Top confectionery companies by net sales 2023 | Statista (2024)

FAQs

Who is the biggest confectionery company? ›

1. Mars Wrigley Confectionery, div. of Mars Inc. Andrew Clarke, global pres.

Revenue in the Confectionery market amounts to US$586.30bn in 2024. The market is expected to grow annually by 5.40% (CAGR 2024-2029). In global comparison, most revenue is generated in China (US$84bn in 2024).

Global confectionery market: leading companies 2023, based on net sales. In 2023, Mars Incorporated was the world's leading confectionery company, with generated sales of around 22 billion U.S. dollars.

Altogether, the confectionery industry contributes more than $37 billion in retail sales to the U.S. economy each year and has at least one manufacturing facility in each of the fifty U.S. states.

Mars Wrigley Confectionery

That title goes to Mars Inc., which is best known for its Snickers, M&Ms, and Milky Way. Mars Inc. generates over $30 billion in annual revenue. The global giant started as a family business and became famous after Forrest Mars created the flagship chocolate bar.

It is the second-largest confectionery brand in the world, after Mars. Cadbury is internationally headquartered in Greater London, and operates in more than 50 countries worldwide.

The Global Confectionery market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Chicago has been the “candy capital of the world” since the late 1800s.

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. M&M's are small, candy-coated chocolates that are produced by Mars, Inc.

What are the top 5 candy companies in the US? ›

There are many confectionery manufacturers in the United States. Some top companies include Mars Wrigley, Ferrero, Hershey, Nestle, and Lindt & Sprungli. These companies make various products, including chocolate, gum, mints, and other confectionery items.

Or so it seems. I counted over 40 different brands of candy but it turns out almost all of them are produced by one of three companies: Hershey, Mars, and Nestle, with a specialty product or two by Ferrara and Palmer's Company.

Market Research News Publication

"Our recent report predicts that the Confectionery Market size is expected to be worth around USD 357.7 Bn by 2032 from USD 248.7 Bn in 2022, growing at a CAGR of 3.8% during the forecast period from 2023 to 2032.

The confectionery landscape is fiercely competitive, with national and international players vying for market dominance. Major multinational corporations like Mars, Mondelez International, Nestlé, and Ferrero Group lead the industry, leveraging their renowned brands and extensive distribution networks.

Shane Confectionery is the oldest continuously operating candy shop in America offering sweet treats and chocolates in a historic location. Shane Confectionery, located historic Old City, has been satisfying sweet tooths for over a century.

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.

In late 2023, during a ceremony in Munich, the International Union of Bakers and Confectioners named a French woman the world's best confectioner. It was the first time a woman had received this prestigious award in its 92 years.

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.