Abbott Laboratories Inc

Euromonitor International's company profile, Abbott Laboratories Inc offers detailed strategic analysis of the company's business, examining its performance in the packaged food market. The report examines company shares by region and sector, brand portfolio and new product developments, market and distribution strategies, challenges from the competition and future prospects. Use it to understand opportunities and threats facing the business and the factors driving success .

Table of contents

1. INTRODUCTION

1.1 KEY FACTS

Summary 1 Abbott Laboratories Inc: Key Facts

2. CORPORATE OVERVIEW

2.1 FINANCIAL PERFORMANCE

Significant growth in 2004

Strong stock performance

Table 1 Abbott Laboratories Inc: Financial Summary 2000-2004

2.2 GEOGRAPHIC COVERAGE

Largest markets continue growth

Table 2 Abbott Laboratories Inc: Sales by Region 2000-2004

2.3 BUSINESS FOCUS

Four years of double-digit growth for Pharmaceuticals

MPG on 10-year high

Ross Nutritionals makes acquisition

International sales exceed expectations

Table 3 Abbott Laboratories Inc: Sales by Division 2000-2004

Table 4 Abbott Laboratories Inc: Operating Profit by Division 2000-2004

Chart 1 Abbott Laboratories Inc: % Sales by Division 2004

2.4 INTERIM RESULTS

Double-digit sales growth in first quarter

3. STRATEGIC OVERVIEW

3.1 OPERATIONAL STRATEGIES

Internal operations

External operations

Summary 2 Abbott Laboratories Inc: Business Agreements 2004

3.2 MARKET DEVELOPMENT

Table 5 Abbott Laboratories Inc: World Sales Performance of Company's Major Markets

4. PACKAGED FOOD BUSINESS OF ABBOTT LABORATORIES INC

4.1 PACKAGED FOOD BUSINESS DEVELOPMENT

Strong position in baby food gained through Ross Laboratories

Continued focus on product development

Important improvements to milk formula

Acquisitions enhance Abbott strength in nutional products

4.2 PACKAGED FOOD NET SALES & PROFITS

Table 6 Abbott Laboratories Inc: Packaged Food Sales 2002-2004a

5. ABBOTT LABORATORIES INC PERFORMANCE IN PACKAGED FOOD

5.1 COMPETITIVE CONTEXT

Similac the second largest milk formula brand

Market leader in convalescence drinks

Snack bars dominated by food companies

5.2 COMPANY WORLD MARKET SHARES

Market share gains in snack bars through acquisition of EAS

Abbott makes gains in meal replacements due to acquisition

Stable performance in milk formula

Table 7 Abbott Laboratories Inc: World Packaged Food Shares & Rankings by Sector 2001-2004

5.3 COMPANY SHARES BY REGION AND SECTOR

Strong positions in the North American market

Meal replacement products popular in Africa and the Middle East

Small milk formula share in growing Asia-Pacific market

Minor presence in other regions

Table 8 Abbott Laboratories Inc: Regional Shares of Packaged Food by Sector 2004

5.4 MARKETING STRATEGIES

Strong marketing support through Ross Products

Sponsor of summit on youth obesity

Isomil competition on calming baby

Product support through the internet

Supporting health projects

5.5 DISTRIBUTION STRATEGIES

Distribution through specialist salesforce

International distribution agreements

6. ABBOTT LABORATORIES INC PACKAGED FOOD BRAND ASSESSMENT

6.1 BRAND PORTFOLIO

Good fit with core pharmaceutical business

Wide range of milk formula brands

Specialist products for diabetic people

Nutrition for adults and children

6.2 NEW PRODUCT DEVELOPMENT

Successful extension of fatty acids

New products under Ensure brand

Innovative development in diabetic products

Packaging development

6.3 CORE BRANDS

Ensure

Table 9 Abbott Laboratories Inc: Ensure Brand Shares in Packaged Food 2001-2004

Table 10 Abbott Laboratories Inc: Ensure Regional Shares by Sector 2004

Isomil

Table 11 Abbott Laboratories Inc: Isomil Brand Shares in Baby Food 2001-2004

Table 12 Abbott Laboratories Inc: Isomil Regional Shares by Sector 2004

PediaSure

Table 13 Abbott Laboratories Inc: PediaSure Brand Shares in Baby Food 2001-2004

Table 14 Abbott Laboratories Inc: PediaSure Regional Shares by Sector 2004

Similac

Table 15 Abbott Laboratories Inc: Similac Brand Shares in Baby Food 2001-2004

Table 16 Abbott Laboratories Inc: Similac Regional Shares by Sector 2004

ZonePerfect

7. ABBOTT LABORATORIES INC PACKAGED FOOD STRATEGIC EVALUATION

7.1 ABBOTT LABORATORIES INC SECTOR POTENTIAL

New opportunities through further research and development

Strong growth forecast for meal replacement products

Further expansion into snack bars

Table 17 Abbott Laboratories Inc: World Sales Performance of Key Sectors of Involvement 2004

7.2 SWOT ANALYSIS

Strengths

Weaknesses

Opportunities

Threats

7.3 FUTURE PROSPECTS FOR PACKAGED FOOD BUSINESS

Focus on snack bars

Opportunities for baby food in the developing world

Possible expansion in meal replacement products

8. APPENDICES

8.1 APPENDIX 1 – ABBOTT LABORATORIES INC BRAND PORTFOLIO

Summary 3 Abbott Laboratories Inc: Packaged Food Brands 2004

8.2 APPENDIX 2 – SUBSIDIARIES AND AFFILIATES OF ABBOTT LABORATORIES INC

Summary 4 Abbott Laboratories Inc: Subsidiaries 2004

8.3 APPENDIX 3 – WEBSITES OF ABBOTT LABORATORIES INC

Summary 5 Abbott Laboratories Inc: Websites

8.4 APPENDIX 4 – HISTORY AND CORPORATE DEVELOPMENT

Summary 6 Abbott Laboratories Inc: Historical Development

8.5 APPENDIX 5 – COMPANY LOCATIONS

Summary 7 Abbott Laboratories Inc: Company Locations