Kerry Group (KRZ) Consumer Analyst Group of New York Conference (CAGNY) 2025 summary

Business transformation and strategic focus

• Transformed into a pure play taste and nutrition company, divesting Dairy Ireland and consumer foods, and investing EUR 3 billion in science and technology from 2017-2024.

• Achieved EUR 7 billion in revenue and EUR 1.2 billion EBITDA in 2024, reaching 1.4 billion consumers globally.

• Built a robust innovation platform with 1,200 scientists, over 1,200 patents, and 70+ innovation centres.

• Strategic acquisitions in health, enzymes, and food protection have strengthened differentiated solutions and global reach.

• Focused on sustainable nutrition, foodservice, and emerging markets as key growth drivers.

Market opportunities and industry context

• Operates in an EUR 85 billion specialty ingredients and flavours market, with a EUR 15 billion penetration opportunity driven by reformulation and renovation.

• Consumer trends driving demand include health, wellbeing, natural ingredients, authentic taste, and convenience.

• Strong demand for nutritional enhancements, cleaner labels, and sustainability, especially in salt and sugar reduction.

• Leadership in salt reduction technology led to double-digit snack volume growth in 2024.

• Foodservice channel outperformed retail, with 70% organic growth since 2017.

Innovation, customer solutions, and business model

• Enabled a leading marinara sauce brand to reduce sodium by 30% without compromising taste, setting a new industry standard.

• Developed sustainable citrus extender technology to address supply volatility and cost for global beverage manufacturers.

• Unique foodservice business model and embedded customer partnerships drive menu innovation and rapid scaling for clients.

• Focused on joint partnerships, core renovations, and LTO innovations to address evolving consumer and regulatory demands.

• Ongoing investment in R&D and partnerships underpins leadership in taste, biotechnology, and application solutions.