According to study, “Global Evaporated Milk Market Size study, by Product (Low Heat Evaporated Milk, Medium Heat Evaporated Milk, High Heat Evaporated Milk), By End-User (Infant Formula, Dairy Products, Prepared Dry Mixes, Confectionery, Bakery) and Regional Forecasts 2018-2025” the key companies operating in the global evaporated milk market are Anchor, Dairy America, Armor, Arla, Amul, Nestle S.A., Eagle Family Foods Group LLC, O-AT-KA Milk Products Cooperative, Inc., Armor, Devondale, Premier Foods, Fraser and Neave, DMK GROUP, Holland Dairy Foods, Friesland Campina, GLORIA, Marigold, Yotsuba Milk Products, Alokozay Group, Delta Food Industries FZC, Zhejiang Panda Dairy, Nutricima, Alaska Milk, Sterling Agro Industries, Envictus, Talmera, SenelBv.
Evaporated milk is a shelf-stable canned milk product with approximately 60% of the water removed from fresh milk. It is also known as unsweetened fresh milk. It integrates well into béchamel sauce, gravies, soups, and quiches as it has a creamy taste without sweetness of condensed milk. It provides nutrients required for healthy bones: calcium, protein, vitamins A and D. It is sold in cans. It comes in skim, 1%, 2% or standardized (3.25%) versions. Skim, 1% and 2% versions are all lower fat choices.
Based on source, evaporated milk market is segmented into organic and conventional. Based on type, market is segmented into skim, low fat and whole milk. Based on product type, market is segmented into high heat evaporated milk, medium heat evaporated milk and low heat evaporated milk. Based on packaging, market is segmented into pouches, cans, glass bottles and tetra packs. Based on distribution channel, market is segmented into online retailing and offline retailing or store-based retailing. Store-based retailing is further sub-segmented into grocery retailers and non-grocery retailers. Grocery retailers include modern grocery retailers, convenience stores, food specialist, independent small grocers, hypermarkets, supermarkets, forecourt retailers, traditional grocery retailers and other grocery retailers. Non-grocery retailers include mixed retailers and other non-grocery retailers. Offline retailing segment holds prevalent share in market owing to large number of consumers, high dependency of consumers on retail channels, and easy availability of the product in these stores. Online retailing segment is projected to witness higher growth rate due to widespread penetration of internet across the globe, increase in consumer awareness regarding companies’ online presence, rise in availability of various discounts & offers, and access to product specifications, information, and usage tutorials during the forecast period. In addition, based on end-use, market is segmented into infant food, food & beverages, bakery, dairy products and confectionary.
The evaporated milk market is driven by increase in demand for beverages, followed by rise in health awareness among the individuals, change in lifestyle & consumer buying behavior and rise in disposable income of the individuals. However, fluctuations in the price of the upstream product may impact the market.
Based on geography, the North-American and European regions hold major share in evaporated milk market owing to growth in demand for dairy products with low sugar & fat content and rise in consumption of evaporated milk as an alternative to regular kind in tea & coffee in the regions. The Asian-Pacific region is anticipated to witness higher growth rate due to increase in population, rise in awareness & growth in urbanization, and surge in food industries over the forecast period.
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