The Market Reports

Synopsis
The global market for Evaporated Milk was estimated to be worth US$ 6314 million in 2024 and is forecast to a readjusted size of US$ 8727 million by 2031 with a CAGR of 4.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Evaporated Milk cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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.
Market Status:
Regional Market Distribution: High demand in North America (notably the US and Canada), Latin America, Asia (Philippines, Thailand, China), and the Middle East. It is used for baking and desserts in Western markets, while in Asia it’s widely used in beverages and coffee.
Changing Consumer Base: Younger consumers are demanding convenient, high-protein, and long-shelf-life dairy products; however, there’s rising concern over additives and ultra-processed foods, boosting demand for “clean label” products.
Retail & Online Channels: E-commerce platforms (like Amazon, Tmall, JD.com) are major growth drivers, especially post-pandemic.
Supply Chain Challenges: Raw milk price volatility, rising transportation costs, and environmental regulations affecting production processes.
Market Trends：
Health-focused Products: Launching low-fat, lactose-free, organic, and plant-based evaporated milk (such as oat or almond-based versions) to meet health-conscious consumer demands.
Sustainable Packaging: Aluminum cans, eco-friendly plastics, and renewable packaging materials are new selling points.
Localization & Flavor Innovation: Developing tailored products suitable for local markets (e.g., for Asian milk tea or Latin American desserts).
Rising Functional Food Demand: Evaporated milk enriched with proteins, calcium, prebiotics, and vitamins is gaining popularity.
Market Strategy:
Product Line Expansion: Both global and local companies are developing new dairy-based and plant-based evaporated milk variants.
Pricing Strategy Optimization: With increased costs in raw materials, packaging, and transportation, companies are focusing on scaling and automation to reduce production costs.
Regulatory Compliance Strengthening: Many countries are tightening control over dairy product imports, labeling, and nutrition claims.
Marketing Channel Adjustment: Emphasis on online branding and social media marketing (e.g., TikTok, Instagram) has become mainstream.
This report aims to provide a comprehensive presentation of the global market for Evaporated Milk, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Evaporated Milk by region & country, by Type, and by Application.
The Evaporated Milk market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Evaporated Milk.
Market Segmentation
By Company
Nestle
Arla Foods
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
Segment by Type
Skimmed Evaporated Milk
Whole Evaporated Milk
Segment by Application
Infant Food
Dairy Products
Bakeries
Confectionery
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Evaporated Milk manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Evaporated Milk in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Evaporated Milk in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index