Evaporated Milk Trends and Forecast
The future of the global evaporated milk market looks promising with opportunities in the commercial and residential markets. The global evaporated milk market is expected to grow with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing demand for convenient dairy products, increasing adoption of this product in baking and cooking applications, and rising consumer preference for long-lasting shelf-stable products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Evaporated Milk by Segment
The study includes a forecast for the global evaporated milk by type, product type, application, end use, and region.
Evaporated Milk Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Dairy
• Non-Dairy or Plant-Based Milk
Evaporated Milk Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Fat
• Whole Milk
• Skimmed
• Part Skimmed
• Sweetened
• Unsweetened
• Flavored
• Others
Evaporated Milk Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Personal & Beauty Care
Evaporated Milk Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Residential
Evaporated Milk Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Evaporated Milk Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies evaporated milk companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the evaporated milk companies profiled in this report include-
• Nestle
• Fraser and Neave
• Dana Dairy
• Delta Food Industries
• Eagle Family Foods
• Yotsuba Milk Products
• Alokozay
• Royal Friesland Campina
• O-AT-KA Milk Products
• Naisa Brand Products
Evaporated Milk Market Insights
Lucintel forecasts that dairy is expected to witness the higher growth.
Within this market, commercial is expected to witness the higher growth.
Europe is expected to witness highest growth.
Features of the Global Evaporated Milk Market
Market Size Estimates: Evaporated milk market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Evaporated milk market size by various segments, such as by type, product type, application, end use, and region in terms of value ($B).
Regional Analysis: Evaporated milk market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, product types, applications, end uses, and regions for the evaporated milk market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the evaporated milk market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for evaporated milk market?
Answer: The global evaporated milk market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the evaporated milk market?
Answer: The major drivers for this market are growing demand for convenient dairy products, increasing adoption of this product in baking and cooking applications, and rising consumer preference for long-lasting shelf-stable products.
Q3. What are the major segments for evaporated milk market?
Answer: The future of the evaporated milk market looks promising with opportunities in the commercial and residential markets.
Q4. Who are the key evaporated milk market companies?
Answer: Some of the key evaporated milk companies are as follows:
• Nestle
• Fraser and Neave
• Dana Dairy
• Delta Food Industries
• Eagle Family Foods
• Yotsuba Milk Products
• Alokozay
• Royal Friesland Campina
• O-AT-KA Milk Products
• Naisa Brand Products
Q5. Which evaporated milk market segment will be the largest in future?
Answer: Lucintel forecasts that dairy is expected to witness the higher growth.
Q6. In evaporated milk market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the evaporated milk market by type (dairy and non-dairy or plant-based milk), product type (low fat, whole milk, skimmed, part skimmed, sweetened, unsweetened, flavored, and others), application (food & beverage and personal & beauty care), end use (commercial and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Evaporated Milk Market, Evaporated Milk Market Size, Evaporated Milk Market Growth, Evaporated Milk Market Analysis, Evaporated Milk Market Report, Evaporated Milk Market Share, Evaporated Milk Market Trends, Evaporated Milk Market Forecast, Evaporated Milk Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.