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The Hershey Company - commonly called Hershey’s - is a producer of chocolates, sweets, and mints from the United States. The company was founded in 1894 by Milton S. Hershey in his hometown of Derry Church in Pennsylvania. Derry Church was renamed Hershey in 1906 following the growing popularity of the company’s products. Hershey, PA remains the company’s headquarters. Ever since its inception, Hershey's has grown to become one of the leading confectionery companies in the world. It currently ranks fourth just behind Ferrero.
Company financials
Hershey’s generates annual net sales of over 11 billion U.S. dollars worldwide. With the exception of 2015, the company’s net sales have been growing annually since 2006. Currently, Hershey’s has a workforce of almost 20,500 full-time and part-time employees globally. Compared to previous years, this is the fourth consecutive increase in full-time employee numbers since 2019. Company operations are centered around the U.S. market. With less than a billion U.S. dollars in sales, only a fraction of company sales are made internationally. In the U.S. the company increasingly generates sales with salty snacks. Its core business remains confectionery by a large margin.
Hershey's portfolio and brands
The company’s product portfolio encompasses chocolate, non-chocolate, chewing gums, ice cream, and milk drinks. Hershey’s well-known brands include Reese’s Peanut Butter Cup, Hershey’s Milk Chocolate, and Hershey's Kisses. In the U.S. the company also owns the rights to the Kit Kat brand. About 93 percent of Americans recognize Hershey’s brand. In the United Kingdom, it is less well-known but still recognized by almost 79 percent of consumers. Among those U.S. consumers who eat chocolate, it is even more well-known and popular with 61 percent of chocolate and candy bar consumers. The company launched over 100 confectionery products in 2022.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Nils-Gerrit Wunsch Research expert covering foods trends in North America, Europe, and the global food system
Key insights
- Size of the chocolate confectionery market worldwide
- 130bn USD
Detailed statistics
Confectionery market revenue worldwide 2019-2029, by segment
- Net sales of the Hershey Company worldwide
- 11.17bn USD
Detailed statistics
Global net sales of the Hershey Company 2006-2023
- Number of the Hershey Company's employees (full-time and part-time)
- 20,505
Detailed statistics
Number of full time employees of the Hershey Company 2008-2023
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Overview
7
- Premium Statistic Confectionery market revenue worldwide 2019-2029, by segment
- Premium Statistic Share of global chocolate confectionery market financial year 2022/23, by region
- Premium Statistic Global confectionery market: leading companies 2023, based on net sales
- Premium Statistic Retail sales of chocolate confectionery companies in the United States in 2022
- Premium Statistic Leading sugar confectionery companies in the United States in 2022, by sales
- Premium Statistic Leading gum manufacturer companies in the United States in 2022
- Premium Statistic Leading brands in the United States 2022
Overview
- Premium Statistic Confectionery market revenue worldwide 2019-2029, by segment
Confectionery market revenue worldwide 2019-2029, by segment
Revenue of the confectionery market worldwide from 2019 to 2029, by segment (in trillion U.S. dollars)
- Premium Statistic Share of global chocolate confectionery market financial year 2022/23, by region
Share of global chocolate confectionery market financial year 2022/23, by region
Market share of chocolate confectionery worldwide in financial year 2022/23, by region
- Premium Statistic Global confectionery market: leading companies 2023, based on net sales
Global confectionery market: leading companies 2023, based on net sales
Net sales of the leading confectionery companies worldwide in 2023 (in billion U.S. dollars)
- Premium Statistic Retail sales of chocolate confectionery companies in the United States in 2022
Retail sales of chocolate confectionery companies in the United States in 2022
Leading chocolate confectionery companies in the United States in 2022 (in million U.S. dollars)
- Premium Statistic Leading sugar confectionery companies in the United States in 2022, by sales
Leading sugar confectionery companies in the United States in 2022, by sales
Leading sugar confectionery companies in the United States in 2022 (in million U.S. dollars)
- Premium Statistic Leading gum manufacturer companies in the United States in 2022
Leading gum manufacturer companies in the United States in 2022
Leading gum manufacturer companies in the United States in 2022 (in million U.S. dollars)
- Premium Statistic Leading brands in the United States 2022
Leading brands in the United States 2022
Leading brands in the United States in 2022, by BrandIndex score
Company facts
7
- Premium Statistic Global net sales of the Hershey Company 2006-2023
- Premium Statistic Net sales YoY increase of the Hershey Company worldwide 2008-2023
- Premium Statistic Operating profit of the Hershey Company 2013-2023
- Premium Statistic Global gross profit of the Hershey Company 2013-2023
- Premium Statistic Global net sales of the Hershey Company 2013-2023, by region
- Premium Statistic Hershey Company's advertising spending 2008-2023
- Premium Statistic Number of full time employees of the Hershey Company 2008-2023
Company facts
- Premium Statistic Global net sales of the Hershey Company 2006-2023
Global net sales of the Hershey Company 2006-2023
Net sales of the Hershey Company worldwide from 2006 to 2023 (in billion U.S. dollars)
- Premium Statistic Net sales YoY increase of the Hershey Company worldwide 2008-2023
Net sales YoY increase of the Hershey Company worldwide 2008-2023
Year-over-year (YoY) net sales growth of the Hershey Company worldwide from 2008 to 2023
- Premium Statistic Operating profit of the Hershey Company 2013-2023
Operating profit of the Hershey Company 2013-2023
Operating profit of the Hershey Company worldwide from 2013 to 2023 (in billion U.S. dollars)
- Premium Statistic Global gross profit of the Hershey Company 2013-2023
Global gross profit of the Hershey Company 2013-2023
Gross profit of the Hershey Company worldwide from 2013 to 2023 (in billion U.S. dollars)
- Premium Statistic Global net sales of the Hershey Company 2013-2023, by region
Global net sales of the Hershey Company 2013-2023, by region
Net sales of the Hershey Company worldwide from 2013 to 2023, by region (in billion U.S. dollars)
- Premium Statistic Hershey Company's advertising spending 2008-2023
Hershey Company's advertising spending 2008-2023
Advertising expenditure of the Hershey Company worldwide from 2008 to 2023 (in million U.S. dollars)
- Premium Statistic Number of full time employees of the Hershey Company 2008-2023
Number of full time employees of the Hershey Company 2008-2023
Number of full-time employees of the Hershey Company worldwide from 2008 to 2023
Segments
5
- Premium Statistic Leading producers of chocolate under 3.5 oz in the U.S. in 2024, by sales
- Premium Statistic Sales of the leading hard sugar candy producers of the U.S. 2024
- Premium Statistic Leading U.S. sugar-free diet candy brands based on sales 2022
- Premium Statistic Top chocolate covered salted snacks vendors by dollar sales in U.S. 2022
- Premium Statistic Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
Segments
- Premium Statistic Leading producers of chocolate under 3.5 oz in the U.S. in 2024, by sales
Leading producers of chocolate under 3.5 oz in the U.S. in 2024, by sales
Leading producers of chocolate under 3.5 oz in the United States in 2024, by sales (in million U.S. dollars)
- Premium Statistic Sales of the leading hard sugar candy producers of the U.S. 2024
Sales of the leading hard sugar candy producers of the U.S. 2024
Sales of the leading hard sugar candy producers of the United States in 2023/24 (in million U.S. dollars)*
- Premium Statistic Leading U.S. sugar-free diet candy brands based on sales 2022
Leading U.S. sugar-free diet candy brands based on sales 2022
Sales of the leading 5 sugar-free diet candy brands of the United States in 2022 (in million U.S. dollars)
- Premium Statistic Top chocolate covered salted snacks vendors by dollar sales in U.S. 2022
Top chocolate covered salted snacks vendors by dollar sales in U.S. 2022
Dollar sales of chocolate covered salted snacks in the United States in 2022, by vendor (in million U.S. dollars)
- Premium Statistic Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
Change in spending per consumer for chocolate in the United States in February 2022 compared to January 2022, by brand
Hershey's brand
8
- Basic Statistic Most well-known chocolate and candy bar brands in the UK 2023
- Basic Statistic Most trusted food brands in the U.S. 2024
- Premium Statistic Hershey's brand profile in the United States 2024
- Premium Statistic Hershey's brand profile in the UK 2024
- Premium Statistic Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
- Premium Statistic Number of new product launches of confectionery products in the U.S. 2022, by company
- Premium Statistic Number of new product launches of confectionery products in the U.S. 2022, by brands
Hershey's brand
Most well-known chocolate & candy bars brands in the United States 2024
Leading chocolate & candy bars brands ranked by brand awareness in the United States in 2024
- Basic Statistic Most well-known chocolate and candy bar brands in the UK 2023
Most well-known chocolate and candy bar brands in the UK 2023
Leading chocolate and candy bar brands ranked by brand awareness in the United Kingdom in 2023
- Basic Statistic Most trusted food brands in the U.S. 2024
Most trusted food brands in the U.S. 2024
Most trusted food brands in the food in the United States in 1st quarter 2024
- Premium Statistic Hershey's brand profile in the United States 2024
Hershey's brand profile in the United States 2024
Hershey's brand awareness, usage, popularity, loyalty, and buzz among chocolate and candy bar eaters in the United States in 2024
- Premium Statistic Hershey's brand profile in the UK 2024
Hershey's brand profile in the UK 2024
Hershey's brand awareness, usage, popularity, loyalty, and buzz among chocolate and candy bar eaters in the UK in 2024
- Premium Statistic Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
Valentine's Day: Change in chocolate spending per consumer in the U.S. 2022, by brand
Change in spending per consumer for chocolate in the United States in February 2022 compared to January 2022, by brand
- Premium Statistic Number of new product launches of confectionery products in the U.S. 2022, by company
Number of new product launches of confectionery products in the U.S. 2022, by company
Number of new product launches of confectionery products in the United States in 2022, by company
- Premium Statistic Number of new product launches of confectionery products in the U.S. 2022, by brands
Number of new product launches of confectionery products in the U.S. 2022, by brands
Number of new product launches of confectionery products in the United States in 2022, by brands
Competitors
6
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Competitors
- Premium Statistic Global sales of the Nestlé Group 2005-2023
Global sales of the Nestlé Group 2005-2023
Nestlé Group's sales worldwide from 2005 to 2023 (in billion CHF)
- Premium Statistic Ferrero: turnover 2011-2023
Ferrero: turnover 2011-2023
Consolidated net turnover of the Italian confectionery and branded chocolate manufacturer Ferrero from 2011 to 2023 (in billion euros)
- Premium Statistic Mondelez International's net revenue worldwide 2011-2023
Mondelez International's net revenue worldwide 2011-2023
Net revenue of Mondelez International worldwide from 2011 to 2023 (in million U.S. dollars)
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Total Lindt & Sprüngli sales worldwide from 2010 to 2023 (in million Swiss francs)
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Annual revenue of Pladis Global 2017-2022
Pladis Global annual revenue from 2017 to 2022 (in million British pounds)
- Premium Statistic Tootsie Roll's net sales worldwide from 2015 to 2023
Tootsie Roll's net sales worldwide from 2015 to 2023
Tootsie Roll Industries, Inc. net sales worldwide from 2015 to 2023 (in million U.S. dollars)
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