Top 10 Fastest Growing FMCG Companies in the UK in 2024
The UK is home to a large number of fast-moving consumer goods (FMCG) companies. These companies are responsible for supplying essential items to the public, ranging from food and beverages to health and beauty products. As such, it is important to know which FMCG companies have been performing well in recent years and will continue to do so in 2024.
Here are the Top 10 FMCG companies in the UK in 2024:
1. Unilever PLC
Unilever PLC is one of the leading FMCG companies in the UK, founded in 1929 and with yearly revenue to reach £55 billion in 2022. The company is proud to employ over 8000 talented people across its many product lines, which are available both online and in over 190 countries around the world. Unilever’s product portfolio includes some of the world’s most recognizable brands such as Dove, Vaseline, Lipton, Hellmann’s, and Magnum Ice Cream.
With a strong presence across Europe and Asia Pacific, Unilever has grown its market share significantly over the past five years and continues to be one of the fastest-growing FMCG companies in the UK. Unilever PLC is committed to sustainability and social responsibility as part of all its operations, working towards a better future for everyone by developing innovative FMCG products. Their success in this field has made them an important part of the FMCG industry within the UK.
2. Tesco PLC
Founded in 1919 by Jack Cohen, Tesco PLC is one of the largest supermarket chains in Europe and has over 3,500 stores located in the UK alone. It is estimated that the company’s annual revenue for 2022 will be approximately £55 billion, stemming from its 431,000 employees in countries all over the world.
Tesco produces a variety of products and services ranging from food to health care to online shopping. Their core business segments include trading groceries, clothing, general merchandise, F&F clothing range, digital downloads, and banking products. The company strives to create value both for its customers and shareholders while playing an important role in helping local communities prosper financially.
3. British American Tobacco
Established in 1902, British American Tobacco is the planet’s most widespread tobacco company, with a presence across more countries than any other. In 2022, it is projected to generate annual revenue of £28 billion and employs 55,000 people across its various businesses, spanning almost 180 markets.
The company produces a diverse range of products and brands across four key tobacco categories: cigarettes, roll-your-own and fine-cut tobacco, cigars, and which further services these categories with vapor devices. BAT’s FMCG portfolio stretches from strong local brands to well-established global ones such as Dunhill and Lucky Strike, exploring the ever-changing needs of customers looking for more than just refreshments.
4. Kraft Heinz Company
Kraft Heinz is an FMCG company in the UK that was established in 2015. In 2022, Kraft Heinz generated annual revenue of over £24 billion and employed more than 21000 people spread across 6 continents.
Its brands include Oscar Mayer, Philadelphia Cream Cheese, Kraft Mac & Cheese, Planters Peanuts, Maxwell House Coffee, and many more household staples that can be found on grocery store shelves across the UK. Besides grocery items, they also offer pet food and frozen meals in supermarkets across the country. With a true commitment to health and safety protocols, they are making sure that their FMCG products reach millions of households before expiration.
Established in 1997, Diageo is a renowned FMCG business based out of the United Kingdom. Through its decades-long existence and global presence, this company has made quite an impression on consumers and businesses alike. It has grown considerably since then, and according to a 2022 revenue estimation, Diageo’s revenue should be close to £22 billion.
Currently, the company employs more than 31 thousand people across 199 countries and offers multiple products like whiskey, vodka, and rum among others under 202 brands. People can find their products both in physical stores as well as online shops like Amazon. Diageo is dedicated to developing sustainable solutions for its distribution networks and supports fundraisers for charities such as WaterAid and Children’s Promise Scotland.
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6. Imperial Brands PLC
Imperial Brands PLC stands as a prominent leader amongst all Fast-Moving Consumer Goods companies in the United Kingdom. Founded in 1901, Imperial Brands has grown to become a global leader in tobacco, alcohol, and food-related products. Imperial Brands’ product portfolio includes some of the world’s most recognized brands, such as John Player Special Cigarettes and Guinness Beer.
With over 20 years of experience in the sector, Imperial has established itself as a key player within the FMCG market by offering consumers high-quality products at competitive prices. In 2022, Imperial Brands PLC’s revenue is over £16 billion with a staff of more than 30,000. As part of its commitment to sustainability and social responsibility, Imperial works tirelessly to promote responsible consumption and reduce any potential harm caused by their products through initiatives such as eliminating single-use plastics from packaging.
7. Reckitt Benckiser Group
Founded in 2007, Reckitt Benckiser Group is a leading consumer health and hygiene company with operations spanning more than 60 countries worldwide. It owns many iconic brands including Lysol cleaning products, Durex condoms, Dettol, Mucinex cold medicines, Nurofen pain relief medications as well as Air Wick air fresheners among many others.
As of 2022, RBG has an estimated 50,000 employees around the world and generated annual revenue of over £15 billion in 2022. Reckitt Benckiser has experienced tremendous growth over recent years due to its diverse portfolio of products that appeal to a wide range of consumers making it a top performer among FMCG companies globally.
Sainsbury’s is one of the FMCG Companies in the UK, founded in 1869 and still going strong. The company has seen continuous revenue growth since its establishment over 150 years ago, with an estimated revenue of £16 billion projected for 2022. Sainsbury’s offers a wide range of food, clothing, and general merchandise to over 23 million customers weekly, aided by its more than 150,000 employees worldwide.
Sainsbury’s is one of the largest supermarket chains in the UK, with over 800 stores and an online presence that spans more than 50 countries worldwide. Sainsbury’s has experienced significant growth over the past few years due to its strong online presence and its ability to appeal to a wide range of customers making it one of the top-performing FMCG companies in the UK.
9. Associated British Foods
Since its inception in 1935, Associated British Foods has been a beacon of growth and prosperity among FMCG companies across the United Kingdom. Over time their success has snowballed into overwhelming business expansion and accomplishments. In 2022 company’s annual revenue is £16 billion and currently employs approximately 128,000 people.
They sell a variety of products across many categories such as agriculture, food ingredients, own brand foods as well as clothing under their Primark stores. Associated British Foods also has operations in Europe that span from Germany to France to the Czech Republic and more.
Warburtons is one of the most well-known FMCG companies in the UK. Founded in 1876, it has grown to generate an estimated £2 billion in annual revenue for 2022, with around 5,400 employees and a range of products including bread, wraps, and crumpets.
The brand enjoys strong customer loyalty and is one of the most trusted FMCG producers in the market today. Warburtons also offers a variety of healthy meal options such as vegetarian-friendly and lower sugar choices to promote healthier diets as part of their commitment to high-quality ethics.
The UK is home to an impressive selection of fast-moving consumer goods (FMCG) companies that produce essential items for everyday life. From Unilever PLC to Kraft Heinz Company and Reckitt Benckiser Group plc, these 10 FMCG companies have firmly established themselves as some of 2024’s top performers amongst their peers both domestically and internationally. Whether you’re looking for food or hygiene products these ten powerful corporations will be sure to meet your needs!