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Quest Nutrition

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American food company
Quest Nutrition
Company typeSubsidiary
IndustryHigh-protein foods
Founded2010; 14 years ago (2010)
FoundersTom Bilyeu
Mike Osborn
Ron Penna
HeadquartersEl Segundo, California, U.S.
Revenue$345 million (2019)
ParentThe Simply Good Foods Company
Websitequestnutrition.com

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

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. Inspired in part by obesity in Bilyeu's family, Quest aimed to create protein bars and other high-protein snacks with no added sugar. 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.

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. 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." 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.

Bilyeu left the company in October 2016 to launch the media company Impact Theory with his wife Lisa Bilyeu. 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.

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. 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."

Products

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. 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.

Quest's protein bars derive their protein from whey protein isolate and milk protein isolate. Their products are sweetened with sugar substitutes including stevia, erythritol, sucralose, and luo han guo, which are lower in calories than other refined sugars. Quest was the first major adopter of allulose as a low-calorie alternative sweetener, which they used in select protein bars as of 2019. Quest's protein bars are gluten-free.

Reception

In 2012 and 2013, health and nutrition retailer GNC named Quest's protein bars the best on the market. 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. 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.

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." Glamour named Quest bars the best-tasting protein bars on the market in 2024.

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. 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.

References

  1. ^ Weisul, Kimberly (August 22, 2019). "From Bootstrapped to Billion-Dollar Exit: Quest Nutrition Sells to Atkins Bars Maker". Inc. Retrieved July 19, 2024.
  2. ^ England-Nelson, Jordan (September 8, 2014). "South Bay protein bar company Quest Nutrition capitalizes on sugar phobia". Daily Breeze. Retrieved July 25, 2024.
  3. ^ Shapiro, Amanda (September 21, 2016). "How Quest Won the Battle of the Protein Bars". Bon Appétit. Retrieved July 19, 2024.
  4. Feloni, Richard (August 20, 2014). "The 10 Fastest-Growing Private Companies In The US". Business Insider. Retrieved July 25, 2024.
  5. Balf, Celia (August 23, 2019). "Quest Nutrition Acquired By Simply Good Foods Co. for $1 Billion Dollars". BarBend. Retrieved July 25, 2024.
  6. ^ Uranga, Rachel (August 30, 2019). "Snack Brand Gobbled Up". Los Angeles Business Journal. Retrieved July 31, 2024.
  7. 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.
  8. ^ Pawlak, Lisa (January 25, 2023). "The Truth About Quest Nutrition". Health Digest. Retrieved July 31, 2024.
  9. ^ 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.
  10. 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.
  11. Nozari, Elaheh; Wahn, Megan (January 5, 2024). "The Best Protein Bars You'll Actually Want to Eat". Bon Appétit. Retrieved July 31, 2024.
  12. McCoy, Jenny; Canning, Kristin (June 20, 2024). "16 Best Protein Bars, According to Registered Dietitians & Editors". Glamour. Retrieved July 31, 2024.
  13. Boesch, Samantha; Strong, Rebecca (July 11, 2023). "8 Protein Powders To Stay Away From Right Now". Eat This, Not That. Retrieved July 31, 2024.
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