In 2023, Mars Wrigley Confectionery was the leading chocolate and cocoa manufacturer worldwide, with net sales of 22 billion U.S. dollars. Ferrero Group and Mondelēz rounded out the top three companies, both exceeding ten billion U.S. dollars in net sales.
Mars Wrigley Confectionery
Mars Wrigley is an American-based company started in 1893 with two types of chewing gum, Juicy Fruit and spearmint, that are still in production today. Since its founding, the company expanded to produce chocolates and other confectionery products, rice, and pet foods. Many of the chocolate snacks are well-known internationally, including M&Ms, Snickers, Twix, and Dove chocolates.
Global cocoa production
To accommodate the production of so many chocolate snacks, global production has generally increased since 1980. In 2021/22 an estimated 4.8 million tons of cocoa were produced worldwide, compared to just about 1.7 million tons in 1980/81. As cocoa production has increased, prices have fluctuated over the past 15 years. Prices have ranged from 2.03 to 3.14 U.S. dollars per kilogram over this period.
FAQs
In 2023, Mars Wrigley Confectionery was the leading chocolate and cocoa manufacturer worldwide, with net sales of 22 billion U.S. dollars. Ferrero Group and Mondelēz rounded out the top three companies, both exceeding ten billion U.S. dollars in net sales.
What is the largest chocolate company in the world 2023? ›
In 2023, Mars Incorporated was the world's leading confectionery company, with generated sales of around 22 billion U.S. dollars. While the company is known for its candy and chocolate brands, Mars also focuses on pet care products and affordable meals.
Who is the world's largest chocolate manufacturer? ›
Largest Chocolate Companies Research Summary
The largest chocolate company in the world is Mars Wrigley Confectionery, with a net sales of $20.0 billion. As of 2023, the global chocolate industry has a market size of $62.4 billion. Over 7.5 million tons of chocolate was sold around the world in 2022.
Who produces the most chocolate in the world? ›
About 70 percent of the world's cocoa beans come from four West African countries: Ivory Coast, Ghana, Nigeria and Cameroon. The Ivory Coast and Ghana are by far the two largest producers of cocoa, accounting for more than 50 percent of the world´s cocoa.
What are the 4 biggest chocolate companies? ›
According to self-described fair trade proponents including Ghanaian cooperative Kuapa Kokoo, "Big Chocolate" companies are Mondelez (which owns Cadbury), Mars, Nestlé, and The Hershey Company. Together these companies process about 12% of the world's 3 million tons of cocoa each year.
What are the top chocolate companies in 2023? ›
The Best Chocolate Brands 2023
- Chaleur B Chocolat (Canada)
- Feliu Chocolate (Mexico)
- McGuire Chocolate Company (Canada)
- Meybol Cacao (Germany)
- Pacari Chocolate (Ecuador)
- PARADAi Chocolate (Thailand)
- Sierra Sagrada Chocolate (Colombia)
- SLOK Chocolate (Hong Kong)
Hershey's U.S. sales topped $7 billion out of around $8 billion global sales in 2019. However, Mars, a privately-held company headquartered in Chicago, Illinois, is by far the world's leading confectionery company with up to $37 billion in annual revenue.
What is the number 1 chocolate company in the US? ›
The Hershey Company (NYSE:HSY) is the most popular brand in America for chocolate confectionery, having more than 33% share of the entire chocolate market in the country.
What is the second largest chocolate company in the world? ›
Ferrero is a manufacturer of branded chocolate and confectionery products, and the second biggest chocolate producer and confectionery company in the world. Ferrero SpA is a private company owned by the Ferrero family and has been described as "one of the world's most secretive firms".
What is the number 1 most selling chocolate? ›
Snickers is the top-selling candy bar in the United States and is produced by Mars, Inc. This classic chocolate bar is made with nougat, caramel, and peanuts, and it has been a favourite among Americans since its introduction in 1930.
Switzerland holds the distinction of consuming the most chocolate per capita. The Swiss are renowned for their love of chocolate, a reputation well-supported by statistics showing their high consumption levels.
What is the most successful chocolate brand? ›
With more than 90 brands, The Hershey Company (NYSE:HSY) is one of the biggest producers of chocolate in the world by revenue as well as popularity. In addition to selling beverages like milkshakes and baked goods like cookies and cakes, the company also produces other goods.
Who owns Ghirardelli? ›
The Ghirardelli Chocolate Company is an American confectioner, wholly owned by Swiss confectioner Lindt & Sprüngli. The company was founded by and is named after Italian chocolatier Domenico Ghirardelli, who, after working in South America, moved to California.
Is Mars bigger than Nestle? ›
Mars's brand is ranked #61 in the list of Global Top 100 Brands, as rated by customers of Mars. Their current valuation is $31.60M. Nestle USA's brand is ranked #141 in the list of Global Top 1000 Brands, as rated by customers of Nestle USA. Their current valuation is $315.74B.
What is the second biggest chocolate company? ›
Ferrero. This Italian food company is the second-biggest chocolate producer in the world. Ferrero has been described as 'one of the world's most secretive' companies.
