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Despite the unbelievable challenges the past few years have thrown in the way—pandemic, labor shortages, supply-chain issues, global economic drama—the snack and bakery products industry is still thriving. Consumers remain hungry for bread, chips, doughnuts, pretzels, muffins, and other treats—and companies remain ready to provide them.
However, this resilience may not be such a huge surprise to those familiar with the snack and baking business, especially considering the longevity of some of the companies appearing on the Top 50 Snack & Bakery Companies of 2022. Take the No. 1 ranked company, Nestlé S.A., for example—founded back in 1866, the global producer has endured through recessions, depressions, multiple world wars, and other serious storms, surviving to achieve annual revenue of $99 billion in 2021.