Snack companies such as Mondelez and PepsiCo may soon find dairy products to be their biggest competitors as health conscious consumers move increasingly towards nutritious foods and dairy alternatives changing the very definition of ‘snacks’. India, which is the world’s top milk producer, is the ninth largest market for dairy products, according to a Euromonitor report. The country’s dairy market is forecast to grow the fastest among major markets next year.
(Source: The Economic Times, Mumbai, August 29, 2016)
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