The Top 50 snack and bakery companies of 2018
Strategic investments and divestitures catalyze notable changes across snack and bakery
When combined, the grain-based snack and bakery industry in the U.S., as covered in Snack Food & Wholesale Bakery, accounts for over $100 billion in annual sales—and that’s just at retail. The snack and bakery categories we cover in these pages are anchors—hugely influential areas of food that grace pantries and tables the world over.
Now in its third year, the “Top 50 Snack & Bakery Companies” on our list all have varying degrees of focus on snack foods and baked goods for the U.S. market (listed revenue comprises total company sales for the noted year, globally where applicable, in U.S. dollars).
The top company on the list, Nestlé—which is the largest food company in the world—saw growth during fiscal 2017—from $87.8 billion in 2016 to $90.8. That said, Mark Schneider, CEO, reported that 2017 sales growth was below expectations due to challenging markets in the U.S. and Brazil, but that sales growth in Europe and Asia was “encouraging.”
PepsiCo, second on the list, grew by approximately 1 percent. The company reports that it built on the success of its Frito-Lay Simply brand with new products like Simply Doritos White Cheddar. As of 2017, PepsiCo deems that 50 percent of its total product portfolio is “better for you” or “good for you,” a significant change over the past decade.
Campbell Soup Co. climbed up one slot on the Top 50 despite a slight loss. This was possible due to a more-significant revenue decline at Conagra Brands, primarily due to its spinoff of its Lamb Weston business into an independent company, and divestiture of the Spicetec Flavors & Seasonings and JM Swank businesses in early fiscal 2017.
Arca Continental saw a significant jump from fiscal 2016 to 2017. Although the bulk of its business is tied to bottling Coca-Cola Co. products in Latin America, the company has owned Wise Snacks since 2012, and also acquired Deep River Snacks in late 2017. Arca noted that its snack business saw growth thanks to new placement of a Wise Snacks popcorn variety pack in Walmart stores.
In June 2018, The Wonderful Co. announced that it had grown at a rate of 13 percent, claiming a crown as the No. 1 growth leader among all multibillion-dollar CPG companies. The company reports that it accomplished this growth by developing differentiated offerings, targeting consumers with greater precision and expanding into new markets.
For fiscal 2017, B&G Foods sales increased 20 percent to $1.7 billion, more than doubling the size of its business in three years. It climbed from No. 27 to No. 25 on the Top 50. During 2017, B&G Foods saw a revenue jump thanks in part to its acquisition of Back to Nature, which has a presence in cookies, crackers and nuts/trail mix, as well as other categories.
Quest Nutrition has skyrocketed to success over the past few years, with tremendous gains across its bar business—and now also offers protein-fortified chips and pizza. The company was founded in 2010 and has grown to an estimated value of over $1.0 billion.
J&J Snack Foods Corp. grew 7 percent from fiscal 2016 to 2017. Growth came from strong performance in the foodservice channel—particularly soft pretzels, churros and handhelds—and via acquisitions of Hill & Valley, which supplies the in-store bakery channel, and Labriola Baking, a producer of specialty breads and soft pretzels.
|Rank||Company||2017 Sales||2016 Sales|
|1||Nestlé S.A.||$90.8 billion||$87.8 billion|
|2||PepsiCo||$63.5 billion||$62.8 billion|
|3||Kraft Heinz Co.||$26.2 billion||$26.5 billion|
|4||Mondelez International||$25.9 billion||$25.9 billion|
|5||General Mills||$15.6 billion||$16.6 billion|
|6||Grupo Bimbo S.A.B. de C.V.||$14.3 billion||$13.5 billion|
|7||Kellogg Co.||$12.9 billion||$13.0 billion|
|8||Campbell Soup Co.||$7.9 billion||$8.0 billion|
|9||Conagra Brands||$7.8 billion||$8.7 billion|
|10||The Hershey Co.||$7.5 billion||$7.4 billion|
|11||Arca Continental S.A.B. de C.V.||$7.0 billion||$4.5 billion|
|12||The Wonderful Co.||$6.6 billion*||$5.1 billion*|
|13||TreeHouse Foods||$6.3 billion||$6.2 billion|
|14||Post Holdings||$5.2 billion||$5.0 billion|
|15||ARYZTA||$4.3 billion||$4.4 billion|
|16||Flowers Foods||$3.9 billion||$3.9 billion|
|17||Rich Products Corp.||$3.8 billion*||$3.6 billion*|
|18||Gruma S.A.B. de C.V.||$3.4 billion||$3.3 billion|
|19||Pinnacle Foods||$3.1 billion||$3.1 billion|
|20||The Schwan Food Co.||$3.1 billion*||$3.0 billion*|
|21||The Hain Celestial Group||$2.9 billion||$2.9 billion|
|22||CSM Bakery Solutions||$2.6 billion*||$2.9 billion*|
|23||Snyder’s-Lance||$2.2 billion||$2.1 billion|
|24||Premium Brands Holding Corp.||$2.2 billion||$1.9 billion|
|25||B&G Foods||$1.7 billion||$1.4 billion|
|Rank||Company||2017 Sales||2017 Sales|
|26||Hearthside Food Solutions||$1.5 billion*||$1.3 billion*|
|27||Blue Diamond Growers||$1.5 billion||$1.7 billion|
|28||McKee Foods Corp.||$1.4 billion*||$1.4 billion*|
|29||Seneca Foods Corp.||$1.2 billion||$1.3 billion|
|30||Lancaster Colony Corp.||$1.2 billion||$1.2 billion|
|31||Shearer’s Foods||$1.2 billion*||$1.2 billion*|
|32||Quest Nutrition||$1.2 billion*||410 million*|
|33||J&J Snack Foods Corp.||$1.1 billion||992.8 million|
|34||United States Bakery/Franz Bakery||$1.0 billion*||$1.0 billion*|
|35||Utz Quality Foods||935 million*||800 million*|
|36||H&S Bakery||877 million*||812.1 million*|
|37||CLIF Bar & Co.||814.6 million*||780.5 million*|
|38||Hostess Brands||$776.2 million||$727.6 million|
|39||Ruiz Food Products||776 million*||685 million*|
|40||KIND LLC||$727.0 million*||$452.6 million*|
|41||Gilster-Mary Lee Corp.||$685.0 million*||$700.4 million*|
|42||Kings Hawaiian Bakery West||$579.5 million*||$484.7 million*|
|43||Krispy Kreme Doughnuts||$544.0 million*||$518.7 million*|
|44||Herr Foods||$483.5 million*||$481.0 million*|
|45||Atkins Nutritionals||$340.0 million*||$325.1 million*|
|46||Olé Mexican Foods||$327.0 million*||$312.4 million*|
|47||Palermo Villa||$312.4 million*||$300.0 million*|
|48||Bon Appetit Danish||$289.0 million*||$294.8 million*|
|49||Perfection Bakeries/Aunt Millie’s Bakeries||$274.4 million*||$285.3 million*|
|50||Truco Enterprises||$216.0 million*||$204.3 million*|