Chocolate Industry

The World’s Largest Candy Companies

Thinking about Halloween treats? Come on, it’s good for you. Candy really started out as something most people didn’t want: medicine.

The first candy-making machine was invented by a pharmacist in 1947 to make medicine lozenges, according to candy historian Samira Kawash. Mary Poppins’ “spoonful of sugar” was no myth: In the 18th century, an apothecary suspended an unpleasant-tasting medicine in sugar, Kawash told Smithsonian Magazine.

These days, we don’t need to be forced to eat candy: the average American consumes about 8 pounds of candy a year, and children eat even more.

That’s a lot of candy. According to Statista, American consumers spend an estimated $3.1 billion on candy during the Halloween season alone.

Globally, the candy market was valued at $64 trillion in 2021 and is expected to reach over $81 trillion by 2027, according to market research firm Mordor Intelligence.

A significant portion of this sum goes to Mars Wrigley, a division of the American company Mars. Mars Wrigley is the world’s largest confectionery company, according to Mars and Candy Industry, an industry publication that covers the global confectionery industry. It is owned by the Mars family and is one of the largest private companies in the United States. Mars Wrigley, which makes chocolate, chewing gum, mints and fruity confections, generated $20 billion in sales in 2020, a year when gum and mints globally took a hit. Some of their easily recognizable brands include M&Ms, Lifesavers, Snickers, Skittles, Twix, and Altoids.

Candy Industry’s list of the world’s largest confectionery companies is based on estimates from a combination of manufacturer surveys, annual reports, media reports, private and published research, and interviews with analysts. . Most of the sales data is from 2020 and attempts to account for industrial chocolate sales. Currencies have been converted based on the average exchange rate from January to October 2020.

They are the largest confectionery companies in the world.