Stratrix
Competitors · Mondelez

Who are Mondelez’s competitors?

Mondelez names 11 companies as competitors in its latest annual report. 3 companies name Mondelez back.

Skip to the field, head to head ↓Mondelez company profile

Competitors it names1110-K for fiscal 2025
Companies that name it3in their own annual reports
Revenue, 2025$38.5B+6% on a year
Net margin6%PepsiCo 9% · Procter & Gamble 18%
Stratrix’s Take

Mondelez picks its rivals by size. Its rivals pick it by shelf.

Mondelez names 11 competitors, including Coca-Cola, Colgate-Palmolive and Procter & Gamble. It describes them as "companies considered our market competitors or that have been selected on the basis of industry, global focus or industry leadership". That is a league, not an aisle. Several of the names have little to do with a snack shelf.

Smaller companies draw the map differently. Sanfilippo, with $1.2 billion in revenue, lists "Mondelez (CLIF brand)" among its bar rivals. Prestige Consumer Healthcare, at $1.1 billion, puts Mondelez International in a list of branded competitors with AbbVie and Bayer AG. Hostess Brands counts it among its largest national competitors. In each case the rival names one brand or one category, not the whole company.

So Mondelez has two competitive positions. Against its own peer group, it had $38.5 billion in revenue, 6% growth and a 6% net margin, next to Coca-Cola's 27%. Against everyone else, it is a rival that turns up wherever a brand sits next to someone's core business. A strategist should ask which of those two maps a given decision is drawn on.

The fronts

Where Mondelez says it competes

Peer group of market competitors
“companies considered our market competitors or that have been selected on the basis of industry, global focus or industry leadership”
In its own words · 10-K for fiscal 2025
Named back

Who names Mondelez as a competitor

“In the bar industry, we compete with, among others, General Mills (Nature Valley brand), PepsiCo, Inc. (Quaker brand), Mondelez (CLIF brand), Kellanova (Nutrigrain brand), Mars (KIND and Nature's Bakery brands) as well as regional bar manufacturers.”

10-K for 2026

“Our branded competitors include, among others, AbbVie Inc., Alcon, Bausch + Lomb, Bayer AG, Combe, Compass Diversified, Haleon plc, Kenvue, Mondelez International, Reckitt Benckiser Group plc, Opella, Scholl's Wellness Company, Sunstar Group, The Procter & Gamble Company and Unilever.”

10-K for 2026

“Some of our largest national SBG competitors include Flowers Foods, Inc., Grupo Bimbo, S.A., McKee Foods Corporation and Mondelez International, Inc.”

10-K for 2022
Head to head

The field, from the filings

CompanyFiscal yearRevenueGrowthNet marginEmployees
Mondelez2025$38.5B+6%6%–
PepsiCo2025$93.9B+2%9%306,000
Procter & GambleFY to Jun 2026$87.0B+3%18%104,000
Coca-Cola2025$47.9B+2%27%–
Colgate Palmolive2025$20.4B+1%10%33,600
General MillsFY to May 2026$18.4B−5%0%33,000
Hershey2025$11.7B+4%8%175,502,045
Sanfilippo John B & SONFY to Jun 2026$1.2B+6%5%1,770
Prestige Consumer HealthcareFY to Mar 2026$1.1B−4%17%–

Each company’s latest fiscal year as reported to the SEC, in US dollars; fiscal years end in different months. Rivals that report outside the US or in other currencies are not shown.

Customers

How concentrated Mondelez’s customers are

“During 2025, no single customer accounted for more than 10% of our net revenues.”
In its own words · 10-K for fiscal 2025
The moves

What the rivals have done lately

PepsiCoAcquired Strauss Group’s 50% ownership in Sabra Dipping Company

“In December 2024, we acquired the Strauss Group’s 50% ownership in Sabra Dipping Company, LLC (Sabra) and Sabra became a wholly-owned subsidiary.” filing

PepsiCoAcquired Sabra Dipping Company

“In December 2024, we acquired the Strauss Group’s 50% ownership in Sabra Dipping Company, LLC (Sabra) and Sabra became a wholly-owned subsidiary.” filing

Procter & GambleAcquired The Gillette

“During the fiscal year ended June 30, 2024, the Company recorded a $1.3 billion before tax ($1.0 billion after tax) non-cash impairment charge on an indefinite-lived intangible asset acquired as part of the Company’s 2005 acquisition of …” filing

Procter & GambleCut up to 7,000 jobs (2025-06)

The full layoff history

Colgate PalmoliveAcquired Care TopCo Pty Ltd, the owner of the Prime100 pet food business

“On April 30, 2025, the Company acquired Care TopCo Pty Ltd, the owner of the Prime100 pet food business, for cash consideration of AU $ 471 (approximately $ 301 ).” filing

General MillsAcquired TNT Crust

“During the first quarter of fiscal 2023, we acquired TNT Crust, a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets, for a purchase price of $ 253.0 mill…” filing

General MillsAcquired NX Pet Holding, Inc., representing Whitebridge Pet Brands' North American premium cat feeding and pet treating business

“During the third quarter of fiscal 2025, we acquired NX Pet Holding, Inc., representing Whitebridge Pet Brands’ North American premium cat feeding and pet treating business, for a purchase price of $ 1.4 billion (Whitebridge Pet Brands a…” filing

HersheyAcquired Sour Strips brand from Actual Candy

“On November 8, 2024, we completed the acquisition of the Sour Strips brand from Actual Candy, LLC.” filing

HersheyAcquired LesserEvil

“As described in Note 2 to the consolidated financial statements, the Company completed the acquisition of LesserEvil, LLC (“LesserEvil”) on November 18, 2025 for consideration of $815.2 million.” filing

Decisions that shaped the field

PepsiCo Is a Snack Company That Happens to Sell Soda. That's Now Its Problem.2025Too early to tell
P&G's Sixth Sector Lasted Two Years Before Folding Back Into Family Care2019Held in part
Coca-Cola Crowned Goizueta's Chosen Heir in 5 Days — and Pushed Him Out 2.5 Years Later1997Walked back
Questions

Asked about Mondelez’s competitors

Who are Mondelez's competitors?

In its annual report for fiscal 2025, Mondelez names 11 competitors. 10-K for fiscal 2025

Which companies name Mondelez as a competitor?

3 companies in our coverage name it in their own annual reports: Sanfilippo John B & SON, Prestige Consumer Healthcare and Hostess Brands.

How does Mondelez compare with its rivals?

Mondelez reported $38.5B in revenue in its latest fiscal year, +6% on a year, with a 6% net margin. PepsiCo: $93.9B, 9% net margin; Procter & Gamble: $87.0B, 18% net margin.

What are the alternatives to Mondelez?

The companies Mondelez itself names as competitors are listed above, front by front, each in its own report’s words. Which matters for a given buyer depends on the job, not the list.

Is your best customer building your replacement?

How much of your revenue comes from somebody who is also trying to replace you?

See the pack →

Sources: Mondelez’s annual report for fiscal 2025; the annual reports of the companies that name it; each company’s financial data as reported to the SEC; Stratrix Decision Records. Analysis and data, not advice.

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