Major sugar confectionery companies around the world have witnessed gradual growth in their revenues in the past few years. According to the recent market report from Technavio, the global sugar confectionery market is expected to achieve a total revenue of $68 billion in 2017, with a steady CAGR of around 4% by 2021.
The growth of the global sugar confectionery market is mainly driven by the increasing sales in the retail sector, rising disposable income of consumers in emerging economies, new product launches with innovative flavours or healthier sugar alternatives, and the growing number of sugar confectionery companies focusing on promotional activities and social media marketing.
Here are the top 10 sugar confectionery companies in the world
10. Haribo GmbH & Co. K.G.
Haribo is one of the major sugar confectionery companies in Germany, thanks to its nearly $3.2 billion in sales. The company specializes in the production of gummies, jellies, licorice, chews, fruit snacks, jelly beans, and other sweets. These products are distributed all over the world, with the company currently expanding into Asia and America. Haribo has its strongest presence in Europe, with the UK being its top foreign market.
Grow Your Business Network: Connect with the Top Sugar Confectionery Manufacturers in Germany
9. Ezaki Glico Co. Ltd.
Ezaki is headquartered in Osaka, Japan. With over 24 major plants and nearly 5000 employees, its annual sales reached over $3.4 billion. Ezaki is one of the largest sugar confectionery and snack manufacturers in Asia. Its signature products include chocolate Bars, biscuits and wafers, truffles, pralines and filled chocolates, moulded chocolate figures and shapes, panned confections, toffee and caramel, nuts/seed candies, bars, bark, brittles and marzipan, and hard candies.
8. Lindt & Sprungli AG
Headquartered in Kilchberg, Switzerland, Lindt is one of the world’s most famous chocolates and truffles manufacturers. Its annual sales are nearly $4 billion. While demand for the company’s products in the US has diminished greatly over the last few years, the brand has maintained popularity across Europe, and in Australia, where Lindt ice cream is available.
Based in London, UK, Pladis has annual revenues of $5.2 billion and operates in 120 countries across Europe, the Middle East, Africa, Asia and the Americas. The company has 34 factories in 13 countries and mainly operates in all major categories of chocolate, biscuits, cake, candy, and gum.
6. Hershey Co.
Hershey is one of the largest confectionery and snacks companies in the US. Its $7.5 billion annual sales are generated from its major products including chocolate bars, biscuits and wafers, chocolates, hard candy, and other sweets.
5. Nestle SA
The Swiss food and beverage giant Nestlé is not only one of the world’s largest sugar confectionery manufacturers, but it is also the world’s largest food & beverage company with over $9.1 billion annual sales. The company currently has over 335,000 employees and more than 2000 brands ranging from global icons to local favourites presenting in 191 countries around the world.
4. Meiji Co. Ltd.
Based in Tokyo, Japan, Meiji gains its $9.9 billion annual sales from its pharmaceutical products as well as its sugar confectioneries. Meiji’s major confectionery products include chocolate bars, biscuits, panned confections, gummies, jellies, licorice, chews, fruit snacks and jelly beans, and gum.
3. Ferrero Group
Founded in Italy, Ferrero is the third largest confectionery manufacturer in the world with over $10.6 billion annual sales. Ferrero invented the hazelnut cream found in its iconic Ferrero Rocher. Its other famous confectionery brands include Kinder and Nutella.
2. Mondelez International
The American food giant Mondelez, formed in 2012, now owns some of the most famous confectionery and snack brands in the world such as Oreo, Milka, Toblerone, TUC, and Cadbury. The company currently operates in over 80 countries, and generates annual revenue of around $12.9 billion.
The American confectioner Mars Inc owns some of the most famous sweets brands in the world, including M&Ms, Galaxy, Snickers, Skittles, and, of course, Mars bars. With over $18 billion in annual sales, it is the sixth largest privately-held company in America, and the largest player in the sugar confectionery sector globally.