Switzerland: Nestle maintains status as the world's biggest dairy company

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Switzerland: Nestle maintains status as the world’s biggest dairy company

Switzerland: Nestle maintains status as the world’s biggest dairy company

August 10, 2015 By Innovation Editor - Europe , , , , In Europe, Financial, Non-Alcoholic Drinks

According to the Rabobank ranking for the year 2014, the Swiss company Nestle has maintained its positioned as the biggest dairy company in the world, with a total annual turnover of €20.9 billion ($23.2 billion).

The French companies Lactalis (€14.7 billion / $16.3 billion) and Danone (€14.6 billion / $16.2 billion) made it to second and third positions, changing places compared to the 2013 ranking. The fourth place was taken by New Zealand dairy specialist Fonterra, with turnover of €13.9 billion ($15.4 billion).

Meanwhile, for the first time in eight years a new company has entered the top five ranking for global dairy companies. This was accomplished by the USA -based company Dairy Farmers of America with total turnover of €13.5 billion ($15.0 billion), displacing Friesland Campina to number 6 in the ranking, with a turnover of €11.1 billion ($12.3 billion).

Source: Schweizerbauer