Evaporated Milk Market | Contrive Datum Insights

The Evaporated Milk Market was valued at USD 2.61 Billion in 2022 and is expected to reach USD 3.06 Billion by 2030, expanding at a CAGR of 2.1% from 2022 to 2030.

Evaporated Milk Market Overview

Evaporated Milk is an intense form of new milk, from which about partially removing water. Evaporated Milk is also popular among consumers as unsweetened Evaporated Milk. Demand for evaporated milk in the global milk market is increasing due to its wide application in various end-use foods and beverages such as coffee, shakes, etc. According to data from the National Coffee Association, coffee consumption per person per day increased from 2.24 cups in 2001 to 2.97 cups in 2017. It acts as a taste enhancer and also increases texture.

Contrive Datum Insights has recently published the Evaporated Milk Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Evaporated Milk market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Nestle, Arla, Fraser and Neave, Friesland Campina, Marigold, DMK GROUP, Eagle Family Foods, O-AT-KA Milk Products, Holland Dairy Foods, GLORIA, Alokozay Group, DANA Dairy, Delta Food Industries FZC, Yotsuba Milk Products, Nutricima, Senel Bv, Zhejiang Pan, and others.

Industry Development:

• In May 2022, the international dairy company Arla foods made a huge dairy investment and opened a new factory in Pronsfeld dairy, Germany. This investment is to meet the international market demand for affordable, sustainable, and nutritious dairy products need.
• In May 2022, Friesche Vlag, a subsidiary of Friesland Campina, launched a new product, Barista Oat, the company's first plant-based drink that can replace dairy drinks. This is done in response to growing customer demand for plant-based alternatives.

What are the major Applications, Types, and Regions for the Evaporated Milk Market?

On the Basis of Type:

• Skimmed Evaporated Milk
• Whole Evaporated Milk

On the Basis of Application:

• Infant Food
• Dairy products
• Bakeries
• Confectionery
• Others

Evaporated Milk Market Regional Insights:

Europe is the largest regional market for Evaporated Milk, accounting for over 32% share in 2018, and is expected to register a CAGR of 2.5% during the forecast period, owing to the growing demand for low-sugar and low-fat dairy products. This is driven by the Mandatory Control on Unhealthy Foods set by the British Retail Consortium (BRC). The UK is the largest and fastest-growing market in the region, accounting for nearly 12.2% of the market in 2018. Sugary foods have compelled manufacturers of confectionery products and dairy desserts to reduce the sugar content of their products, creating market growth opportunities in the region during the forecast period.
Asia Pacific is estimated to be the fastest-growing regional market with a CAGR of 2.8%. This may be due to the high demand for milk substitutes in developing countries such as Malaysia and Thailand. Growing consumption of evaporated milk as an alternative to regular varieties of tea and coffee is a key factor boosting demand. In addition to this, factors such as changing eating habits, economic growth, confectionery industry growth, and government-sponsored regulations are expected to propel regional growth through 2025.

Geographically, the global Evaporated Milk market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Drivers:

• Evaporated milk lasts longer than fresh milk because it doesn't need to be refrigerated until it's opened. Because of this, it is a popular choice for people who don't have easy access to fresh milk or who like to stock up on milk for later use.
• Convenience: Evaporated milk is easy to store and lasts longer than fresh milk. This makes it a good choice for people who don't have regular access to fresh milk or who like to have milk on hand for cooking and baking.
• Evaporated milk is a famous ingredient in many sauces, soups, and desserts. It can also be used to make ice cream. Its rich, creamy texture makes it a popular choice for baking, and in many recipes, it can be used instead of cream.
• Nutritionally, evaporated milk is a good source of calcium and vitamin D, both of which are important for healthy bones. It also has protein and other important vitamins and minerals.
• Demand for dairy products is going up because the world's population is growing, people are making more money, and their eating habits are changing, all of which are driving up the demand for dairy products. This is likely to make more people want powdered milk in the years to come.

Restraints

• Concerns about health: Evaporated milk is a good source of calcium and vitamin D, but it also has a lot of fat and calories. This can be a problem for people who are trying to lose weight or who have health problems that require them to limit the amount of fat and calories they eat.
• Competition from other dairy products: Fresh milk, milk powder, and condensed milk are all dairy products that compete with evaporated milk. People may choose these goods over evaporated milk because of how they taste, how easy they are to use, and how much they cost.
• Availability of alternative milk products: As almond milk and soy milk become more common, some people may choose to buy these instead of evaporated milk.
• Even though evaporated milk is a common ingredient in many recipes, it is not as useful in the food and beverage business as other dairy products. This can make it harder to use in the food and drink industries.

Evaporated Milk Market Report Scope:

Frequently Asked Questions (FAQ) about the Evaporated Milk market:

What is the CAGR of the global Evaporated Milk market?

The Evaporated Milk Market is growing at a CAGR of 2.3% during the forecast period.

Which region would offer high growth for vendors in the Evaporated Milk market?

Europe is the largest regional market for Evaporated Milk, accounting for over 32% share in 2018.

Which Is the Most potential market segment?

By Types- Skimmed Evaporated Milk, Whole Evaporated Milk

By Applications - Infant Food, Dairy products, Bakeries, Confectionery, Others

Which are the top industry players in the Evaporated Milk market?

Nestle, Arla, Fraser and Neave, Friesland Campina, Marigold, DMK GROUP, Eagle Family Foods, O-AT-KA Milk Products, Holland Dairy Foods, GLORIA, Alokozay Group, DANA Dairy, Delta Food Industries FZC, Yotsuba Milk Products, Nutricima, Senel Bv, Zhejiang Pan