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Top 10 Most Valuable Food & Beverage Brands in 2024: Amul Tops the Global Rankings
In 2024, the global food and beverage (F&B) industry remains a significant economic force, with the market size projected to reach $9.2 trillion. Despite a 4% decline in brand value this year, amounting to approximately $268 billion, the sector is expected to grow at a compound annual growth rate (CAGR) of 5.9%, reaching $7,464.2 billion by 2027. This decline is attributed to modern consumers increasingly favoring smaller, private-label brands that offer unique and personalized products.
The industry’s evolution is marked by shifting consumer preferences, heightened health consciousness, and a growing demand for convenience. Leading F&B brands are adapting to these changes by focusing on convenience, sustainability, and innovation to secure future growth in a competitive market.
Brand Finance’s Annual Report Highlights:
In its latest report, ‘Brand Finance Food & Drink 2024,’ Amul India, officially known as Anand Milk Union Limited, has been recognized as the world’s strongest food brand for the second consecutive year. With over seven decades of history, Amul achieved an impressive Brand Strength Index (BSI) score of 91 out of 100 and holds an AAA+ rating globally. Amul’s brand value stands at USD 3.3 billion, reflecting its dominant presence in the Indian market with an 85% share in the butter segment and a 66% share in the cheese market. The company’s cooperative model and effective marketing strategies have contributed significantly to its strong global standing.
Top 10 Most Valuable Food & Non-Alcoholic Beverage Brands in 2024: Nestle Tops The Global Rankings
- Nestlé – Switzerland: $20,769M, AAA-
- Lay’s – United States: $12,021M, AAA-
- Yili – China: $11,606M, AAA
- Tyson – United States: $8,266M, AA+
- Danone – France: $8,026M, AA
- Quaker – United States: $7,543M, AAA
- Kellogg’s – United States: $6,092M, AA+
- Wrigley – United States: $6,021M, AA
- Mengniu – China: $5,417M, AAA
- Doritos – United States: $4,636M, AAA
The list underscores the dominance of American brands in the global F&B sector, showcasing their extensive reach and influence.
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