Evaporated milk, known in some countries as unsweetened condensed milk, is a shelf-stable canned milk product with about 60% of the water removed from fresh milk.
Evaporated milk can be made from whole milk or skim milk. In either case, the milk is homogenized and then the water is removed by gently heating it. The evaporated milk product is sealed in cans which are then heated to kill any bacteria in the milk. Thus evaporated milk is actually sterile, which, combined with the fact that it is stored in airtight cans, gives it an extremely long shelf life.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 47.14% of the global consumption volume in total.
Evaporated milk has two types, which include skimmed evaporated milk and whole evaporated milk. And each type has different application people and places relatively. Whole evaporated milk is purchased primarily by the confectionery industry while skimmed evaporated milk is commonly used as a source of milk solids in dairy applications and in the manufacture of ice cream, frozen yogurt and other frozen desserts. With nutrition value of evaporated milk, the downstream application industries will need more evaporated milk products. So, evaporated milk has a huge market potential in the future, especially in South America and Asia-Pacific.
The major raw material for evaporated milk is milk. Fluctuations in the price of the upstream product will impact on the production cost of evaporated milk. The production cost of evaporated milk is also an important factor which could impact the price of evaporated milk.
According to this study, over the next five years the Evaporated Milk market will register a 1.8% CAGR in terms of revenue, the global market size will reach US$ 9110 million by 2024, from US$ 8210 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Evaporated Milk business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Evaporated Milk market by product type, application, key manufacturers and key regions and countries.
This study considers the Evaporated Milk value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3: and forecast to 2024 in section 11.7.
Skimmed Evaporated Milk
Whole Evaporated Milk
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 11.8.
Infant Food
Dairy products
Bakeries
Confectionery
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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 Panda Dairy
Envictus
Alaska Milk
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Evaporated Milk consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Evaporated Milk market by identifying its various subsegments.
Focuses on the key global Evaporated Milk manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Evaporated Milk with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Evaporated Milk submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
