Global Evaporated Milk Market, By Type (Skimmed Evaporated Milk, Whole Evaporated Milk), By Application (Food Service Cans, Retail), By Region (North America, APAC, Europe, MEA, South America), Estimation & Forecast 2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Evaporated Milk market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Evaporated Milk market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The global evaporated milk market held a market value of USD 957.9 Million in 2020 and is estimated to reach USD 1,162.8 Million by the year 2027. The market is anticipated to register a CAGR of 2.8% during the forecast period. The estimated market volume for evaporated milk is expected to grow at a CAGR of 2.5% and reach 403,451.8 tons by 2027.
Evaporated milk or unsweetened condensed milk is a shelf-stable product made from canned cow’s milk. 60% water from this milk is removed. It is available in liquid form and has a shelf life of approximately 18 to 24 months. The market is expected to be driven by the high nutritional profile of evaporated milk as compared to regular milk. Furthermore, the continuously growing food and beverage industry is also expected to fuel the market growth.
Volatility in the regular milk prices is anticipated to negatively hamper the market growth. Also, evaporated milk contains more milk proteins and lactose per volume, as compared to regular milk. Therefore, it can’t be consumed by lactose-intolerant people. This further restrains the market growth.
Growth Influencers:
High nutritional profile compared to regular milk
Since 60% of the water is removed in the evaporated milk, it is a nutrient-rich milk product. According to the Code of Federal Regulations, evaporated milk, by weight contains 16.5% milk solids-not-fat, a minimum of 6.5% milk fat, and 23% total milk solids. The following demonstrates the nutritional profile of various varieties of evaporated milk, as well as regular milk, as per an article published by Healthline.
Whole Evaporated Milk:
• 338 Calories
• 25 Grams Carbs
• 25 Grams Sugar
• 17 Grams Protein
• 19 Grams Fat
Reduced Fat Evaporated Milk:
• 232 Calories
• 28 Grams Carbs
• 28 Grams Sugar
• 19 Grams Protein
• 5 Grams Fat
Fat-Free Evaporate Milk:
• 197 Calories
• 28 Grams Carbs
• 28 Grams Sugar
• 19 Grams Protein
• 0.5 Grams Fat
Whole Cow’s Milk:
• 149 Calories
• 12 Grams Carbs
• 12 Grams Sugar
• 8 Grams Protein
• 8 Grams Fat
Growing food and beverage industry
The food and beverages industry is rapidly growing across the world. This is also boosting the market demand for healthier versions of regular food products, including milk. Evaporated milk has various applications in the industry. It is used in smoothies, coffee, creamy soups, chowders, oatmeal, and savory sauces, among others. All these applications coupled with the growing food and beverage industry are anticipated to fuel the market growth during the forecast period.
Segments Overview:
The global evaporated milk market is segmented based on type and application.
By Type,
• Skimmed Evaporated Milk
• Whole Evaporated Milk
The whole evaporated milk segment is anticipated to hold the largest market share owing to its wide usage in the confectionery industry. Also, it is used in soups, gravies, sauces, quiches, and other such products. The skimmed evaporated milk segment is estimated to grow at a growth rate of 3.6% owing to its growing usage as an alternative to the regular milk for the production of dairy products, such as yogurt, ice cream, and other frozen desserts.
By Application,
• Food Service Cans
• Retail
The food service cans are anticipated to grow at the fastest growth rate owing to rising sales of foodservice cans containing evaporated milk. The retail segment is expected to have a market volume of 208,196 tons in 2020. Increasing the dependency of consumers on the retail channels is expected to boost this segment’s growth over the forecast period. Retail channels include convenience stores, supermarkets, hypermarkets, and other mixed retailers.
Regional Overview
On a regional basis, the global Evaporated Milk market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Europe region accounted for a market volume of approximately 116,416.2 tons in 2020. This is owing to the rising demand for dairy products with low fat and sugar content. Furthermore, the British Retail Consortium has laid mandatory controls on the consumption of unhealthy food, which is contributing to the market growth.
The Asia Pacific region is expected to grow at significant growth rates and its market volume sales are expected to cross 90,000 tons by 2027. The growing demand for healthy alternatives for milk in developing economies such as Thailand and Malaysia, among others is estimated to contribute to the market growth.
Competitive Landscape
Key players operating in the global Evaporated Milk market include Nestle, Arla, Fraser and Neave, Friesland Campina, Marigold, DMK GROUP, Eagle Family Foods, O-AT-KA Milk Products, Leche Gloria SA, DANA Dairy, Delta Food Industries FZC, Yotsuba Milk Products, Senel Bv, Zhejiang Panda Dairy, Envictus, Alaska Milk, and Alokozay Group, among others.
The cumulative market share of the top 5 players is near about 48%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in June 2021, Arla Foods signed a contract with Dale Farm, an Ireland-based whey protein supplier. Dale Farm supplied whey protein concentrates for Arla’s global ingredients business.
The global Evaporated Milk market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Evaporated Milk market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Evaporated Milk market report answers questions such as:
• What is the market size and forecast of the Global Evaporated Milk Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Evaporated Milk Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Evaporated Milk Market?
• What is the competitive strategic window for opportunities in the Global Evaporated Milk Market?
• What are the technology trends and regulatory frameworks in the Global Evaporated Milk Market?
• What is the market share of the leading players in the Global Evaporated Milk Market?
• What modes and strategic moves are considered favorable for entering the Global Evaporated Milk Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Evaporated Milk Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Evaporated Milk market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Evaporated Milk Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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