In this article, we are going to discuss the Top 5 Chocolate Companies in the World by revenue. If you want to check out our detailed analysis of the global chocolate market, sweet innovations in the chocolate industry, and chocolate companies being innovative, head to Top 20 Chocolate Companies in the World by Revenue.
5. Lotte Corp
2022 Revenue: $10.62 billion
The Korean conglomerate Lotte Corp. (Lotte) operates several companies through its affiliates and subsidiaries. The four primary sectors of the LOTTE Group are food, retail, chemicals, and tourism/service. LOTTE Food is primarily recognized for its confections and drinks out of the four. The purchase of Guylian, a premium brand of Belgian chocolate, by LOTTE in 2008 marked the company’s successful entry into the international chocolate industry, but it wasn’t the company’s only acquisition. It established a joint venture with the world’s largest food firm, Nestle, in 2014, and bought India’s most well-known ice cream brand, Havmor, in 2017. The top confectionery company in Myanmar, “Mayson,” was acquired by LOTTE in 2014 for a sum of $69.2 million.
4. Ferrero Group
2022 Revenue: $11.94 billion
Ferrero Group is an Italian public limited corporation that produces chocolate and confectionery products. The primary item that most people connect with Ferrero is Nutella. This chocolate hazelnut spread is credited to Ferrero; it was purportedly started as a way to save money on chocolate. Ferrero is one of the number 1 most selling chocolate in the world. This brand is well known for its Kinder brand line, Tic Tac candies, and Ferrero Rocher chocolates, which include Nutella. According to Euromonitor International Limited 2022, Nutella is the most popular chocolate spread worldwide, and Ferrero is the third-largest chocolate confectionery company.
3. Mondelez International
2022 Revenue: $31.50 billion
Mondelez is an international corporation that produces food and beverage items in addition to candies. Toblerone, Cadbury, Milka, and many other chocolate brands are owned by Mondelez. You may also know them from iconic brands such as Oreo and Chips Ahoy. Mondelez operates in more than 160 nations worldwide. The greater Chicago area is home to the company’s headquarters.
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.
1. Nestle SA
2022 Revenue: $108.13 billion
Nestle is an established company that comes in first place on the list of the largest chocolate companies in the world by revenue. Nestle boasts an astounding $108.13 billion in income annually, with its global activities spanning 188 countries and employing around 275,000 people worldwide, making it the leading chocolate company that makes the most money. Nestle’s headquarters are located in Vevey, Switzerland. The latter is a health, nutrition, and wellness company that produces and sells a wide range of goods, including chocolates, milk products, snacks, and cooking tools, in addition to prepared foods. It has a wide range of products in its lineup. Its celebrated chocolate products, including Kit Kat, Butterfinger, Cailler, Crunch, Smarties, Toll House, Orion, and Wonka, are what elevate it to the top of the chocolate business.
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