belgium. Furthermore, the company has employed 168 thousand of people with 200 breweries in 50 countries. Basically, some popular alcoholic brand from this company are Corona, Budweiser, Aguila, and Quilmes.
Financially, AB inbev has assets around $ 219.3 billion with liabilities around $ 126.5 billion. According to financial statement in 2023, the company has positive ways that gain revenue around $ 59.3 billion and generated net income around $ 6.8 billion.
7.L’Oreal
L’Oréal S.A. is multinational consumer goods company that has miscellaneous brands of cosmetics and fashion. Some of the popular brand from L’Oréal are L’Oréal Paris, Garnier, Maybelline, Prada, YvesSaintLauren, Armani, and the other brand. Historically, this company was founded by Eugène Paul Louis Schueller in July 1909 and nowadays, this company has main office in Clichy, France.
Financially, according to Balance sheet of the company in 2023, L’Oréal has assets around € 51.8 billion or equivalent with $ 57.4 billion and Liabilities around € 22.6 billion or equivalent with $ 25 billion. Meanwhile, according to its performance in 2023, L’Oréal gained revenue € 41.8 billion or equivalent with $ 46.3 billion and net income around € 6.4 billion or equivalent with $ 7.1 billion.
8.Mondelez
Mondelēz International, Inc is multinational snack company that has owned some popular brands, for example Oreo, Toblerone, Triden, Milka, and the others. Historically, this company started from the National Dairy Products Corporation (National Dairy) that was founded on December 10, 1923 by Thomas H. McInnerney and Edward E. Rieck. The Mondelez is the separations of KraftFood in 2012. Nowadays, this company has main office in Chicago, Illinois, U.S.
Financially, in 2023, according to Balance sheet of Mondelez, this company has assets around $ 71.3 billion with liabilities around $ 43 billion. According to business performance in 2023, the company gained positive result with revenue around $ 36 billion and generated net income around $ 4.9 billion.
9.Heineken
Heineken N.V. is multinational beer company that was founded by Gerard Adriaan Heineken in 1864. Nowadays, this company has primary office in Amsterdam, Netherlands. Based on the business development of the company, Heineken has some popular beer brands. Some of them are Heineken, Amstel, Cruzcampo, Affligem, Żywiec, Starobrno, Tiger Beer, Zagorka, Red Stripe, and Birra Moretti.
Financially, Heineken’s assets was around € 55.1 billion or equivalent with $ 61.1 billion and liabilities around € 32.2 billion or equivalent with $ 35.8 billion. Based on the business performance in 2023, Heineken gained revenue around € 36.3 billion or equivalent with $ 40 billion and Net income around € 2.4 billion or equivalent with $ 2.6 billion.
10.Danone
Danone S.A. is multinational consumer goods company that was founded in 1919. The founder of the company is Issac Carasso. Nowadays, this company has primary office in Paris, France and Hoofddorp, Netherlands. Along with the business development of the company, Danone has produced and marketed some products of Baby food, coffee, dairy products, dairy-free products, bottled water, and dietary supplements. Basically, some of popular brands from Danone are Activia, Actimel, Alpro, Aptamil, Danette, Danio, Dannon, Danonino, Evian, Nutricia, Nutrilon, and Volvic.
Financially, in 2023, the company, Danone S.A. has assets € 44.4 billion or equivalent with $ 49.2 billion with liabilities around € 28.2 billion or equivalent with $ 31.3 billion. Based on the business performance in 2023, the company gained revenue around € 27.6 billion or equivalent with $ 30.6 billion and generated net income around € 0.95 billion or equivalent with $ 1.05 billion.
11.Kraft Heinz
The Kraft Heinz Company or commonly known as Kraft Heinz is multinational consumer goods company that was founded by the merger between Kraft Foods and H.J. Heinz in 2015. Basically, this company has many popular brands, for example, Boca Burger, Gevalia, Grey Poupon, Oscar Mayer, Philadelphia Cream Cheese, Primal Kitchen, and Wattie’s. Nowadays this company has main office in Chicago, Illinois and Pittsburgh, Pennsylvania. Until 2021, the company has employed 38 thousand people.
Financially, according to balance sheet of the company in 2023, Kraft Heinz has Assets around $ 90.3 billion with liabilities around $ 40.6 billion. Based on the income statement of 2023, the company gained revenue around $ 26 billion and reaped net Income $ 2.8 billion.
12. Archer Daniels Midland
The Archer-Daniels-Midland Company was founded in 1902 in Minneapolis, Minnesota, U.S. by the contribution of George A. Archer and John W. Daniels. To date, Archer-Daniels-Midland Company (ADM) has some products including oils and meal from sunflower seeds, soybeans, peanuts, cottonseed, canola, flaxseed, Palm kernel, and DAG oil, as well as corn germ, corn gluten feed pellets, syrup, starch, glucose, dextrose, crystalline dextrose, high fructose corn syrup sweeteners, chocolate, ethanol, and wheat flour.
Financially, according to Balance sheet of company in 2023, Archer Daniels Midland has assets of $ 54.6 billion with liabilities of $ 30.1 billion. Meanwhile, based on business performance in 2023, Archer Daniels Midland succefully generated revenue of $ 93.9 billion with net income of $ 3.4 Billion.
The Summary of 12 World’s Biggest Consumer Goods Companies in 2023
Bibliography of 12 World’s Biggest Consumer Goods Companies in 2023
AB Inbev. 2024. Annual Report 2023. Accessed via Investors | AB InBev (ab-inbev.com) on July 24th, 2024.
Nestle. 2024. Annual Report 2023. Accessed via https://www.nestle.com/investors/publications on July 24th, 2024.
P&G. 2024. Annual Report 2023. Accessed via https://pginvestor.com/ on July 24th, 2024.
Coca-Cola. 2024. Annual Report 2023. Accessed via https://investors.coca-colacompany.com/ on July 24th, 2024.
Kraft Heinz. 2024. Annual Report 2023. Accessed via https://ir.kraftheinzcompany.com/ on July 24th, 2024.
Pepsico. 2024. Annual Report 2023. Accessed via https://www.pepsico.com/investors/investor-relations on July 24th, 2024.
Unilever. 2024. Annual Report 2023. Accessed via https://www.unilever.com/investors/ on July 24th, 2024.
Mondelez. 2024. Annual Report 2023. Accessed via https://www.mondelezinternational.com/Investors/Financials/Annual-Reports on July 24th, 2024.
Heineken. 2024. Annual Report 2023. Accessed via https://www.theheinekencompany.com/investors on July 24th, 2024.
Danone. 2024. Annual Report 2023. Accessed via https://www.danone.com/investor-relations.html on July 24th, 2024.
L’Oreal. 2024. Annual Report 2023. Accessed via https://www.loreal-finance.com/eng on July 24th, 2024.
Archer Daniels Midland. Annual Report 2023. Accessed via https://investors.adm.com/financials/annual-reports/ on July 26th, 2024