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Mars Food has unveiled a new five-year strategy that will see it reformulate products and introduce labelling initiatives aimed at helping combat rising obesity levels.

The strategy, named Mars Health and Wellbeing Ambition, focuses on the company's meal-oriented brands Masterfoods, Dolmio, Kan Tong and Uncle Ben's.

In addition to adding Health Star Ratings, Mars plans to highlight the difference between ‘everyday meals’ and ‘occasional products’ on-pack.

Recipes on Mars product labels, and in-store promotions, will meet nutrition criteria and encourage an increased consumption of vegetables, whole grains and lean proteins.

Two examples of the changes include sodium reduction in Dolmio tomato-based pasta sauce, and sugar reduction in Kan Tong sweet and sour sauce.

Mars will also start rolling out Health Star Ratings on its products from early 2017, and these will extend across ranges by mid-2018.

Food & Drink Business

Australia’s native food industry has received a boost – with Indigenous-owned Cooee Foods Australia acquiring native ingredients suppliers, Creative Native Foods – placing it under First Nations ownership for the first time in its 25 years.

The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Europacific Partners (#3), Asahi (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.