Global chocolate Market is valued at USD 113.74 billion in 2019 and expected to reach USD 150.86 billion by 2025 with the CAGR of 4.82% over the forecast period. Chocolate market is primarily driven by growing awareness among consumers about the health benefits associated with cocoa-rich dark chocolates.
Chocolate is one of the most popular and favour product among consumers and the impulse buying behaviour is propelling the sales of chocolate globally. The growing income level of the customers and modern life style are some of the factors which are also responsible for the growth of the market. The colour and packaging of the chocolates also play important role in purchasing these products. Purple is ranked as the most influential colour followed by red and blue which stimulates the consumers.
The study provides a decisive view of the global chocolate market by segmenting the market based on type, product and region. Based on type, chocolate market is segmented into dark chocolate and milk & white chocolate. Based on product, the market is segmented in to softlines/selflines, countlines, molded chocolates and others.
With that said, Brandessence Market Research has announced the Top 10 Companies in The Chocolate Market.
Mars Wrigley Confectionery:
the Wrigley Company or The Wm. Wrigley Jr. Company, is an American chewing gum (Wrigley's gum) company established on April 1, 1891, by William Wrigley Jr., based in the Global Innovation Center (GIC) in Goose Island, Chicago, Illinois. Its parent market is Mars Incorporated, and along with Mars chocolate bars and other candy products, Mars Wrigley Confectionery is made. It is one of the largest producer and marketer of chewing gum in the world.The company currently have business in more than 80 countries and maintains operations in more than 50 countries, and has 21 production facilities in 14 countries including the United States, Mexico, Spain, the United Kingdom, France, the Czech Republic, Poland, Russia, China, India, Japan, Kenya, Taiwan, Australia, and New Zealand.
Ferrero SpA is an Italian producer of branded chocolate and confectionery products and is the second biggest chocolate producer and confectionery company in the world. It was started in 1946 in Alba, Piedmont, Italy, by Pietro Ferrero, a confectioner and small-time pastry maker. The Ferrero Group headed by CEO Giovanni Ferrero – comprises 38 trading companies, 18 factories, about 40,000 employees and produces around 365,000 tonnes of Nutella each year. Ferrero International SA's headquarters is situated in Luxembourg, Europe. It is a private company owned by the Ferrero family. With progressive and global outlook and much-loved brands such as Nutella, Tic Tac, Ferrero Rocher, and Surprise, currently Ferrero products are sold in more than 170 countries.
Mondelez International, Inc. is often called as Mondel?z, is an American multinational confectionery, food, holding and beverage company based in Chicago, Illinois which has approximately 83,000 employees around the globe. The company’s headquarter is near Chicago, produces chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio comprises cookie and cracker brands such as Belvita, Chips Ahoy, Nabisco, Oreo, Ritz, TUC, Triscuit, LU, Club Social, Barny, and Peek Freans; chocolate brands Milka, Côte d'Or, Toblerone, Cadbury, Green & Black's, Freia, Marabou, Fry's, and Lacta; gum and cough drop brands Trident, Dentyne, Chiclets, Halls, and Stride; as well as Tate's Bake Shop and powdered beverage brand Tang. The company has business in about 160 countries and ranked No. 117 in the 2018 Fortune 500 list of the largest US corporations by total revenue.
Meiji Co Ltd:
Meiji Co., Ltd. manufactures and sales dairy products. The Company produces powdered milk products, butter, ice creams, and other products and also produces chocolates, sweets, and other products.It was a major dairy industry company founded in 1917. Apart from dairy products like milk, ice cream, and cheese, their productsinclude sports drinks, pizza, chocolate bars and food supplements like "Toromeiku". It has a joint colaboration in Thailand with Charoen Pokphand to market dairy products. On April 1, 2009, Meiji Seika and Meiji Dairies combined together to establish a holding company, Meiji Holdings, which is a constituent of the Nikkei 225 index. After two years, Meiji Dairies took over the food and healthcare business of Meiji Seika, and started a food company with legal name Meiji Co., Ltd.
Nestlé S.A. is a Swizerland’s multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. It has ranked number 64 on the Fortune Global 500 in 2017 and Number. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies. Nestlé’s products comprise baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. About twenty-nine of Nestlé's brands have annual revenue of more than US$1.1 billion including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. The company has 447 factories, functions in 189 countries, and employs around 339,000 people. Additionally, it is one of the main shareholders of L'Oreal, the world's largest cosmetics company.
The Hershey Company, generally known as Hershey's, is an American MNC and one of the largest chocolate manufacturers globally. It also produces baked products, such as cookies, cakes, milk shakes, drinks etc. Its headquarters are situated in Hershey, Pennsylvania, which is also home to Hersheypark and Hershey's Chocolate World. It was established by Milton S. Hershey in 1894 as the Hershey Chocolate Company, a subsidiary of his Lancaster Caramel Company at that time. Hershey's chocolate products are available across the United States, and in over 60 countries worldwide.The company have three large distribution centres, with modern technology and labour management systems.
ChocoladefabrikenLindt&Sprüngli AG, commonly known as Lindt, is a Swiss chocolatier and confectionery company established in 1845 and popular for its chocolate truffles and chocolate bars, among other sweets.The Company’s headquarter is in Hershey, Pa., USA, is one of the global confectionery leader known for its chocolate, sweets, mints and other great-tasting snacks. Hershey has about 18,000 employees throughout the world. The company has more than 80 brands around the world such as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice BreakersHershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice Breakers and drive over $7.4 billion in annual revenues. Hershey is aimed to expand its presence in key international markets while continuing to sustain its competitive advantage in North America. Other than that, Hershey is trying to expand its portfolio into categories beyond confectionery.
Ezaki Glico Co Ltd:
Ezaki Glico Co Ltd is a Japanese food company whose headquarter is in Nishiyodogawa-ku, Osaka and it has business across 30 countries, in North America, Asia-Pacific and Europe.Ezaki Glico's main business is producing confectionery products such as chocolate, chips, chewing gums and ice cream, and dairy products. Other than that, Glico manufactures processed foods such as curry stocks and retort takikomigohan pouch, and dietary supplement products. Glico's competitors are Meiji Seika, Lotte, Morinaga, Fujiya and Bourbon Company in confectionery business, and House Foods, Meiji and S&B Foods in processed food business.Pretz, Pocky, Almond Chocolate, Caplico and Bisco, are its known brands worldwide.
Arcor is aituated in Argentina and specialized in confectionery. The firm was established on July 5, 1951 in the city of Arroyito, Córdoba. Its specialization is in the production of foodstuff, sugar and chocolate confectionery, cookies and ice cream in 39 industrial plants throughout Latin America. It is one of the world's top producer of hard candies and the tenth-biggest confectionery manufacturer overall. In Argentina, Arcor is the largest producer of processed foods, and its business are expanded to over 120 countries.
Pladis was established in January 2016 when Y?ld?z Holding brought together United Biscuits, Ülker, Godiva Chocolatier and DeMet’s Candy Company as one global business. The company has 34 factories in 13 countries and its products reach over 4 billion people globally in 120 countries across regions such as Europe, the Middle East, Africa, Asia and the Americas. Pladisdistributes a carefully curated range of GODIVA chocolates wholly for consumer packaged goods channels across the world.Pladishave world class brands such as McVitie’s, UlkerJacob’s, go ahead!,Carr’s, Flipz, BN, Verkade etc., and also produces snacking products such as sweet and savoury biscuits, wafer, cake, chocolate, gum and candy.