Beingmate's share of the infant formula market is 10% according to Fonterra. The company holds the largest market share in the infant formula market of the Chinese dairy companies. Euromonitor data indicates Nestle, Mead Johnson, and Danone are the only companies to hold a larger share of the Chinese infant formula market.
Fonterra to invest in Chinese infant formula company Beingmate
Fonterra announced today that it will take a 20% share in Chinese dairy processor Beingmate Baby & Child Food Co.
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