Evaporated Milk Market Size, Share & Trends Analysis Report By Distribution Channel (Online, Offline), By Type (Skimmed, Whole), By Region, Competitive Landscape, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global evaporated milk market size is expected to reach USD 5.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 2.3% CAGR during the forecast period. 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 58.0% in 2018. 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 31.0% in 2018 and is expected to register a CAGR of 2.4% over the forecast period 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). U.K. is the largest as well as the fastest growing market in the region and accounted for close to 12.0% of the market in 2018. 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.

Further key findings from the report suggest:

• The whole evaporated milk segment accounted for the largest share of over 58.0% in 2018. This variant is widely used in the confectionary industry. It is often used in gravies, soups, quiches, bechamel sauce, and other products

• Offline distribution channels accounted for the dominant share of more than 74.0% in 2018, driven by high dependency of consumers on retail channels and strong presence of leading grocery stores as well as small independent grocers

• Some of the key players operating in the global market are Nestle, Arla, DANA Dairy, Fraser and Neave, Friesland Campina, Delta Food Industries FZC, and Alaska Milk.

 Table of Contents

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 Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Evaporated Milk Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Evaporated Milk Market
                  3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Evaporated Milk Market: Type Estimates & Trend Analysis
                  5.1. Type Movement Analysis & Market Share, 2018 & 2025
                  5.2. Skimmed Evaporated Milk
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Whole Evaporated Milk
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Evaporated Milk Market: Distribution Channel Estimates & Trend Analysis
                  6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                  6.2. Online
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Offline
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Evaporated Milk Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  7.2. North America
                      7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.2.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                      7.2.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.2.4. U.S.
                          7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.2.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.2.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                  7.3. Europe
                      7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.3.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                      7.3.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.3.4. France
                          7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.3.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.3.5. U.K.
                          7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.3.5.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                      7.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million) 
                      7.4.4. China 
                          7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.4.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.4.5. Japan
                          7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.4.5.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                  7.5. Central & South America
                      7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.5.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                      7.5.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.5.4. Brazil
                          7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.5.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                  7.6. Middle East & Africa (MEA)
                      7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.6.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                      7.6.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                      7.6.4. UAE
                          7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.6.4.2. Market estimates and forecast, by Type, 2015 - 2025 (USD Million)
                          7.6.4.3. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                  8.1. Key global players, recent developments & their impact on the industry
                  8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  8.3. Vendor Landscape
                      8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                  9.1. Nestle
                      9.1.1. Company Overview
                      9.1.2. Financial Performance
                      9.1.3. Product Benchmarking
                      9.1.4. Strategic Initiatives
                  9.2. Arla
                      9.2.1. Company Overview
                      9.2.2. Financial Performance
                      9.2.3. Product Benchmarking
                      9.2.4. Strategic Initiatives
                  9.3. DANA Dairy 
                      9.3.1. Company Overview
                      9.3.2. Financial Performance
                      9.3.3. Product Benchmarking
                      9.3.4. Strategic Initiatives
                  9.4. Fraser and Neave
                      9.4.1. Company Overview
                      9.4.2. Financial Performance
                      9.4.3. Product Benchmarking
                      9.4.4. Strategic Initiatives
                  9.5. Friesland Campina
                      9.5.1. Company Overview
                      9.5.2. Financial Performance
                      9.5.3. Product Benchmarking
                      9.5.4. Strategic Initiatives
                  9.6. Delta Food Industries FZC. 
                      9.6.1. Company Overview
                      9.6.2. Financial Performance
                      9.6.3. Product Benchmarking
                      9.6.4. Strategic Initiatives
                  9.7. Alaska Milk
                      9.7.1. Company Overview
                      9.7.2. Financial Performance
                      9.7.3. Product Benchmarking
                      9.7.4. Strategic Initiatives
                  9.8. Yotsuba Milk Products
                      9.8.1. Company Overview
                      9.8.2. Financial Performance
                      9.8.3. Product Benchmarking
                      9.8.4. Strategic Initiatives
                  9.9. Alokozay Group
                      9.9.1. Company Overview
                      9.9.2. Financial Performance
                      9.9.3. Product Benchmarking
                      9.9.4. Strategic Initiatives
                  9.10. Eagle Family Foods
                      9.10.1. Company Overview
                      9.10.2. Financial Performance
                      9.10.3. Product Benchmarking
                      9.10.4. Strategic Initiatives

List of Tables

1. Evaporated Milk - Key market driver analysis
2. Evaporated Milk - Key market restraint analysis
3. Global Skimmed Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
4. Global Whole Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
5. Global Evaporated Milk market estimates and forecast for Online, 2015 - 2025 (USD Million)
6. Global Evaporated Milk market estimates and forecast for Offline, 2015 - 2025 (USD Million)
7. North America Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
8. North America Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
9. North America Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
10. U.S. Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
12. U.S. Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
13. Europe Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
15. Europe Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
16. France Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
17. France Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
18. France Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
19. U.K. Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
20. U.K. Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
21. U.K. Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
22. APAC Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
23. APAC Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
24. APAC Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
25. Japan Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
26. Japan Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
27. Japan Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
28. China Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
29. China Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
30. China Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
31. CSA Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
32. CSA Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
33. CSA Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
34. Brazil Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
35. Brazil Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
36. Brazil Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
37. MEA Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
38. MEA Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
39. MEA Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
40. UAE Evaporated Milk market estimates and forecast, 2015 - 2025 (USD Million)
41. UAE Evaporated Milk market revenue estimates and forecast by Type, 2015 - 2025 (USD Million)
42. UAE Evaporated Milk market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
43. Vendor landscape

List of Figures

1. Evaporated Milk market snapshot 
2. Evaporated Milk market segmentation & scope
3. Evaporated Milk market penetration & growth prospect mapping
4. Evaporated Milk value chain analysis
5. Evaporated Milk market dynamics
6. Evaporated Milk market Porter's analysis 
7. Evaporated Milk market: Type movement analysis 
8. Evaporated Milk market: Distribution Channel movement analysis 
9. Evaporated Milk market: Regional movement analysis