DUBLIN--(BUSINESS WIRE)--The "Global Evaporated Milk Market, By Type (Skimmed Evaporated Milk, Whole Evaporated Milk), By Application (Food Service Cans, Retail), By Region (North America, APAC, Europe, MEA, South America), Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global evaporated milk market held a market value of USD 957.9 Million in 2020 and is estimated to reach USD 1,162.8 Million by the year 2027. The market is anticipated to register a CAGR of 2.8% during the forecast period. The estimated market volume for evaporated milk is expected to grow at a CAGR of 2.5% and reach 403,451.8 tons by 2027.
Evaporated milk or unsweetened condensed milk is a shelf-stable product made from canned cow's milk. 60% water from this milk is removed. It is available in liquid form and has a shelf life of approximately 18 to 24 months. The market is expected to be driven by the high nutritional profile of evaporated milk as compared to regular milk. Furthermore, the continuously growing food and beverage industry is also expected to fuel the market growth.
Volatility in the regular milk prices is anticipated to negatively hamper the market growth. Also, evaporated milk contains more milk proteins and lactose per volume, as compared to regular milk. Therefore, it can't be consumed by lactose-intolerant people. This further restrains the market growth.
Growth Influencers:
High nutritional profile compared to regular milk
Since 60% of the water is removed in the evaporated milk, it is a nutrient-rich milk product. According to the Code of Federal Regulations, evaporated milk, by weight contains 16.5% milk solids-not-fat, a minimum of 6.5% milk fat, and 23% total milk solids.
Growing food and beverage industry
The food and beverages industry is rapidly growing across the world. This is also boosting the market demand for healthier versions of regular food products, including milk. Evaporated milk has various applications in the industry. It is used in smoothies, coffee, creamy soups, chowders, oatmeal, and savory sauces, among others. All these applications coupled with the growing food and beverage industry are anticipated to fuel the market growth during the forecast period.
Companies Mentioned
- Nestle
- Arla
- Fraser and Neave
- Friesland Campina
- Marigold
- DMK GROUP
- Eagle Family Foods
- O-AT-KA Milk Products
- Leche Gloria SA
- DANA Dairy
- Delta Food Industries FZC
- Yotsuba Milk Products
- Senel Bv
- Zhejiang Panda Dairy
- Envictus
- Alaska Milk
- Alokozay Group
The global Evaporated Milk market report answers questions such as:
- What is the market size and forecast of the Global Evaporated Milk Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Evaporated Milk Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Evaporated Milk Market?
- What is the competitive strategic window for opportunities in the Global Evaporated Milk Market?
- What are the technology trends and regulatory frameworks in the Global Evaporated Milk Market?
- What is the market share of the leading players in the Global Evaporated Milk Market?
- What modes and strategic moves are considered favorable for entering the Global Evaporated Milk Market?
Key Topics Covered:
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Global Evaporated Milk Market
Chapter 4. Global Evaporated Milk Market Overview
4.1. Industry Value Chain Analysis
4.2. PESTLE Analysis
4.3. Porter's Five Forces Analysis
4.5. Market Dynamics and Trends
4.7. Covid-19 Impact Assessment on Market Growth Trend
4.8. Market Growth and Outlook
Chapter 5. Competition Dashboard
5.1 Market Concentration Rate
5.2 Company Market Share Analysis (Value %)
Chapter 6. Evaporated Milk Market Analysis, By Type
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 7. Evaporated Milk Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 8. Evaporated Milk Market Analysis, By Region/Country
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 9. North America Evaporated Milk Market Analysis
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 10. Europe Evaporated Milk Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 11. Asia Pacific Evaporated Milk Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 12. Middle East Evaporated Milk Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 13. South America Evaporated Milk Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
Chapter 14. Company Profile
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