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Welcome to this year’s Top 100 edition. Each year, when we sit-down with IBISWorld to review the list, there is a sense of anticipation about what it will reveal. New entrants, big jumps and the inevitable tumbles, the list has it all. Read more
Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.
Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.
The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Europacific Partners (#3), Asahi (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.
It was a tough year for many with little relief from the pressures weighing on the sector since Covid. Editor Kim Berry provides this snapshot of the year that was.
A blend of salt, red wine vinegar, and water – known as Posca – was the ‘original sports drink’, helping to keep the soldiers of the Roman Empire marching up to 30 kilometres per day. Keira Joyce spoke with Posca Hydrate co-founders, Merrick Watts and Ed Stening, about reviving a 2000-year-old functional beverage for the modern healthy lifestyle.
Australia’s native food industry has received a boost – with Indigenous-owned Cooee Foods Australia acquiring native ingredients suppliers, Creative Native Foods – placing it under First Nations ownership for the first time in its 25 years.
The Tempo Group of Companies has acquired Spring Gully Foods IP and Brands, including Spring Gully, Gardener, Leabrook Farms and Ozemite, after it entered voluntary administration in October.
Fonterra has reported total group profit after tax of $278 million for 1Q26, up $15 million on the same period last year, as the co-op now pushes ahead with its multi-year business reshaping and the divestment of Mainland Group.
The Australian and New Zealand businesses of Pro-Pac Packaging (PPG), excluding Perfection Packaging, have been sold to Consolidated Packaging Australia, a subsidiary of Knoxcorp, the privately owned Australian investment company headed by Jim Knox.
Schütz Australia is expanding its packaging collection and reconditioning activities in Victoria through the acquisition of ContainerSave and DrumSavers.
Avantium N.V. and Packamama have signed a capacity reservation agreement for Avantium’s plant-based polymer PEF, branded as Releaf. The polymer is produced using Avantium’s YXY Technology.
