Nestle may aim to expand further in the petfood industry, according to an article from Bloomberg Businessweek, and investors are urging it to consider buying a natural petfood maker to better compete with Proctor&Gamble, the recent purchaser of Natura Pet Products Inc.

After a deal to sell its shares of Alcon Inc. to the majority owner, Novartis AG, Nestle will receive US$28.1 billion. With this, investors also want Nestle to expand operations into emerging markets. The company has a list of five markets it is looking to enter, according to John Harris, Nestle Waters chief executive.