Evaporated Milk Market Size, Share & Trends Analysis Report By Type (Skimmed, Whole), By Distribution Channel (Online, Offline), By Region (North America, Europe, Central & South America, APAC, MEA), And Segment Forecasts, 2025 - 2030

PUBLISHED: November 12, 2024

PAGES: 80 Pages

DELIVERY TIME: 2-10 business days

ADD TO COMPARE

SELECT AN OPTION

The global evaporated milk market size is estimated to reach USD 6.53 billion by 2030, registering a CAGR of 2.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Market growth is attributed to factors such as wide scope of the product in downstream application sectors as well as high nutrition value, long shelf life, and affordable price of the product. Evolving culinary trends are also boosting the demand for evaporated milk in household applications to prepare different cuisines.

Also referred to as dehydrated milk, evaporated milk has many health benefits over the regular variant. Around 60% of water content is removed from this variant during its preparation, retaining all other nutritional benefits. It is then homogenized, canned, and sterilized. The milk is fortified by adding nutrients like vitamin D. It also contains calcium, vitamin C and A, and iron, making it more nutritious than any other variant, like condensed, fresh, or powdered milk. Apart from being used in tea and coffee as a dairy whiteners, this product variant is also used to make various frozen dairy-based desserts and in numerous savory dishes to give it a rich creamy flavor and texture.

Evaporated milk market growth is also attributed to demand for milk in countries where product supply is insufficient and not of adequate quality. In regions where refrigeration is not reliable, evaporated milk serves as a good alternative to the regular variant as there is no risk of spoilage or illness that is generally caused by consumption of expired dairy products. Evaporated milk is also a convenient option while travelling, trekking, and camping as it does not need to be refrigerated and is easier to transport.

By type, the market is segmented into skimmed and whole. Whole evaporated milk accounted for the largest share of just over 57.7% in 2024. This variant is widely used in the confectionary industry. It is often used in gravies, soups, quiches, bechamel sauce, and other products as it has a creamy texture and taste without the sweetness of the condensed variant. The skimmed segment is expected to exhibit the highest CAGR of 2.5% over the forecast period. It is generally used as an alternative to regular milk in the production of dairy products like ice cream, yogurt, and other frozen desserts.

Europe is the largest regional market and accounted for a share of over 31.8% in 2024, owing to growing demand for dairy products with low sugar and fat content. This is driven by mandatory controls on unhealthy food as laid down by the British Retail Consortium (BRC). Asia Pacific is estimated to be the fastest growing regional market with a CAGR of 2.7%. This can be attributed to high demand for milk alternatives from developing countries such as Malaysia and Thailand. Growing consumption of evaporated milk as an alternative to the regular kind in tea and coffee is a key factor boosting demand.

Major market players include Nestle, Arla, DANA Dairy, Fraser and Neave, Friesland Campina, Delta Food Industries FZC, Alaska Milk, Yotsuba Milk Products, Alokozay Group, and Eagle Family Foods. New product launches and establishment of a strong supply chain by means of strategic partnerships with distributors are expected to remain crucial success factors.

Evaporated Milk Market Report Highlights:

The whole evaporated milk segment accounted for the largest share of over 57.7% in 2024. This variant is widely used in the confectionary industry. It is often used in gravies, soups, quiches, bechamel sauce, and other products
By type, the skimmed evaporated milk is expected to grow at the fastest CAGR of 2.5% over the forecast period. Increasing health consciousness among consumers has led to a rising preference for low-fat and reduced-calorie dairy products.
Offline distribution channels accounted for the dominant share in 2024, driven by high dependency of consumers on retail channels and strong presence of leading grocery stores as well as small independent grocers.

Product Code: GVR-3-68038-475-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

Chapter 3. Evaporated Milk Market Variables, Trends & Scope

3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis (Industry-level)
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Evaporated Milk Market: Type Estimates & Trend Analysis

5.1. Evaporated Milk Market, By Type: Key Takeaways
5.2. Type Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million)
- 5.3.1. Skimmed Evaporated Milk
  - 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Sticks/Creams
  - 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.3. Whole Evaporated Milk
  - 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Evaporated Milk Market: Distribution Channel Estimates & Trend Analysis

6.1. Evaporated Milk Market, By Distribution Channel: Key Takeaways
6.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
- 6.3.1. Offline
  - 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Online
  - 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 7. Evaporated Milk Market: Regional Estimates & Trend Analysis

7.1. Evaporated Milk Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
- 7.3.1. North America
  - 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.1.2. U.S.
    - 7.3.1.2.1. Key country dynamics
    - 7.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.1.3. Canada
    - 7.3.1.3.1. Key country dynamics
    - 7.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.1.4. Mexico
    - 7.3.1.4.1. Key country dynamics
    - 7.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Europe
  - 7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.2.2. UK
    - 7.3.2.2.1. Key country dynamics
    - 7.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.2.3. Germany
    - 7.3.2.3.1. Key country dynamics
    - 7.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.2.4. France
    - 7.3.2.4.1. Key country dynamics
    - 7.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.2.5. Italy
    - 7.3.2.5.1. Key country dynamics
    - 7.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.2.6. Spain
    - 7.3.2.6.1. Key country dynamics
    - 7.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Asia Pacific
  - 7.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.3.2. China
    - 7.3.3.2.1. Key country dynamics
    - 7.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.3.3. India
    - 7.3.3.3.1. Key country dynamics
    - 7.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.3.4. Japan
    - 7.3.3.4.1. Key country dynamics
    - 7.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.3.5. Australia
    - 7.3.3.5.1. Key country dynamics
    - 7.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.3.6. South Korea
    - 7.3.3.6.1. Key country dynamics
    - 7.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. Latin America
  - 7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.4.2. Brazil
    - 7.3.4.2.1. Key country dynamics
    - 7.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5. Middle East & Africa
  - 7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 7.3.5.2. UAE
    - 7.3.5.2.1. Key country dynamics
    - 7.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 8. Evaporated Milk Market: Competitive Analysis

8.1. Recent Developments & Impact Analysis, by Key Market Participants
8.2. Company Categorization
8.3. Participant's Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
- 8.9.1. Nestle
  - 8.9.1.1. Company Overview
  - 8.9.1.2. Financial Performance
  - 8.9.1.3. Product Portfolios
  - 8.9.1.4. Strategic Initiatives
- 8.9.2. Arla Foods amba
  - 8.9.2.1. Company Overview
  - 8.9.2.2. Financial Performance
  - 8.9.2.3. Product Portfolios
  - 8.9.2.4. Strategic Initiatives
- 8.9.3. DANA DAIRY GROUP
  - 8.9.3.1. Company Overview
  - 8.9.3.2. Financial Performance
  - 8.9.3.3. Product Portfolios
  - 8.9.3.4. Strategic Initiatives
- 8.9.4. Fraser and Neave
  - 8.9.4.1. Company Overview
  - 8.9.4.2. Financial Performance
  - 8.9.4.3. Product Portfolios
  - 8.9.4.4. Strategic Initiatives
- 8.9.5. FrieslandCampina
  - 8.9.5.1. Company Overview
  - 8.9.5.2. Financial Performance
  - 8.9.5.3. Product Portfolios
  - 8.9.5.4. Strategic Initiatives
- 8.9.6. Delta Food Industries FZC
  - 8.9.6.1. Company Overview
  - 8.9.6.2. Financial Performance
  - 8.9.6.3. Product Portfolios
  - 8.9.6.4. Strategic Initiatives
- 8.9.7. Yotsuba Milk Products Co., Ltd
  - 8.9.7.1. Company Overview
  - 8.9.7.2. Financial Performance
  - 8.9.7.3. Product Portfolios
  - 8.9.7.4. Strategic Initiatives
- 8.9.8. Alokozay GROUP
  - 8.9.8.1. Company Overview
  - 8.9.8.2. Financial Performance
  - 8.9.8.3. Product Portfolios
  - 8.9.8.4. Strategic Initiatives
- 8.9.9. Eagle Family Foods Group LLC
  - 8.9.9.1. Company Overview
  - 8.9.9.2. Financial Performance
  - 8.9.9.3. Product Portfolios
  - 8.9.9.4. Strategic Initiatives
- 8.9.10. Fraser and Neave, Limited
  - 8.9.10.1. Company Overview
  - 8.9.10.2. Financial Performance
  - 8.9.10.3. Product Portfolios
  - 8.9.10.4. Strategic Initiatives

Product Code: GVR-3-68038-475-8

List of Tables

Table 1 Global evaporated milk market: Key market driver analysis
Table 2 Global evaporated milk market: Key market restraint analysis
Table 3 Global evaporated milk market estimates & forecast, by type (USD Million)
Table 4 Global evaporated milk market estimates & forecast, by distribution channel (USD Million)
Table 5 North America evaporated milk market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 6 North America evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 7 North America evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 8 U.S. macro-economic outlay
Table 9 U.S. evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 10 U.S. evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 11 Canada macro-economic outlay
Table 12 Canada evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 13 Canada evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 14 Mexico macro-economic outlay
Table 15 Mexico evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 16 Mexico evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 17 Europe evaporated milk market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 18 Europe evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 19 Europe evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 20 U.K. macro-economic outlay
Table 21 U.K. evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 22 U.K. evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 23 Germany macro-economic outlay
Table 24 Germany evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 25 Germany evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 26 France macro-economic outlay
Table 27 France evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 28 France evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 29 Italy macro-economic outlay
Table 30 Italy evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 31 Italy evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 32 Spain macro-economic outlay
Table 33 Spain evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 34 Spain evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 35 Asia Pacific evaporated milk market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 36 Asia Pacific evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 37 Asia Pacific evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 38 China macro-economic outlay
Table 39 China evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 40 China evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 41 India macro-economic outlay
Table 42 India evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 43 India evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 44 Japan macro-economic outlay
Table 45 Japan evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 46 Japan evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 47 Australia macro-economic outlay
Table 48 Australia evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 49 Australia evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 50 South Korea macro-economic outlay
Table 51 South Korea evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 52 South Korea evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 53 Latin America evaporated milk market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 54 Latin America evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 55 Latin America evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 56 Brazil macro-economic outlay
Table 57 Brazil evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 58 Brazil evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 59 Middle East & Africa evaporated milk market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 60 Middle East & Africa evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 61 Middle East & Africa evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 62 UAE macro-economic outlay
Table 63 UAE evaporated milk market estimates and forecast, by type, 2018 - 2030 (USD Million)
Table 64 UAE evaporated milk market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 65 Recent developments & impact analysis, by key market participants
Table 66 Company market share, 2024 (%)
Table 67 Company heat map analysis, 2024
Table 68 Companies implementing key strategies

List of Figures

Fig. 1 Evaporated milk market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Global parent industry and evaporated milk size (USD Million)
Fig. 11 Global evaporated milk size, 2018 to 2030 (USD Million)
Fig. 12 Evaporated milk market: Penetration & growth prospect mapping
Fig. 13 Evaporated milk market: Value chain analysis
Fig. 14 Evaporated milk market: Dynamics
Fig. 15 Evaporated milk market: Porter's five forces analysis
Fig. 16 Evaporated milk market estimates & forecast, by type (USD Million)
Fig. 17 Skimmed evaporated milk market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Whole evaporated milk market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Evaporated milk market estimates & forecast, by distribution channel (USD Million)
Fig. 20 Evaporated milk market estimates & forecasts for offline, 2018 - 2030 (USD Million)
Fig. 21 Evaporated milk market estimates & forecasts for online, 2018 - 2030 (USD Million)
Fig. 22 Evaporated milk market: Regional outlook, 2024 & 2030 (USD Million)
Fig. 23 Regional marketplace: Key takeaways
Fig. 24 North America evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 25 U.S. evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 26 Canada evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 27 Mexico evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 28 Europe evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 29 Germany evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 30 UK evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 31 France evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 32 Italy evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 33 Spain evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 34 Asia Pacific evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 35 China evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 36 India evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 37 Japan evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 38 Australia & New Zealand evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 39 South Korea evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 40 Latin America evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 41 Brazil evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 42 Middle East & Africa evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 43 UAE evaporated milk market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 44 Key company categorization
Fig. 45 Company market share analysis, 2024
Fig. 46 Strategic framework of evaporated milk