India 's increasingly affluent families will contribute to 83% growth in the baby milk market between 2017 and 2021 , according to a forecast by GlobalData . The prediction comes as more companies have entered the sector, chipping away at Amul and Nestlé's 83% market share in 2017 . French brand Danone 's subsidiary GlobalData , as well as Abbott India and Mead Johnson , are set to compete in the expanding market.
India's increasingly affluent families will contribute to 35% growth in the baby milk market between 2017 and 2021, according to a forecast by GlobalData. The prediction comes as more companies have entered the sector, chipping away at Amul and Nestlé's 83% market share in 2017. French brand Danone's subsidiary Nutricia, as well as Mead Johnson and Abbott India, are set to compete in the expanding market.