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SINGAPORE – Food Empire Holdings Limited (“Food Empire”, together with its subsidiaries, the “Group”) has been named in the 2025 Fortune Southeast Asia 500 list, joining the ranks of the region’s largest 500 companies by revenue¹. This marks the Group’s first inclusion on the list. To be considered for inclusion, a company must be headquartered in Southeast Asia and must publish or provide audited financial statements. The 2025 list includes publicly-listed, privately-owned companies and state-owned enterprises.
Food Empire achieved four consecutive years of record revenue growth from 2020 to 2024 at a compound annual growth rate of 14.9%. For the full financial year ended 31 December 2024 (“FY2024”), the Group’s topline rose 11.9% year-on-year to a new high of US$476.3 million.
Food Empire, Chief Execufive Officer, Mr Sudeep Nair, said: “Food Empire’s inclusion in the Fortune 2025 Southeast Asia 500 rankings validates a pivotal decision we made to strategically deepen our roots in this dynamic region.
“We are honoured to be ranked among Southeast Asia’s top 500 companies. This milestone affirms our strategic direction and our ability to identify and capture growth opportunities. With a robust distribution network, strong brands and market-leading position across our markets, we are poised to further solidify our presence in emerging Asia.”
Food Empire has a strong expansion pipeline to support its future growth
The Group has nine production facilities currently and it is on track to open a new coffee-mix production facility in Kazakhstan by the end of 2025.
In Southeast Asia, the Group has completed the expansion of the snack manufacturing facility and the new production line is expected to be ready for commercial operation by the end of third quarter of 2025. The Group has also announced its plan to establish a freeze-dried soluble coffee manufacturing facility in Binh Dinh province in Vietnam.
When completed by 2028, the Vietnam facility will be the Group’s second freeze-dried soluble coffee manufacturing facility and it is expected to position Food Empire as one of Asia’s major players in freeze-dried soluble coffee when completed.
About Food Empire Holdings Limited
SGX Mainboard-listed Food Empire Holdings (“Food Empire” or together with its subsidiaries, the “Group”) is a multinational food and beverage manufacturing and distribution group headquartered in Singapore. With a portfolio spanning instant beverages, snack foods, and a growing presence in food ingredients, Food Empire’s products are sold in over 60 countries across North Asia, Eastern Europe, Southeast Asia, South Asia, Central Asia, Middle East, and North America.
Supported by 9 manufacturing facilities in 6 countries and 23 offices worldwide, Food Empire offers an enticing range of branded beverages and snacks, including classic and flavoured coffee mixes and cappuccinos, chocolate drinks, flavoured fruity teas, bubble tea, instant cereal blends, and potato chips. Its food ingredients business features the finest spray-dried and freeze-dried soluble coffee, as well as nondairy creamer.
Food Empire owns a family of proprietary brands – including MacCoffee, CaféPHỐ, Petrovskaya Sloboda, Klassno, Hillway, and Kracks. MacCoffee – the Group’s flagship brand – has been consistently ranked as the leading 3-in-1 instant coffee brand in the Group’s core markets.
The Group employs innovative brand-building activities, localised to match the flavour of the local markets in which its products are sold
Since its public listing in 2000, Food Empire has won numerous accolades and awards including being recognised as one of the “Most Valuable Singapore Brands” by IE Singapore (now known as Enterprise Singapore), while MacCoffee has been ranked as one of “The Strongest Singapore Brands” and CaféPHỐ received “Top Brand” Award by Influential Brands. Forbes Magazine has thrice named Food Empire as one of the “Best Under a Billion” companies in Asia and the company has also been awarded as one of Asia’s “Top Brands” by Influential Brands.
In recognition of its commitment to sustainability, Food Empire received the Sustainability Award at the 20th Securities Investors Association (Singapore) Investors’ Choice Awards 2019. For business excellence, the Group was named Winner of The Enterprise Award at the Singapore Business Awards 2020/2021 and was included in the 2025 Fortune Southeast Asia 500 list.
For more information, please refer to: www.foodempire.com
¹ Based on total revenue, converted to U.S. dollars, for the latest fiscal year-end on, or before, December 31, 2024; Food Empire’s financial year ends on 31 December.
