Fig. 2.
Market share (%) held by leading corporations in the world’s largest 80 milk formula markets. Notes: Data were sourced from Euromonitor Passport; interpret this figure by considering which corporation leads in each country market by colour, and the degree of shading indicating their % market share – for example, Nestlé leads in both China and India, but has a much higher market share in India; the pie charts show more detailed data of the % market share held by corporations in the world, and in key illustrative markets – for example the Brazilian market is highly concentrated, and dominated by Nestlé, followed by Danone, whereas in China Nestlé leads but the market comprises many more players