Report Thursday 2nd November 2023

The OC&C Global 50 2023

Inside the report

The OC&C

Global 50

produced in conjunction with The Grocer, tracks the performance of the world’s 50 largest consumer goods businesses.

For the second year in a row, the global top 50 achieved

decade high

revenue growth.

However, soaring input costs still put pressure on margins - and only

17

 of the Global 50 successfully grew both revenue and margin.

34

of the global 50 saw absolute EBIT growth between 2021-22.

Global 50 share prices outperformed the majority of sectors, with a 1% decrease in share price, compared to a

39%

fall in the technology sector.

75%

of the global 50 reduced marketing as a percentage of revenue.

30%

of the Global 50 mentioned they were actively using AI in 2022 annual reports.

of

2022 was a year of rampant inflation – but the largest consumer goods businesses were able to drive record revenue growth by successfully passing on significant price increases.

Organic volumes also remained consistent, up 0.8% from last year, but this wasn’t enough for businesses to fully escape the impact of rapidly rising input costs…

Our annual OC&C Global 50 report, now in its 21st year, is an independent snapshot of the financial performance of these businesses.

From emerging trends to thriving sub-sectors, we’ve analysed global industry themes, stand-out performers and the smartest ways to stay ahead of the curve in this ever-evolving landscape.

We’ve also identified five key strategic questions every FMCG business should be asking to ensure long-term success and survival.

What we cover in this report

  • How has the recent economic upheaval impacted your categories and consumers?
  • What value creation levers can you pull to maximise margin recovery as input costs come down?
  • Where should you place bets within your portfolio to drive growth over the medium term?
  • What opportunities and threats does Gen AI present across your value chain?
  • Now that we have set ambitious ESG targets - What is the pathway for achieving these?

Key Contacts

Will Hayllar

Will Hayllar

Global Managing Partner

Claire Dannatt

Claire Dannatt

Partner

Suggested reports

View all reports
Image of old vine with new shoots representing growth.

Friday 15th November 2024

The Global 50

Our annual Global 50 report, now in its 22nd year, provides an independent snapshot of the financial performance of the world’s FMCG powerhouses, uncovering...
Read the report

Thursday 19th January 2023

Opportunities & New Frontiers in Pet

In our latest consumer insight, we partner with global investment bank and M&A specialist Harris Williams to dig deep into the pet market.
Read the report

Tuesday 6th December 2022

The big squeeze

In collaboration with our long-standing partners The Grocer, we’re delighted to share our annual Food and Drink Top 150 report. Despite having to adapt...
Read the report

Monday 10th October 2022

The OC&C Global 50 2022

In our 20th edition of the Global 50 report, we take a look at how the world’s 50 largest FMCG businesses have fared whilst...
Read the report