What is nestle vs hershey?

Nestle and Hershey are both multinational food and beverage companies. Nestle is a Swiss-based company that was founded in 1866 and produces a wide range of products such as chocolate, coffee, baby food, and pet food. Hershey, on the other hand, is an American company founded in 1894 that primarily produces chocolate and confectionery products.

The two companies have been in competition for many years, with Nestle being the larger of the two with revenue of almost $93 billion in 2020 compared to Hershey's revenue of almost $8.2 billion in the same year. However, both companies are known for their quality chocolate products and have a strong customer base.

In terms of market share, Nestle has a dominant presence in the global market, with its confectionery segment accounting for approximately 12% of the global chocolate market. Hershey, on the other hand, has a stronger presence in the United States, where it controls more than 45% of the chocolate market.

Both companies are also actively involved in sustainability efforts and ethical sourcing of their cocoa beans, with Nestle having committed to sourcing 100% sustainable cocoa by 2025, while Hershey has pledged to source 100% certified cocoa by 2020 (a goal that it achieved in 2020).

In summary, both Nestle and Hershey are leaders in the chocolate and confectionery industry, with a strong global presence and a commitment to sustainability.