Who owns the hot chocolate & malt drinks brands?
11 hot chocolate & malt drinks brands tracked here are owned by 8 companies; the three largest owners, Nestlé, Flour Mills of Nigeria and Zydus Wellness, control 6 of them (55%) as of Sep 2026.
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11
brands
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8
owning companies
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55%
held by top 3 owners
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5
foreign-owned brands · origin ≠ owner HQ
Biggest owners of hot chocolate & malt drinks brands
| # | Owner | HQ | Brands in this category | Examples |
|---|---|---|---|---|
| 1 | Nestlé | 🇨🇭 Switzerland | 4 | Milo, Nescau, Nesquik, Nesquik Ready to Drink |
| 2 | Flour Mills of Nigeria | 🇳🇬 Nigeria | 1 | Coco Crush |
| 3 | Zydus Wellness | 🇮🇳 India | 1 | Complan |
| 4 | Unilever | 🇬🇧 United Kingdom | 1 | Horlicks |
| 5 | Morinaga | 🇯🇵 Japan | 1 | Morinaga Cocoa |
| 6 | Power Root | 🇲🇾 Malaysia | 1 | Oligo |
| 7 | Associated British Foods | 🇬🇧 United Kingdom | 1 | Ovaltine |
| 8 | Sido Muncul | 🇮🇩 Indonesia | 1 | Susu Jahe Sido Muncul |