The 25 largest companies in the food sector generated revenues of $1.8 trillion last year. Nestlé Food and Beverage Manufacturing Company, which is the largest food company in the world, achieved Sales worth more than $98 billion.
Only two of them control 40% of the global commercial seed market, compared to 10 companies that controlled the same percentage of the market 25 years ago. Food prices have risen sharply over the past two years due to the Russian-Ukrainian war, other geopolitical turmoil in the. world, and continuing effects of the Covid-19 pandemic.