For the past 40 years, The Grocer and international strategy consultancy OC&C have teamed up for a deep dive into the fortunes and challenges facing the UK’s largest food & beverage manufacturers.

This year’s annual feature explores how the industry has faced further upheaval from a war in the Middle East, an ongoing inflationary environment and climate breakdown. And the vast majority have fared remarkably well, with the industry showing considerable resilience and adaptability to lean into the difficulties head on.

Growth across the top 150 bounced back to above historic norms at around 5.9% and profit margins stabilised. Fast-changing consumer trends have launched some companies into the spotlight – but as the table shows, others struggled to navigate the choppy waters.

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