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Henri Nestlé (1814–1890), a German-born Swiss confectioner, was the founder of Nestlé and one of the main creators of condensed milk.. Nestlé's origin dates back to the 1860s when two separate Swiss enterprises were founded that would later form Nestlé.
In 2018, Lactalis acquired the Nestlé dairy business in Malaysia in a $40 million deal with the entire Nestlé chilled dairy products in the country being rebranded to Lactel by the following year. [3] [4] In 2020, Lactel 1 litre UHT toned milk was officially launched in India following its entry to the country dairy market since early 2014. [5]
Nestlé has a 39% market share in Malaysia, [31] and had 90% market share in India prior to a nationwide ban by the Food Safety and Standards Authority of India. The ban was later lifted, but market share diminished to 53%. [32] In Malaysia and Singapore, fried noodles made from Maggi noodles are called Maggi goreng.
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In 2011, Dutch Lady Malaysia was reported as the market share leader in the growing up milk segment – with the Dutch Lady brand holding 40% of national market share. [5] Its financial record for first quarter of 2012 showed a 9% increase in revenue year-on-year, with a net profit of RM27.5 million (US$8.72 million). [6]
Nestle India has branded instant coffee as Nescafe Classic and the 70:30 mix of instant coffee and chicory as Sunrise. [7] In Australia and New Zealand, the original instant coffee is branded "Blend 43", originally to differentiate product made locally from imported beans, from the imported version. [8] [9]