try it hope it will work:
DropDownList ddltype =
(DropDownList)gvFormula.Rows[rowIndex].Cells[1].FindControl("ddltype");
DataTable dtCurrentTable = new DataTable
for (int i = 0; i < dtCurrentTable.Rows.Count; i++)
{
ddlproduct.Items.Insert(i,new ListItem( dtCurrentTable.Rows[i]["product"].ToString(), dtCurrentTable.Rows[i]["product"].ToString()));
}