Latest news with #infantfood
Yahoo
10-07-2025
- Business
- Yahoo
Kraft Heinz Announces Agreement to Sell Italian Baby and Specialty Food Business to Italy's NewPrinces Group
Transaction Expected to Close at end of 2025, Subject to Regulatory Approval PITTSBURGH & CHICAGO, July 10, 2025--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) ("Kraft Heinz" or the "Company") announced today that it has entered into an agreement to sell its infant and specialty food business in Italy to NewPrinces S.p.A. ("NewPrinces" and, together with its subsidiaries, the "NewPrinces Group"), one of the country's leading food and beverage proposed transaction is expected to close at the end of 2025, subject to regulatory review and approval. The agreement will see NewPrinces purchase the infant food brands Plasmon, Nipiol and Dieterba, and specialty food brands Aproten and Biaglut. It also includes the purchase of Kraft Heinz's production facility in Latina, Italy, which manufactures products for some of these brands. "This marks an important milestone in driving our strategy across Europe and the Pacific, enabling us to fuel investment and growth in our core areas, and enhance focus on our Accelerate platforms," says Willem Brandt, President, Europe and Pacific Developed Markets, Kraft Heinz. "It's a great example of how we're intentionally and proactively managing our portfolio to accelerate organic growth and drive sustainable, long-term value." The transaction supports Kraft Heinz's strategy to drive profitable growth through its Accelerate platforms, which include HEINZ Tomato Ketchup and other "Taste Elevation" products, such as mayo, table sauces, culinary products, and pasta sauces. In Italy, HEINZ has continued to see consistent growth across Retail and Away from Home channels, significantly increasing market share in the Taste Elevation category. Located in the Lazio region of central Italy, Kraft Heinz's Latina factory employs around 300 people who make approximately 1.8 billion biscuits per year for Italy's Plasmon brand. The factory and its employees will continue to operate as usual under NewPrinces ownership after the transaction is completed. "I'm confident this portfolio of iconic brands will thrive in the capable hands of the NewPrinces Group – a market leader in the food and beverage industry, including in specialised nutrition, with a strong Italian heritage and ambitious growth plans," says Carmela Bazzarelli, Managing Director, Kraft Heinz Italia. "We remain committed to Italy and growing our iconic HEINZ brand across the country." The NewPrinces Group is a specialised food and beverage company with a global supply network offering a wide range of branded and private label products across the UK and Europe. Formerly known as Newlat Food, the Group was rebranded as NewPrinces Group following its acquisition of Princes Limited in 2024. Its portfolio includes well-known brands such as Princes, Napolina, Delverde, Branston (beans), Flora, and more. The Kraft Heinz Company was advised by Houlihan Lokey as financial advisor, and Chiomenti and Gibson Dunn as legal counsel. EY provided transaction support. Kraft Heinz is now entering a mandatory consultation period with the local unions in Italy. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2024 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting or following us on LinkedIn. Forward-Looking Statements This press release contains a number of forward-looking statements. Words such as "believe," "expect," "intend," "focus," "accelerate," "grow," "will," "drive," "enhance," "create," and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the assets included in the proposed sale, that the sale is subject to customary closing conditions including regulatory clearances, the anticipated number of affected employees, the timing of closing, expected benefits of the proposed sale, impacts of the proposed sale on the Company's business, financial results, opportunities, and future plans, and other statements that are not historical facts, each of which is based on the Company's current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond the Company's control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, the timing of or failure to obtain necessary regulatory approvals or to satisfy any of the other conditions to the sale, the Company's ability to achieve intended benefits of the sale, the expected costs of the transaction, the success of business transitions, and the risk factors set forth in the Company's filings with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. The Company disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. View source version on Contacts Media Contact:The Kraft Heinz CompanyMedia@
Globe and Mail
05-06-2025
- Business
- Globe and Mail
Infant Food Market to Hit Valuation of $122.02 Billion by 2030 – Exclusive Research Report by Arizton
"Infant Food Market Research Report by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to Arizton's latest research report, the global infant food market is growing at a CAGR of 2.52% during 2024-2030. Looking for More Information? Click: Report Scope: Market Size (2030): $122.02 Billion Market Size (2023): $105.11 Billion CAGR (2023-2029): 2.52% Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 Market Segmentation: Product Type, Distribution Channel, and Geography Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa Global Infant Food Market Sees Growth Driven by E-Commerce and Premium Product Trends The global infant food market is experiencing significant growth, driven by a combination of increasing disposable incomes, urbanization, and evolving lifestyles. This growth spans across key product segments, including infant formula, prepared infant food, and dried infant food, as rising awareness around the importance of nutrition during the first 1,000 days of life fuels demand for nutrient-rich products. Educational campaigns from governments, non-profits, and brands are further raising awareness, while the shift toward dual-income households is increasing the need for convenient, ready-to-feed options. E-Commerce and Direct-to-Consumer Models Boost Accessibility The rise of e-commerce and direct-to-consumer models has significantly improved the accessibility of infant food, especially in emerging economies. Subscription-based services and personalized nutrition platforms are offering added convenience, making it easier for parents to access high-quality, tailored infant nutrition. North America and Europe are seeing a surge in demand for premium, organic, and functional products, while regions like Asia-Pacific, Africa, and Latin America are contributing to market growth, thanks to high fertility rates and rapid urbanization. Key markets such as China and India, with their large infant populations, are becoming central drivers of global demand. Diverse Distribution Channels Fuel Market Growth The infant food market is leveraging a broad range of distribution channels to cater to its diverse consumer base. Supermarkets and hypermarkets, such as Walmart and Tesco, offer a wide selection of products, including dedicated baby food sections, providing a convenient shopping experience. Pharmacies and drugstores focus on specialized products, including infant formula and dietary supplements designed for medical or nutritional needs. Online platforms like Amazon and FirstCry are making it easier for parents to browse and purchase infant food from the comfort of their homes, while convenience stores cater to quick, on-the-go purchases. Specialty baby stores, direct sales, and hospitals/clinics further contribute to the market by offering tailored infant food products, ensuring widespread accessibility and supporting continued market growth. Recent Vendor Developments Nestlé India (October 2024): In response to controversy over high sugar content in its Cerelac product, Nestlé India launched "no refined sugar" variants of the Cerelac range. The expanded lineup now includes 21 variants, 14 of which are free from refined sugar, aiming to offer parents healthier options for their children's nutrition. Perrigo Company (September 2024): Perrigo announced a new brand partnership between Good Start and Dr. Brown's, focused on innovative infant formula solutions. Abbott (August 2024): Abbott expanded its Pure Bliss by Similac line with the introduction of organic, European-made infant formulas, offering more choices for health-conscious parents. Nestlé (2024): Nestlé is further broadening its infant nutrition portfolio with six new products, including GERBER baby fruit smoothies, desserts, and nutrient-rich wholegrain cereals like Nestlé Junior Strawberry, designed to meet the evolving dietary needs of young children. Competitive Landscape and Future Market Trends The global infant food market is highly competitive, with major players such as Abbott, Danone, Hero Group, Nestlé, Perrigo, and Reckitt Benckiser Group leading the charge. These companies are leveraging their strong brand recognition and extensive distribution networks to maintain a competitive edge. Product differentiation and pricing strategies are common as these players strive for brand loyalty, with parents tending to favor trusted names in infant nutrition. Looking ahead, the market is expected to see continued innovation, with developments in personalized nutrition, probiotic-enriched formulas, and plant-based infant foods. In addition, consumer preferences are shifting toward eco-friendly packaging and ethically sourced ingredients, trends that are expected to shape the market's future growth trajectory. Key Vendors Abbott Danone Hero Group Nestlé Perrigo Reckitt Benckiser Group Asahi Group Holdings Ausnutria Dairy Bobbie ByHeart Dana Dairy Group Else Nutrition Feihe FrieslandCampina H&H Group HiPP Kewpie Corporation Kraft Heinz Company Little Spoon Sprout Organics The Hain Celestial Group Walgreen Yili Group Yumi Segmentation & Forecast Product Type Infant Formula Prepared Infant Food Dried Infant Food Others Distribution Channel Supermarkets & Hypermarkets Pharmacies & Drugstores Online Channels Convenience Stores Others Geography APAC China India Japan South Korea Australia North America The US Canada Europe Germany France The UK Italy Spain Middle East & Africa Turkey Saudi Arabia South Africa Latin America Brazil Mexico Argentina Key Questions Answered in the Report: How big is the global infant food market? What are the factors driving the global infant food market growth? What is the growth rate of the global infant food market? Which region will have the highest CAGR in the global infant food market? Who are the major players in the global infant food market? Check Out Some of the Top Selling Research Reports: U.S. Baby Feeding Bottles Market - Focused Insights 2024-2029 U.S. Pediatric Supplements Market - Focused Insights 2024-2029 Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 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