DANONE ENTERS THE INDIAN INFANT FORMULA FRAY
August 1st, 2011
MINI PANT ZACHARIAH
Danone's acquisition of the Indian nutrition business of Wockhardt Group will, if approved, give the French dairy multinational entry to a fast growing, infant formula market expected to reach USD 700 million by 2014-15.
"It is the largest segment of the baby food market in India," Pratichee Kapoor, associate director at Indian management consultants Technopak, told just-food. "It is estimated to be USD 400 million and growing at a compound annual growth rate of 12%."
Growth is being driven by increased nutritional ...
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