Chocolate companies: market share worldwide 2016 | Statista (2024)

FAQs

What is the global chocolate market size? ›

The global Chocolate market size was valued at USD 128195.22 million in 2022 and is expected to expand at a CAGR of 5.08% during the forecast period, reaching USD 172538.62 million by 2028. Chocolate is a typically sweet, usually brown, food preparation of roasted and ground cacao seeds.

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.

In the United States, the Hershey Company had a 43.8 and 38.2 percent share in the chocolate and mint markets, respectively. In 2020, the company spent a total of 517 million U.S. dollars on advertising worldwide, whereas Nestlé spent nearly 2.4 billion U.S. dollars that year on advertising in the United States.

Named the Best Chocolate in the World by National Geographic Magazine, Teuscher delivers a divine chocolate experience resulting from years of chocolate passion and tradition.

According to Marketresearch.biz, the industrial chocolate market is marked by robust competitiveness, led by major players like Mars Incorporated, Ferrero International, Mondelez International Inc., Hershey's Chocolate, and Nestle.

The U.S. chocolate confectionery market is estimated to be worth 53.46 billion U.S. dollars, only expected to grow in the coming years. The country is also the worldwide leading importer of chocolate and products with chocolate. Imports of this nature amount to over 3.8 billion U.S. dollars annually.

Cadbury, formerly Cadbury's and Cadbury Schweppes, is a British multinational confectionery company owned by Mondelez International (originally Kraft Foods) since 2010. It is the second-largest confectionery brand in the world, after Mars.

What chocolate brands are in the US market share? ›

Market Share of us chocolate Industry

The US Chocolate Market is fairly consolidated, with the top five companies occupying 67.56%. The major players in this market are Chocoladefabriken Lindt & Sprüngli AG, Ferrero International SA, Mars Incorporated, Mondelēz International Inc.

The premium segment accounts for about 15% of the global chocolate market, with Lindt's market share estimated at 30%. The company's mission is to 'enchant the world with chocolate,' emphasizing the importance it places on delighting consumers with its products.

Cadbury, with its 10.4% global market share is better bargaining position with suppliers compared to Hershey, which has only a 5.1% share.

Snickers is the top selling candy bar in the U.S., with over $400 million in annual sales. Hershey's Milk Chocolate ranks second in annual U.S. sales, earning over $300 million each year.