Top 9 Companies Dominating the Global Chocolate Market

Mars, Incorporated, Mondelez International, Inc., Ferrero International, Nestle S.A., The Hershey Company, Chocoladefabriken Lindt & Sprungli AG, August Storck KG, LOTTE Corp., United Confectionary, SLU, Godiva Chocolatier, Inc., Ghirardelli Chocolate Company, Meiji Holdings Co., Ltd., Arcor Group, and Barry Callebaut AG, among others, are the major players in the global chocolate market.

The global chocolate market reached a value of about USD 133.32 billion in 2023. The market is assessed to grow at a CAGR of 4.4% in the forecast period of 2024-2032 to reach a value of around USD 196.43 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for premium confectionery products and growing preference for the same over traditional sweets among consumers. This is also being supported by growing innovations by manufacturers to cater to evolving consumer demands, including the launch of chocolates with reduced sugar content.

Chocolates loaded with healthy ingredients such as dry fruits are also gaining traction among health enthusiasts. Moreover, the heightening consumption of dark chocolates is further adding to the chocolate market growth. This can be attributed to the increasing awareness pertaining to the presence of antioxidants, and vitamins and minerals present in it, which helps improve the overall health of consumers.

One of the crucial chocolate market trends includes the increasing trend of personalisation and customisation of chocolate-based products. Personalised chocolates with customised designs are ideal for different occasions such as festivals or weddings. Another key market trend includes the growing innovations in food processing techniques. For instance, artificial intelligence (AI) is being deployed to create innovative chocolate flavours.

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Top 9 Chocolate Companies in the World:

Mars, Incorporated

Mars, Incorporated is a multinational company which manufactures confectionery, and pet food, among other types of food products. This company is known to produce and sell treats and nutritious meals. Several brands come under Mars, Incorporated, which include Snickers, M&M’s, Pedigree, Whiskas, and Royal Canin, among others. It is one of the largest privately held companies in the United States.

Mondelez International, Inc.

Mondelez International, Inc. is a leading food company which provides high-quality snacks to nourish the lives of its consumers. In terms of revenue, it is one of the largest snack producers in the world. The product portfolio of this company includes Oreo, Ritz, Honey Maid, Bake Rolls, Triscuit, Toblerone, and Milka, among others. Moreover, Mondelez International, Inc. produces some of the finest and most popular chocolates such as 5 Star, Cadbury, Lacta, and Marabou, among others.

Ferrero International 

Ferrero International is a multinational food company which produces and sells craft-quality products to its customers around the world. The major brands which are sold by Ferrero International include Nutella, Kinder, Ferrero Rocher, Tic Tac, Butterfinger, and Chunky, among others. The company greatly focuses on responsible marketing, along with ensuring the quality and safety of its products.

Nestle S.A.

Nestle S.A. is one of the largest food and beverage-producing companies in the world. The company stands for “good food, good life”, which means it is committed to providing high-quality products to its consumers. The food and beverage portfolio of this company is vast, which includes cereals, chocolates, confectionery, baby food, coffee, pet food, drinks, and ice cream, among others.

The Hershey Company

The Hershey Company is a leading chocolate and cocoa products manufacturing company which offers baked products, including cookies, biscuits, and cakes, among others. This company also produces and supplies dark chocolate, extra dark chocolate, and salted caramel chocolate, among others. It also focuses on making snacks gluten-free, sugar-free, and made up of organic ingredients. Moreover, The Hershey Company has recently adopted the cocoa sustainability strategy helping communities prosper in a healthy environment eco-system.

Chocoladefabriken Lindt & Sprungli AG

Chocoladefabriken Lindt & Sprungli AG is a leading food company which specialises in premium quality chocolates offering various products across many countries. Most popular brands owned by the company include Lindt, Ghirardelli, Russell Stover, Caffarel, and Hofbauer-Kufferle. The cocoa sustainability platform of Chocoladefabriken Lindt & Sprüngli AG aims at sourcing raw materials from farmers in order to support livelihoods, while encouraging sustainable farming processes.

August Storck KG

August Storck KG is one of the leading players in the global market for chocolate. With a vision of making the world bit sweeter, the company offers wide range of chocolate and cocoa products under the brands like Toffifee, Merci, Nimm2, Knoppers, Werther’s Original, Riesen, and Mamba, among others. All the brands owned by August Storck KG are made using best ingredients along with state-of-art equipment.

LOTTE Corp.

LOTTE Corp. is a leading food company which offers wide range of products, including nuts, candies, gums, biscuits, snacks, and chocolates, among others. Some of the notable chocolate brands of LOTTE Corp. include Coffy Bite, Caramilk, Lacto King, and Lotte Eclairs, among others. It is one of the most respectable players in the confectionery space.

United Confectionary, SLU

United Confectionary, SLU is a prominent Spanish company which specialises in the production, marketing, and supply of jellies, candies, and chocolates. Major brands owned by this company include Felicita, Bon Roll, and Neo Botanica. The company is known to produce high-quality bakery and confectionery products, including soft vanilla-flavoured cream and biscuit, cocoa cream with hazelnut, and milk-flavoured cookies, among others.