China's largest food and beverage enterprise: annual revenue exceeds 140 billion yuan, leading Yili and Kangshifu

According to a report by Zhiyan Consulting, the market size of the domestic food and beverage industry was about 11.71 trillion yuan last year, a year-on-year increase of 3.75%. This trillion level track has gathered numerous giants and new entrants, all of whom are meeting new market demands through product innovation, and the competition is extremely fierce.

The 2024 China Food and Beverage Top 100 List only ranks domestic enterprises in China (including Hong Kong, Macao, and Taiwan); Excluding foreign-funded enterprises (excluding Hong Kong, Macao, and Taiwan) and enterprises acquired by foreign-funded enterprises.

In terms of category distribution, there are 28 liquor companies on the list, although one less than last year, they still rank first; Among them, 7 companies made it to the TOP20. Following closely behind are 17 beverage companies, an increase of 3 compared to the same period last year; 12 dairy products, a decrease of 3 compared to the same period last year; There are 11 comprehensive and seasoning stores, 8 leisure food stores, 4 grain and oil stores, 3 frozen food stores, 2 health food and meat products stores, and 1 seafood and tea store.

Guizhou Moutai continued to rank first, with food performance exceeding 140 billion yuan, reaching 147.219 billion yuan, an increase of 23.507 billion yuan over the previous year; The profit was 74.734 billion yuan, also ranking first, with an increase of 12.018 billion yuan compared to the previous year, both reaching a historical high.

Ranked 5-10 on the list are Kangshifu, Wuliangye, Wahaha, Nongfu Spring, China Resources Beer, and Qingdao Beer. Kangshifu recorded a revenue of 50.939 billion yuan in beverages last year, a year-on-year increase of 5.39%, accounting for 63.34% of the group's total revenue; Instant noodles recorded a revenue of 28.793 billion yuan, a year-on-year decrease of 2.84%, accounting for 35.8% of the group's total revenue.

Insiders pointed out that, in addition to the significant changes in consumers' eating habits and health awareness, the rise of takeaway services and instant food products such as convenient hot pot, convenient Luosifen, convenient fans, convenient hot and sour powder, and consumers have more and more choices, further eroding the market share of instant noodles.