Swiss food major Nestle, famous for its products like Kitkat and Maggi, has admitted in an internal document that 60% of their products and beverages are unhealthy.
Financial Times who has accessed the documents, has told that 37% of Nestle products are the cause of revenues. These products do not include pet food and specialized medical nutrition, and they are rated 3.7 below the average rating system by the Australia health star rating system.
According to the reports, these unhealthy products cannot be ever be improved despite several efforts by the tech giants. Australian food system rates all products out of five for research. These products rated by the firm are for research purposes by international groups such as the Access to Nutrition Foundation.
But contrary to that, Nestle believes 3.5 is a good rating. The document declared some shocking revelations. It concluded that 96% of beverages and that includes pure coffee. 99% of the confectioneries and other frozen products are not up to the mark and considered unhealthy. Only 82% of water-based products, along with 60% of the dairy items, do not meet the threshold.
“We have made significant improvements to our products … [but] our portfolio still underperforms against external definitions of health in a landscape where regulatory pressure and consumer demands are skyrocketing,” the presentation said.
The data collected by Financial times does not include baby formula, pet food, coffee, and other health-based products. The product data that the company organized only contains products that help nestle collect £72.7 billion annually.
“Given the group’s confectionery, ice cream, and pizza businesses, the real figure for the group based on 2021 estimates would be 28%, which is hardly a surprise,” experts say in a note. He added that the report could point to changes in the product portfolio, notably an exit from mainstream confectionery.
The company is planning to drop these products. Or they plan to replace them, and these items could include confectionery and treats.