Nestle, PepsiCo Invest in Nutrition Research
Both Nestlé and PepsiCo have announced plans to expand nutrition research and development.
Both Nestlé and PepsiCo have announced plans to expand nutrition research and development.
PepsiCo will create a Global Nutrition Group in Chicago “to deliver breakthrough innovation in the areas of fruits and vegetables, grains, dairy, and functional nutrition.” The company says it plans to grow its nutrition business from $10 billion today to $30 billion by 2020.
Nestlé will found the Nestlé Institute of Health Science “to pioneer a new industry between food and pharma.” Research will examine the role of nutrition in targeting health conditions such as diabetes, obesity, cardiovascular disease, and Alzheimer’s disease, the company said.
“Personalized health science nutrition is about finding efficient and cost-effective ways to prevent and treat acute and chronic diseases in the 21st century,” said Nestlé chairman Peter Brabeck-Letmathe.
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