When buying soft drinks, which brand do you choose: 7Up, Dr Pepper or Schweppes? It doesn’t matter. Your choice is just an illusion, since you’re still buying from a single company that makes all these brands – Dr Pepper.
The same is true for other product groups like coffee, butter or soda. In the competition for a slice of America’s $603-Billion grocery business there are only 4 big companies that count in each product category. Alex Hillsberg of FinancesOnline.com analyzed food reports from US Department of Agriculture and other credible sources and gathered the findings in a new infographic that paints a very grim picture of the food industry today.
For instance, did you know that:
- Quaker Oats, which you may view as a healthy food, is produced by PepsiCo, a company which is known for its notorious love for junk food.
- 91% of the soda market is owned by only Coca-Cola, PepsiCo and Dr Pepper Group?
- Nestle is the world’s largest food company and owns almost 8,000 brands?