In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Evaporated Milk market for 2018-2023.
Evaporated milk, known in some countries as unsweetened condensed milk, is a shelf-stable canned milk product with about 60% of the water removed from fresh milk.
Evaporated milk can be made from whole milk or skim milk. In either case, the milk is homogenized and then the water is removed by gently heating it. The evaporated milk product is sealed in cans which are then heated to kill any bacteria in the milk. Thus evaporated milk is actually sterile, which, combined with the fact that it is stored in airtight cans, gives it an extremely long shelf life.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 47.14% of the global consumption volume in total.
Evaporated milk has two types, which include skimmed evaporated milk and whole evaporated milk. And each type has different application people and places relatively. Whole evaporated milk is purchased primarily by the confectionery industry while skimmed evaporated milk is commonly used as a source of milk solids in dairy applications and in the manufacture of ice cream, frozen yogurt and other frozen desserts. With nutrition value of evaporated milk, the downstream application industries will need more evaporated milk products. So, evaporated milk has a huge market potential in the future, especially in South America and Asia-Pacific.
The major raw material for evaporated milk is milk. Fluctuations in the price of the upstream product will impact on the production cost of evaporated milk. The production cost of evaporated milk is also an important factor which could impact the price of evaporated milk.
Over the next five years, Planet Market Reports projects that Evaporated Milk will register a 1.8% CAGR in terms of revenue, reach US$ 9110 million by 2023, from US$ 8210 million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Evaporated Milk market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Skimmed Evaporated Milk
Whole Evaporated Milk
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The Key Manufacturers covered in this report:
Fraser and Neave
Eagle Family Foods
O-AT-KA Milk Products
Holland Dairy Foods
Delta Food Industries FZC
Yotsuba Milk Products
Zhejiang Panda Dairy
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Evaporated Milk consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Evaporated Milk market by identifying its various subsegments.
Focuses on the key global Evaporated Milk 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 Evaporated Milk with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Evaporated Milk 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.
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Name: Jennifer Daniel
Organization: Planet Market Reports