Driven By Sustainability, Nestlé Sold $860 Million Worth of Plant-Based Food In 2021
Sales across the board for Nestlé grew by more than three percent in 2021 to more than $94 billion USD. One of the food giant’s biggest drivers: plant-based food.
Nestlé’s plant-based portfolio includes vegetarian brands Garden Gourmet, Natural Bliss, Vuna, and Sweet Earth. But it’s also including offerings from across its portfolio including dairy-free KitKat bars, and Nescafé products, among others. Sales of vegetarian and plant-based food grew at double digits (Nestle did not divulge the exact figure) for the Swiss multinational, according to its full-year sales results. The category reached about $860 million USD.
“In 2021, we remained focused on executing our long-term strategy and stepping up growth investments, while at the same time navigating global supply chain challenges,” Mark Schneider, Nestlé CEO, said in a statement accompanying the report.
“Our organic growth was strong, with broad-based market share gains, following disciplined execution, rapid innovation and increased digitalization. We limited the impact of exceptional cost inflation through diligent cost management and responsible pricing. Our robust underlying earnings per share growth shows the resilience of our value creation model,” he said.