Top 5 Sugar Companies and Manufactures in the World

4. Associated British Foods plc (LSE:ABF.L)

2023 Actual Revenue: $25.19 billion

Associated British Foods plc isn’t just your average food company – they’re a global powerhouse in the sugar game! With a hand in diversified food, ingredients, and retail, this company knows how to do it big. They’ve got five key segments, including Grocery, Ingredients, Agriculture, Sugar, and Retail. The Sugar division is all about that sweet stuff – growing, processing, and selling sugar beet and sugar cane to industrial pals. And get this – their ingredients branch is the world’s second-largest producer of sugar and baker’s yeast, plus a big player in other key ingredients like emulsifiers and enzymes.

ABF Sugar, part of this epic setup, has a whole crew of 30,000 employees across 20 plants in nine countries, cranking out a wild 4.5 million tonnes of sugar each year. They’ve got farms spreading over 330,000 hectares worldwide, handling business with over 25,000 growers. When it comes to revenue, these folks are killing it – first half of 2023 saw a 27% spike to $1.53 billion, and the second half hit a whopping 31% increase up to $1.78 billion, resulting in total revenue of $3.3 billion.