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Q1 2024 TU (Q&A)

Nestlé
Logo for Nestlé

Q1 2024 TU (Q&A)

25 Apr, 2024
Logo for Nestlé

Q1 2024 TU

25 Apr, 2024
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Everything from Nespresso to KitKat

With more than 2000 different brands and a proven ability to endure economic downturns, including two world wars, Nestlé is the world’s largest food and beverage company. Their product portfolio consists of everything from global staples to local favorites; from Nestea, Nespresso, and NESCAFÉ to Nestlé Pure Life and KitKat. Nestlé is truly one of those companies you most certainly encounter in your local grocery store on a daily basis, accompanied by the products of other big players like PepsiCo, Kellogg Company, and Unilever.

Over 150 years of innovation starting with life-saving infant foods

The Swiss pharmacist Henri Nestlé founded this company that bears his name way back in 1866 together with the Page brothers. In line with the vision to be a leading nutrition, health and wellness company, one of their major product breakthroughs - the life-saving infant foods quickly was developed. It met the urgent need for a safe alternative to breast milk already over 150 years ago. Another flagship product, NESCAFÈ, was launched in 1938 and rapidly became the top selling coffee brand globally. Also, the company was a global dairy company already by 1905, operating over 20 factories.

The largest Research and Development department in the industry

As of 2022, Nestlé has operations in over 190 countries and employs more than 300 000 people. Considering their very wide range of products under over 2000 different brands, chances are you use some of their products daily. Over 4000 of the employees are working in R&D and Nestlé invests almost $2 billion every year in R&D – the largest of its kind in the food and beverage industry and an engine for future growth. A portion of the R&D investments are attributed to science and innovation. Some results of this are products within the fields of plant-based food, allergy, and healthy aging, all of which posting double digit growth in 2022.