Competitor Strategies in Health and Nutrition

Delivery

This report comes in PPT.

Key Findings

Most of the top 10 players in HW had a successful year in 2020, thanks to the growing attention to healthy diets

HW packaged food and beverage players enjoyed a sales increase for HW products in 2020. COVID-19 encouraged consumers to choose healthier options when purchasing their food and drinks. As a result, in food and beverage industries, HW products outperformed non-HW variants in 2020, and are expected to do so over the forecast period.

Improving their immune system is a foremost concern for consumers

Consumer demand for immunity support is a high priority during the COVID-19 pandemic. Products linked to boosting immunity health saw sales soar. Probiotics experienced new heights, while expanding applications to wider food and drink products.

Key players in HW expand product portfolios through acquisitions and partnerships with innovative brands

The acquisition of brands across industries is a common strategy among players in HW to expand their product portfolios. For example, with the acquisition of fairlife, a dairy brand in North America, Coca-Cola expanded its product portfolio to HW packaged food categories including free from lactose milk and ice cream.

Top HW players invest in plant-based alternatives

Driven by the increasing demand for sustainable sourcing and nutritional benefits, plant-based alternatives continue growing. Nestlé is about to launch its first vegan Kit Kat and PepsiCo and Beyond Meat will create plant-based snacks.

Expansion of geographical coverage opens growth opportunities

With HW products often priced at the higher end compared to non-HW products, naturally global HW sales have been concentrated in developed markets. However, expanding geographical coverage is essential for further growth. As of 2020, Nestlé, Mondelez and Danone are the only companies with sales from emerging and developing markets exceeding or almost matching sales from developed markets.