Dairy manufacturers Fonterra, Saputo and Bega Cheese are in the top 10 Australian food and beverage companies, according to the latest list assembled by Food and Drink Business magazine and IBISWorld.
With its recent acquisitions, Bega Cheese has moved from eighth placing to number five.
Riverina-based rice processor, Sunrice, came in at 22 on the list.
The top 100 list reflects financial reporting from calendar year 2021 and financial year 2021-22.
The New Zealand dairy company, Fonterra Co-operative, came in at number one.
Saputo Dairy Australia, which is undergoing rationalisation of its sites, was number six on the list.
Food and Drink Business magazine reported that almost a quarter of the top 100 recorded double digit revenue growth.
Meat processor Frew Foods topped the revenue growth, recording a 129.51 per cent jump. Arnott’s rose 57.35 per cent and Bega 38.89 per cent.
The salmon processors fared well, with Tassal rising 36.68 per cent, moving 12 places to number 30.
Shepparton News assistant editor and Country News journalist
