Us Evaporated Milk Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Evaporated Milk Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 7.1 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The U.S. evaporated milk market has demonstrated steady growth, with revenues reaching USD 513.6 million in 2024 and projections estimating an increase to USD 570.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 1.6% during this period.
Whole evaporated milk continues to dominate the market, accounting for 57.7% of the revenue share in 2024. This preference is largely due to its rich, creamy texture and versatility in both household and commercial culinary applications. Consumers appreciate its long shelf life and nutrient density, making it a staple in various recipes, from desserts to savory dishes.
Conversely, the skimmed evaporated milk segment is experiencing the fastest growth, with an anticipated CAGR of 2.5% over the forecast period. This surge is driven by increasing health consciousness among consumers, leading to a demand for low-fat and reduced-calorie dairy products. Skimmed evaporated milk offers a lighter alternative without compromising on taste or versatility, appealing to those mindful of their dietary intake.
In terms of distribution channels, offline retail outlets such as supermarkets, hypermarkets, and convenience stores held the largest revenue share in 2024. The accessibility and immediacy of purchasing from physical stores, along with the ability to inspect products firsthand, contribute to this trend. However, the online segment is rapidly gaining traction, projected to grow at the fastest CAGR during the forecast period. The convenience of online shopping, coupled with a wider variety of products and competitive pricing, attracts a growing number of consumers to digital platforms.
Emerging trends in the evaporated milk market include the introduction of plant-based alternatives, catering to the rising demand for vegan and lactose-free options. Additionally, manufacturers are enhancing nutritional profiles by fortifying products with essential vitamins and minerals, such as vitamins A and D3, to meet the health-conscious consumer's needs. Innovations in packaging, focusing on sustainability and convenience, are also influencing purchasing decisions. For instance, recyclable materials and single-serve portions are becoming more prevalent, aligning with environmental concerns and modern lifestyles.
Despite its processed nature, evaporated milk remains a popular choice due to its practicality and extended shelf life, especially in regions where fresh milk availability is limited. Its versatility spans various culinary applications, including baking, cooking, and as a creamer in beverages, maintaining its relevance in contemporary kitchens.
In summary, the U.S. evaporated milk market is evolving, driven by health trends, convenience, and innovative product offerings. Both whole and skimmed varieties cater to diverse consumer preferences, while advancements in distribution and packaging continue to shape the market landscape.
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Nestle
Arla
Fraser and Neave
Friesland Campina
Marigold
DMK GROUP
Eagle Family Foods
O-AT-KA Milk Products
Holland Dairy Foods
GLORIA
Nestle
DANA Dairy
Delta Food Industries FZC
Yotsuba Milk Products
Nutricima
Senel Bv
Zhejiang Panda Dairy
Envictus
Alaska Milk
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Evaporated Milk Market
Sweetened Evaporated Milk
Unsweetened Evaporated Milk
Condensed Evaporated Milk
Flavored Evaporated Milk
Cans
Cartons
Pouches
Bottles
Supermarkets and Hypermarkets
Convenience Stores
Online Retailers
Specialty Food Stores
Households
Food Service Industry
Bakery and Confectionery
Cafés and Restaurants
Full-Fat Evaporated Milk
Low-Fat Evaporated Milk
Non-Dairy Evaporated Milk
Organic Evaporated Milk
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Evaporated Milk Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Evaporated Milk Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Evaporated Milk Market, By Type
6. Global Evaporated Milk Market, By Application
7. Global Evaporated Milk Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Evaporated Milk Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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