Nestlé: buys US plant-based food maker Sweet Earth.
(CercleFinance.com) - Nestlé has acquired Sweet Earth, a plant-based food manufacturer, as the Swiss food giant seeks to adapt to a rapidly changing US market.
The Sweet Earth acquisition follows Nestlé's recent equity stake taken in Freshly, a direct-to-consumer delivery service, as the company evolves into new products and categories to match changing consumer preferences.
The plant-based foods segment is expected to post double-digit growth, becoming a market worth 5 billion dollars by 2020.
Based in California, Sweet Earth makes frozen meals, burritos, and breakfast sandwiches.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The Sweet Earth acquisition follows Nestlé's recent equity stake taken in Freshly, a direct-to-consumer delivery service, as the company evolves into new products and categories to match changing consumer preferences.
The plant-based foods segment is expected to post double-digit growth, becoming a market worth 5 billion dollars by 2020.
Based in California, Sweet Earth makes frozen meals, burritos, and breakfast sandwiches.
Copyright (c) 2017 CercleFinance.com. All rights reserved.