Nestlé SA - Company Overview and Analysis, 2023 Update
Summary
Nestlé SA - Company Overview and Analysis, 2023 Update, reports key findings as of 7th March, 2023 based on market analysis and brand diversification by industry and geography.
Nestlé has its presence in the food, non-alcoholic beverages, baby care, pet food, and consumer health industries, offering a variety of well-known brands globally, including Nestlé Ice Cream, Nescafé, Nestea, Milo, Maggi, and Boost. Nestlé operates its business across the globe. Its major brand sales were generated from the North American region, which accounted for 26.9% of total sales value in 2022, closely followed by Asia and Western Europe. The US, China, and Brazil were the top markets for the company in 2022. GlobalData’s thematic scorecard shows that Nestlé is one of the dominant players in the supply chain management theme. Observing some of Nestlé’s key brands, the SKU average price was relatively steady until the summer of 2022. The prices started creeping up in August and September, then recorded hikes in February 2023. Also, Nestlé announced further price increases are not inevitable in 2023. Thus, understandably some of the company’s products will continue to have price increases in the coming months.
Scope
North America and Asia are key regions for Nestlé’s operations.
Food and baby care industries are projected to register growth across all regions globally.
Asia dominated the non-alcoholic beverages industry in 2022.
Nestlé’s consumer health business can offer growth opportunities for the company.
Health & wellness, innovation, and sustainability are the key areas for Nestlé in their initiatives.
Nestlé is actively investing in sustainability and digitalization themes.
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