Tyson Foods was also under scrutiny this year when officials revealed that more than half of the workers at its Perry plant in Iowa tested positive with Covid-19.

JBS has found itself at the center of coronavirus-related controversies in 2020.

AB InBev, the Belgian-Brazilian multinational drink and brewing company which owns brands including Budweiser, Stella Artois and Beck’s, took a $2.5 billion write-down in the value of its African operations due to market risks, as its Q2 earnings were significantly hit as a result of the Covid-19 pandemic.

Holding a firm second position, PepsiCo reported a 3.1% decline in net revenue in its second quarter results, yet admitted it has continued to see "resiliency" in its global snacks and food business.

Clinching the top spot once again is Nestle; however, the Swiss food giant was not immune to the impacts of the Covid-19 pandemic this year.

Food Engineering’s annual ranking of the 100 largest food and beverage companies in the world, exclusively sponsored by CRB.

Nestle, PepsiCo and Anheuser-Busch InBev hold on to the top three spots.

Pepsi, Coca-Cola, Mars, Cargill among top companies.

A candy maker, a Brazillian food maker and two soda companies are among the top 5.