The global food products industry, consisting of agricultural products and packaged foods, generated revenues of US$3.2 trillion in 2008-9. Only a few TNCs currently dominate this sector. In terms of annual turnover, the Swiss Corporation Nestlé ranks first in the world with a turnover of over US$112 billion (Figure 2.15)10. Archer-Daniels-Midland (ADM) and Unilever ranks second and third with annual sales of US$62 billion and US$59billion respectively. The annual turnover of the top 11 companies combined is about US$393 billion. The total asset value of these TNCs is estimated to be US$439.5 billion. Using this indicator, Nestlé, Kraft Foods, and Unilever rank first, second and third respectively.
Nestle in first place