Blog: Nestle confirms emerging market targets
Katy Askew | 6 November 2012
Swiss food group Nestle has confirmed that it hopes to generate around half of its sales in emerging markets by 2020.
Nandu Nandkishore, Nestlé Zone Director for Asia, Oceania, Africa and Middle East commented: "Globally emerging markets I believe contribute about 40% of Nestle's business at this point of time... and [the] expectation is that by the end of the decade it should reach 50%"
Nestle's revenue growth in emerging markets is outpacing that in developed economies. During the first nine months of this year, Nestle said that emerging market sales rose 11.7%, compared to growth of just 2.4% in developed markets.
In a bid to continue this growth in emerging markets apace, Nestle is focused on expanding its routes to market and enhancing its product offering. The company recently announced that it will open two R&D centres in China to support local product development.
And Nestle - like many of its peers - looking well beyond the highly publicised opportunity presented by the BRIC economies. In this month's just-food interview, to be published in the coming weeks, we will be speaking to Nestle equatorial Africa region head Ian Donald on the company's plans to grow in the region.
Growing demand for organic foods in the US is propelling sales in the sector. Organic products are moving from their niche to gain mainstream traction. Penetration is high - more than 80% of families ...
The health story of 2014 has been the debate over the impact sugar has on obesity. The issue hit the headlines in January and has stayed there, with only yesterday a study published in the UK calling ...
With demand for gluten-free on the rise, retailers in a number of countries have been building ranges of products to capitalise on a significant growth spot in challenging trading conditions. In the U...
France's fifth- and sixth-largest retailers, Auchan and Système U, are to team up on buying - with the companies to work together when dealing with international brands....
- M&A Watch: Why Danone/Lifeway deal could be next
- Focus: The impact of Heinz's stevia ketchup
- Focus: Gen Mills turns to M&A to bolster US ops
- Shopper trends: Some confidence but promos popular
- Viewpoint: US health food in play - at a price
- Burton's "eyeing" United Biscuits merger
- Premier Foods revamp creates three divisions
- General Mills Q1 profits tumble
- Unilever to boost presence in Nigeria
- WhiteWave to buy dairy-free firm So Delicious