Hurun Report released its Hurun China Food Industry Top 100 on Dec 6 in Shanghai.
A total of 100 food companies were included in the ranking by market value on Oct 8 for the listed or the latest round of financing for the unlisted.
A company on the list at least had a market value of 11.5 billion yuan ($1.81 billion). The total value of top 100 was up to 9.6 trillion yuan.
Rupert Hoogewerf, chairman and chief research officer of Hurun Report, said: "Private companies contribute a lot to the food industry, with 68 percent of the top 100 being private."
Let's take a look at the top 10.
No 10 Yili
Value: 240.9 billion yuan
Yili milk. [Photo/yili.com]
No 9 Yanghe
Value: 268.5 billion yuan
A view of the cellar of Jiangsu Yanghe Distillery Co Ltd is seen in Suqian, East China's Jiangsu province. [Photo by Xu Yan/China Daily]
No 8 Muyuan Foods
Value: 287.9 billion yuan
Office buildings of Muyuan Foods. [Photo/Muyuan Foods website]
No 7 Luzhou Laojiao
Value: 330.0 billion yuan
A Luzhou Laojiao booth has a presence during an exhibition in Shanghai, on Nov 20, 2017. [Photo/Sipa]
No 6 Nongfu Spring
Value: 360.0 billion yuan
A bottle of Nongfu Spring water. [Photo/Sipa]
No 5 Jinlongyu
Value: 391.5 billion yuan
A woman selects Jinlongyu cooking oil at a supermarket in Nantong, East China's Jiangsu province on Nov 20. [Photo/IC]
No 4 Fenjiu
Value: 396.5 billion yuan
Fenjiu liquor is seen at a supermarket in Nantong, Jiangsu province on Oct 13, 2021. [Photo/IC]
No 3 Haitian Flavoring
Value: 471.8 billion yuan
Soy sauce products made by Haitian Flavoring are on shelves at a supermarket in Yichang, Central China's Hubei province, on Sept 22, 2020. [Photo/IC]
No 2 Wuliangye
Value: 885.8 billion yuan
Consumers look at white spirits made by Wuliangye Yibin Co Ltd at the 89th China Food & Drinks Fair, held at the Wuhan International Expo Center, in Central China's Hubei province. [Photo by Sun Xinming/For China Daily]
