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Evaporated Milk Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Evaporated Milk Market: By Type (Skimmed Evaporated Milk and Whole Evaporated Milk); Application (Foodservice Can and Retail); and Region— Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published On: 27-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0222144
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Evaporated Milk Market

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Report AttributeDetails
Market Size Value in 2022US$ 1,000.8 Mn
Expected Revenue in 2031US$ 1336.014 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Application,  By Region
Key Companies                                                          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, Other Prominent Players
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Global Evaporated Milk Market is projected to grow at a CAGR of 3.7% during the forecast period 2023-2031. 

Evaporated milk or unsweetened condensed milk is fresh homogenized milk made from canned cow’s milk that has 60% of the water removed. 

Evaporated milk is slightly darker than fresh milk due to its slightly caramelized flavour resulted from the high heat process.

Factors such as high nutritional profile of evaporated milk as compared to regular milk and the continuously growing food and beverage industry.

The retail segment is estimated to have the highest market share during the forecast period.

Asia Pacific is projected to have the highest CAGR in the global evaporated milk market.

The market has been classified into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America.

Volatility in the regular milk prices is affecting the production and cost of the evaporated milk, which is anticipated to negatively restrain the market growth.

China is the highest shareholder in the Asia Pacific evaporated milk market. 

Spain is expected to grow at the fastest CAGR in the Europe Evaporated Milk Market during the forecast period.

Whole Evaporated Milk segment is estimated to have the highest market share during the forecast period.

Nestle, Arla Foods, Fraser and Neave, Friesland Campina, Yotsuba Milk Products Co. Ltd, Envictus, DANA Dairy, Alaska Milk Corporation, DMK Group and Eagle Family Foods among others.