Current:Home > MarketsEthermac Exchange-Nestle to launch food products that cater to Wegovy and Ozempic users -Excel Wealth Summit
Ethermac Exchange-Nestle to launch food products that cater to Wegovy and Ozempic users
SignalHub Quantitative Think Tank Center View
Date:2025-04-11 11:10:03
Nestle is Ethermac Exchangelaunching a new line of high-fiber, protein-packed foods directed at the growing number of Americans on Wegovy or Ozempic, and others trying to lose weight.
Called Vital Pursuit foods, the products are "well-suited to support a balanced diet for anyone on a weight management journey" the Swiss food and beverage maker said Tuesday, but "are portion-aligned" for consumers taking GLP-1 medications, also known as semaglutides. Twelve newly designed food items — including whole grain bowls, sandwich melts and pizzas —
will hit select stores nationwide toward the end of this year, Nestle added.
"We know that every consumer on a health journey has individualized needs and considerations, and having options to support those needs will continue to play an important role," Tom Moe, president of Nestle USA Meals Division, said in a statement.
Nestle's move comes as GLP-1 medications are becoming more widely used for weight management and other newly discovered potential health benefits. Ozempic, Mounjaro, Wegovy and Zepbound were originally prescribed for managing Type 2 diabetes because they help regulate blood sugar. But the medications also send a signal to the brain that the stomach is full, which leads patients to eat less than they normally would have.
The drugs' effectiveness in reducing appetite has generated concern from food retailers including Conagra and Nestle, who fear the medications could take a bite out of their profits.
About 9 million prescriptions were written for GLP-1 medications in the fourth quarter of 2022, according to analytics firm Trilliant Health. GLP-1 users are expected to reach 30 million by 2030, according to JPMorgan, which predicts the semaglutide market will exceed $100 billion that same year. Morgan Stanley Research analysts estimate in a recent report that 24 million people, or 7% of the U.S. population, will be using the drugs by 2035.
As more Americans take GLP-1 medications, Nestle executives "see an opportunity to serve those consumers," Nestle North America CEO Steve Presley said in a statement Tuesday.
Other food producers see the same opportunity. Vegan meal delivery service Daily Harvest launched a GLP-1 medication friendly line of 15 foods in January that's $20 a day for a five-day meal plan. Abbott Laboratories also announced a protein-laden drink that can be used by consumers taking GLP-1.
Nestle, the parent company of DiGiorno pizza and Stouffer's frozen meals, said it will price each food item at $4.99 but retailers may change that figure. A new line of foods appears to be one of several steps Nestle is taking to capture the weight loss consumer.
Nestle CEO Mark Schneider said in an earnings briefing last year that the company is developing supplements to help people on GLP-1 medications get the vitamins and nutrients they might need when consuming fewer calories.
- In:
- Wegovy
- Ozempic
- Weight Loss
Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy.
TwitterveryGood! (5458)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Bradley Cooper Reacts to Controversy Over Wearing Prosthetic Nose in Maestro
- Messi leaves match at Maracanã early, Argentina beats Brazil in game delayed by fight
- Patrick Mahomes can't throw the ball and catch the ball. Chiefs QB needs teammates to step up.
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- New AP analysis of last month’s deadly Gaza hospital explosion rules out widely cited video
- Why Sarah Paulson Credits Matthew Perry for Helping Her Book TV Role
- South Korea partially suspends inter-Korean agreement after North says it put spy satellite in orbit
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Germany to extradite an Italian man suspected in the killing of a woman that outraged Italy
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- As New York Officials Push Clean Hydrogen Project, Indigenous Nation Sees a Threat to Its Land
- Roll your eyes, but Black Friday's still got it. So here's what to look for
- Feds push for FISA Section 702 wiretapping reauthorization amid heightened potential for violence
- All That You Wanted to Know About She’s All That
- NFL disability program leaves retired Saints tight end hurting and angry
- The US has thwarted a plot to kill a Sikh separatist leader, an AP source says
- Bob Vander Plaats, influential Iowa evangelical leader, endorses DeSantis
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Escaped inmate facing child sex charges in Tennessee captured in Florida
EU lawmakers reject proposal to cut the use of chemical pesticides by 50% by 2030
Officials identify man fatally shot by California Highway Patrol on Los Angeles freeway; probe opened by state AG
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Truce deal raises hopes of freeing hostages in Gaza and halting worst Mideast violence in decades
Mega Millions winning numbers: Check your tickets for $287 million jackpot
Pilot dies after small plane crashes in Plano, Texas shopping center parking lot: Police