1 Global Evaporated Milk Market Insight Analysis
The global evaporated milk market size will reach USD 7,928.99 million in 2025, with a CAGR of 3.19% from 2025 to 2033.
Evaporated milk is a concentrated form of milk from which about 60% of the water has been removed. This process results in a product that is richer, creamier, and has a longer shelf life compared to regular milk. It is widely used in various applications, including infant formula, dairy products, prepared dry mixes, confectionery, and baking.
Figure Global Evaporated Milk Market Size (M USD) and CAGR (2025-2033)
2 Evaporated Milk Market Growth Drivers and Restraints
Long shelf life and convenience drive demand
Evaporated milk removes about 60% of its water through an evaporation process and can be stored for months or even years without refrigeration. This feature makes it popular in areas where dairy products are in short supply or cold chains are imperfect, such as developing countries. For example, in Southeast Asia and Africa, evaporated milk is widely used in home cooking and food processing as a reliable alternative to fresh milk. In addition, its portability meets the needs of outdoor travel, camping and other scenarios, further expanding the consumption scenarios.
Health attributes and nutritional advantages
Evaporated milk retains the main nutrients of milk (such as protein, calcium, vitamin A/D) during processing, and the fat content can be adjusted through processing (such as skimmed evaporated milk) to meet consumers’ demand for healthy food. For example, skimmed evaporated milk has become the choice of people who are losing weight and those who are concerned about cardiovascular health because of its low calories and low cholesterol. At the same time, it is rich in vitamin D and minerals and is also used in the production of infant formula and nutritional supplements.
Expansion of demand in the food industry and catering industry
Condensed milk is widely used in food processing, such as candy (to increase sweetness and texture), baking (to improve bread moistness), instant drinks (such as milk tea, coffee companion), etc. With the growth of the global baking and snacks market (such as the increasing preference of the emerging middle class in Asia for Western-style pastries), the demand for evaporated milk as a key ingredient continues to rise. In addition, the industrial development of the catering industry (such as chain coffee shops and fast food supply chains) has also promoted its bulk purchases.
Economic growth and consumption upgrades in emerging markets
The urbanization process and rising disposable income in the Asia-Pacific region (especially China and India) have promoted the upgrading of the dairy consumption structure. For example, the surge in Chinese consumers’ demand for baked goods and milk tea has driven the growth of evaporated milk imports. At the same time, the Middle East and African markets rely on imported evaporated milk due to their low self-sufficiency rate of dairy products, further driving the expansion of the global market.
E-commerce channels and global distribution
The popularity of e-commerce (such as Amazon and Alibaba) has broken geographical restrictions and increased the penetration of evaporated milk in emerging markets. Companies directly reach consumers through cross-border e-commerce, reducing intermediaries, and use social media marketing (such as celebrity recipes and healthy diet promotion) to enhance product exposure and stimulate demand.
Raw material price fluctuations and supply chain risks
Condensed milk uses milk as its main raw material, and milk prices are significantly affected by weather (such as drought affecting pasture production), animal husbandry costs (feed, labor) and policies (such as restrictions on dairy exports). For example, the rise in global milk prices in 2022 led to increased production costs for condensed milk and pressure on corporate profits. In addition, supply chain disruptions (such as logistics bottlenecks during the epidemic) may affect the stability of raw material supply.
Intensified competition from substitutes
Substitutes such as milk powder, non-dairy creamer, and coconut milk compete with condensed milk in some scenarios. For example, milk powder is more popular in low-income areas because of its lower price and more convenient storage; non-dairy creamer is the choice of vegetarians and lactose-intolerant people because it does not contain lactose. The diversification of substitutes gives consumers more choices, limiting the growth of the market share of condensed milk.
Consumer concerns caused by health awareness
Traditional evaporated milk contains high fat and sodium (some products contain additives), which conflicts with the current “clean label” trend. Consumers’ rising preference for low-sugar and low-fat foods may lead to some market demand shifting to plant-based alternatives or skim dairy products, forcing companies to adjust their formulas (such as launching sugar-free and organic evaporated milk) and increase research and development costs.
Regional market barriers and trade policies
Some countries have strict import standards for dairy products (such as China’s regulation of infant formula) or imposed tariffs to protect their local dairy industry, making it more difficult for multinational companies to enter the market. For example, India has restricted the import of evaporated milk through high tariffs to promote local production, resulting in limited market share for international brands.
Intense market competition and profit compression
Market leaders (such as Nestle and Arla) occupy a major share, and small and medium-sized enterprises face price competition pressure. In order to compete for market share, companies may lower prices or increase promotional investment, resulting in a decline in industry gross profit margins. In addition, the rise of emerging brands (such as local companies in Southeast Asia) has further intensified regional market competition.
3 Technological Innovations in the Evaporated Milk Market
Product formula upgrade
Healthy innovation: develop low-fat, sugar-free, and organic condensed milk, add functional ingredients such as probiotics and dietary fiber to meet the needs of specific groups of people. For example, Nestlé launched “plant-based condensed milk” with coconut milk and oats as raw materials to attract vegetarian consumers.
Convenient packaging: launch small-size packaging (such as single-serving drinking packages) and easy-to-open designs to adapt to the trend of ready-to-eat consumption; aseptic packaging technology extends shelf life and reduces transportation losses.
Production process optimization
Intelligent production: introduce automated production lines and Internet of Things (IoT) monitoring to improve production efficiency (such as precise control of evaporation temperature and time) and reduce energy consumption. For example, FrieslandCampina visualizes production processes through digital factories and reduces labor costs.
Sustainable practices: use environmentally friendly packaging materials (such as recyclable cans) and low-carbon production processes to respond to global carbon reduction goals. Some companies invest in renewable energy (such as solar power) to reduce carbon footprint.
Application scenario expansion
Functional food development: condensed milk is used as a carrier, and fortified ingredients such as vitamins and minerals are added to sports nutrition foods (such as energy bars) and baby food. For example, DMK GROUP uses evaporated milk for chocolate coating to enhance the nutritional value of the product.
Plant-based fusion: Combine emerging ingredients (such as nuts and grains) to develop mixed drinks, such as almond evaporated milk and oat evaporated milk, to meet the needs of diversified tastes.
Head companies expand market share
Nestlé: Rapidly penetrate emerging markets by acquiring regional brands (such as local dairy companies in Southeast Asia), while integrating production lines to reduce costs. For example, in 2020, it acquired an Indonesian dairy company to enhance its distribution network in ASEAN.
Arla Foods: Acquired Mondelēz International’s Middle Eastern cheese business, expanded its product line and entered the high-end dairy market, and increased its penetration in Middle Eastern flavor foods.
Regional corporate integration
China Panda Dairy: Expand production capacity and optimize supply chains through mergers and acquisitions of domestic small and medium-sized dairy companies to cope with competition from imported brands. For example, in 2021, it acquired a dairy factory in Zhejiang to increase its market share in East China.
Southeast Asia F&N (Fraser and Neave): Through the joint efforts of local distributors, it acquired food companies in Thailand and Malaysia to build a regional integrated production and sales network and reduce logistics costs.
4 Global Evaporated Milk Market Size by Type
Regular evaporated milk refers to the product that retains all its natural components after the water content is reduced. This type is known for its rich, creamy texture and is widely used in various culinary applications, including baking, cooking, and as a substitute for fresh milk in recipes. In 2025, the revenue generated by regular evaporated milk is forecasted to be 4350.28 million USD. This segment’s growth is driven by its versatility and the increasing demand for dairy products in regions where refrigeration is limited, making it a preferred choice for consumers and foodservice operators.
Skimmed evaporated milk, on the other hand, is produced by removing all milk fat from whole milk before the evaporation process. This results in a product that is lower in fat content but retains the nutritional benefits of milk. Skimmed evaporated milk is particularly popular among health-conscious consumers and is used in applications such as infant formula, dairy products, and prepared dry mixes. In 2025, the revenue from skimmed evaporated milk is projected to reach 3578.71 million USD. The growth in this segment is attributed to the rising awareness of health benefits associated with low-fat dairy products and the increasing demand for healthier food options.
Table Global Evaporated Milk Market Size by Type in 2025
Type | Market Size (M USD) 2025 |
|---|---|
Regular | 4350.28 |
Skimmed | 3578.71 |
5 Global Evaporated Milk Market Size by Application
Evaporated milk plays a crucial role in the production of infant formula. In 2025, the consumption volume of evaporated milk in this application is projected to be 112.1 thousand tons. It provides essential nutrients such as proteins, fats, and minerals that are vital for the growth and development of infants. With the increasing awareness of infant nutrition globally and the growth in the number of newborns in some regions, the demand for high – quality ingredients like evaporated milk in infant formula is steadily rising.
This is one of the major application areas for evaporated milk. In 2025, the consumption volume is expected to be 615.8 thousand tons. Evaporated milk is used in various dairy products such as cheese, yogurt, and cream. It enhances the texture, flavor, and nutritional profile of these products. For example, in cheese – making, it can contribute to a smoother and creamier texture, and in yogurt, it can add richness and a longer shelf – life.
Evaporated milk is an important component in prepared dry mixes, with a projected consumption volume of 164.0 thousand tons in 2025. These dry mixes include products like instant soups, powdered beverages, and baking mixes. The use of evaporated milk in these products helps to provide a creamy mouth – feel and a rich flavor. For instance, in instant coffee or hot chocolate mixes, it can enhance the taste and make the beverage more indulgent.
In the confectionery industry, evaporated milk is widely used to create delicious treats. In 2025, the consumption volume is forecasted to be 688.5 thousand tons. It is used in making chocolates, caramels, and fudges. Evaporated milk can improve the texture of confectionery products, making them smoother and creamier. It also adds a rich, milky flavor that consumers love.
The bakery sector also has a significant demand for evaporated milk. In 2025, the consumption volume is expected to be 404.4 thousand tons. It is used in bread, cakes, and pastries. Evaporated milk can increase the moisture content of baked goods, resulting in a softer and more tender texture. It also contributes to the browning and flavor development during the baking process.
Table Global Evaporated Milk Market Size and Share by Application in 2025
Application | Market Volume (K Tons) 2025 |
|---|---|
Infant Formula | 112.1 |
Dairy Products | 615.8 |
Prepared Dry Mixes | 164.0 |
Confectionery | 688.5 |
Bakery | 404.4 |
Others | 444.0 |
6 Global Evaporated Milk Market Size by Region
In 2025, the value of the evaporated milk market in the United States is projected to reach 1319.05 million USD. The U.S. market has a well – established dairy industry infrastructure. Evaporated milk is widely used in various food applications, from the food service sector to home cooking. It benefits from a high – consumer awareness of dairy products and a diverse range of product offerings. However, it also faces competition from alternative dairy products and changing consumer preferences towards healthier, plant – based options.
Europe is a significant market for evaporated milk, with a projected value of 2638.47 million USD in 2025. The region has a long – standing tradition of dairy consumption and a highly developed food processing industry. Evaporated milk is used in a variety of applications, including traditional European confectionery, bakery products, and dairy – based beverages. European consumers have a discerning palate, and there is a growing demand for high – quality, artisanal products. The region also emphasizes sustainable and ethical production practices, which influence the development of the evaporated milk market.
China’s evaporated milk market is expected to reach 1225.68 million USD in 2025. In recent years, China has witnessed rapid economic growth and an increasing middle – class population. This has led to a growing demand for dairy products, including evaporated milk. The product is being incorporated into a wider range of food products, such as Chinese – style pastries and beverages. Additionally, the Chinese government’s emphasis on improving public nutrition has also contributed to the growth of the dairy market, although challenges remain in terms of ensuring product safety and meeting strict regulatory requirements.
Japan’s evaporated milk market value is forecasted to be 527.69 million USD in 2025. The Japanese market is known for its high – quality standards and innovative food culture. Evaporated milk is used in unique Japanese food products, such as matcha – flavored confectionery and dairy – based desserts. However, the market also faces challenges due to an aging population and relatively low birth rates, which can impact overall dairy consumption trends.
Southeast Asia’s evaporated milk market is projected to be worth 301.77 million USD in 2025. The region is experiencing a period of economic growth and urbanization, leading to an increasing demand for dairy products. Evaporated milk is popular in local cuisine, especially in desserts and beverages. Moreover, the growth of the tourism industry in the region also boosts the demand for evaporated milk in the food service sector. However, the market is also influenced by factors such as fluctuating raw material prices and competition from local dairy producers.
In 2025, India’s evaporated milk market is expected to reach 217.00 million USD. India has a large and growing population, and dairy products hold a significant place in the country’s diet. While traditional dairy products like ghee and yogurt are more prevalent, the demand for evaporated milk is gradually increasing, especially in urban areas. The growth is driven by factors such as changing lifestyles, increasing disposable income, and the expansion of the processed food industry.
Brazil’s evaporated milk market value is projected to be 271.08 million USD in 2025. Brazil has a robust dairy industry, with a large domestic market and export potential. Evaporated milk is used in local food products, and the country benefits from its abundant milk production resources. However, it also faces challenges such as competition from other agricultural products and the need to improve its distribution infrastructure to reach more consumers.
The GCC countries’ evaporated milk market is forecasted to reach 350.85 million USD in 2025. These countries have a relatively high per – capita income and a growing demand for dairy products. Evaporated milk is used in both traditional Middle – Eastern cuisine and in modern food products. The region’s dependence on imports for dairy products presents opportunities for international players, but also requires compliance with strict import regulations.
Figure Global Evaporated Milk Market Size (M USD) by Region in 2025
7 Global Evaporated Milk Market Analysis by Major Players
Nestlé S.A.
Company Profile
Nestlé S.A., established in 1866, is a Swiss multinational food and beverage processing conglomerate headquartered in Vevey, Switzerland. Nestlé is renowned for its diverse product portfolio, which includes a wide range of food and beverage items. The company operates manufacturing facilities primarily in Europe, North America, and Asia, and its products are distributed worldwide. Nestlé’s global presence and extensive product line have solidified its position as a leading player in the evaporated milk market.
Business Overview
Nestlé’s business encompasses the manufacturing and marketing of a broad spectrum of food products, including dairy products, chocolate, confectionery, bottled water, coffee, creamer, food seasoning, and pet foods. The company’s focus on innovation and quality has enabled it to maintain a strong market position and meet the evolving needs of consumers. Nestlé’s evaporated milk products, such as Carnation Evaporated Milk, are known for their versatility and rich, creamy texture, making them ideal for cooking, baking, and as a substitute for fresh milk.
Product Offered
Carnation Evaporated Milk is one of Nestlé’s flagship products in the evaporated milk category. It is marketed as “The Cooking Milk” due to its ability to enhance the flavor and texture of various dishes. With less water than whole milk, Carnation Evaporated Milk is richer and creamier, making it a preferred choice for recipes that require a dairy component. The product is available in various packaging sizes and is known for its long shelf life, which adds to its appeal in regions with limited refrigeration facilities.
Arla Foods amba
Company Profile
Arla Foods amba, established in 1881, is a Scandinavian multinational cooperative based in Viby, Denmark. It is the largest producer of dairy products in Scandinavia and operates manufacturing facilities primarily in Europe and North America. Arla Foods is known for its high-quality dairy products, which are distributed globally. The company’s cooperative structure ensures a strong focus on quality and sustainability, contributing to its reputation as a leading dairy producer.
Business Overview
Arla Foods amba processes and distributes a wide range of dairy products, including milk, cream, butter, spreads, cheese, yogurt, and custard. The company’s business model emphasizes quality, sustainability, and innovation, which have enabled it to maintain a strong market position in the dairy industry. Arla’s evaporated milk products are known for their rich taste and high nutritional value, making them popular among consumers and foodservice operators.
Product Offered
Arla’s evaporated milk is produced from high-quality milk powder and is fortified with essential nutrients such as Vitamin D3. The product is available in various packaging sizes and is ideal for use in tea, coffee, and sweets. Arla’s evaporated milk is known for its smooth texture and rich flavor, making it a preferred choice for consumers seeking a high-quality dairy product. The company’s focus on quality and sustainability ensures that its products meet the highest standards, contributing to its strong market position.
FrieslandCampina
Company Profile
FrieslandCampina, established in 1871, is a Dutch multinational dairy cooperative headquartered in Amersfoort, the Netherlands. The company is known for its diverse product portfolio, which includes dairy-based beverages, infant nutrition, cheese, and desserts. FrieslandCampina operates manufacturing facilities in Europe, North America, and Asia, and its products are distributed globally. The company’s focus on innovation and sustainability has enabled it to maintain a strong market position in the dairy industry.
Business Overview
FrieslandCampina produces and sells a wide range of consumer products, including dairy-based beverages, infant nutrition, cheese, and desserts. The company also supplies ingredients and half-finished products to manufacturers in the food and pharmaceutical sectors. FrieslandCampina’s business model emphasizes innovation, sustainability, and quality, which have enabled it to maintain a strong market position and meet the evolving needs of consumers. The company’s evaporated milk products are known for their high quality and rich taste, making them popular among consumers and foodservice operators.
Product Offered
FrieslandCampina’s evaporated milk products, such as Rainbow Evaporated Milk, are known for their rich taste and enhanced nutritional value. The product is fortified with essential vitamins and minerals, making it a healthy and versatile option for consumers. FrieslandCampina’s evaporated milk is available in various packaging sizes and is ideal for use in cooking, baking, and as a substitute for fresh milk. The company’s focus on quality and innovation ensures that its products meet the highest standards, contributing to its strong market position in the evaporated milk segment.