Health, Nutrition & Care
Operating environment

Discover more
Reporting period

The Business Reviews include information from the combined entity for 12 months, which includes Firmenich as of 1 January 2023 (pro forma, see Concepts and ratios). It also includes information that is presented in accordance with IFRS, which includes Firmenich from the merger date onwards – whenever this is used this is specifically indicated.

Our industry experienced challenging market conditions. External geopolitical factors and inflation drove up energy, raw material procurement and production costs. Simultaneously, dietary supplements market was impacted by pressure on consumer discretionary spend, especially in North America, and lower demand for immunity-supporting solutions post COVID. Early life nutrition market faced a high comparable period (due to product shortages in North America), further exacerbated by a continuing decline in birth rates (especially in China – the largest ELN market) and ongoing destocking.

Successful launch of vitamin transformation program

In response to the exceptionally challenging macroeconomic environment in the vitamins industry, in mid-2023 the company embarked on a major restructuring program in its vitamin activities to reduce costs and restore profitability. More details on the vitamin transformation program are available under Financial performance.

Philip Eykerman, Business Unit President Health, Nutrition & Care

Health, Nutrition & Care significantly expanded its portfolio and capabilities. This expansion represents a step-change in our ability to serve rapidly evolving customer and consumer needs for enhanced nutrition and well-being solutions.

Philip Eykerman Business Unit President Health, Nutrition & Care

Mint with Purpose: A new farming model for sustainable value

read the story

Case study: Combining our capabilities for a three-way win

read the story

Case study: Enabling sustainable aquaculture with Sustell™

read the story

Topic filter