Nestlé remains the world's most valuable food brand at $20.8 billion while Lay's rises to second place, valued at $12 billion, Brand Finance Food & Drink 2024 report said. Chinese dairy products maker Yili holds the third spot. It's followed by Tyson Foods, Danone, Quaker, Kellogg's, Mars Wrigley, Mengniu Dairy and Doritos. Amul was named the world's strongest food brand.