Top Companies in the Chocolate Market

Top Companies in the Chocolate Market

The global chocolate market reached a value of US$ 162.2 Billion in 2023. Chocolate refers to an edible product, which is produced by roasting cacao seeds procured from the pods of the Theobroma cacao trees. The cocoa butter and chocolate liquor obtained from the beans are mixed in different proportions to produce milk, dark, white, and couverture chocolates. Chocolates are usually available in numerous forms, including cubes, blocks, and molten. They are good sources of alkaloids, such as caffeine, phenethylamine, theobromine, and flavonoids. Nowadays, chocolates have gained momentum as they are extensively used in the production of confectionery products and bakery goods, including puddings, brownies, coolies, and cakes.

As per the analysis by the IMARC Group, the top companies in the chocolate industry are introducing a wide range of premium chocolate-based products. They are also adopting aesthetically appealing packaging solutions to attract more customers and expand their product portfolio. Moreover, various manufacturers have launched organic, vegan, and sugar- and gluten-free chocolates. On account of these factors, the market value is expected to reach US$ 213.4 Billion by 2032, expanding at a CAGR of 2.9% during the forecast period (2024-2032).

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World's Largest Chocolate Companies List

Arcor Group

Establishment: 1951
Headquarters: Buenos Aires, Argentina

Arcor is one of the leading companies in the global and domestic chocolate market. The company markets and distributes chocolates, confectionaries, food, cookies, crackers, and ice creams. The company also offers a variety of products free from barley, rye, wheat, and oats.  

Barry Callebaut

Establishment: 1996
Headquarters: Zurich, Switzerland

Barry Callebaut was formed from a merger between two iconic chocolate producers, the Belgian Callebaut and the French Cacao Barry. The company offers high-quality chocolate and cocoa products, including chocolate fillings, compounds, and decorations. It caters to the entire food industry, from industrial manufacturers to artisanal and professional users of chocolates, including pastry chefs, hotels, bakers, chocolatiers, hotels, restaurants, and caterers.

Chocoladefabriken Lindt & Sprungli AG

Establishment: 1845
Headquarters: Kilchberg, Zurich

Chocoladefabriken Lindt & Sprungli AG is a global leader in the premium chocolate sector. The company has established itself as one of the most creative companies making premium chocolates, catering its products to more than 120 countries globally. Today, Lindt & Sprüngli is represented all over the world and considered number one in the premium segment.

Chocolaterine Guylian

Establishment: 1958
Headquarters: Sint-Niklaas, Oost-Vlaanderen, Belgium

Chocolaterine Guylian is famous for its authentic Belgian chocolate seashells, artistically crafted with a blend of the best dark, milk, and white Belgian chocolate and each one of them is filled with a fancy, rich, and creamy roasted hazelnut praline filling. The company offers an ultimate chocolate experience through exquisite craftsmanship skills and age-old Belgian chocolate-making techniques.

Ferrero International Group

Establishment: 1946
Headquarters: Senningerberg, Luxembourg

Ferrero International Group is a family-owned business in its third generation. The company is globally renowned for its iconic confectionary products and chocolates. Ferrero International Group is also expanding the venture into the healthy snack segment, offering their products in more than 170 countries.

Mars Incorporated

Establishment: 1880
Headquarters: McLean, Virginia

Mars Incorporated is a family-owned business, established as one of the leading producers of chocolates, chewing gums, mint, fruity confections, and pet care products and services. Today, its iconic products like M&M’S, Snickers, Orbit, Extra and Skittles are enjoyed in more than 180 countries. From chocolate to chewing gum, the company has more than 34,000 Associates working hard to improve the way it source, make and market its products.

Meiji Co. Ltd.

Establishment: 1916
Headquarters: Tokyo, Japan

Meiji Co. Ltd. was started as a confectionery company with its origins in sugar refining. The company is globally popular for its delicious confectionery, including chocolates, and dairy products which meet the highest standards for nutritional value and safety. Meiji Milk Chocolate has been an iconic brand in Japan since 1926 and is now a favorite with chocolate lovers worldwide. Today the company's chocolate lineup includes more than twenty other brands, each with delicious characteristics.

Mondelez International Inc. (Kraft Foods)

Establishment: 2012
Headquarters: Greater Chicago Area, IL

Mondelez International Inc. is an American multinational food, confectionery, and beverage company.  The company offers a wide variety of high-quality snacks to the consumers, enabling them to make informed choices. The company is leading the future of snacking with iconic global and local brands such as

  • Oreo 
  • BelVita and LU biscuits 
  • Cadbury Dairy Milk 
  • Milka and Toblerone chocolate 
  • Sour Patch Kids candy
  • Trident gum

Moonstruck Chocolate Company

Establishment: 1993
Headquarters: Portland, Oregon

Moonstruck Chocolate Company is known for its handcrafted superior chocolates, which taste as well as appear remarkable. It produces its products with ethically sourced chocolates and fresh local ingredients. The company offers a wide range of artisan chocolate bars, gourmet hot cocoas, tumbled drops, and handmade artisan truffles.

Nestlé S.A.

Establishment: 1866
Headquarters: Vevey, Switzerland

Nestlé S.A. is the world’s largest food and beverage company. The company is well known for its good-quality chocolates and confectionery, some of its renowned brands being:

  • Aero 
  • Baci Pergugina 
  • Fitness
  • KitKat 
  • Milkybar 
  • Quality Street
  • Others

The Hershey Company

Establishment: 1894
Headquarters: Hershey, PA

The Hershey Company is a leading snacks company that offers good-quality delicious products worldwide. The company offers confectionery products and chocolates, bakery products, including cookies and cakes, and beverages, such as milkshakes and others. 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the chocolate industry which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant expansion
  • Marketing and sales
  • Procurement and distribution
  • Innovation and product development

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