Condensed Or Evaporated Milk Market Size - By Product Type, By Packaging Type, By Distribution Channel, By Application, By End Use, Forecast, 2025 - 2034

Condensed Or Evaporated Milk Market Size

The global condensed or evaporated milk market size was valued at USD 7.5 billion in 2024, with expectations to reach USD 11.7 billion by 2034, growing at a CAGR of 4.6%.
 

Growth in the demand for evaporated and condensed shelf-stable dairy products, particularly in low refrigeration regions, is propelling the condensed or evaporated milk market's growth. The increased demand is attributed to the consumers' need for long-lasting dairy products which can be used in cooking and baking as well as fresh milk substitutes. The market particularly thrives from household consumption and food service like bakeries, cafes, and dessert shops.
 

Furthermore, changing food preferences are aiding in the revival of recipes using condensed milk in other regions with Asia-Pacific and Latin America, along with the expansion of convenience foods and ready-to-eat desserts. There are additional innovations in the marketplace including new flavors, low-sugar, plant-based, health- or lactose-intolerant consumer friendly alternatives which broaden its appeal.
 

Consumers are adopting effective packaging and online retail which improves product accessibility. Though there is still competition from fresh and non-dairy, evaporated and condensed milk still hold prominent value owing to their culinary uses. The market is continuously poised due to evolving modern and traditional diets in developed and emerging economies.
 

Condensed Or Evaporated Milk Market Trends

The market for evaporated milk and condensed milk is influenced by changing consumer needs, increase marketing of convenience dairy foods, and the growing popularity of shelf-stable dairy products. An emerging market trend is the increasing use of condensed and evaporated milk in emerging markets where lack of cold chain infrastructure makes shelf-stable products more practical. These items have also traditionally served as ingredients in various regional cuisines in the Asia Pacific, Latin America, and the Middle East, ensuring steady demand.
 

In more advanced markets, the home baking trend and dessert preparation which surged during the COVID-19 pandemic has increased the use of condensed milk in home cooking. Consumers concerned about their health tend to drive new developments in low-sugar and fat-free products as well as plant-based alternatives. Besides, those products are beginning to cross into the mainstream product mix.
 

Furthermore, manufacturers are concentrating on clean-label formulations and eco-friendly packaging to aid in attaining campaign goals and public expectations. In the foodservice industry, evaporated and condensed milk continue to be mainstays due to their consistent composition. Businesses and retailers are improving focused market access by e-commerce as well as the growth of supermarket chains in urban and semi-urban areas. Overall, the market is striking a balance between new product development and traditional application to adapt with changing dietary trends and lifestyle choices around the world.
 

Condensed Or Evaporated Milk Market Analysis

The condensed or evaporated milk market by product type is sweetened condensed milk, unsweetened condensed milk (evaporated milk), flavored condensed milk, low-fat & fat-free variants, organic condensed & evaporated milk and others. The sweetened condensed milk accounted for 35.2% of the market share in 2024 with a market size of USD 2.6 billion.
 

• The milk products industry is undergoing fast-paced growth, change, and transformation, which is mostly due to marketing strategies focusing on consumer needs and innovations within the field. The sweetened condensed milk product still retains its longstanding position of preference amongst shoppers, and the unflavored variants still retain a measurable market share owing to ease of use in cooking. Over flavored variants such as chocolate, caramel, and vanilla sweetened condensed milk are on the rise in terms of sales popularity due to an increased fascination with indulgence among youngsters.
   
• Unsweetened condensed milk (evaporated milk) is still in demand due to its creamy texture and unique longevity, with whole unsweetened variants leading the market. However, low fat and fat-free variants of unsweetened evaporated milk are rapidly on the rise due to heightened concern about health among society.
   
• A greater portion of consumers are showing interest in organic condensed and evaporated milk which is in line with the general shift towards clean label products that are devoid of additives. At the same time, there is some change in the market when it comes to the type of milk being sold. Another thing to note is that there is some innovation when it comes to the products solution with the PET bottles being recyclable and single-serve packs catering to convenience but also sustainability.

The market is segmented into cans, tetra packs, bottles, tubes, pouches and others based on packaging type. Cans made up 31.5% of the market in 2024 and expected to grow at a faster rate of 4% CAGR to reach a wider consumer base.
 

The condensed and evaporated milk market is witnessing significant shifts in packaging preferences, driven by consumer demand for convenience, sustainability, and extended shelf life. Cans remain dominant, particularly for evaporated milk, due to their durability and excellent barrier properties that ensure long shelf life, though their heavier weight and higher production costs are leading to moderate growth amid competition from more convenient options. Tetra packs, utilizing aseptic technology, are gaining popularity for their lightweight, recyclable nature and ability to preserve milk without refrigeration, aligning with eco-conscious consumer trends.
 

Bottles, especially those made from recyclable PET, offer resealability and are favoured for their convenience and sustainability, with innovations like Friesland Campina’s recyclable PET packs enhancing their appeal. Pouches are emerging as a cost-effective, lightweight, and flexible option, particularly in emerging markets, offering ease of use and reduced transportation costs. Tubes and other innovative formats, including single-serve packs, are catering to on-the-go consumption and portion control, reflecting the market's adaptation to modern lifestyles. Overall, the market is moving towards packaging solutions that balance functionality, sustainability, and consumer convenience.
 

The condensed or evaporated milk market by distribution channel is segmented into supermarkets & hypermarkets, convenience stores, online retail, specialty stores, foodservice industry and others. The supermarkets & hypermarkets accounted for 38.8% of the market share in 2024 with a market size of USD 2.9 billion.
 

The distribution structure for evaporated and condensed milk is changing due to new shifts in consumer spending or retail behaviour. Supermarkets and hypermarkets continue to lead and have a strong foothold as they receive a lot of foot-traffic as well as promotional activities from brands. Convenience stores also cater to urban areas where consumers are looking for fast and convenient purchases, so their location greatly helps serve the condensed or evaporated milk market.
 

There is increasing growth within the online retail sector because of home delivery, the variety of products available, and low prices; this shift has been made easier due to the rise in internet usage and purchasing behaviour. Niche markets are provided by specialty stores who sell organic or premium variants to more sophisticated buyers. This group remains as a major contribution, which includes bakeries, cafes, and other restaurants who use these products in various recipes. Interchanges enable refine the retail network in relation to the needs of the consumer with utmost precision.
 

The condensed or evaporated milk market is segmented into bakery & confectionery, beverages, desserts & ice cream, infant food, sauces & soups, direct consumption and others on application. Bakery & confectionery is expected to grow at a faster rate of 6.5% CAGR.
 

The market for evaporated and condensed milk products demonstrates varied application usage in different industries. The bakery and confectionery sectors remain the most important for these milk products. They use them to improve the flavor, texture, and even extend the shelf-life of baked goods and sweets. There is a strong demand for high-quality bakery products, which is supported by growing disposable incomes and shifts in consumer tastes. This growth is observed in this segment.
 

Branching out to beverages, evaporated and condensed milk products are used in tea, coffee, and other beverages to enhance their creaminess and flavor. Specialty drinks and the café culture are on the rise and so is the demand for these products. Dessert and ice cream masters use these milk products to create an unforgettable sensory experience with a creamy texture.
 

Evaporated milk is often used in infant formula to provide essential nutrients for the baby. It is also used in sauces and soups where mast consumers look for rich indulgent flavors and a smooth creamy texture. Unsweetened evaporated milk products, especially in regions, where sweetened condensed milk is conveniently used like a spread or topping, are noteworthy for direct consumption.
 

In general, the scope of use for both evaporated and condensed milk drives their incorporation into practices spanning diverse culinary and gastronomic dishes, responding to changing customer demands and shifts in interests.
 

The condensed or evaporated milk market is segmented into household/retail consumers, food service industry, food processing industry and others based on end-users. Household/retail consumers is expected to grow at a faster rate of 4.4% CAGR.
 

The condensed and evaporated milk market exhibits diverse trends across various end-user segments. Household/retail consumers remain the primary market drivers, utilizing these products in home cooking and baking due to their convenience, long shelf life, and versatility in recipes like desserts and beverages. The surge in home cooking and baking, influenced by social media and lifestyle trends, has further amplified this demand. The foodservice industry, encompassing cafes, bakeries, and restaurants, significantly contributes to market growth by incorporating condensed and evaporated milk into a variety of dishes and beverages.
 

The global expansion of café culture, particularly in urban areas, has increased the consumption of café products that use sweetened condensed milk as a staple ingredient. The food processing industry leverages these milk products in manufacturing ready-to-eat meals, snacks, and infant formulas, benefiting from their rich texture and nutritional value. The demand for infant formula is escalating, driven by increasing birth rates in certain regions and a higher number of working mothers seeking convenient feeding options. Collectively, these end-user segments underscore the market's adaptability and its integral role in both domestic and commercial culinary applications.
 

The condensed or evaporated milk market is dominated by Europe, accounting for 34.3% of total revenue in 2024.
 

• The market showcases distinct regional dynamics influenced by cultural consumption patterns, culinary traditions, and economic development. In Europe, demand remains steady, driven by the widespread use of evaporated milk in traditional cooking and processed food products. North America demonstrates a mature market, with strong utilization in baking and convenience foods, though growth is relatively stable. In contrast, the Asia Pacific region is witnessing rapid expansion due to urbanization, changing dietary habits, and increasing demand for Western-style desserts and beverages that incorporate these dairy products.
   
• Latin America shows a strong affinity for sweetened condensed milk, particularly in traditional desserts, supporting consistent market demand. Meanwhile, the Middle East and Africa (MEA) are experiencing growing interest, with increasing urban middle-class populations adopting condensed and evaporated milk in both domestic cooking and commercial foodservice. Overall, regional growth is tied closely to evolving lifestyles, foodservice industry development, and local dietary preferences.
   

Condensed Or Evaporated Milk Market Share

The Danone S.A., Nestlé S.A., The J.M. Smucker Company (Eagle Brand), Arla Foods, and Friesland Campina N.V. are significant 5 players in the condensed or evaporated milk industry with respect to innovation and distribution. Danone S.A., Nestlé S.A., The J.M. Smucker Company (Eagle Brand), Arla Foods, and Friesland Campina N.V. play significant roles in shaping the condensed and evaporated milk market.
 

Nestlé leads with its extensive product portfolio and global distribution reach, while Danone leverages its dairy expertise and focus on nutritional innovation. The J.M. Smucker Company, through Eagle Brand, maintains strong brand loyalty in North America. Arla Foods emphasizes quality and sustainability in its dairy offerings, contributing to premium market segments. Friesland Campina, with its strong European base, drives innovation and exports, particularly in value-added dairy products like sweetened condensed and evaporated milk.
 

Condensed Or Evaporated Milk Market Companies

Danone S.A.: Danone has expanded its presence in emerging markets through strategic joint ventures, such as Grameen Danone in Bangladesh, focusing on affordable, nutrient-rich dairy products. While not directly in condensed milk, these initiatives enhance its dairy portfolio and market reach.
 

Nestlé S.A.: Nestlé continues to innovate in dairy, introducing products like N3 milk with added prebiotic fibers and reduced lactose. While Carnation remains its flagship evaporated milk brand, Nestlé is also exploring plant-based dairy alternatives to meet evolving consumer preferences.
 

The J.M. Smucker Company (Eagle Brand): Originally part of J.M. Smucker, Eagle Brand was sold in 2015 and now operates under Eagle Foods. The brand continues to offer its classic sweetened condensed milk, focusing on traditional recipes and home baking markets.
 

Arla Foods: Arla has launched Dano Full Cream and Cool Cow evaporated milk in Nigeria, catering to local nutritional needs. Collaborations with Starbucks and Mondel?z have expanded its dairy beverage offerings, including Milka-branded chocolate milk in Europe.
 

Friesland Campina N.V.: Friesland Campina is investing in sustainable dairy alternatives, partnering with Triplebar Bio for precision fermentation and Agrifirm for local oat and soy farming. These initiatives aim to diversify its product range beyond traditional dairy.
 

Condensed Or Evaporated Milk Industry News:

• In May 2022, F&N Dairies (Thailand) Limited introduced a new sweet potato-flavored variant of its Teapot Sweetened Condensed Milk in a tube format, aimed at home chefs for dessert preparation. This launch follows earlier releases of the TEAPOT product in strawberry, matcha, and mango flavors.
   

The condensed or evaporated milk market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion from 2021 - 2034 for the following segments:

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Market, By Product Type

• Sweetened condensed milk
• Unsweetened condensed milk (Evaporated milk)
• Flavored condensed milk
• Low-fat & fat-free variants
• Organic condensed & evaporated milk
• Others

Market, By Packaging Type

• Cans
• Tetra packs
• Bottles
• Tubes
• Pouches
• Others

Market, By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience stores
• Online retail
• Specialty stores
• Foodservice industry
• Others

Market, By Application

• Bakery & confectionery
• Beverages
  • Coffee & tea
  • Smoothies & milkshakes
  • Other beverages 
• Desserts & ice cream
• Infant food
• Sauces & soups
• Direct consumption
• Others

Market, By End Use

• Household/retail consumers
• Food service industry
• Food processing industry
• Others

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Rest of Europe 
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa