Kerry Group

Kerry Group plc (ISE: KRZ) is a global taste and nutrition company headquartered in Tralee, Ireland. Founded in 1972, Kerry has grown to become a world leader in sustainable nutrition for the food, beverage and pharmaceutical markets. For the full year 2023, Kerry reported revenues of EUR 7.9 billion.

Kerry's Taste & Nutrition division offers a broad range of ingredients and flavors for the food and beverage industry. Its portfolio includes flavors, dairy and lipid systems, emulsifiers, enzymes, nutritional ingredients, taste modulators, and functional ingredients. The company has a strong focus on innovation, with over 1,100 R&D scientists on staff developing solutions in areas like authentic taste, food preservation, plant-based alternatives, and health ingredients. Kerry also operates a Consumer Foods division in Ireland, producing chilled foods, dairy products and meat alternatives under brands like Dairygold and Cheestrings.

In recent years, Kerry has pursued a strategy of divesting non-core businesses while expanding in high-growth areas through acquisitions. In 2023, the company sold its Sweet Ingredients Portfolio to IRCA for EUR 500 million. Kerry has made several acquisitions to bolster its biotechnology and nutrition capabilities, including purchases of companies specializing in enzymes, probiotics, and botanical extracts. The company aims to reach over 2 billion consumers with sustainable nutrition solutions by 2030 as part of its sustainability goals.