Strong export sales are behind the success of some of Australia's fastest moving food and beverage companies this year, according to our Australia's Top 100 Food & Drink Companies 2018 report released this week.
The Top 100 Food & Drink Companies report, compiled in collaboration with market research firm IBISWorld and sponsored by Foodmach, ranks Australia's heaviest hitters in food and beverage based on their most recently reported revenues.
Freedom Foods and The a2 Milk Company, Turners & Growers, Costa Group, and Teys Australia, were among those that saw strong upticks in revenue thanks to their export strategies, the report showed.
The fastest movers on the list included Allied Pinnacle, Superior Food Group, The a2 Milk Company, Bellamy’s Organic, and Freedom Foods Group.
Several new companies also entered this year's Top 100, including PepsiCo Australia & New Zealand, Saputo Dairy Australia, Tassal Group, and Huon Aquaculture Group. List drop-offs included Mars, Burra Foods, Cerebos Foods, Tully Sugar and Milne AgriGroup.
According to this year's report, Australia's top 100 food and beverage companies collectively generate in excess of $104 billion in revenue (up from more than $100 billion in 2017-18) and employ more than 130,000 Australians.
In the report, we also reveal the shuffling of the ranks of Australia's top ten companies, and the best performing industry sectors.
