Chocolate Companies: In the following paragraphs, we will talk about the top twenty chocolate companies in the world based on their sales. You can bypass our in-depth research of the global chocolate market, delectable advancements in the chocolate sector, and chocolate companies that are inventive by getting straight to the list of the top five chocolate companies in the world based on revenue.
When it comes to comfort foods, chocolate is the pinnacle. Every nation on the planet possesses its own culture and manufacture that is associated with chocolate. Regardless of the shape it takes, chocolate is a food that almost everyone enjoys, whether it is consumed as a regular part of one’s diet or as a treat every once in a while.
Chocolate Market Around the World
Cacao beans are the primary ingredient in chocolate, which is a treat called chocolate. Cacao beans are gathered, fermented, dried, roasted, and processed into cocoa mass before being converted into chocolate. If additional processing is performed, this mass has the potential to be transformed into a wide range of chocolate varieties, including milk chocolate, white chocolate, and black chocolate.
Over the past few years, there has been a significant increase in the size of the worldwide chocolate industry, which is projected to reach $119.39 billion in 2022. The key market driver continues to be the widespread awareness among consumers of the positive effects that eating chocolate of high quality may have on their health.
According to Grand View Research, the demand for chocolate that is sugar-free, vegan, organic, and gluten-free will continue to rise in the coming years, and it is anticipated that this demand will continue to increase at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030. This demand will also be a driving force behind product demand. There was an effect that the COVID-19 epidemic had on the chocolate market around the world.
According to the State of Treating Report 2021 published by the National Confectioners Association (NCA), chocolate sales climbed by 4.2% during the pandemic era that occurred in the year 2020. During the outbreak, folks stocked up on packaged and processed foods, which led to an increase in demand for chocolates. This occurred even though the government’s lockdowns made it difficult for the industry to expand. As of the year 2023, the European chocolate market was responsible for 47.41% of the total income that was generated worldwide, as stated by Grand View Research. A significant factor driving the expansion of the regional industry is the rising demand for dark chocolate among consumers in the region.
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The chocolate industry is undergoing a substantial transformation as a result of the growing knowledge of consumers. According to the annual State of Treating Report 2021 published by the National Confectioners Association (NCA), there is an anticipated increase in the market for specialty chocolate. It is becoming increasingly fashionable to purchase chocolate that is free of sugar, gluten-free, and sugar-free, as well as organic and vegan.
The popularity of single-origin and bean chocolates, which are renowned for their singular flavors, is on the rise. There is a correlation between dark chocolate and improved blood circulation, according to research conducted by organizations such as the Cleveland Clinic. This research implies that mental health awareness is affecting the amount of dark chocolate that is consumed. As a result of the fact that it undergoes the least amount of processing, black chocolate is the form of chocolate that is considered to be healthy. This is because dark chocolate contains the maximum quantity of flavonoid-high cocoa beans.
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According to Persistence Market Research, it is anticipated that sales of dark chocolate will increase from $65,615.7 million to around $1,31,934.4 million, with a compound yearly growth rate of 7.2% based on value. Mars Wrigley India 2023 has released and begun producing GALAXY FUSIONS Dark Chocolate, which boasts an astounding 70% cocoa content. This is a significant move that was made to increase the array of chocolate options that the company offers. This strategic choice would boost Mars Wrigley India’s position in the molded chocolate industry and increase the GALAXY brand range. It would accomplish this by adding a superb dark chocolate variant to the lineup.
Top 20 Chocolate Companies in the World Based on Sales
20. General Mills, Inc
Revenue in 2022: 18.993 million dollars
General Mills, Inc., which is a leading maker of packaged consumer goods in the United States, specializes in the production of flour, prepared mixes, breakfast cereals, snacks, and other products that are connected to these categories.
In addition, General Mills, Inc. is one of the largest food service producers in the world, and its headquarters are located in Minneapolis, within the state of Minnesota. A well-known brand of cereal manufactured by General Mills, Inc., Cocoa Puffs is characterized by its exceptional crunchiness, chewiness, and chocolatey flavor.
19. Crown Confectionery
Revenue for the year 2022: $311.33 million
Royal Crown Confectionery is a public confectionery firm that was established in 1947 and has its headquarters in Seoul, Korea. The manufacturing facilities of the company are situated in Anyang Gyeonggi-do and Jungrang-gu Seoul respectively. Both Big Pie and Sando are responsible for the illustrious and time-honored reputation that this biscuit brand has earned over the years.
In addition to chocolates, Crown Confectionery manufactures a wide variety of other foods, including cookies, crackers, biscuits, and several more. It is as a consequence of this that it has become one of the most successful chocolate firms in the world, with an amazing annual revenue of $311.33 million.
18. Arcor Group
Revenue in 2022: 625 million dollars
Argentine confectionery is the primary focus of the Arcor food firm, which is a food corporation. Arcor was initially a little enterprise located in the province of Cordoba. Since its inception, the company has grown to become a multinational corporation that provides a wide range of consumer goods. The business is in the business of producing confectionery, and among its products are baked goods, chocolates, nibbles, ice cream, cookies, and crackers. In addition, it manufactures agricultural products such as blended syrups, glucose, maltose, fructose, starches, sugar, oils, animal nutrition, and dairy products. Additionally, it manufactures packaging and products that are gluten-free and healthy. With over 45 manufacturing facilities located all across Latin America, Arcor Group is established as one of the most significant companies in the chocolate industry.
17. Bourbon Corporation
Revenue for the year 2022: $631.93 million
From the time it was established in 1924, Bourbon Corporation, which has its headquarters in Niigata, Japan, has made it its mission to provide customers with a wide variety of snack foods, beverages, and confectionary that are not only risk-free but also of the highest possible quality. One of the reasons that Bourbon has become such a well-known and reliable brand in Japan and other countries is because of its culture of putting the consumer first and its attention to quality control. The market share of biscuits and cookies that Bourbon holds in Japan is the largest in the world.
This business offers nutritious foods and functional foods with the goal of preventing diseases that are related with behaviors and lifestyle choices. In addition, Bourbon is responsible for the management of the Nutraceuticals Science Laboratory, the Laboratory for Advanced Health Sciences, and the New Food Research Section. Supplying convenience stores, supermarkets, and hypermarkets in China with its products is the company’s primary business strategy. Bourbon is one of the most successful chocolate companies in the world in terms of income, and Bourbon Foods USA is the company that is responsible for marketing Bourbon’s confections in the United States.
16. Moringa and Co. Ltd
2022 Revenue: $1.21 billion
In addition to being one of the most successful chocolate manufacturers in Japan, Morinaga is also a manufacturer of confections and candies. Morinaga is the manufacturer of a number of well-known confectionery products within the Japanese market, such as Dars chocolate bars and Hi-Chew sweets.
The Japanese company Morinaga & CO., Ltd., which has been producing chocolate for more than a century, is responsible for the establishment of DARS, which is considered to be one of the most well-known chocolate brands. The tradition and the techniques that have been acquired throughout this chocolate’s lengthy history are contained within every piece of this magnificent chocolate. At any time and in any location, a chocolate with a smooth tongue and a bite-sized portion will make you happy.
Morinaga & Co., Ltd. announced in 2022 that their world-famous Koeda chocolate was being made with cocoa that was supplied by the Barry Callebaut Group and was certified as having been farmed sustainably by Cocoa Horizon. In addition, the product packaging of Koeda Chocolate has been revitalized, with a focus placed on the use of environmentally friendly materials.
15. August Storck KG
Revenue in 2022: 1.70 billion dollars
The German candy firm August Storck KG, which also has offices in Denmark and Germany, has its headquarters in Berlin with its headquarters. The chocolates that August Storck produces are well-known, in addition to the sweets that they produce.
The Bendicks, Riesen, and Toffifay chocolate products are the ones that have the most sales for this particular company. In addition, this company is solely responsible for the production of a number of chocolate products, including Moser-Roth and Chateau chocolate, especially for the supermarket chain Aldi.
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14. Ezaki Glico Group
Revenue to be $2 billion in 2022
One of the most well-known confectionery and snack manufacturers in Japan, Glico was established in Osaka in the year 1932. Internally, the corporation is divided into five distinct business divisions. Chocolate, retorts, gum, biscuits, and snacks are some of the categories of items that are included in the food and confectionery sector.
Glico’s most popular product is Pocky, which is a chocolate-covered biscuit stick that combines the perfect balance of chocolatey smoothness and biscuit crunchiness. Since its inception in 1966 in Japan, Pocky has developed into one of the most popular chocolate snacks in Asia because of its popularity. In terms of chocolate production, it is among the most significant in the world.
13. Orion Confectionery (Korea)
The revenue for 2022 is $2.16 billion.
Alongside Lotte Confectionery, Orion is now considered to be one of the largest confectioners in South Korea. More of the conglomerate’s products are distributed and sold in international markets than they are in the domestic market. The Pokachip potato chips and Choco Pie cakes that Orion is famous for have helped the company diversify its product line in recent years. The company now primarily operates in the United States of America, China, Vietnam, and Russia.
12. Pladis (UK)
Taxes collected in 2022: $2.50 billion
In the United Kingdom, Pladis is a privately held company that manufactures sweets and snack items. It has 25 bakeries located in 11 different nations, and it distributes its snacks to around 4 billion clients all over the world. Three thousand four hundred of the company’s four hundred employees are located in the United Kingdom and are employed in production sites located all around the country.
Godiva Chocolate is a premium chocolate manufacturer that is owned by Pladis and is well-known for the sumptuous chocolate products that it produces. Godiva is the most well-known brand of chocolate that Pladis creates, despite the fact that the company produces a variety of chocolate products. Therefore, Pladis is one of the companies that produces the chocolate bar that is ranked number one.
11. Haribo GmbH
The revenue for 2022 is $2.95 billion.
Dedicated to the production of confectionery items, Haribo is one of the most established chocolate shops in Germany anywhere in the world. They have a number of claims to fame, one of the most notable of which being that they invented gummy bears and, more generally, gummy candy in general. Licorice, Happy Cola candies, and Chamallow (chocolate marshmallow) products are some of the most well-known products that Haribo offers.
10. Perfetti Van Melle
The revenue for 2022 is $3.22 billion.
In 2001, the Italian company Perfetti Spa purchased the Dutch company Van Melle, which resulted in the establishment of Perfetti Van Melle, which is now considered to be one of the most successful candy manufacturers in the world. It is possible that you are familiar with Perfetti Van Melle because of their chocolate products, Chupa Chups lollipops, or Airheads taffy. Additionally, they have a number of mint and gum brands that are quite well-liked, such as Mentos.
9. Lindt and Sprungli
The revenue for 2022 is $5.67 billion.
Lindt and Sprungli have been in the premium chocolate business for more than 175 years, and throughout that time they have established themselves as one of the most successful companies in the market. The Swiss company is widely recognized as one of the most well-known chocolatiers in the industry. It is available in more than 120 countries across the globe and offers a wide variety of products.
The chocolate company Lindt and Sprungli, which is widely considered to be among the most cherished chocolate firms, has been delivering joy to people all over the world with their bars and tiny single pieces in a variety of tastes, including milk chocolate, peanut butter chocolate, mint chocolate, and many more. The luxury chocolate brand known as Lindt, which is made with cacao of the best possible quality, continues to be the company’s most important brand on a global scale. Several chocolate manufacturers, including Lindt and Sprungli, are among the most well-known.
8. Meiji Co, Ltd.
The revenue for 2022 is $6.77 billion.
A Japanese firm known as Meiji is responsible for the production of chocolates, pharmaceuticals, and various snack foods. Although Meiji products might not be as well-known to audiences in the United States as they are to candy fans in Japan, this might alter in the years to come. This company is showing no signs of slowing down in its expansion efforts, and by the year 2022, it will have reached a staggering yearly revenue of $6.77 billion, making it one of the largest chocolate companies in the world. Among the top 20 chocolate companies in the world in terms of revenue, Meiji is one of them.
Crispy biscuits and chocolate, among other tastes, are among the most popular goods offered by Meiji sweets. Other kinds of chocolate are also available. Kinoko no Yama, Yan Yan, and Hello Panda are all included in this classification of their Meiji works.
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7. Barry Callebaut.
The revenue for 2022 is $9.23 billion.
Barry Callebaut has been in the chocolate industry for more than 150 years, making it one of the most prominent producers of premium chocolate and cocoa goods on a global scale. Having activities in about 45 countries and more than 65 production sites, this Swiss corporation has over 13,000 employees working in different nations across the world. The Belgian chocolate maker Callebaut and the French company Cacao Barry came together in 1996 to form this corporation, which was founded as a result of the amalgamation. Barry Callebaut is the owner of a number of different brands, including Chocovic, Caprimo, and Callebaut.
6. Hershey Company
The revenue for 2022 is $10.42 billion.
The Hershey Company is one of the largest makers of chocolate in the world, both in terms of sales and popularity. The company has more than 90 different brands among its offerings. The company doesn’t just sell beverages like milkshakes and baked goods like cookies and cakes; it also manufactures other products in addition to selling those products.
The Hershey Company Milk Chocolate, with its brown and silver wrapper, was probably one of the most well-known candy bars produced in the United States during the 20th century. Hershey’s Kisses, Reese’s Peanut Butter Cups, and Hershey’s milk chocolate are the three products that have garnered the greatest attention from consumers. To put it simply, The Hershey Company is one of the most successful chocolate companies in the world.
5. Lotte Corp
The revenue for 2022 is $10.62 billion.
The Lotte Corporation, which is a Korean conglomerate, is responsible for the operations of multiple firms through its affiliates and subsidiaries. Food, retail, chemical manufacturing, and tourist and service are the four key market segments that the LOTTE Group operates in. In comparison to the other four, LOTTE Food is most well-known for the confections and beverages that it produces. The acquisition of Guylian, a premium brand of Belgian chocolate, by LOTTE in 2008 signified the successful entry of the firm into the international chocolate sector.
However, this was not the only acquisition that the company made. In the year 2014, it formed a partnership with Nestle, the largest food company in the world, and in the year 2017, it acquired Havmor, the most well-known ice cream brand in India. In 2014, LOTTE paid a total of $69.2 million to acquire “Mayson,” which turned out to be the most successful confectionery firm in Myanmar.
4. Ferrero Group
The revenue for 2022 is $11.94 billion.
Ferrero Group is a public limited company based in Italy that concentrates on the production of chocolate and confectionery goods. Nutella is the principal product that the majority of people associate with Ferrero company. Ferrero is credited with the creation of this chocolate hazelnut spread, which was allegedly born out of a desire to reduce the amount of money spent on chocolate.
Ferrero is one of the chocolates that is the most popular and sells the most all over the world. The Kinder brand line, Tic Tac candies, and Ferrero Rocher chocolates, which include Nutella, are some of the most well-known consumer goods produced by this company. According to Euromonitor International Limited 2022, Nutella is the chocolate spread that is consumed the most all across the world, and Ferrero is the third-largest chocolate confectionery firm in the world.
3. Mondelez International
The revenue for 2022 is $31.50 billion.
Mondelez is a multinational firm that, in addition to producing chocolates, also manufactures a variety of food and beverage products. Mondelez is the owner of a wide variety of chocolate brands, including Toblerone, Cadbury, Milka, and many others. It’s also possible that you recognize them from well-known brands like Oreo and Chips Ahoy chips. There are around 160 countries throughout the world in which Mondelez works. The company’s headquarters are located in the greater Chicago area.
2. Mars Wrigley Confectionery
The revenue for 2022 is $47 billion.
Mars Wrigley Confectionery has been continuously expanding since its establishment in 1911, and it is now one of the largest food firms in the world. From the kitchen of his home in Tacoma, Washington, Frank C. Mars initiated the entrepreneurial endeavor. Pet care, food, Mars Wrigley, and Mars Edge are the four sectors of the company’s business that are now actively operating. Mars is now widely recognized as a result of the company’s success in grabbing a sizeable piece of the chocolate business all over the world.
It is important to keep in mind that Mars is far larger than Hershey’s. M&Ms, Mars bars, Snickers, and the Three Musketeers are some of the most well-known chocolate products that the company brings to the market. Milky Way, Skittles, Dove, and Twix are the flavors. Mars, a multinational food corporation based in the United States, announced in 2023 that it intends to acquire Hotel Chocolat, a confectionery company based in the United Kingdom, for a sum of $662 million.
1. Nestle
Revenue for the year 2022: $108.13 billion
In terms of revenue, Nestle is the most successful chocolate company in the world, and it holds the first spot on the list of the largest chocolate firms in the world. Nestle, the world’s biggest chocolate company, has an incredible yearly revenue of $108.13 billion. Its global operations span 188 countries and employ around 275,000 people all over the world. Nestle is the most profitable chocolate company in the world. There is a Nestle headquarters in Vevey, which is located in Switzerland.
The latter is a firm that specializes in health, nutrition, and wellbeing. It manufactures and sells a broad variety of items, such as chocolates, milk products, snacks, and cooking instruments, in addition to prepared cuisine. The company offers a diverse selection of products in its catalog. Kit Kat, Butterfinger, Cailler, Crunch, Smarties, Toll House, Orion, and Wonka are just some of the well-known chocolate goods that have helped propel the company to the top of the chocolate industry.
