Campaign group B4Ukraine earlier this year urged the king to remove companies “still operating in Russia” following its invasion of Ukraine.
Cadbury was among 100 firms including Unilever missing from a new list of 386 royal warrant holders, although Bacardi and Nestle retained their warrants.
The review of royal warrants follows Charles' accession to the throne in September 2022 on the death of his mother Queen Elizabeth II.
It is regarded as a guarantee of quality and can sway some customers to choose a particular firm's goods or services.
A spokesperson for Mondelez said Cadbury had been “a part of British life for generations” and remained the “nation’s favourite chocolate”.
A Unilever spokesperson said it was proud of the long royal association of its brands, but that the granting of warrants was “a matter for the royal household”.
Buckingham Palace does not give reasons or comment on decisions about royal warrants.
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