Who owns the hot chocolate & malt drinks brands?
22 hot chocolate & malt drinks brands tracked here are owned by 16 companies; the three largest owners, CasaLuker, Nestlé and Flour Mills of Nigeria, control 9 of them (41%) as of Nov 2026.
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22
brands
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16
owning companies
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41%
held by top 3 owners
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6
foreign-owned brands · origin ≠ owner HQ
Biggest owners of hot chocolate & malt drinks brands
| # | Owner | HQ | Brands in this category | Examples |
|---|---|---|---|---|
| 1 | CasaLuker | 🇨🇴 Colombia | 4 | Chocolatada, Luker, Quesada, Sol (CasaLuker) |
| 2 | Nestlé | 🇨🇭 Switzerland | 4 | Milo, Nescau, Nesquik, Nesquik Ready to Drink |
| 3 | Flour Mills of Nigeria | 🇳🇬 Nigeria | 1 | Coco Crush |
| 4 | Zydus Lifesciences | 🇮🇳 India | 1 | Complan |
| 5 | Kasapreko | 🇬🇭 Ghana | 1 | Hi5 Chocomalt |
| 6 | Unilever | 🇬🇧 United Kingdom | 1 | Horlicks |
| 7 | Patisen | 🇸🇳 Senegal | 1 | Kangoo |
| 8 | Balashi Brewery | 🇦🇼 Aruba | 1 | Malta Balashi |
| 9 | Heineken | 🇳🇱 Netherlands | 1 | Malta H |
| 10 | Cervecera de Puerto Rico | 🇵🇷 Puerto Rico | 1 | Malta India |
| 11 | Grupo Rica | 🇩🇴 Dominican Republic | 1 | Malta Rica |
| 12 | Morinaga | 🇯🇵 Japan | 1 | Morinaga Cocoa |
| 13 | Power Root | 🇲🇾 Malaysia | 1 | Oligo |
| 14 | Wittington | 🇬🇧 United Kingdom | 1 | Ovaltine |
| 15 | Sido Muncul | 🇮🇩 Indonesia | 1 | Susu Jahe Sido Muncul |
| 16 | Empresas Polar | 🇻🇪 Venezuela | 1 | Toddy |
All hot chocolate & malt drinks brands and their owners
| Brand | Owner | Since | Origin |
|---|---|---|---|
| Chocolatada | CasaLuker | — | 🇨🇴 Colombia |
| Coco Crush | Flour Mills of Nigeria | — | 🇳🇬 Nigeria |
| Complan | Zydus Lifesciences via Zydus Wellness | — | 🇮🇳 India |
| Hi5 Chocomalt | Kasapreko | — | 🇬🇭 Ghana |
| Horlicks | Unilever | 2020 | 🇬🇧 United Kingdom |
| Kangoo | Patisen | — | 🇸🇳 Senegal |
| Luker | CasaLuker | — | 🇨🇴 Colombia |
| Malta Balashi | Balashi Brewery | — | 🇦🇼 Aruba |
| Malta H | Heineken via BRANA | — | 🇭🇹 Haiti |
| Malta India | Cervecera de Puerto Rico | — | 🇵🇷 Puerto Rico |
| Malta Rica | Grupo Rica | — | 🇩🇴 Dominican Republic |
| Milo | Nestlé | — | 🇦🇺 Australia |
| Morinaga Cocoa | Morinaga | — | 🇯🇵 Japan |
| Nescau | Nestlé | — | 🇧🇷 Brazil |
| Nesquik | Nestlé | — | 🇺🇸 United States |
| Nesquik Ready to Drink | Nestlé | — | 🇺🇸 United States |
| Oligo | Power Root | — | 🇲🇾 Malaysia |
| Ovaltine | Wittington via Associated British Foods | — | 🇨🇭 Switzerland |
| Quesada | CasaLuker | — | 🇨🇴 Colombia |
| Sol (CasaLuker) | CasaLuker | — | 🇨🇴 Colombia |
| Susu Jahe Sido Muncul | Sido Muncul | — | 🇮🇩 Indonesia |
| Toddy | Empresas Polar | 2001 | 🇻🇪 Venezuela |