Among the most high-profile recipients is John Sunderland, chairman of Cadbury Schweppes and president of the CBI, who is knighted. Sir John, who joined Cadbury in 1968 and was appointed chairman in 2003, received the award for services to business.
He said: "This honour reflects most on the company I have worked for all my business life, Cadbury Schweppes, and the organisations I have had the privilege to represent."
Todd Stitzer, chief executive officer of Cadbury Schweppes, added: "John is a great colleague and mentor and has served Cadbury Schweppes and British business long and well. All of our 60,000 colleagues across the world are delighted for him to receive this great honour."
Bill Capper, chairman and former MD of family-owned Spar company Capper & Co, is appointed CBE for services to business and to the community in Wales.
He had led the company, which operates the Spar franchise for South Wales, the M4 and the south west of England, since 1968 and became executive chairman in May last year.
Also appointed CBE is Richard Kirk, chief executive officer of Peacock Group and the man behind the buyout of Kwik Save earlier this year, who receives the award for services to business and to charity in Wales.
Julia Unwin, deputy chair of the Food Standards Agency, is appointed CBE for services to consumers. Unwin has been deputy chair of the FSA since 2003.
Dr Jon Bell, former chief executive of the FSA, is appointed a Companion of the Order of the Bath.
Chair of the Specialist Cheesemakers Association, Randolph Hodgson, is appointed OBE, and the chair of the Tenant Farmers' Association, Reg Haydon, is also appointed OBE.