Hurun Research Institute released China's top 100 most valuable consumer goods companies on March 23, ranking private companies headquartered in China by market value as of March 9 or by the latest estimated value for unlisted ones. Companies on the list totaled 9.86 trillion yuan ($1.51 trillion), with a value of at least 14 billion yuan.

"China's big consumer goods companies are getting bigger, over 70 percent companies on the list are also included in the Hurun China top 500 companies, and more than 10 percent on the global top 500 list," said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

Let's take a look at the top 10 private companies in consumer goods by value in China.

No 10 Anta

Value: 265 billion yuan

No 9 Great Wall Motors

Value: 270 billion yuan

No 8 Gree

Value: 350 billion yuan

No 7 Nongfu Spring

Value: 380 billion yuan

No 6 Nio

Value: 420 billion yuan

No 5 Xiaomi

Value: 460 billion yuan

No 4 BYD Auto

Value: 490 billion yuan

No 3 Haitian Flavoring

Value: 500 billion yuan

No 2 Midea

Value: 580 billion yuan

No 1 Huawei

Value: 1.1 trillion yuan