Report Update: May 1, 2025

World - Condensed Or Evaporated Milk (Sweetened) - 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

Sweetened condensed and evaporated milk market

Sweetened condensed and evaporated milk market: get access to the latest data secured by an Ai-driven business intelligence tool. Facts and figures cover market prices, exports, companies, market size, production, imports, consumption, and trade. There is a breakdown by region, including EU, the U.K., the U.S., Latin America, Africa, Russia, China, and the Middle East. Market dynamics and outlook to 2030 are also featured in the reports.

Sweetened Condensed and Evaporated Milk - World's Largest Markets

Rating	Country
1	United States
2	Malaysia
3	United Kingdom
4	Mexico
5	Brazil

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

From 2019 to 2021, the average annual growth rate of value in the United States totaled +1.2%. In the other countries, the average annual rates were as follows: Malaysia (+2.2% per year) and the UK (-2.3% per year).

Sweetened Condensed And Evaporated 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	688	696	691	0.2%
Malaysia	906	946	927	1.2%
Thailand	891	1206	1007	6.3%
Australia	1484	1610	1607	4.1%
Belarus	1797	1716	1736	-1.7%
Chile	1648	1673	1804	4.6%
Netherlands	2374	2093	1974	-8.8%
Germany	1822	1865	1977	4.2%
Spain	1877	1919	2143	6.9%
Belgium	2434	2428	2453	0.4%
Average	1452	1468	1473	0.7%

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($2,453 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 Spain, 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
Germany	2302	2354	2534	4.9%
Saudi Arabia	2400	2517	2452	1.1%
United Kingdom	1952	2068	2296	8.5%
France	2317	2556	2283	-0.7%
Spain	2159	2488	2084	-1.8%
Netherlands	1946	1833	1783	-4.3%
Russia	1726	1643	1752	0.8%
China	1468	1537	1501	1.1%
Mexico	1269	1275	1272	0.1%
Bahrain	958	1163	1022	3.3%
Indonesia	966	905	932	-1.8%
United Arab Emirates	547	544	546	-0.1%
Togo	429	446	460	3.6%
Average	1470	1534	1570	3.3%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($2,534 per ton), while Togo ($460 per ton) was amongst the lowest.

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

Sweetened Condensed and Evaporated Milk - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Saudi Arabia	0.1	0.1	0.1	-4.1%
Russia	0.07	0.08	0.07	2.7%
United Arab Emirates	0.08	0.07	0.07	-3.5%
Netherlands	0.06	0.05	0.06	1.7%
France	0.06	0.06	0.06	-4.6%

In value terms, the largest sweetened condensed and evaporated milk importing markets worldwide were Saudi Arabia ($136M), Russia ($72M) and the United Arab Emirates ($72M), together accounting for 24% of global imports. The Netherlands, France, the UK, Germany, Spain, China, Mexico, Indonesia, Bahrain and Togo lagged somewhat behind, together accounting for a further 28%.

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

Sweetened Condensed and Evaporated Milk - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Belgium	0.2	0.2	0.2	9.3%
Saudi Arabia	0.2	0.1	0.1	-3.3%
Netherlands	0.1	0.1	0.1	-2.3%
Belarus	0.08	0.09	0.08	4.3%
Spain	0.07	0.08	0.08	10.4%

In value terms, the largest sweetened condensed and evaporated milk supplying countries worldwide were Belgium ($209M), Saudi Arabia ($144M) and the Netherlands ($143M), together accounting for 43% of global exports. These countries were followed by Belarus, Spain, Germany, Malaysia, Chile, Australia, Togo and Thailand, which together accounted for a further 36%.

Togo saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Sweetened Condensed and Evaporated Milk - Market Forecast

Driven by increasing demand for sweetened condensed and evaporated milk worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, 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.

Sweetened Condensed and Evaporated 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

Sweetened Condensed and Evaporated Milk - Product Coverage

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 sweetened condensed and evaporated 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 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. TOP EXPORTING COUNTRIES
4. 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
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. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. 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. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024