Kerry Group Announces EUR8bn Revenue for 2024, Taste & Nutrition Grows 3.4%

Kerry Group reported revenue of EUR8.0bn for 2024, with continuing operations contributing EUR6.9bn, as the Irish ingredients giant saw solid performance in its Taste & Nutrition division.

The company said its Taste & Nutrition unit, which supplies flavors and food ingredients globally, posted 3.4% volume growth, accelerating to 4.1% in the fourth quarter. The growth was driven by strong demand across foodservice and emerging markets.

Kerry also completed the divestment of its dairy business, Kerry Dairy Ireland, on December 31, marking a strategic shift to focus on its core ingredients and nutrition businesses.

CEO Edmond Scanlon highlighted the group’s resilience amid macroeconomic challenges, citing operational efficiencies and investment in innovation as key drivers of growth.

Kerry did not disclose its full-year net profit in the preliminary results but noted a positive margin trajectory. The company expects further expansion in 2025, with a focus on sustainable and high-value food solutions.