Leading Food and Nutrition Firms | Satisfying Nutritional Needs in Demand
Headline: Major Players in the Food and Nutrition Industry Make Strategic Moves
Glanbia plc, a leading global nutrition company, has launched a new product, FerriUpTM, a whey protein concentrate enriched with lactoferrin and vitamin B12, targeting active women. Meanwhile, the company has also expanded its presence in the plant-based nutrition market with new yogurt products and high-protein solutions. Glanbia's geographical reach spans North America, Europe, the Middle East, Africa, and Asia-Pacific.
In a separate development, Glanbia plc has sold its joint venture, Glanbia Cheese, to Leprino Foods. The company has also announced its plans to acquire Flavor Producers LLC for an initial $300 million.
General Mills, a major player in the food and nutrition sector, has made a significant move by acquiring Tyson Foods' pet treats business for $1.2 billion. This strategic move is expected to strengthen General Mills' position in the pet food market.
Cargill, another key player, has formed Wayne-Sanderson Farms through a joint venture with Continental Grain, aiming to strengthen its US poultry market position. Cargill has also partnered with Voyage Foods to boost the production and distribution of cocoa alternatives.
Cargill has also diversified its protein investments, acquiring meat processing plants in the US and investing in cultivated meat startups like Aleph Farms and Wildtype. The company has also launched REVEALTM Layers, a revolutionary technology using Near InfraRed (NIR) light to monitor poultry health, boosting egg production efficiency.
Mars Inc., a global leader in the confectionery and snack industry, continues to innovate within its product lines, introducing new products under brands like M&M's and Snickers to address evolving consumer preferences. Mars has also expanded its presence in the pet nutrition market through the acquisition of Champion Petfoods, renowned for its ORIJEN and ACANA brands.
Mars operates in over 80 countries globally, spanning North America, Europe, Asia-Pacific, Latin America, and Africa. The company has also partnered with Duraplas to introduce the groundbreaking PolarPad line of condenser pads, aiming to revolutionize the HVAC-R market.
ADM (Archer Daniels Midland Company) has expanded its portfolio in health and wellness products by acquiring Deerland Probiotics & Enzymes. The company has also partnered with Voltloader to introduce an electric vehicle trial program for transporting wheat. ADM and Solugen have also teamed up to establish a new bio-manufacturing facility in Marshall, Minnesota, USA.
Nestle S.A., a global leader in the food and beverage industry, operating in over 180 countries, has announced plans to invest ₹5,000 crores in India to construct new factories and research centers. Kraft Heinz has introduced its first-ever plant-based products under the Oscar Mayer brand, including NotHotDogs and NotSausages.
Herbalife Nutrition, a global leader in health and wellness, maintains a presence in over 90 countries across six continents. The company has recently announced a $400 million investment in a digital transformation initiative called Herbalife One.
DuPont has enhanced its capabilities in biopharma and medical device manufacturing through the acquisition of Spectrum Plastics Group for $1.75 billion. The company has also strengthened its position in advanced electronics applications by acquiring Laird Performance Materials. In September 2023, DuPont opened a new adhesives manufacturing facility in Zhangjiagang, East China, targeting customers in the transportation sector.
Mondelez International has finalized the acquisition of Chipita Global S.A., a top player in the rapidly growing croissants and baked snacks sector in Central and Eastern Europe. The global market for functional and natural health foods was $23.5 billion in 2023 and is projected to reach $38.5 billion by 2033.
The Global Functional Foods Market size is expected to be worth around USD $678.3 Billion by 2032 from USD $306.2 Billion in 2023, growing at a CAGR of 8.5% during the forecast period from 2022 to 2032. Major companies that have significantly expanded the global market for functional and natural health foods in recent years include Nestlé, Danone, PepsiCo, Unilever, and General Mills.
In summary, major players in the food and nutrition industry are making strategic moves to expand their product offerings, geographical presence, and market position. These moves are expected to shape the future of the industry, particularly in the functional and natural health foods sector.
