Who Owns Milky Way?

Mars operates through three primary business segments: Pet Care, Snacking, and Food. The company's private ownership structure means it does not publicly disclose detailed financial results, but industry estimates place annual revenues above $50 billion, making Mars one of the largest food companies in the world by revenue.

The Pet Care segment, operating under the Mars Petcare division, is one of the world's largest pet food businesses, with brands including Pedigree, Whiskas, Royal Canin, Sheba, Eukanuba, Iams, Cesar, and Nutro. Mars Petcare also operates Banfield Pet Hospital, the largest private veterinary practice in the United States, and various other veterinary and pet health services businesses. The pet care segment has been a major growth driver for Mars as pet ownership and premium pet nutrition spending have increased globally.

The Snacking segment includes Mars's confectionery and snacking brands, encompassing M&M's, Snickers, Twix, Milky Way, Skittles, Starburst, Dove, Galaxy, Maltesers, and Celebrations, among many others. The December 2025 acquisition of Kellanova added Pringles, Cheez-It, Pop-Tarts, RXBAR, and other snacking brands to this segment, significantly expanding Mars's presence in savory snacks and better-for-you snacking categories.

The Food segment includes Ben's Original (formerly Uncle Ben's), Dolmio, Seeds of Change, and other food brands. This segment has been the smallest of the three primary divisions but provides important diversification across food categories.