Sweetened Condensed Milk Market Size, Share & Trends Analysis Report By Product Type (Flavored, Unflavored), By Packaging Type (Cans, Bottles, Tubes), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global sweetened condensed milk market size is anticipated to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% over the forecast period. Long shelf life of the product, along with innovating packaging techniques, is expected to positively influence the market growth in the next few years.

Unflavored sweetened condensed milk dominated the global market in 2018. The product consumption has increased as a substitute for milk in countries like Thailand, Vietnam, and Indonesia. These countries use the product as a base for many traditional sweet dishes and beverages like teh terik. However, flavored variants such as caramel and chocolate are expected to witness substantial growth during the forecast period owing to popularity of these flavors among kids.

Can packaging type accounted for the maximum share in 2018, followed by bottles. High visibility of aluminum cans owing to its high recycling ability and low food spoilage rate is a main factor driving the market for can over the forecast period. However, consumer preference has shifted from cans to tubes owing to their convenient use and storage and introduction of milk tubes. These factors are expected to contribute to the overall growth of the market during the projected period.

Europe occupied the largest market share in 2018 owing to increase in production and consumption of sweetened condensed milk as a major beverage ingredient. Countries such as Germany, Poland, and U.K. contributed to the regional market growth. Consumption of this product is expected to reduce significantly due to its high calorie content and increasing awareness related to obesity.

However, the industry has high growth potential in Asia Pacific due to increasing consumption of the product in Vietnam and Malaysia. For instance, Vinamilk, one of the major players, is focusing on improving its brand penetration in Southeast Asia owing to huge demand for dairy products in these countries. This is expected to drive the overall market in the coming years.

Further key findings from the report suggest:

• Tube packaging segment in sweetened condensed milk market is projected to ascend with a CAGR of 5.9% over the forecast period owing to longer shelf life and easy storage of the tube

• Eagle brand, one of the most popular brands of sweet condensed milk, launched caramel and chocolate flavored, along with a series of recipes. The flavors were launched during the holiday season in 2015 to improve product consumption and increase product sales

• Fraser & Neave Holdings Bhd (F&NHB) launched Milk Stix and Squeeze Tube, Malaysia's first full cream sweetened condensed milk in such packaging to increase product sales.

 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. Bottles Sources & Third-Party Perspectives
                      1.3.4. Cans 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. Sweetened Condensed 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 Sweetened Condensed 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. Sweetened Condensed Milk Market: Product Type Estimates & Trend Analysis
                  5.1. Product Type Movement Analysis & Market Share, 2018 & 2025
                  5.2. Flavored
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Unflavored
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Sweetened Condensed Milk Market: Packaging Type Estimates & Trend Analysis
                  6.1. Packaging Type Movement Analysis & Market Share, 2018 & 2025
                  6.2. Cans
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Bottles
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.4. Tubes
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.5. Other
                      6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Sweetened Condensed 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 product type, 2015 - 2025 (USD Million)
                      7.2.3. Market estimates and forecast, by packaging type, 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 product type, 2015 - 2025 (USD Million)
                          7.2.4.3. Market estimates and forecast, by packaging type, 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 product type, 2015 - 2025 (USD Million)
                      7.3.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                      7.3.4. Germany
                          7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                          7.3.4.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                      7.3.5. Poland
                          7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.5.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                          7.3.5.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                      7.3.6. U.K.
                          7.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.6.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                          7.3.6.3. Market estimates and forecast, by packaging type, 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 product type, 2015 - 2025 (USD Million)
                      7.4.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                      7.4.4. Japan
                          7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                          7.4.4.3. Market estimates and forecast, by packaging type, 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 product type, 2015 - 2025 (USD Million)
                      7.5.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                      7.5.4. Chile
                          7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.4.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                          7.5.4.3. Market estimates and forecast, by packaging type, 2015 - 2025 (USD Million)
                  7.6. Middle East & Africa
                      7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      7.6.2. Market estimates and forecast, by product type, 2015 - 2025 (USD Million)
                      7.6.3. Market estimates and forecast, by packaging type, 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. Eagle Family Foods Group LLC
                      9.1.1. Company Overview
                      9.1.2. Financial Performance
                      9.1.3. Product Benchmarking
                      9.1.4. Strategic Initiatives
                  9.2. Nestle
                      9.2.1. Company Overview
                      9.2.2. Financial Performance
                      9.2.3. Product Benchmarking
                      9.2.4. Strategic Initiatives
                  9.3. Fraser & Neave Holdings Bhd (F & NHB)
                      9.3.1. Company Overview
                      9.3.2. Financial Performance
                      9.3.3. Product Benchmarking
                      9.3.4. Strategic Initiatives
                  9.4. Amul 
                      9.4.1. Company Overview
                      9.4.2. Financial Performance
                      9.4.3. Product Benchmarking
                      9.4.4. Strategic Initiatives
                  9.5. Vinamilk
                      9.5.1. Company Overview
                      9.5.2. Financial Performance
                      9.5.3. Product Benchmarking
                      9.5.4. Strategic Initiatives
                  9.6. The Dutch Lady
                      9.6.1. Company Overview
                      9.6.2. Financial Performance
                      9.6.3. Product Benchmarking
                      9.6.4. Strategic Initiatives
                  9.7. Belgorod Dairy Products OJSC
                      9.7.1. Company Overview
                      9.7.2. Financial Performance
                      9.7.3. Product Benchmarking
                      9.7.4. Strategic Initiatives
                  9.8. Goya Foods
                      9.8.1. Company Overview
                      9.8.2. Financial Performance
                      9.8.3. Product Benchmarking
                      9.8.4. Strategic Initiatives
                  9.9. Borden Magnolia
                      9.9.1. Company Overview
                      9.9.2. Financial Performance
                      9.9.3. Product Benchmarking
                      9.9.4. Strategic Initiatives
                  9.10. Dana Dairy
                      9.10.1. Company Overview
                      9.10.2. Financial Performance
                      9.10.3. Product Benchmarking
                      9.10.4. Strategic Initiatives

List of Tables

1. Sweetened Condensed Milk - Key market driver analysis
2. Sweetened Condensed Milk - Key market restraint analysis
3. Global flavored sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
4. Global unflavored sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
5. Global sweetened condensed milk market estimates and forecast by cans, 2015 - 2025 (USD Million)
6. Global sweetened condensed milk market estimates and forecast by bottles, 2015 - 2025 (USD Million)
7. Global sweetened condensed milk market estimates and forecast by tubes, 2015 - 2025 (USD Million)
8. Global sweetened condensed milk market estimates and forecast by other packaging type, 2015 - 2025 (USD Million)
9. North America sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
10. North America sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
11. North America sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
12. U.S. sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
13. U.S. sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
14. U.S. sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
15. Europe sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
16. Europe sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
17. Europe sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
18. Germany sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
19. Germany sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
20. Germany sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
21. Poland sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
22. Poland sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
23. Poland sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
24. U.K. sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
25. U.K. sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
26. U.K. sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
27. Asia Pacific sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
28. Asia Pacific sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
29. Asia Pacific sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
30. Japan sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
31. Japan sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
32. Japan sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
33. Central & South America sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
34. Central & South America sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
35. Central & South America sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
36. Chile sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
37. Chile sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
38. Chile sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
39. Middle East & Africa sweetened condensed milk market estimates and forecast, 2015 - 2025 (USD Million)
40. Middle East & Africa sweetened condensed milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Million)
41. Middle East & Africa sweetened condensed milk market revenue estimates and forecast by packaging type, 2015 - 2025 (USD Million)
42. Vendor landscape

List of Figures

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