Brand Finance, the world's leading brand valuation consultancy, has put together its annual Brand Finance Food 100 Report.
Nestle once again gets the top spot in the top 100 most valuable food brands, with a value of US$20.8 billion. Nestle credits their decentralized structure for the ability to respond to global challenges and consumer needs, which has contributed to the brand value growth.
Following in second place, with a value up ten percent from last year, is Chinese brand Yili at US$10.6 billion. The brand reported a growth in sales for cheese, powdered milk and bottled water. Lay's brand value increased by 31 percent at US$8.6 billion, which put them in third place.
Hershey's takes out the top spot for the strongest food brand, with a Brand Strength Index score of 89.8. Following them is Quaker, Doritos, Cheetos and Ruffles - all of which are American names.
Growing bands are also of interest in the report. Belvita is the world's fastest-growing brand, with an increase of 62 percent. The convenience of their breakfast biscuits proved incredibly popular in a fast-paced world.
The full report can be found on Brand Finance's website.
