Top 10 Chocolate Brands In India: Ranked By Revenue
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The global chocolate industry continues to soar, with an estimated market value of $157.76 billion in 2024. By 2029, the market is expected to reach a staggering $213.22 billion. Meanwhile, India’s chocolate market is on an impressive growth trajectory, valued at $3.8 billion in 2023 and projected to reach $9.2 billion by 2032. As the demand for chocolate rises, global players have introduced several chocolate brands in India.
With shifting consumer preferences, an expanding middle class, and a demand for premium products, India’s chocolate market is attracting major brands. So, let’s dive into the 10 most popular chocolate brands in India and learn more about their financial status!
Top 10 Chocolate Brands In India Based on Revenue
Mars Inc. was founded in 1911 by Franklin Clarence Mars, who started by making and selling buttercream candies from his kitchen in Tacoma, Washington. His passion for creating delightful treats led to the birth of the Milky Way bar in 1923, which became Mars’ first major success.
Mars steadily grew, becoming a global name in confectionery and one of the most recognizable brands in the world. Mars adapted its offerings and marketing to compete with chocolate brands in India, promoting its products as premium treats for celebrations and everyday indulgence. Moreover, the Mars family’s net worth is valued at $117 billion.
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Cadbury entered India in 1948, introducing chocolates like Dairy Milk to a country fond of traditional sweets. Its “Kuch Meetha Ho Jaaye” campaigns and relatable ads helped Cadbury become a household name. Today, it remains one of the favorite chocolate brands in India with products like Dairy Milk, Silk, and Bournville.
Cadbury’s financial standing reflects its strong market presence with a brand value of? $5.7 billion. Its parent company Mondelēz International has a market capitalization of $88.52 Billion as of 2024. Also, its net worth reached $94.90 billion in 2024. For the trailing twelve months (TTM) in 2024, Mondelēz reported earnings of $5.82 Billion, underscoring its significant profitability as one of the most famous chocolate brands in India.
Toblerone was founded in 1908 by Jean Tobler and his sons in Bern, Switzerland. Known for its unique triangular shape inspired by the Swiss Alps, Toblerone quickly became a symbol of Swiss chocolate craftsmanship. Its distinctive taste, achieved by combining milk chocolate with honey and almond nougat, set Toblerone apart from other chocolate brands.
Toblerone is owned by Mondelez International, which has a market capitalization of around $88.52 Billion. In 2024, the company reported earnings of $5.82 Billion for the trailing twelve months. In recent decades, Toblerone has been one of the most popular premium chocolate brands in India.