The 10 biggest FMCG companies in the world are integral to the economy of the world, earning revenues totaling hundreds of billions of dollars while also providing employment opportunities to millions of people.
An FMCG company refers to companies which deal in fast moving consumer goods. What are fast moving consumer goods you wonder? Well, this term is used to refer to goods which are generally sold immediately instead of being stored and are also sold at low costs as well. Generally, such goods include items which are perishable by nature, such as fresh foods and drink, while also dealing with goods which are nondurable by nature such as toiletries and drugs. These goods can be compared with goods of a more permanent nature such as furniture and fittings, which can be kept for a long while before being sold.
As mentioned earlier, fast moving consumer goods are generally sold immediately instead of being kept either because they are perishable by nature or due to extremely high demand by consumers. This is why toiletries and alcohol, both items which are not necessary to consume immediately, are also counted in fast moving consumer goods. There is little profit to be made on the sale of a fast moving consumer good as margins are often tight. However, because such goods are usually sold in bulk, due to the high volume sales, huge profits are there to be made, a fact which has been recognized and used by the 11 biggest FMCG companies in the world.
These companies are giants in the truest sense of the word, towering above the rest. Their turnover would put many countries to shame, with tens of billions of dollars being child’s play for them. The total number of people they hire is greater than the population of some tiny countries. These are the companies which are household names. It is the dream of millions of people to work for these companies. They are often ranked amongst the top employers in the world as they can very well afford to provide extra benefits to their employees.
To rank the biggest FMCG companies, we considered the primary source of information that denotes how a company is doing, i.e. their revenue. A company’s revenue goes a long way towards indicating its strength in the industry. Furthermore, we also considered the total number of employees hired by each company. We traced the revenue from a report prepared by OC&C Strategy Consultants while Forbes helped us to determine the number of employees hired by each company. For more information on some of the hot FMCG companies, you can visit 5 FMCG stocks to buy now.
Of course, revenue is a far more important indicator of the size of a company, which is why we assigned it 70% weight while determining our rankings with the remaining 30% being allocated to the number of employees.