Nestlé's new R&D centre in Switzerland that will develop new dairy products but also new plant-based alternatives to traditional food products.
ADVERTISEMENT
Swiss giant Nestlé is targeting accelerated growth in sales of plant-based products. The company this week unveiled a new R&D centre in Switzerland that will develop new dairy products but also new plant-based alternatives to traditional food products.
Speaking to news agency Reuters, Nestlé CEO Mark Schneider said the interest in plant-based alternatives has been on the rise for a number of reasons such as health perceptions but also because of the recent problems seen in the meat industry where meat plants all over the world were forced to close due to COVID-19 clusters.
Nestlé's new research facility in Konolfingen, Switzerland.
ADVERTISEMENT
Nestlé is launching a plant-based version of its famous Nesquick milk drink and is also launching a new version of its vegan burger option. The company also said it plans to introduce plant-based alternatives for chocolate and ice-cream in the coming year.
In the first half of 2020, Nestlé’s sales of plant-based products jumped by 40% to reach €185m. However, this is just a tiny fraction of Nestlé’s overall business with annual sales close to €90bn.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Swiss giant Nestlé is targeting accelerated growth in sales of plant-based products. The company this week unveiled a new R&D centre in Switzerland that will develop new dairy products but also new plant-based alternatives to traditional food products.
Speaking to news agency Reuters, Nestlé CEO Mark Schneider said the interest in plant-based alternatives has been on the rise for a number of reasons such as health perceptions but also because of the recent problems seen in the meat industry where meat plants all over the world were forced to close due to COVID-19 clusters.
Nestlé's new research facility in Konolfingen, Switzerland.
Nestlé is launching a plant-based version of its famous Nesquick milk drink and is also launching a new version of its vegan burger option. The company also said it plans to introduce plant-based alternatives for chocolate and ice-cream in the coming year.
In the first half of 2020, Nestlé’s sales of plant-based products jumped by 40% to reach €185m. However, this is just a tiny fraction of Nestlé’s overall business with annual sales close to €90bn.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS