Every year in The Top 100 Australian Food & Drink Companies report, created in collaboration with IBISWorld, we take a look at which companies have shot up the ranks.
This year’s gold star goes to Saputo Dairy Australia, which recorded a massive 220.84 per cent rise in revenue. It saw the company jump 25 places from #34 to #9. The rise was due to its $1 billion takeover of Murray Goulburn and Warrnambool Cheese & Butter making it the largest dairy processor in Australia.
Its first time in the Top 100 saw poultry company Turosi at #52, after a merger between OSI International Foods (#84 in 2018) and Turi Foods. It owns brands Bannockburn, La Ionica, Golden Farms and Prepared Food Solutions.
Monde Nissin Australia owns brands Nudie, Black Swan, Peckish, Wattle Valley, Quorn and manages and distributes brands across grocery, dairy, deli, bakery and frozen markets. It came into the Top 100 for the first time at #56.
New arrival Kinrise recorded the second highest revenue increase, up 103.03 per cent. It came in at #64 after being formed in May 2018. It calls itself “a new kind of food company” with breakfast, baking, bakery, biscuits and snack categories produced by its brands Cobs Fine Foods, Greens General Foods, Susan Day Cakes and Ozpack.
Cake and pastry manufacturer Australasian Foods came in at #68 with 69.89 per cent revenue growth after acquiring Boscastle Pastries Foods for $10.75 million. It acquired Patties Foods in September 2016, which was #89 last year.
Almondco Australia had the fourth highest revenue increase (55.81 per cent) and made its Top 100 debut at #78. In the last 10 years the company has increased production four-fold.
Freedom Foods Group continued its climb, moving from #68 to #59 in 2018 and up 12 places to #47 this year. It recorded 33.65 per cent revenue growth.
Midfield Meat International moved 11 places from #48 to #37, the multi-faceted meat processing company is a major player in the domestic and export market with beef, lamb, veal, mutton and their by-products. It began production with its Union Dairy Company in 2017, processing 300 million litres of raw milk a year in a purpose-built, state-of-the-art plant.
The a2 Milk Company continues its rise, from #44 in 2017 to #31 in 2018 and securing #26 this year. It recorded a revenue rise of 41.25 per cent on 2018, up $382 million to $1.3 billion.
Editorial by Food & Drink Business. All data sourced from IBISWorld.