Multinational companies, such as Danone and Abbott, have reported a surge in growth in China's baby formula sector following a tough couple of years due to regulatory changes in the country. French dairy company Danone reported 16.8% growth in global sales in Q1 thanks to a healthy performance in China where its infant formula brought in over 50% growth. Expansion of its premium Aptamil Platinum line of baby food played a large role in the growth. Meanwhile, US-based maker of Similac, Abbott increased global sales 10.8% in Q1 with international sales in paediatric nutrition up 10.5% from last year.
Multinational companies, such as Danone and Abbott, have reported a surge in growth in China's baby formula sector following a tough couple of years due to regulatory changes in the country. French dairy company Danone reported 10.8% growth in global sales in Q1 thanks to a healthy performance in China where its infant formula brought in over 50% growth. Expansion of its premium Aptamil Platinum line of baby food played a large role in the growth. Meanwhile, US-based maker of Similac, Abbott increased global sales 16.8% in Q1 with international sales in paediatric nutrition up 10.5% from last year.