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​​​​​​For the global chocolate industry.Explain ; Major competitors within Sector Key Suppliers to the Sector Identifying...

​​​​​​For the global chocolate industry.Explain ;

  1. Major competitors within Sector
  2. Key Suppliers to the Sector
  3. Identifying substitutes for the sector’s products
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Answer #1

A. Major competitors in global chocolate industry are: Nestle, Mars, Cadbury, Moonstruck Chocolatier, Ghirardelli Chocolate, Ferrero Group, Hershey Foods Corp , Barry Callebaut , Amul and Mondelz International

Company Net Sales 2018 (US$ millions)
Mars Wrigley Confectionery, division of Mars Inc (USA) 18,000
Ferrero Group (Luxembourg / Italy) 12,390
Mondelēz International (USA) 11,792
Meiji Co Ltd (Japan) 9,662
Hershey Co (USA) 7,779
Nestlé SA (Switzerland) 6,135
Chocoladenfabriken Lindt & Sprüngli AG (Switzerland) 4,374
Ezaki Glico Co Ltd (Japan) 3,327
Pladis (UK) 2,816
Kellogg Co (USA) 1,890
Reference:Candy Industry, January 2019

B. The key suppliers to the sector are: Mars, Mondelez International, Nestle, Ferrero, Hershey Company, Chocoladefabriken Lindt & Sprüngli

C. Substitute for chocolate products are: Carob, Fruits, Cocoa nibs

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