{"id":14272,"date":"2021-04-16T15:30:20","date_gmt":"2021-04-16T19:30:20","guid":{"rendered":"https:\/\/www.veriheal.com\/blog\/?p=14272"},"modified":"2024-07-22T12:49:43","modified_gmt":"2024-07-22T16:49:43","slug":"nestle-and-other-big-food-conglomerates-enter-the-cannabis-market","status":"publish","type":"post","link":"https:\/\/www.veriheal.com\/blog\/nestle-and-other-big-food-conglomerates-enter-the-cannabis-market\/","title":{"rendered":"Nestl\u00e9 and Other Big Food Conglomerates Enter the Cannabis Market"},"content":{"rendered":"

With the cannabis industry growing bigger and more popular, it is no wonder that the cannabis edibles and beverage industry would follow suit. The cannabis compounds, cannabidiol (CBD) and tetrahydrocannabinol (THC) are increasingly becoming available in an array of mouthwatering foods and beverages, including the likes of chocolate, coffee, energy drinks, wine, ice cream, and honey. Now, big-name food conglomerate companies are trying to enter the cannabis market in order to appeal to this increasing consumer base.\u00a0<\/span><\/p>\n

The cannabis food and beverage market has seen a big growth and is predicted to have grown, and will grow, by 25.4% from 2019 to 2025,<\/span> according to Financial News Media<\/span><\/a>. This growth is estimated at a value of $11.5 billion, making it a no-brainer to jump on board this gravy train if possible. While many major food and beverage companies such as Coca-Cola and Hershey Co, have expressed their interest in incorporating CBD but action is yet to be seen from many clothes players.\u00a0<\/span><\/p>\n

Ben & Jerry\u2019s CBD ice cream <\/a><\/span>caused a lot of excitement amongst cannabis and ice-cream lovers. Now, Nestl\u00e9, a big-time beverage, and food conglomerate is looking to enter the cannabis market <\/span>along with the likes of Kraft Heinz, Molson Coors, Moosehead, Carl\u2019s Jr, and Seneca Foods<\/span>.\u00a0 As far as international reach goes Nestl\u00e9 has provided many countries with delicious beverages, cereals, chocolates, confectionery, baked goods, frozen food, supplements, baby food, instant foods, and even pet food.\u00a0<\/span><\/p>\n

Nestl\u00e9 Joins the Cannabis Industry\u00a0<\/strong><\/h2>\n

The Swiss multinational food and drink processing conglomerate corporation is home to many loved and well-known food and beverages including KitKat and Smarties, Nesquik, Milo, Nescafe, and Nespresso, Cheerio\u2019s, Maggi noodles as well as Nestea. Nestl\u00e9 has around 447 factories that operate in 189 countries and even holds shares in other large companies such as L\u2019Oreal.\u00a0<\/span><\/p>\n

Nestl\u00e9 was formed in 1905 as a merger between two companies owned by George and Charles Page, and Henri Nestl\u00e9. Now, this Switzerland-based company has introduced a line of CBD-infused products through one of their brands known as Garden of Life. The Nestl\u00e9 owned Garden of Life includes CBD liquid drops, CBD whole hemp extract spray as well as CBD PlantGel softgels. Garden of Life has said that it will be partnering with Geocann, and Pure Encapsulations, in order to work together for cannabis formulations and drug delivery systems in order to provide the best products.\u00a0<\/span><\/p>\n

George Behar, the CEO of Nestl\u00e9 Health Services SA, explains<\/a> that Nestl\u00e9 will be the first to offer a \u201cnational supplement brand\u201d <\/span>which supplies CBD oil. Mr. Behar also explains Nestl\u00e9 will be setting the right standards in CBD products due to:<\/span><\/p>\n