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Some of Australia's top 100 companies battled adverse conditions in 2019 or restructured, and as a result lost ground in this year's Top 100 Food & Drink Companies report, produced by Food & Drink Business in collaboration with IBISWorld.

Sugar companies had a tough year. A significant decline in the price of sugar from 2017 through to 2019, coupled with an increased supply from India and Brazil impacted the industry. Tully Sugar dropped 14.51 per cent in revenue, MSF Sugar 20.71 per cent (#70 to #85), and Mackay Sugar 26.58 per cent (#53 to #71).

Bellamy’s Organic fell three places to #77 with an 18.59 per cent fall in revenue largely due to a licencing roadblock to access the China market. The company waited more than a year for State Administration of Markets Regulations (SAMR) registration from Beijing, eventually accepting a buy-out offer from China Mengniu Dairy Company for $1.5 billion.

Monde Nissan had a 12.44 per cent revenue fall (#56 to #60). A crowded market in dips and snack foods as well as a softening in demand for juices may have been contributors to its drop.

Where does your company rank?  

EXCLUSIVE: Australia’s Top 100 Food & Drink Companies 2020

Top 100: The fastest movers of 2020

Top 100: The stellar sectors in 2020

Top 100: Arrivals and departures in 2020

Top 100: Food & Drink Business Podcast – editor Kim Berry and IBISWorld industry analyst Matthew Reeves dissect this year’s report.

Editorial by Food & Drink Business. All data sourced from IBISWorld.

 

Packaging News

In the APPMA’s free Digital Lunchtime Series, starting tomorrow a panel of industry experts from AMGC, APCO, Ai Group, and Detmold Group will dissect the topic Manufacturing: Adapting to the New Normal.

TricorBraun has entered into an agreement to buy Australian closures manufacturer Cormack Packaging, marking its first acquisition in ANZ. The transaction is expected to close end September.

The ongoing shipping crisis is causing an increasing number of Australian companies to look at sourcing packaging locally, as importing from China becomes more costly and takes longer.