Danone Bets Aging Populace Will Drive Medical Nutrition Demand [BNN Bloomberg (Canada)]
DANONE S/ADR (DANOY)
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Source: BNN Bloomberg
The medical nutrition unit will be a big part of the next stage of Danone's recovery effort, after Chief Executive Officer Antoine de Saint-Affrique began to revive growth in sales volumes of products like Volvic bottled water and Activia yogurt. The dairy and plant-based business, which produces Actimel yogurt drinks and Alpro soy milk, remains Danone's biggest unit, notching some €14 billion ($15 billion) in annual sales. But its specialized nutrition business — including medical nutrition — is more profitable and expected to grow faster, and will feature in De Saint-Affrique's strategy update on June 20. The division makes drinks packed with protein, nutrients and fiber designed to provide nourishment and support gut bacteria for people with diseases like cancer fighting weight loss, as well as for patients who are being fed by tube. The number of people aged 65 years or older worldwide is projected to more than double to 1.6 billion by 2050, according to the United Nations.
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