Nestlé is expanding its portfolio of plant-based foods with two new innovations: alternatives for eggs and shrimps will be brought onto the market as part of the Garden Gourmet brand.
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Peas, soya and chickpeas are the basic ingredients of many vegetarian alternatives to meat. But the global harvests of these raw materials are significantly disappointing this year. And that will be felt in the prices of veggie burgers and other similar products.
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Although Nestlé's turnover increased by a mere 1.5 per cent in the past six months, the Swiss company immediately raised its expectations for the full year. Thanks to coffee, keeping the teleworkers awake.
Food giant Nestlé sees potential in cultured meat and has therefore entered into a partnership with the Israeli start-up Future Meat Technologies. The Swiss company hopes that new technologies can lead to more environmentally friendly products.
In the autumn, an initial trial of a new eco-label will take place in the United Kingdom. The new labelling system, which is inspired by the colours of traffic lights, may also form the basis for a European eco-score.
The fact that plant-based dairy and meat substitutes are adopting the terminology and imagery of animal products is necessary to increase penetration. In time, new categories will emerge with their own codes. "They must not ruin it now."
In an internal company presentation, food giant Nestlé acknowledges that more than 60 per cent of its mainstream food products and beverages do not meet its own recognised standard for healthy eating.
Food giant Nestlé is launching Wunda, a new type of vegetable drink as an alternative to milk in all possible applications. The Netherlands, France and Portugal get the scoop, the rest of Europe will follow soon.
Swiss food giant Nestlé is in talks to acquire American vitamin producer The Bountiful Company, rival Unilever does the same with supplement producer Onnit.
Nestlé performed better than expected in the first quarter. Increased demand for coffee and baked goods boosted sales.
The implosion of the AgeCore alliance is sharpening the conflict of interests between supermarkets and brand manufacturers: multinationals are demanding action against abuse of power, while food retailers are defending the free market. Warning: even bigger buying groups may be in the making.
Noticing the exploding sales of meat substitutes, Nestlé will ramp up investments in Garden Gourmet. "We see a huge potential. We are at a tipping point, a unique opportunity to play a leading part in society."
The future of European retail alliance AgeCore is highly uncertain now that German supermarket chain Edeka is cancelling its membership. One of the reasons is a lawsuit in France about possible abuse of power.
Swiss food giant Nestlé is launching lids and spoons made from sugarcane, and use this renewable material for its NAN baby food and medical nutrition products.
Nestlé acquires SimplyCook, a British producer of recipe kits. For the FMCG giant, it is a new step in the direct-to-consumer market.
It will not be easy for food retailers to beat the record figures they recorded in the corona year 2020, but in any case, the pandemic has amplified some trends that will determine the food sector this year and in the years to come. An analysis.