Swiss food and drinks giant Nestle said today (November 29) it will invest R$6bn ($1.23bn) in Brazil by the end of 2025, as the company seeks to grow its business and expand manufacturing capacity there.

According to Reuters, the investment will include building a new Purina plant in the southern part of the country, as well as launching a new KitKat production line at its facility in Cacapava.

The food and baby care industries in Latin America are forecast to record a compound annual growth rate (CAGR) of 4.3% and 3.2%, respectively, in the next four years.

In 2022, around 14% of Nestle’s brand sales came from Latin America – below North America (26.9%), Asia (25.8%) and West Europe (21.2%). GlobalData experts expect sales in all regions, except in consumer health in Africa, to grow between 2022-27.

As of November 2023, Nestle had a market capitalisation of $302.03bn, according to Companies Market Cap. The company has been the most active food greenfield investor between Q1 2019 and Q3 2023, data gathered by GlobalData’s FDI Projects Database shows.

Nestle’s top destination countries (by number of greenfield projects) were the US, Brazil and China. These three countries account for 48% of its total number of food investments.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.