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Hormel Foods Corporation (HRL) |
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Hormel Foods's Comment on Competitors and Industry Peers
The production and sale of meat and food products in the United States and internationally
are highly competitive. The Company competes with manufacturers of pork and turkey
products, as well as national and regional producers of other meat and protein
sources, such as beef, chicken, fish, and peanut butter. The Company believes
that its largest domestic competitors for its Refrigerated Foods segment were
Tyson Foods, Inc. and Smithfield Foods, Inc.; for its Grocery Products segment,
ConAgra Foods, Inc., General Mills, Inc., Campbell Soup Co., and J. M. Smucker
Co.; and for JOTS, Cargill, Inc. and Butterball, LLC.
All segments compete on the basis of price, product quality and attributes, brand
identification, breadth of product line, and customer service. Through aggressive
marketing and strong quality assurance programs, the Company’s strategy
is to provide higher quality products that possess strong brand recognition, which
would then support higher value perceptions from customers.
The Company competes using this same strategy in international markets around
the world.
Overall company Market Share Q2 2021 |
Due to strong revenue growth of 20.25 % in Overall company Hormel Foods Corporation improved its market share, to approximate 2.69 %.
<< More on HRL Market Share.
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*Market share calculated with total revenue.
HRL's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Hormel Foods Corporation |
10,352 |
23,463 |
862 |
20,400 |
| Conagra Brands Inc |
11,601 |
15,181 |
1,207 |
32,900 |
| The Clorox Company |
7,231 |
21,609 |
445 |
7,700 |
| Campbell Soup Company |
8,476 |
12,705 |
1,002 |
19,400 |
| Ingredion Inc |
6,732 |
6,531 |
173 |
1,100 |
| J and j Snack Foods Corp |
1,145 |
2,727 |
56 |
2,300 |
| Kraft Foods Group, Inc. |
31,893 |
0 |
2,715 |
22,100 |
| Lancaster Colony Corporation |
1,510 |
4,336 |
136 |
2,700 |
| Mccormick and Co Inc |
6,146 |
23,096 |
759 |
10,000 |
| Mamamancini s Holdings Inc |
36 |
79 |
1 |
500 |
| Omega Protein Corp |
342 |
494 |
19 |
627 |
| Trident Brands Incorporated |
0 |
1 |
50 |
1 |
| Treehouse Foods Inc |
4,339 |
2,155 |
51 |
5,880 |
| Zivo Bioscience Inc |
0 |
32 |
-8 |
2 |
| Agritech Worldwide, Inc. |
0 |
0 |
0 |
14 |
| Renmin Tianli Group, Inc. |
28 |
14 |
1 |
310 |
| Kellogg Company |
14,225 |
21,829 |
1,269 |
29,790 |
| Kraft Heinz Co |
26,272 |
43,272 |
2,313 |
42,000 |
| Pinnacle Foods Inc. |
13 |
7,987 |
34 |
4,300 |
| Planet Green Holdings Corp |
17 |
34 |
-7 |
0 |
| Pilgrim s Pride Corporation |
13,857 |
6,901 |
-5 |
29,100 |
| Seaboard Corporation |
8,755 |
4,529 |
714 |
10,772 |
| Smithfield Foods Inc |
0 |
0 |
0 |
50,236 |
| Sara Lee Corporation |
0 |
0 |
0 |
0 |
| Tyson Foods Inc |
47,049 |
29,608 |
3,060 |
124,000 |
| U s Premium Beef Llc |
0 |
0 |
298 |
8,400 |
| Amplify Snack Brands, Inc. |
339 |
922 |
11 |
45 |
| B and g Foods inc |
1,995 |
1,998 |
84 |
2,003 |
| Bridgford Foods Corporation |
228 |
105,654 |
0 |
507 |
| Chase General Corp |
3 |
0 |
0 |
19 |
| Dupont De Nemours Inc |
17,634 |
40,258 |
6,519 |
63,000 |
| Dean Foods Co |
7,329 |
4 |
-466 |
0 |
| Flowers Foods Inc |
4,370 |
5,641 |
223 |
10,900 |
| General Mills Inc |
18,303 |
38,579 |
2,338 |
42,000 |
| Hershey Co |
8,830 |
36,991 |
1,434 |
20,800 |
| Landec Corporation |
537 |
255 |
-31 |
522 |
| Mondel z International Inc |
28,360 |
85,162 |
4,451 |
104,000 |
| Mead Johnson Nutrition Co |
7,341 |
18,307 |
653 |
7,200 |
| Mannatech Incorporated |
159 |
78 |
8 |
290 |
| Natural Alternatives International Inc |
177 |
83 |
12 |
177 |
| Nutraceutical International Corp |
240 |
387 |
14 |
810 |
| Pepsico Inc |
76,681 |
223,823 |
8,197 |
271,000 |
| Procter and Gamble Co |
79,242 |
377,361 |
15,521 |
110,000 |
| Post Holdings Inc |
6,227 |
6,691 |
207 |
8,700 |
| Rocky Mountain Chocolate Factory Inc |
31 |
55 |
3 |
300 |
| Seneca Foods Corporation |
1,396 |
484 |
113 |
0 |
| The J M Smucker Company |
7,905 |
14,198 |
768 |
7,370 |
| Inventure Foods, Inc. |
192 |
79 |
-67 |
1,100 |
| Synutra International, Inc. |
345 |
0 |
24 |
2,600 |
| Tootsie Roll Industries Inc |
561 |
2,153 |
70 |
0 |
| SUBTOTAL |
468,441 |
1,185,745 |
55,232 |
1,077,875 |
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