Snickers Chocolate’s Global Share Free Essays

Global Candy Sales | | |Market Share |$ Sales in Millions | |Brand |Company |2011 |2012 |2011 |2012* | |Snickers |Mars Inc |1. 7 |1. 8 |$3,286 |$3,572 | |MM’s |Mars Inc |1. We will write a custom essay sample on Snickers Chocolate’s Global Share or any similar topic only for you Order Now 8 |1. |$3,380 |$3,494 | |Trident |Kraft Foods Inc |1. 8 |1. 7 |$3,354 |$3,321 | |Reese’s |Hershey Co, The |1. 3 |1. 4 |$2,553 |$2,679 | |Galaxy/Dove |Mars Inc |1. 3 |1. 3 |$2,407 |$2,597 | |Milka |Kraft Foods Inc |1. 3 |1. |$2,530 |$2,510 | |Cadbury Dairy Milk |Kraft Foods Inc |1. 3 |1. 3 |$2,414 |$2,506 | |Orbit |Mars Inc |1. 3 |1. 3 |$2,441 |$2,501 | |Extra |Mars Inc |1. 1 |1. 2 |$2,115 |$2,231 | |Kit Kat |Nestle SA |1. 0 |1. |$1,933 |$1,979 | |Mentos |Perfetti Van Melle Group |0. 9 |0. 9 |$1,649 |$1,711 | U. S. Candy Sales | | |Market Share |$ Sales in Millions | |Brand |Company |2011 |2012 |2011 |2012* | |Reese’s |Hershey Co, The |7. |7. 7 |$2,479 |$2,603 | |M’s |Mars Inc |6. 8 |6. 8 |$2,238 |$2,300 | |Snickers |Mars Inc |5. 5 |6. 0 |$1,815 |$2,020 | |Kit Kat |Hershey Co, The |2. 8 |2. 8 |$917 |$948 | |Twizzlers |Hershey Co, The |2. 3 |2. |$746 |$801 | |Trident |Kraft Foods Inc |2. 2 |2. 0 |$732 |$674 | |Twix |Mars Inc |1. 8 |1. 9 |$598 |$655 | |Extra |Mars Inc |1. 8 |1. 8 |$598 |$610 | |Orbit |Mars Inc |1. 7 |1. |$561 |$549 | |Milky Way |Mars Inc |1. 6 |1. 6 |$516 |$539 | |Galaxy/Dove |Mars Inc |1. 6 |1. 5 |$523 |$504 | |Starburst |Mars Inc |1. 3 |1. 4 |$433 |$467 | |Godiva |Yildiz Holding AS |1. 1 |1. |$373 |$391 | |*2012 figures are projections. Source: Euromonitor Internationa | | | | | |Snickers Surging to Top of Global Candy Race | |Mars-Owned Candy Bar Set to Pass Sibling MM’s, Kraft’s Trident in New Euromonitor Ranking | |By: E. J. Schultz Published: September 20, 2012 | |208share this page | |[pic][pic][pic][pic] | |There is a new candy kingpin. | |Snickers will pass MM’s as the top international confectionery brand by the end of the year, giving the 82-year-old candy bar a satisfying | |victory in the global chocolate wars, according to a projection by Euromonitor International. |Snickers is â€Å"definitely on target to surpass MM’s,† Lee Linthicum, Euromonitor’s global head of food research, told Ad Age. He cited U. S. | |innovations and strong growth in emerging markets as factors in moving the candy bar from No. 3 to No. 1, also surpassing Trident. Going | |forward, the race for the top is now a sibling rivalry because Mars Inc. owns Snickers and MM’s, which are separated by a razor-thin | |margin. | |While a win for Mars, the rankings are a loss for Kraft Foods’ Trident. The gum brand fell from second to third place as projected 2012 | |worldwide sales slipp ed to $3. 2 billion from $3. 35 billion in 2011. Kraft remains the global leader with 14. 7% share when all confectionery| |brands are totaled. But the food giant’s share of the category fell from 14. 8% in 2011, while No. 2 Mars jumped to 14. 4% from 14. 1%, | |according to Euromonitor. | |The shift at the top was first reported by Candy Snack Today, a publication by the National Confectioners Association. | |Among individual brands, the worldwide candy battle remains close and fragmented, with only a fraction of a share point separating the top | |10. |Snickers is expected to surge from $3. 29 billion in global sales last year to $3. 57 billion for 2012, capturing a 1. 8% share, according to | |Euromonitor projections. The brand, whose ad agency is BBDO, has been backed with major media investments in recent years, including Super | |Bowl spots featuring Betty White and Roseanne Barr, who have both stared in the ongoing â€Å"You’re Not You When You’re Hungr y† campaign. | |But M’s — which Mars featured in this year’s Super Bowl spot– is not far behind, growing from $3. 38 billion to $3. 9 billion in global | |sales, according to Euromonitor projections. | |Mr. Linthicum attributed Snickers’ climb to its strong performance in the U. S. , which accounts for a huge share of the global candy market. | |Domestically, the candy bar has aggressively pushed a line extension called Snickers Peanut Butter Squared, which launched last year and | |features two square-shape bars that adds peanut butter to the familiar mix of peanuts, caramel, nougat and milk chocolate. | |Globally, the brand is benefiting from strong growth in Eastern Europe. In Russia, sales have doubled since 2007 to $300 million, partly as | |a result of distribution gains Mars has made by acquiring some ex-Soviet chocolate companies, he said. While that should also help M’s, | |the bite-size candies face more competition in the region, where smaller candies are more established and familiar, Mr. Linthicum said. By | |contrast, candy bars like Snickers are more of a novelty, he said. | |In the U. S. , Hershey Co. ‘s Reese’s is expected to remain the top brand, with a projected $2. 6 billion in sales capturing 7. % market share | |for 2012, according to Euromonitor, which uses a variety of sources to track all sales channels, from Walmart to vending machines. MM’s, | |which is also handled by BBDO, is projected to hold onto the No. 2 slot stateside with 6. 8% share, followed by Snicker’s (6%) and Hershey’s | |Kit Kat (2. 8%). | |Still, Reese’s remains stuck in fourth place globally with 1. 4% share, accord ing to Euromonitor projections. The reasons are twofold: | |Hershey has less of a global footprint than Mars, Mr. Linthicum said. Also, peanut butter is not as popular in Europe as it is in the | |States. It is a â€Å"very uniquely American thing,† he said. â€Å"That sweet-savory juxtaposition of flavors is something of an acquired taste. † | |Mr. Linthicum pinned Trident’s struggles on stiff competition from Wrigley 5, the Mars-owned brand that launched in the states in 2007 with | |slick packaging, innovative flavors and a highly produced ad campaign by Energy BBDO called â€Å"Stimulate Your Senses. † | |The flashy appeal has resonated globally. â€Å"It’s even gaining share in Greece of all places,† Mr. Linthicum said. â€Å"Everywhere they release it| |around the world †¦ it’s worked. † In the U. S. , Wrigley 5 is now the 4th-largest gum brand with a 7. 43% share, according to SymphonyIRI, | |which excludes Walmart. | |Kraft, which on Oct. 1 will split off its candy and snacking business into a company called Mondelez International, is fighting back with | |its first global ad campaign for Trident by Saatchi Saatchi that is more emotional than previous efforts, which had touted functional | |benefits such as oral health and vitamins. Meanwhile, in the States Kraft recently rolled out â€Å"ID Gum by Stride,† featuring artsy packaging | |and a gimmick-filled campaign by Droga5. | How to cite Snickers Chocolate’s Global Share, Essay examples