Report Update: Mar 1, 2025

World - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Evaporated and condensed milk market

Evaporated and condensed milk market: get access to the most recent datasets provided by an Ai-driven BI platform. Info cover exports, market size, market prices, imports, consumption, companies, trade, and production. Here is a split by country, including China, Africa, EU, Latin America, the U.S., the Middle East, Russia, and the U.K. Market trends and outlook to 2030 are also provided in the reports.

Evaporated and Condensed Milk - World's Largest Markets

Rating	Country
1	United States
2	Peru
3	Mexico
4	Singapore
5	Germany

In value terms, the United States led the market, alone. The second position in the ranking was occupied by Peru. It was followed by Mexico.

In the United States, the evaporated and condensed milk market remained relatively stable over the period from 2019-2021. In the other countries, the average annual rates were as follows: Peru (+2.1% per year) and Mexico (-4.7% per year).

Evaporated And Condensed Milk Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Togo	644	652	663	1.5%
Saudi Arabia	768	750	757	-0.7%
Malaysia	910	944	928	1.0%
United Kingdom	954	1111	1167	10.6%
Peru	1227	1270	1246	0.8%
France	849	964	1311	24.3%
Germany	1191	1249	1366	7.1%
Lithuania	1701	1625	1567	-4.0%
Belarus	1716	1588	1684	-0.9%
Netherlands	1711	1623	1716	0.1%
Australia	1936	2074	2030	2.4%
Belgium	1921	1998	2074	3.9%
Spain	1897	1924	2157	6.6%
Average	1326	1288	1393	2.5%

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($2,157 per ton), while Togo ($663 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Saudi Arabia	2114	2290	2203	2.1%
France	1978	2115	1880	-2.5%
Russia	1260	1530	1719	16.8%
Kuwait	1600	1628	1615	0.5%
Hong Kong SAR	1463	1516	1498	1.2%
Germany	1229	1222	1435	8.1%
Belgium	1070	1187	1345	12.1%
Poland	921	1170	1322	19.8%
Greece	1043	1098	1198	7.2%
Netherlands	1122	1002	1090	-1.4%
Oman	1155	1014	1078	-3.4%
Haiti	1051	1094	1074	1.1%
United Arab Emirates	756	630	678	-5.3%
Average	1328	1319	1386	2.2%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($2,203 per ton), while the United Arab Emirates ($678 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Evaporated and Condensed Milk - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Saudi Arabia	0.3	0.3	0.3	2.9%
Netherlands	0.2	0.2	0.2	13.0%
United Arab Emirates	0.2	0.2	0.2	7.7%
Greece	0.1	0.2	0.2	17.8%
Germany	0.1	0.1	0.1	3.8%

In value terms, Saudi Arabia ($313M), the Netherlands ($216M) and the United Arab Emirates ($186M) appeared to be the countries with the highest levels of imports in 2021, together comprising 24% of global imports. Greece, Germany, Belgium, France, Oman, Kuwait, Russia, Hong Kong SAR, Poland and Haiti lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Poland recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Evaporated and Condensed Milk - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Netherlands	0.5	0.5	0.5	4.0%
Germany	0.4	0.4	0.4	5.3%
Belgium	0.2	0.3	0.3	19.2%
Saudi Arabia	0.2	0.4	0.3	12.7%
France	0.06	0.1	0.1	48.6%

In value terms, the largest evaporated and condensed milk supplying countries worldwide were the Netherlands ($538M), Germany ($402M) and Belgium ($332M), with a combined 45% share of global exports. These countries were followed by Saudi Arabia, France, Australia, Belarus, Spain, Malaysia, Peru, Lithuania, the UK and Togo, which together accounted for a further 37%.

Among the main exporting countries, France saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Evaporated and Condensed Milk - Market Forecast

Driven by increasing demand for evaporated and condensed milk worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Evaporated and Condensed Milk - Top Companies

Nestlé Suisse S.A., Nestle Holdings, Inc., Saputo Dairy Foods Usa, LLC, Mead Johnson Nutrition Company, CAPITOL CHILLED FOODS (AUSTRALIA) PTY. LIMITED, Nestlé México, S.A. de C.V., The Hain Celestial Group Inc, SOLICO GROUP, SPÓLDZIELNIA MLECZARSKA MLEKPOL W GRAJEWIE, Dean Holding Company, NESTLE AUSTRALIA LTD, Associated Milk Producers Inc, Northwest Dairy Association, PARMALAT AUSTRALIA PTY LTD, LONGWARRY FOOD PARK PTY. LTD., NEW ZEALAND MILK (AUSTRALASIA) PTY LTD, FONTERRA INGREDIENTS AUSTRALIA PTY LTD, FONTERRA BRANDS (AUSTRALIA) PTY LTD, LECHE GLORIA S.A., FONTERRA AUSTRALIA PTY LTD

Evaporated and Condensed Milk - Product Coverage

HS 040291 - Dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, other than in powder, granules or other solid forms
HS 040299 - Dairy produce; milk and cream, containing added sugar or other sweetening matter, other than in powder, granules or other solid forms

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for evaporated and condensed milk. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Producing Animals, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Producing Animals, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Producing Animals, By Country, 2024
25. Producing Animals, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024