Top 5 Chocolate Companies in the World

4. Ferrero Group

Revenue: $15 billion in 2020 via Forbes

Ranking 3^rd on the list is an Italian manufacturer of premium chocolate and confectionary products, the Ferrero Group. Founded in 1946 in Piedmont, Italy, it has established itself as one of the leading chocolate companies in the world. The founder of the company was Pietro Ferrero who was a small-time pastry maker and also laid the groundwork for the production of Nutella which is one of the most popular chocolate products around the globe. Over 350,000 tons of Nutella are produced by the company every year. The brand commands 54% of global sales in the chocolate spread market according to fooddive. The Ferrero Group is now lead by Pietro’s grandsons who now head several trading companies, 18 factories, and about 40,000 employees around the world. Other popular products that have helped the company acquire a substantial share of the chocolate market are Pocket Coffee, Kinder Joy, Mon Cheri and Rafaello. The Ferrero group is continuing to grow by increasing their investment in other iconic brands, improving their R&D activities, and expanding its factories and equipment. It has recently expanded its production capacity with total investments amounting to 619 million Euro.