Coffee innovation drives growth at Nestle [Video]

Across the whole company, the Swiss chocolate-to-pet food giant boasted 15% more innovation and renovation launches in H1 2024 than in H1 2023, with a total planned increase to 20% by year-end.

With global coffee heavyweights such as Nescafé and Nespresso already the highlight of Nestlé’s H1 sales: with the company emphasizes the promise of innovations such as Nescafé Ice Roast Coffee, Nescafé cold-concentrate and the Vertuo system.

Vertuo: Coffee+ and more

Reporting its H1 2024 sales last week, Nestlé’s group sales saw organic growth of 2.1%.

Coffee was the largest organic growth contributor with mid single-digit growth, driven by the three leading global coffee brands Nescafé, Nespresso and Starbucks (Nescafé and Nespresso being major Nestle brands; while it covers Starbucks in retail outside the US via a global agreement with the coffee giant​​).

Nespresso grew to sales of CHF 3.1bn ($3.5bn), representing 1.8% organic growth.

North America was the best growth market for the brand: thanks to the continued popularity …