Quest Nutrition: Difference between revisions
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{{Short description|American food company}} |
{{Short description|American food company}} |
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{{Infobox company |
{{Infobox company |
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| name = Quest Nutrition |
| name = Quest Nutrition |
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| logo = |
| logo = Quest Nutrition logo.svg |
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| logo_size = |
| logo_size = 200px |
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| type = [[Subsidiary]] |
| type = [[Subsidiary]] |
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| parent = The Simply Good Foods Company |
| parent = The Simply Good Foods Company |
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| location = [[El Segundo, California]], U.S. |
| location = [[El Segundo, California]], U.S. |
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| key_people = |
| key_people = |
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| revenue = |
| revenue = $345 million (2019)<ref name="inc" /> |
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| homepage = {{URL|https://questnutrition.com}} |
| homepage = {{URL|https://questnutrition.com}} |
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}} |
}} |
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'''Quest Nutrition''' is an American food company that specializes in [[protein bar]]s, [[protein shake]]s, [[protein supplement|protein powder]], and various high-[[protein]] |
'''Quest Nutrition''' is an American food company that specializes in [[protein bar]]s, [[protein shake]]s, [[protein supplement|protein powder]], and various other high-[[protein]] foods. It was founded by Tom Bilyeu, Mike Osborn, and Ron Penna in 2010. In 2019, it was acquired by The Simply Good Foods Company, the parent company of [[Atkins Nutritionals]]. |
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== History == |
== History == |
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Quest Nutrition was founded |
Quest Nutrition was founded in 2010 in [[El Segundo, California]], by Tom Bilyeu, Mike Osborn, and Ron Penna, who had recently sold their [[data loss prevention software]] company [[Awareness Technologies]].<ref name="inc">{{cite web |last1=Weisul |first1=Kimberly |title=From Bootstrapped to Billion-Dollar Exit: Quest Nutrition Sells to Atkins Bars Maker |url=https://www.inc.com/kimberly-weisul/quest-nutrition-atkins-protein-bar-simply-good-foods-billion.html |website=[[Inc. (magazine)|Inc.]] |access-date=19 July 2024 |date=22 August 2019}}</ref><ref name="breeze" /> Inspired in part by [[obesity]] in Bilyeu's family, Quest aimed to create [[protein bar]]s and other high-[[protein]] snacks with no [[added sugar]].<ref name="ba" /> Their first product was a protein bar based on a recipe developed by Penna's wife Shannan Penna, who was a [[fitness trainer]] at the time.<ref name="inc" /> |
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Quest grew rapidly in its first few years, becoming the second fastest-growing private company in the United States in 2014, with over 57,000% three-year revenue growth according to ''[[Inc. (magazine)|Inc.]]'' magazine.<ref>{{cite web |last1=Feloni |first1=Richard |title=The 10 Fastest-Growing Private Companies In The US |url=https://www.businessinsider.com/fastest-growing-private-companies-in-us-2014-8 |website=[[Business Insider]] |access-date=25 July 2024 |date=20 August 2014}}</ref> The company's growth was largely driven by [[influencer marketing]], sending free protein bars to fitness [[influencer]]s with large followings on [[social media]]; as Bilyeu explained, "People with [[six pack abs|six packs]] are [[Human billboard|walking billboards]]."<ref name="ba">{{cite web |last1=Shapiro |first1=Amanda |title=How Quest Won the Battle of the Protein Bars |url=https://www.bonappetit.com/entertaining-style/trends-news/article/quest-protein-bars |website=[[Bon Appétit]] |access-date=19 July 2024 |date=21 September 2016}}</ref> The company was [[bootstrapping (business)|bootstrapped]] for its first five years before accepting a minority stake investment from [[private equity]] firm VMG Partners in 2015, valuing Quest Nutrition at $900 million.<ref name="inc" /><ref>{{cite web |last1=Balf |first1=Celia |title=Quest Nutrition Acquired By Simply Good Foods Co. for $1 Billion Dollars |url=https://barbend.com/quest-nutrition-acquisition/ |website=BarBend |access-date=25 July 2024 |date=23 August 2019}}</ref> |
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Bilyeu left the company in October 2016 to launch the media company Impact Theory with his wife Lisa Bilyeu.<ref name="inc" /> In 2017, Quest underwent [[restructuring]], closing two Los Angeles manufacturing sites, laying off 524 factory workers, and outsourcing their production and distribution to third parties.<ref name="labj">{{cite web |last1=Uranga |first1=Rachel |title=Snack Brand Gobbled Up |url=https://labusinessjournal.com/news/weekly-news/snack-brand-gobbled/ |website=[[Los Angeles Business Journal]] |access-date=31 July 2024 |date=30 August 2019}}</ref><ref>{{cite web |last1=Narayan |first1=Shwanika |title=Quest Nutrition to Close L.A. Manufacturing Sites, Lay Off 524 Workers |url=https://labusinessjournal.com/manufacturing/quest-nutrition-close-l-manufacturing-sites-lay-52/ |website=[[Los Angeles Business Journal]] |access-date=31 July 2024 |date=7 September 2017}}</ref> |
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On August 22, 2019, Quest was acquired by The Simply Good Foods Company, the parent company of diet brand [[Atkins Nutritionals]], in a $1 billion all-cash deal.<ref name="inc" /><ref name="labj" /> In announcing the acquisition, The Simply Good Foods Company CEO Joseph Scalzo explained, "This combination delivers on our strategy to become a broader nutritional snacking company that offers consumers a broad range of brands and products that satisfy their nutritional needs."<ref name="labj" /> |
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== Products == |
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Quest Nutrition is best known for their [[protein bar]]s, available in a variety of flavors including best-sellers Chocolate Chip Cookie Dough, Birthday Cake, and Chocolate Chip.<ref name="hd">{{cite web |last1=Pawlak |first1=Lisa |title=The Truth About Quest Nutrition |url=https://www.healthdigest.com/721843/the-truth-about-quest-nutrition/ |website=[[Health Digest]] |access-date=31 July 2024 |date=25 Jan 2023}}</ref> The company also offers a wide variety of other high-protein items, including [[protein powder]], [[protein shake]]s, and high-protein [[cookie]]s, [[chip (snack)|chips]], [[cracker (food)|cracker]]s, [[candy]], [[frozen pizza]], and [[pasta]].<ref name="ba" /><ref name="hd" /><ref name="ftw">{{cite web |last1=D'Andrea |first1=Christian |title=Snack of the Week: Quest's got more protein chips that don't taste like health food |url=https://ftw.usatoday.com/lists/quest-protein-snacks-review-sweet-chili-hot-spicy-expensive |website=[[USA Today]] |access-date=31 July 2024 |date=29 April 2024}}</ref> |
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Quest's protein bars derive their protein from [[whey protein isolate]] and [[milk protein concentrate|milk protein isolate]].<ref name="hd" /> Their products are sweetened with [[sugar substitute]]s including [[stevia]], [[erythritol]], [[sucralose]], and [[luo han guo]], which are lower in [[calorie]]s than other refined sugars.<ref name="breeze" /> Quest was the first major adopter of [[Psicose|allulose]] as a low-calorie alternative sweetener, which they used in select protein bars as of 2019.<ref>{{cite web |last1=Elejalde-Ruiz |first1=Alexia |title=A natural sweetener with a tenth of sugar’s calories. Allulose, developed in Hoffman Estates, could be ‘breakthrough ingredient.’ |url=https://www.chicagotribune.com/2019/08/22/a-natural-sweetener-with-a-tenth-of-sugars-calories-allulose-developed-in-hoffman-estates-could-be-breakthrough-ingredient/ |website=[[Chicago Tribune]] |access-date=25 July 2024 |date=22 August 2019}}</ref> Quest's protein bars are [[gluten-free diet|gluten-free]].<ref name="hd" /> |
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== Reception == |
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In 2012 and 2013, health and nutrition retailer [[GNC (company)|GNC]] named Quest's protein bars the best on the market.<ref name="breeze">{{cite web |last1=England-Nelson |first1=Jordan |title=South Bay protein bar company Quest Nutrition capitalizes on sugar phobia |url=https://www.dailybreeze.com/2014/09/08/south-bay-protein-bar-company-quest-nutrition-capitalizes-on-sugar-phobia/ |website=[[Daily Breeze]] |access-date=25 July 2024 |date=8 September 2014}}</ref> The company received criticism in 2014 for its use of the [[dietary fiber]] source [[isomaltooligosaccharide]] in protein bars, which can cause [[indigestion]] for some people, which led the company to replace the ingredient with corn-soluble fiber in 2016.<ref name="ba" /> The change prompted criticism of the protein bars' flavor, causing a sharp decrease in sales and leading the company to further reformulate the recipe later that year.<ref name="ba" /> |
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In a 2024 list of "The Best Protein Bars You’ll Actually Want to Eat", Elaheh Nozari and Megan Wahn of ''[[Bon Appétit]]'' named Quest's protein bars "The Most Filling Protein Bar", pointing to their higher protein contents than competitors and remarking that they "will remind you of the three-course chewing gum from ''[[Willy Wonka & the Chocolate Factory|Willy Wonka]]'', because they taste freakishly like whatever food they’re trying to imitate."<ref>{{cite web |last1=Nozari |first1=Elaheh |last2=Wahn |first2=Megan |title=The Best Protein Bars You’ll Actually Want to Eat |url=https://www.bonappetit.com/story/best-protein-bars |website=[[Bon Appétit]] |access-date=31 July 2024 |date=5 January 2024}}</ref> ''[[Glamour (magazine)|Glamour]]'' named Quest bars the best-tasting protein bars on the market in 2024.<ref>{{cite web |last1=McCoy |first1=Jenny |last2=Canning |first2=Kristin |title=16 Best Protein Bars, According to Registered Dietitians & Editors |url=https://glamour.com/gallery/best-protein-bars |website=[[Glamour (magazine)|Glamour]] |access-date=31 July 2024 |date=20 June 2024}}</ref> |
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In 2023, ''[[Eat This, Not That]]'' criticized Quest's protein powder for its use of [[cellulose]], [[sucralose]], and [[carrageenan]], which may have negative effects on [[gut health]].<ref>{{cite web |last1=Boesch |first1=Samantha |last2=Strong |first2=Rebecca |title=8 Protein Powders To Stay Away From Right Now |url=https://www.eatthis.com/worst-protein-powders/ |website=[[Eat This, Not That]] |access-date=31 July 2024 |date=11 July 2023}}</ref> In a 2024 review for ''[[USA Today]]'', Christian D'Andrea largely praised Quest's protein chips and crackers, while commenting that they sometimes struggle to mask the flavor of [[whey protein]].<ref name="ftw" /> |
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== References == |
== References == |
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{{reflist}} |
{{reflist}} |
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[[Category:Food and drink companies based in California]] |
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[[Category:Food and drink companies established in 2010]] |
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[[Category:Proteins as nutrients]] |
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[[Category:Companies based in El Segundo, California]] |
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[[Category:American companies established in 2010]] |
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[[Category:2010 establishments in California]] |
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[[Category:2019 mergers and acquisitions]] |
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[[Category:Energy food products]] |
Latest revision as of 15:54, 1 August 2024
Company type | Subsidiary |
---|---|
Industry | High-protein foods |
Founded | 2010 |
Founders | Tom Bilyeu Mike Osborn Ron Penna |
Headquarters | El Segundo, California, U.S. |
Revenue | $345 million (2019)[1] |
Parent | The Simply Good Foods Company |
Website | questnutrition |
Quest Nutrition is an American food company that specializes in protein bars, protein shakes, protein powder, and various other high-protein foods. It was founded by Tom Bilyeu, Mike Osborn, and Ron Penna in 2010. In 2019, it was acquired by The Simply Good Foods Company, the parent company of Atkins Nutritionals.
History
[edit]Quest Nutrition was founded in 2010 in El Segundo, California, by Tom Bilyeu, Mike Osborn, and Ron Penna, who had recently sold their data loss prevention software company Awareness Technologies.[1][2] Inspired in part by obesity in Bilyeu's family, Quest aimed to create protein bars and other high-protein snacks with no added sugar.[3] Their first product was a protein bar based on a recipe developed by Penna's wife Shannan Penna, who was a fitness trainer at the time.[1]
Quest grew rapidly in its first few years, becoming the second fastest-growing private company in the United States in 2014, with over 57,000% three-year revenue growth according to Inc. magazine.[4] The company's growth was largely driven by influencer marketing, sending free protein bars to fitness influencers with large followings on social media; as Bilyeu explained, "People with six packs are walking billboards."[3] The company was bootstrapped for its first five years before accepting a minority stake investment from private equity firm VMG Partners in 2015, valuing Quest Nutrition at $900 million.[1][5]
Bilyeu left the company in October 2016 to launch the media company Impact Theory with his wife Lisa Bilyeu.[1] In 2017, Quest underwent restructuring, closing two Los Angeles manufacturing sites, laying off 524 factory workers, and outsourcing their production and distribution to third parties.[6][7]
On August 22, 2019, Quest was acquired by The Simply Good Foods Company, the parent company of diet brand Atkins Nutritionals, in a $1 billion all-cash deal.[1][6] In announcing the acquisition, The Simply Good Foods Company CEO Joseph Scalzo explained, "This combination delivers on our strategy to become a broader nutritional snacking company that offers consumers a broad range of brands and products that satisfy their nutritional needs."[6]
Products
[edit]Quest Nutrition is best known for their protein bars, available in a variety of flavors including best-sellers Chocolate Chip Cookie Dough, Birthday Cake, and Chocolate Chip.[8] The company also offers a wide variety of other high-protein items, including protein powder, protein shakes, and high-protein cookies, chips, crackers, candy, frozen pizza, and pasta.[3][8][9]
Quest's protein bars derive their protein from whey protein isolate and milk protein isolate.[8] Their products are sweetened with sugar substitutes including stevia, erythritol, sucralose, and luo han guo, which are lower in calories than other refined sugars.[2] Quest was the first major adopter of allulose as a low-calorie alternative sweetener, which they used in select protein bars as of 2019.[10] Quest's protein bars are gluten-free.[8]
Reception
[edit]In 2012 and 2013, health and nutrition retailer GNC named Quest's protein bars the best on the market.[2] The company received criticism in 2014 for its use of the dietary fiber source isomaltooligosaccharide in protein bars, which can cause indigestion for some people, which led the company to replace the ingredient with corn-soluble fiber in 2016.[3] The change prompted criticism of the protein bars' flavor, causing a sharp decrease in sales and leading the company to further reformulate the recipe later that year.[3]
In a 2024 list of "The Best Protein Bars You’ll Actually Want to Eat", Elaheh Nozari and Megan Wahn of Bon Appétit named Quest's protein bars "The Most Filling Protein Bar", pointing to their higher protein contents than competitors and remarking that they "will remind you of the three-course chewing gum from Willy Wonka, because they taste freakishly like whatever food they’re trying to imitate."[11] Glamour named Quest bars the best-tasting protein bars on the market in 2024.[12]
In 2023, Eat This, Not That criticized Quest's protein powder for its use of cellulose, sucralose, and carrageenan, which may have negative effects on gut health.[13] In a 2024 review for USA Today, Christian D'Andrea largely praised Quest's protein chips and crackers, while commenting that they sometimes struggle to mask the flavor of whey protein.[9]
References
[edit]- ^ a b c d e f Weisul, Kimberly (August 22, 2019). "From Bootstrapped to Billion-Dollar Exit: Quest Nutrition Sells to Atkins Bars Maker". Inc. Retrieved July 19, 2024.
- ^ a b c England-Nelson, Jordan (September 8, 2014). "South Bay protein bar company Quest Nutrition capitalizes on sugar phobia". Daily Breeze. Retrieved July 25, 2024.
- ^ a b c d e Shapiro, Amanda (September 21, 2016). "How Quest Won the Battle of the Protein Bars". Bon Appétit. Retrieved July 19, 2024.
- ^ Feloni, Richard (August 20, 2014). "The 10 Fastest-Growing Private Companies In The US". Business Insider. Retrieved July 25, 2024.
- ^ Balf, Celia (August 23, 2019). "Quest Nutrition Acquired By Simply Good Foods Co. for $1 Billion Dollars". BarBend. Retrieved July 25, 2024.
- ^ a b c Uranga, Rachel (August 30, 2019). "Snack Brand Gobbled Up". Los Angeles Business Journal. Retrieved July 31, 2024.
- ^ Narayan, Shwanika (September 7, 2017). "Quest Nutrition to Close L.A. Manufacturing Sites, Lay Off 524 Workers". Los Angeles Business Journal. Retrieved July 31, 2024.
- ^ a b c d Pawlak, Lisa (January 25, 2023). "The Truth About Quest Nutrition". Health Digest. Retrieved July 31, 2024.
- ^ a b D'Andrea, Christian (April 29, 2024). "Snack of the Week: Quest's got more protein chips that don't taste like health food". USA Today. Retrieved July 31, 2024.
- ^ Elejalde-Ruiz, Alexia (August 22, 2019). "A natural sweetener with a tenth of sugar's calories. Allulose, developed in Hoffman Estates, could be 'breakthrough ingredient.'". Chicago Tribune. Retrieved July 25, 2024.
- ^ Nozari, Elaheh; Wahn, Megan (January 5, 2024). "The Best Protein Bars You'll Actually Want to Eat". Bon Appétit. Retrieved July 31, 2024.
- ^ McCoy, Jenny; Canning, Kristin (June 20, 2024). "16 Best Protein Bars, According to Registered Dietitians & Editors". Glamour. Retrieved July 31, 2024.
- ^ Boesch, Samantha; Strong, Rebecca (July 11, 2023). "8 Protein Powders To Stay Away From Right Now". Eat This, Not That. Retrieved July 31, 2024.