Sales of Nestlé's confectionery sector worldwide 2010-2023, by segment

In 2023, the sales of Nestlé's chocolate segment amounted to about 6.1 billion Swiss francs. The total sales of Nestlé's confectionery sector amounted to about 8.1 billion Swiss francs in that year. Between 2013 and 2020, there has been a steady decline in total confectionery sales for Nestlé. Since 2021, sales started increasing again. 

The market for chocolate confectionery worldwide

From 2020 to 2021, the fastest growing region of the worldwide chocolate confectionery market was South America, with a growth rate of 8.8 percent. By contrast, in that year the growth rate in Western Europe was 0.9 percent. The size of the chocolate confectionery market worldwide is forecasted to grow to 187.1 billion U.S. dollars in 2027.

Nestlé

The Swiss-based company Nestlé S.A. operates globally, with headquarters in Vevey, Switzerland, employs about 308,000 people around the world, and operates in 187 countries. In 2021, Nestlé was among the 20 largest companies in the world by market capitalization. Nestlé serves a large variety of different consumer markets. Nescafé, Kitkat and pet food brand Purina are among Nestlé’s most recognizable brands. Powdered and liquid beverages were Nestle’s top selling products in 2020, followed by Nutrition and Health Science. Water was its worst selling category. The company’s biggest international competitors worldwide include Unilever, PepsiCo, Mars Incorporated, and Mondelez.