Top 5 Chocolate Companies in the World by Revenue

2. Mars Wrigley Confectionery 

2022 Revenue: $47 billion

Since its founding in 1911, Mars Wrigley Confectionery has grown to rank among the biggest food companies globally. Frank C. Mars launched the business from his kitchen in Tacoma, Washington. The company currently runs four business segments: pet care, food, Mars Wrigley, and Mars Edge. Due to the company’s success in capturing a sizable portion of the global chocolate industry, Mars is now widely recognized. It is pertinent to note that Mars is bigger than Hershey’s. Among its most well-known chocolate offerings are M&Ms, Mars bars, Snickers, and the Three Musketeers. Skittles, Dove, Twix, and Milky Way. American food giant Mars announced in 2023 that it plans to acquire British confectioner Hotel Chocolat for $662 million to expand the company’s global reach.