Table of Contents
Nutrition Market Overview
Nutrition companies involve the intake and use of nutrients to support health and growth. Key components include macronutrients like carbohydrates, which provide energy; proteins, essential for tissue repair and growth; and fats, which support energy storage and nutrient absorption.
Micronutrients, such as vitamins and minerals, are crucial for various bodily functions. Water is vital for hydration and physiological processes.
A balanced diet emphasizes variety and moderation, incorporating diverse food groups to ensure all nutritional needs are met and promoting overall well-being.
Market Drivers
The global nutrition market is driven by increasing health awareness, a rising incidence of chronic diseases, and a growing aging population seeking better health through diet.
Higher disposable incomes and innovations in food technology are expanding consumer access to diverse, high-quality nutritional products.
The growth of e-commerce enhances product accessibility, while supportive government policies and regulations further stimulate market development.
These factors collectively fuel the demand for advanced nutritional solutions and dietary supplements.
Market Size
The global clinical nutrition market is projected to reach approximately USD 85.2 billion by 2032, up from USD 47.4 billion in 2022, with a CAGR of 6.2% from 2022 to 2032.
List of Major Companies
These are the top 10 companies operating in the Nutrition Market:
Nestle
Company Overview
| Establishment Year | 1866 |
| Headquarter | Vevey, Switzerland |
| Key Management | David McDaniel (CEO) |
| Revenue (US$ Bn) | $ 103.5 Billion (2022) |
| Headcount | ~ 270,000 (2023) |
| Website | https://www.nestle.com/ |
About Nestlé
Nestlé has made strides in the nutrition companies/sector through strategic acquisitions and product innovations aimed at enhancing health and wellness offerings.
Recently, Nestlé Health Science acquired Puravida, a Brazilian brand known for its drink mixes, protein powders, and nutrition bars, further expanding its portfolio in the health and wellness market.
Additionally, Nestlé launched Vital Pursuit, a new line of foods designed to meet modern dietary needs. The company has also been actively engaging in the development of high-yielding Arabica coffee varieties and other health-focused innovations.
These moves are part of a broader strategy to strengthen its position in the nutrition sector and address evolving consumer demands for healthier, sustainable food options.
Geographical Presence
Nestlé S.A., headquartered in Vevey, Switzerland, boasts a substantial global presence with operations in nearly 190 countries.
In Europe the company has significant market shares in Western and Eastern Europe, focusing on dairy, coffee, and confectionery.
North America, including the U.S. and Canada, features a broad product range and numerous production facilities.
Latin America sees Nestlé active in Brazil, Argentina, and Mexico, among others, with diverse offerings. In Asia-Pacific, the company is well-established in China, Japan, and India, emphasizing dairy, coffee, and infant nutrition.
In Africa and the Middle East, Nestlé operates across Northern and Sub-Saharan Africa, as well as key Middle Eastern countries, with a focus on dairy and beverages. Oceania, Australia, and New Zealand are key markets for dairy, coffee, and pet care.
Recent Developments
- In July 2024, NESQUIK introduced two new flavors, strawberry and chocolate with hazelnuts.
- In May 2022, Nestlé acquired Puravida, a São Paulo-based Brazilian brand specializing in nutrition and lifestyle products such as drink mixes, protein powders, and snacks.
Danone
Company Overview
| Establishment Year | 1966 |
| Headquarter | Paris, France |
| Key Management | Gilles Schnepp (Chairman) |
| Revenue (US$ Bn) | $ 29.2 B (2022) |
| Headcount | ~ 96,000 (2023) |
| Website | https://www.danone.com/ |
About Danone
Danone is enhancing its role in the nutrition companies/sector through strategic investments, innovations, and acquisitions.
It recently allocated €70 million to upgrade its Steenvoorde facility in France, boosting its capacity for specialized nutrition products, including supplements for severe health conditions.
This investment supports Danone’s sustainability goals, featuring a biomass boiler to cut carbon emissions.
Additionally, Danone acquired Functional Formularies in the U.S., expanding its medical nutrition portfolio.
The introduction of Nutricia Fortimel Plant-based energy highlights Danone’s focus on diverse dietary needs.
These initiatives are part of Danone’s “Renew Danone” strategy, aimed at innovating and growing its medical nutrition segment to meet global demand.
Geographical Presence
Danone S.A. operates globally and has a substantial presence in key regions. In Europe, it dominates markets such as France, Spain, Italy, Germany, and the U.K., with a focus on dairy, plant-based foods, and bottled water.
North America, including the U.S. and Canada, is another significant area, highlighted by brands like Activia and Silk.
Latin America, including Brazil, Argentina, and Mexico, sees strong performance in dairy and plant-based products. In the Asia-Pacific region, China, India, and Japan are critical markets for dairy and early-life nutrition.
Danone also has notable operations in Africa and the Middle East, with key markets like South Africa, Egypt, and Morocco, and maintains a presence in other regions to capitalize on global growth opportunities.
Recent Developments
- In July 2024, Danone partnered with Microsoft to introduce a Danone Microsoft A.I. Academy.
- In June 2024, Danone announced its plans to expand its investment in nutritional solutions.
Abbott
Company Overview
| Establishment Year | 1888 |
| Headquarter | Green Oaks, Illinois, U.S. |
| Key Management | Robert B. Ford (CEO) |
| Revenue (US$ Bn) | $ 40.1 Billion (2023) |
| Headcount | ~ 114,000 (2023) |
| Website | http://abbott.com/ |
About Abbott Laboratories
Abbott Laboratories has been actively expanding its nutrition companies/sector with several strategic moves.
In early 2024, the company launched the PROTALITY high-protein shake for adults focused on weight loss and muscle maintenance. This launch supports Abbott’s broader goal of meeting varied nutritional needs.
The company also reported robust growth in global sales of Ensure®, its top adult nutrition brand, and acquired Functional Formularies in the U.S., enhancing its medical nutrition product portfolio. These initiatives underscore Abbott’s dedication to innovation and market expansion in nutrition.
Geographical Presence
Abbott Laboratories has a significant global presence, with operations spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
In North America, the company is headquartered in the United States and also operates in Canada. In Europe, Abbott maintains a strong presence in both Western and Eastern Europe.
The Asia-Pacific region includes key markets such as China, India, Japan, Australia, and New Zealand. In Latin America, Abbott is active in Brazil, Mexico, and other countries.
The company also has a growing footprint in the Middle East and Africa, with notable operations in South Africa, the UAE, and several other countries.
This extensive geographical reach underscores Abbott’s commitment to providing healthcare solutions worldwide.
Recent Development
- In May 2024, Abbott Laboratories launched a GLP systems Track automation solution.
- In May 2024, Abbott Laboratories recalled the HeartMate 3 Left Ventricular Assist System Implant Kit.
BASF
Company Overview
| Establishment Year | 1865 |
| Headquarter | Ludwigshafen, Germany |
| Key Management | Martin Brudermüller (CEO) |
| Revenue (US$ Bn) | $ 74.5 Billion (2022) |
| Headcount | ~ 111,991 (2023) |
| Website | http://basf.com/ |
About BASF
BASF is enhancing its presence in the nutrition companies/sector by integrating its Nutrition & Health division into a global business unit focused on vitamins, carotenoids, and feed enzymes.
Recent expansions include increasing vitamin A production in Ludwigshafen, Germany, to support animal nutrition.
At the Food Ingredients China 2024 trade show, BASF highlighted its sustainable innovations, such as Beta-Carotene 20% GFP and BHT-free vitamin A palmitate powder.
Additionally, BASF is expanding its collaboration with Cargill to develop enzyme-based solutions for more efficient and sustainable animal feed.
Geographical Presence
BASF SE, headquartered in Ludwigshafen, Germany, is a global leader in the chemical industry with a widespread geographical presence.
In Europe, the company operates major facilities in Germany, France, Spain, Italy, and the Netherlands. North American operations include significant sites in the United States and Canada. South America, Brazil, and Argentina are key locations.
BASF’s extensive presence in Asia-Pacific covers China, Japan, and India, while in Africa and the Middle East, the company has operations in South Africa and the UAE. This extensive network supports BASF’s global reach and its ability to cater to diverse regional markets.
Recent Development
- In July 2022, BASF’s Nutrition & Health division enhanced its role as an ingredients partner by consolidating its strategic and operational responsibilities into a single global unit, Nutrition Ingredients, for both animal and human nutrition industries.
- In October 2021, BASF and Cargill broadened their partnership in animal nutrition by incorporating new R&D capabilities and markets into their existing feed enzyme distribution agreements.
Pfizer
Company Overview
| Establishment Year | 1849 |
| Headquarter | New York City, U.S. |
| Key Management | Albert Bourla (CEO) |
| Revenue (US$ Bn) | $ 58.5 B (2023) |
| Headcount | ~ 88,000 (2023) |
| Website | http://pfizer.com/ |
About Pfizer
Pfizer has been actively involved in the nutrition companies/sector, focusing on both infant and adult nutrition.
Recently, Pfizer Nutrition entered into a collaboration with Jennewein Biotechnologie to develop and market Human Milk Oligosaccharides (HMOs), which are crucial for infant health as they replicate the benefits of breast milk by supporting immune development and beneficial bacteria colonization.
This partnership aims to enhance the nutritional value of infant formulas and extend the benefits to adult nutrition.
Additionally, Pfizer has maintained a strong focus on expanding its overall portfolio, including the acquisition of Seagen, which is expected to bolster its market presence and operational revenue growth by 8-10% in 2024.
Geographical Presence
Pfizer Inc. operates extensively across the globe, with a significant presence in North America, including major operations in the United States and Canada.
In Europe, Pfizer maintains a strong foothold in both Western and Eastern Europe. The company is a key player in the Asia-Pacific region, with substantial activities in China, India, Japan, Australia, and New Zealand.
Latin America is also crucial, with notable operations in Brazil, Mexico, Argentina, and Chile. In the Middle East and Africa, Pfizer’s footprint includes South Africa, the UAE, Saudi Arabia, and other GCC countries, as well as growing engagement in Sub-Saharan Africa.
This extensive geographical presence supports Pfizer’s global market position and drives its continued growth and innovation.
Recent Developments
- In July 2024, Pfizer Inc. introduced the bivalent RSV prefusion F vaccine in Hong Kong.
- In June 2024, Pfizer Inc. was approved in Japan to market the Zabicefta Combination Intravenous Infusion, a beta-lactamase inhibitor antibiotic.
Archer-Daniels
Company Overview
| Establishment Year | 1902 |
| Headquarter | Chicago, Illinois, U.S. |
| Key Management | Juan Luciano (Chairman & CEO) |
| Revenue (US$ Bn) | $ 93.9 Billion (2023) |
| Headcount | ~ 41,802 (2023) |
| Website | http://adm.com/ |
About Archer-Daniels-Midland
Archer-Daniels-Midland Company (ADM) has been actively expanding its nutrition companies/sector through strategic acquisitions and innovations.
Recently, ADM acquired Revela Foods, enhancing its dairy and savory flavor capabilities. This acquisition is expected to bolster ADM’s presence in the $1.8 billion global dairy flavors market and the $3.2 billion global savory flavors market.
Additionally, ADM has been focusing on product innovation and sustainable solutions, with significant investments in its Human and Animal Nutrition units.
The company has also formed joint ventures, including Marathon Oil for renewable diesel production and Gevo for sustainable aviation fuel. These efforts are part of ADM’s broader strategy to drive growth and strengthen its position in the global nutrition market.
Geographical Presence
Archer-Daniels-Midland Company (ADM) operates globally, with a significant presence across North and South America, Europe, Asia-Pacific, Africa, and the Middle East.
Headquartered in Chicago, Illinois, ADM’s U.S. operations include grain elevators, oilseed crushing plants, and biofuel production sites.
In Canada, Brazil, and Argentina, ADM engages in grain handling and oilseed processing. The company has facilities throughout Western and Eastern Europe, China, India, and Australia, focusing on various aspects of agriculture and food processing.
In Africa, ADM operates in South Africa and Nigeria, while in the Middle East, it has facilities in the UAE. This extensive geographical footprint supports ADM’s global agribusiness and food processing activities.
Recent Developments
- In June 2024, ADM introduced seven turnkey pet product formulas that prioritize the holistic health of pets.
- In June 2024, ADM teamed up with Ooni Pizza Ovens to introduce a new line of flour made with regenerative agriculture practices.
Herbalife
Company Overview
| Establishment Year | 1980 |
| Headquarter | Los Angeles, California, U.S. |
| Key Management | Michael O. Johnson (Chairman & CEO) |
| Revenue (US$ Bn) | $ 5.06 Billion (2023) |
| Headcount | ~ 8,900 (2023) |
| Website | http://herbalife.com/ |
About Herbalife Nutrition
Herbalife Nutrition Ltd. has recently demonstrated strong performance in the nutrition companies/sector, driven by continuous product innovation and strategic initiatives.
In the second quarter of 2024, the company reported an adjusted EBITDA that exceeded its guidance, prompting a raised forecast for the full year.
This success is attributed to the launch of new products, including the GLP-1 Nutrition Companion Product Combos, which have been well-received in the market.
Additionally, Herbalife has focused on expanding its global reach and enhancing the competitiveness of its pricing strategy to stimulate growth in key markets.
The company also announced a share repurchase plan, emphasizing its commitment to returning value to shareholders.
Geographical Presence
Herbalife Nutrition Ltd. operates globally and has a significant presence in several key regions. In North America, it has a strong foothold in the U.S. and Canada.
In Latin America, Mexico, Brazil, and Argentina are major markets. The company’s European, Middle Eastern, and African operations include substantial markets like the UK, Germany, France, and South Africa.
In the Asia-Pacific region, Herbalife maintains a notable presence in China, India, Australia, and Japan. Its success across these diverse regions is supported by a tailored distribution network and localized marketing strategies, ensuring compliance with regional regulations and meeting varied consumer needs.
Recent Developments
- In April 2024, Herbalife Nutrition Ltd. secured a five-year partnership with the Mexican Olympic Committee to support and improve their training programs and facilities.
- In April 2024, Herbalife India teamed up with the Indian Institute of Management Bangalore to establish a supply chain sustainability lab.
Glanbia
Company Overview
| Establishment Year | 1997 |
| Headquarter | Kilkenny, Ireland |
| Key Management | Hugh McGuire (CEO) |
| Revenue (US$ Bn) | $ 5.4 Billion (2022) |
| Headcount | ~ 6,163 (2023) |
| Website | http://www.glanbia.com/ |
About Glanbia
Glanbia plc has been actively advancing its position in the nutrition companies/sector through several strategic initiatives and innovations.
In 2023, Glanbia achieved record earnings, highlighting its strong performance and growth trajectory. The company focuses on two core growth platforms: Glanbia Nutritional Solutions and Glanbia Performance Nutrition.
Recent developments include the launch of personalized performance products targeting hydration and energy needs, aligning with the trend of personalized nutrition.
Additionally, Glanbia has been expanding its market reach through the “Unlock More You” campaign and new brand partnerships, aiming to enhance consumer engagement and market penetration.
The company also emphasizes sustainability, with significant efforts in nature protection and transparent communication about its sustainability practices.
Geographical Presence
Glanbia plc, headquartered in Kilkenny, Ireland, operates with a significant international footprint. Its geographical presence includes key markets across Europe, such as Ireland and the U.K., as well as major North American operations in the United States and Canada.
In the Asia-Pacific region, Glanbia is established in China, Australia, and New Zealand. The company has also made strategic investments in Latin America, particularly Brazil, and has a presence in South Africa and the UAE, catering to the African and Middle Eastern markets.
This extensive global reach supports Glanbia’s diverse portfolio of dairy and nutritional products.
Recent Development
- In April 2024, Glanbia announced its plans to acquire Flavor Producers LLC.
- In March 2024, think! Introduced a new think! MINIS Protein Snack Bars in seven flavors.
Kerry
Company Overview
| Establishment Year | 1972 |
| Headquarter | Tralee, Ireland |
| Key Management | Edmond Scanlon (CEO) |
| Revenue (US$ Bn) | $ 8.7 Billion (2022) |
| Headcount | ~ 23,000 (2024) |
| Website | http://www.kerrygroup.com/ |
About Kerry Group
In 2024, Kerry Group expanded its nutrition companies/sector presence with the launch of a new digital Innovation Hub focused on supplements.
This hub offers resources like expert interviews, clinical research, and consumer insights addressing digestive, cognitive, and immune health.
Additionally, Kerry introduced its 2024 Global Taste Charts to highlight emerging trends and regional flavor preferences, aiding product development.
The company also launched Plenibiotic, a clinically-backed postbiotic for digestive and skin health, reflecting its commitment to integrating scientific research and consumer insights to drive growth in nutrition.
Geographical Presence
Kerry Group, a global leader in taste and nutrition, operates extensively across over 150 countries. Its European headquarters are in Tralee, Ireland, with major facilities in the UK, France, Germany, and Poland.
In North America, the company has significant operations in the U.S. and Canada, including key centers in Chicago and Toronto.
South American operations are based in Brazil and Argentina, while in Asia-Pacific, Kerry Group has a notable presence in China, India, Japan, and Australia.
The company’s footprint extends to the Middle East and Africa, with facilities in Dubai, South Africa, and Egypt. Kerry’s global strategy emphasizes local market adaptation, strategic acquisitions, and regional innovation hubs.
Recent Developments
- In May 2024, Kerry Group uncovered its novel digital innovation hub for supplements.
- In March 2024, Kerry Dairy launched Smug Dairy, which blends oats and dairy.
Coca-Cola
Company Overview
| Establishment Year | 1829 |
| Headquarter | Atlanta, Georgia, United States |
| Key Management | James Quincey (CEO) |
| Revenue (US$ Bn) | $ 45.8 Billion (2023) |
| Headcount | ~ 79,100 (2023) |
| Website | https://coca-colacompany.com/ |
About Coca-Cola Company
In 2024, The Coca-Cola Company has expanded into the nutrition companies/sector with several notable initiatives.
It launched the limited-edition Coca-Cola Happy Tears Zero Sugar on social media in the U.S. and U.K., which quickly sold out and engaged consumers.
The company also introduced Flashlyte, a hydration drink with six electrolytes, in Mexico. It expanded its Cappy juice line across Europe, Africa, and the Middle East with reduced-sugar and vitamin-fortified options.
Leveraging A.I. for market optimization in Latin America and adopting eco-friendly, lightweight packaging in India further demonstrate Coca-Cola’s focus on consumer trends and sustainability.
Geographical Presence
The Coca-Cola Company boasts a comprehensive global footprint, operating extensively across key regions.
In North America, the U.S., Canada, and Mexico are pivotal markets supported by a robust distribution network.
Latin America sees significant contributions from Brazil, Argentina, and Chile. In Europe, Coca-Cola maintains a strong presence in both Western Europe (e.g., the UK, Germany, France, Spain) and Eastern Europe (e.g., Russia, Poland, Turkey).
Africa’s focus includes South Africa and expanding into Sub-Saharan Africa. In the Asia-Pacific region, Coca-Cola is prominent in China and India, as well as in Australia and New Zealand.
The Middle East includes significant operations in Saudi Arabia, the UAE, and Turkey. Moreover, the company’s strategy emphasizes local production, tailored product offerings, and extensive distribution to serve diverse markets worldwide effectively.
Recent Developments
- In June 2024, the Coca-Cola Company launched a North American campaign for the Olympic and Paralympic Games, showcasing a diverse lineup of athletes and brands.
- In April 2024, Microsoft and The Coca-Cola Company unveiled a five-year strategic partnership to unify Coca-Cola’s technology strategy, drive the adoption of advanced technology, and enhance global innovation and productivity.
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