Foreign brands losing favour with China consumers

New York

FOREIGN brands are falling from favour in China, the world's biggest consumer market, according to reports by Nielsen Holdings Plc and Bain & Co.

Domestic companies producing consumer goods such as food and beverages or personal care products are slowly but steadily eroding market share from foreign competitors, leaving them with 30.2 per cent of the market last year versus 33.5 in 2006, according to Nielsen. Bain found foreign companies increasing their market share in just four of 26 categories. That's notable because Chinese consumers are…