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

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.