Nestl (NSRGY.US) CEO: The slowing down of the U.S. economy has caused consumers to tighten their wallets, but the group is now gaining market share against the trend.

According to the Securities Times Finance app, the CEO of Swiss food giant Nestl (NSRGY.US) stated in a newspaper interview on Wednesday that although American consumers are worried about economic slowdown, the group's market share locally is steadily recovering.