World meat industry news

Forbes magazine compiled a rating of the largest foreign companies in Russia. According to the publication, PepsiCo remained the leader in the food industry segment.

The rating included companies that were more than 50% owned by foreign corporations as of September 2023. The list also includes enterprises that are temporarily under the management of the Federal Property Management Agency. These are Danone Trade, Unipro, Baltika Brewing Company, Forward Energo.

The rating is based on companies' revenue for 2022, which was assessed according to SPARK data, IFRS reporting and based on companies' annual reports. The revenue of corporations that did not disclose their financial statements for the previous year was assessed by INFOLine experts.

In 2023, companies from the food industry and food retail segment noticeably strengthened their positions and moved up the rankings, since some foreign corporations operating in non-food retail, mechanical engineering and other industries dropped out of the list because they ceased operations in Russia.

The top five of the ranking in 2023 was occupied by players from the non-food trade and food industry.

Pepsico Holdings retained leadership in the food segment among foreign companies with revenue of 303.7 billion rubles. The company rose from thirteenth place in the 2022 ranking to fourth place in 2023. It is followed by Auchan, which rose from tenth to fifth place, showing revenue of 292.6 billion rubles in 2022.

In the food industry segment, Mars and Ruskan Distribution (part of the Mars holding) also rose in the rankings with revenue of 201.4 billion rubles. The leap was significant - immediately from nineteenth to eighth position in the list. Nestlé Russia, with revenue of 195 billion rubles, also moved quite noticeably: from eighteenth to ninth place.

The largest foreign company in the dairy sector was Danone Trade, which took sixteenth place with revenue of 112.7 billion rubles. In the 2022 ranking, the company ranked only twenty-ninth on the list.

The Baltika brewing company, with a turnover of 100.7 billion rubles in 2023, took twentieth place versus forty-first in 2022. Mon delis Rus and Chipita St. Petersburg are slightly behind it - the company's turnover amounted to 100.1 billion rubles. Last year, this company was not included in the list of the largest foreign corporations in Russia.

Beer manufacturer AB InBev Efes jumped to twenty-third from thirty-ninth with revenue of 97.5 billion rubles. And Unilever rose from thirty-eighth to twenty-sixth place, with revenue for last year amounting to 84.9 billion rubles.

The Multon Partners (Coca-Cola) company, with revenue of 74.2 billion rubles, moved up slightly - from thirty-fourth to thirty-third place.

But a new well-known player appeared in the ranking - Savushkin Product with revenue of 65.4 billion rubles. The company currently ranks thirty-ninth.

In the food industry and agro-industrial sector, the ranking is closed by the Russian enterprises of Thailand's CP Foods, whose turnover last year amounted to 57.5 billion rubles (forty-fourth place) and Ferrero Russia with revenue of 50.9 billion rubles in 2022. Previously, they were not included in the ranking of the 50 largest “foreigners” in Russia.

Another new player in the rating is the Syngenta company, which produces plant protection products and seeds, with revenue of 53.4 billion rubles. She ranks forty-sixth according to Forbes. Its competitor, the German Bayer, moved up in the ranking from 37th to 25th place with revenue of 86.5 billion rubles in 2022.