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
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Evaporated Milk manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Evaporated Milk in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Evaporated Milk in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Evaporated Milk Product Introduction
- 1.2 Global Evaporated Milk Market Size Forecast
- 1.2.1 Global Evaporated Milk Sales Value (2020-2031)
- 1.2.2 Global Evaporated Milk Sales Volume (2020-2031)
- 1.2.3 Global Evaporated Milk Sales Price (2020-2031)
- 1.3 Evaporated Milk Market Trends & Drivers
- 1.3.1 Evaporated Milk Industry Trends
- 1.3.2 Evaporated Milk Market Drivers & Opportunity
- 1.3.3 Evaporated Milk Market Challenges
- 1.3.4 Evaporated Milk Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Evaporated Milk Players Revenue Ranking (2024)
- 2.2 Global Evaporated Milk Revenue by Company (2020-2025)
- 2.3 Global Evaporated Milk Players Sales Volume Ranking (2024)
- 2.4 Global Evaporated Milk Sales Volume by Company Players (2020-2025)
- 2.5 Global Evaporated Milk Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Evaporated Milk Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Evaporated Milk Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Evaporated Milk
- 2.9 Evaporated Milk Market Competitive Analysis
- 2.9.1 Evaporated Milk Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Evaporated Milk Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Evaporated Milk as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Skimmed Evaporated Milk
- 3.1.2 Whole Evaporated Milk
- 3.2 Global Evaporated Milk Sales Value by Type
- 3.2.1 Global Evaporated Milk Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Evaporated Milk Sales Value, by Type (2020-2031)
- 3.2.3 Global Evaporated Milk Sales Value, by Type (%) (2020-2031)
- 3.3 Global Evaporated Milk Sales Volume by Type
- 3.3.1 Global Evaporated Milk Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Evaporated Milk Sales Volume, by Type (2020-2031)
- 3.3.3 Global Evaporated Milk Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Evaporated Milk Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Infant Food
- 4.1.2 Dairy Products
- 4.1.3 Bakeries
- 4.1.4 Confectionery
- 4.1.5 Others
- 4.2 Global Evaporated Milk Sales Value by Application
- 4.2.1 Global Evaporated Milk Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Evaporated Milk Sales Value, by Application (2020-2031)
- 4.2.3 Global Evaporated Milk Sales Value, by Application (%) (2020-2031)
- 4.3 Global Evaporated Milk Sales Volume by Application
- 4.3.1 Global Evaporated Milk Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Evaporated Milk Sales Volume, by Application (2020-2031)
- 4.3.3 Global Evaporated Milk Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Evaporated Milk Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Evaporated Milk Sales Value by Region
- 5.1.1 Global Evaporated Milk Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Evaporated Milk Sales Value by Region (2020-2025)
- 5.1.3 Global Evaporated Milk Sales Value by Region (2026-2031)
- 5.1.4 Global Evaporated Milk Sales Value by Region (%), (2020-2031)
- 5.2 Global Evaporated Milk Sales Volume by Region
- 5.2.1 Global Evaporated Milk Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Evaporated Milk Sales Volume by Region (2020-2025)
- 5.2.3 Global Evaporated Milk Sales Volume by Region (2026-2031)
- 5.2.4 Global Evaporated Milk Sales Volume by Region (%), (2020-2031)
- 5.3 Global Evaporated Milk Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Evaporated Milk Sales Value, 2020-2031
- 5.4.2 North America Evaporated Milk Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Evaporated Milk Sales Value, 2020-2031
- 5.5.2 Europe Evaporated Milk Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Evaporated Milk Sales Value, 2020-2031
- 5.6.2 Asia Pacific Evaporated Milk Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Evaporated Milk Sales Value, 2020-2031
- 5.7.2 South America Evaporated Milk Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Evaporated Milk Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Evaporated Milk Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Evaporated Milk Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Evaporated Milk Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Evaporated Milk Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Evaporated Milk Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Evaporated Milk Sales Value, 2020-2031
- 6.3.2 United States Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Evaporated Milk Sales Value, 2020-2031
- 6.4.2 Europe Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Evaporated Milk Sales Value, 2020-2031
- 6.5.2 China Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Evaporated Milk Sales Value, 2020-2031
- 6.6.2 Japan Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Evaporated Milk Sales Value, 2020-2031
- 6.7.2 South Korea Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Evaporated Milk Sales Value, 2020-2031
- 6.8.2 Southeast Asia Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Evaporated Milk Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Evaporated Milk Sales Value, 2020-2031
- 6.9.2 India Evaporated Milk Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Evaporated Milk Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Nestle
- 7.1.1 Nestle Company Information
- 7.1.2 Nestle Introduction and Business Overview
- 7.1.3 Nestle Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Nestle Evaporated Milk Product Offerings
- 7.1.5 Nestle Recent Development
- 7.2 Arla Foods
- 7.2.1 Arla Foods Company Information
- 7.2.2 Arla Foods Introduction and Business Overview
- 7.2.3 Arla Foods Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Arla Foods Evaporated Milk Product Offerings
- 7.2.5 Arla Foods Recent Development
- 7.3 Fraser and Neave
- 7.3.1 Fraser and Neave Company Information
- 7.3.2 Fraser and Neave Introduction and Business Overview
- 7.3.3 Fraser and Neave Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Fraser and Neave Evaporated Milk Product Offerings
- 7.3.5 Fraser and Neave Recent Development
- 7.4 Friesland Campina
- 7.4.1 Friesland Campina Company Information
- 7.4.2 Friesland Campina Introduction and Business Overview
- 7.4.3 Friesland Campina Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Friesland Campina Evaporated Milk Product Offerings
- 7.4.5 Friesland Campina Recent Development
- 7.5 Marigold
- 7.5.1 Marigold Company Information
- 7.5.2 Marigold Introduction and Business Overview
- 7.5.3 Marigold Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Marigold Evaporated Milk Product Offerings
- 7.5.5 Marigold Recent Development
- 7.6 DMK GROUP
- 7.6.1 DMK GROUP Company Information
- 7.6.2 DMK GROUP Introduction and Business Overview
- 7.6.3 DMK GROUP Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 DMK GROUP Evaporated Milk Product Offerings
- 7.6.5 DMK GROUP Recent Development
- 7.7 Eagle Family Foods
- 7.7.1 Eagle Family Foods Company Information
- 7.7.2 Eagle Family Foods Introduction and Business Overview
- 7.7.3 Eagle Family Foods Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Eagle Family Foods Evaporated Milk Product Offerings
- 7.7.5 Eagle Family Foods Recent Development
- 7.8 O-AT-KA Milk Products
- 7.8.1 O-AT-KA Milk Products Company Information
- 7.8.2 O-AT-KA Milk Products Introduction and Business Overview
- 7.8.3 O-AT-KA Milk Products Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 O-AT-KA Milk Products Evaporated Milk Product Offerings
- 7.8.5 O-AT-KA Milk Products Recent Development
- 7.9 Holland Dairy Foods
- 7.9.1 Holland Dairy Foods Company Information
- 7.9.2 Holland Dairy Foods Introduction and Business Overview
- 7.9.3 Holland Dairy Foods Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Holland Dairy Foods Evaporated Milk Product Offerings
- 7.9.5 Holland Dairy Foods Recent Development
- 7.10 GLORIA
- 7.10.1 GLORIA Company Information
- 7.10.2 GLORIA Introduction and Business Overview
- 7.10.3 GLORIA Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 GLORIA Evaporated Milk Product Offerings
- 7.10.5 GLORIA Recent Development
- 7.11 Alokozay Group
- 7.11.1 Alokozay Group Company Information
- 7.11.2 Alokozay Group Introduction and Business Overview
- 7.11.3 Alokozay Group Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Alokozay Group Evaporated Milk Product Offerings
- 7.11.5 Alokozay Group Recent Development
- 7.12 DANA Dairy
- 7.12.1 DANA Dairy Company Information
- 7.12.2 DANA Dairy Introduction and Business Overview
- 7.12.3 DANA Dairy Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 DANA Dairy Evaporated Milk Product Offerings
- 7.12.5 DANA Dairy Recent Development
- 7.13 Delta Food Industries FZC
- 7.13.1 Delta Food Industries FZC Company Information
- 7.13.2 Delta Food Industries FZC Introduction and Business Overview
- 7.13.3 Delta Food Industries FZC Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Delta Food Industries FZC Evaporated Milk Product Offerings
- 7.13.5 Delta Food Industries FZC Recent Development
- 7.14 Yotsuba Milk Products
- 7.14.1 Yotsuba Milk Products Company Information
- 7.14.2 Yotsuba Milk Products Introduction and Business Overview
- 7.14.3 Yotsuba Milk Products Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Yotsuba Milk Products Evaporated Milk Product Offerings
- 7.14.5 Yotsuba Milk Products Recent Development
- 7.15 Nutricima
- 7.15.1 Nutricima Company Information
- 7.15.2 Nutricima Introduction and Business Overview
- 7.15.3 Nutricima Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Nutricima Evaporated Milk Product Offerings
- 7.15.5 Nutricima Recent Development
- 7.16 Senel Bv
- 7.16.1 Senel Bv Company Information
- 7.16.2 Senel Bv Introduction and Business Overview
- 7.16.3 Senel Bv Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Senel Bv Evaporated Milk Product Offerings
- 7.16.5 Senel Bv Recent Development
- 7.17 Zhejiang Panda Dairy
- 7.17.1 Zhejiang Panda Dairy Company Information
- 7.17.2 Zhejiang Panda Dairy Introduction and Business Overview
- 7.17.3 Zhejiang Panda Dairy Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Zhejiang Panda Dairy Evaporated Milk Product Offerings
- 7.17.5 Zhejiang Panda Dairy Recent Development
- 7.18 Envictus
- 7.18.1 Envictus Company Information
- 7.18.2 Envictus Introduction and Business Overview
- 7.18.3 Envictus Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Envictus Evaporated Milk Product Offerings
- 7.18.5 Envictus Recent Development
- 7.19 Alaska Milk
- 7.19.1 Alaska Milk Company Information
- 7.19.2 Alaska Milk Introduction and Business Overview
- 7.19.3 Alaska Milk Evaporated Milk Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Alaska Milk Evaporated Milk Product Offerings
- 7.19.5 Alaska Milk Recent Development
8 Industry Chain Analysis
- 8.1 Evaporated Milk Industrial Chain
- 8.2 Evaporated Milk Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Evaporated Milk Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Evaporated Milk Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer