Sweetened Condensed Milk Market Research Report- Forecast till 2027

Sweetened Condensed Milk Market Research Report: By Type (Flavored and Unflavored), Packaging Material (Glass, Plastic and Metal) Distribution Channel (Supermarket & Hypermarket, Convenience Stores and Food & Beverage Specialists) and Region– Forecast till 2027

ID: MRFR/F-B & N/3711-HCR | February 2021 | Region: Global | 110 pages

Please note that the assessment period of the report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for the updated data.


Market Synopsis of Sweetened condensed milk Market


Market Definition:


Sweetened condensed milk is produced majorly from cow milk. The water is removed from cow’s milk through a heating process and then blended with a right amount of sugar to create a rich, thick and smooth texture. Sweetened condensed milk is used to provide sweetness and a rich creamy texture to some desserts. It is a source of calcium, potassium, magnesium, vitamin A and trace amounts of other vitamins and minerals. Moreover, sweetened condensed milk has a longer shelf life. They are available in flavored as well as unflavored form.


Market Scenario:  


Sweetened condensed milk provide rich and creamy texture along with sweetness for which it is gaining acceptance in various food dishes globally. It is also used to sweeten beverages, mainly coffee. Many countries in Asia and Europe prefer sweetened condensed milk in beverages including coffee and tea which is driving the growth of the market.


Growing confectionery industry and increasing demand for dairy products is supporting the growth of sweetened condensed milk market. The long shelf life of the product is having a positive impact on the growth of the sweetened condensed milk market. The key players are constantly making efforts to come up with new flavors in the market which is adding fuel to the growth of the market. However, high calorie and fat content in sweetened condensed milk may hamper the growth of the market. Though, companies are introducing low calorie or fat-free sweetened condensed milk to overcome the restraint.


  Key Findings:



  • New Zealand, the Netherlands, the U.S., Germany, and France are the major exporters of sweetened condensed milk market.

  • The major importers of sweetened condensed milk from the U.S. are Mexico, Philippines, Indonesia, Viet Nam, and Colombia


Intended Audience:



  • Sweetened condensed milk manufacturers

  • Food processors

  • Dairy industry

  • Retailers, wholesaler, and distributor

  • Food and beverage specialists

  • Traders, importers, and exporters



Segments:


On the basis of type, sweetened condensed milk is segmented into flavored sweetened condensed milk and unflavored sweetened condensed milk. Among them, the flavored sweetened condensed milk segment is growing at a fast rate. New innovations in flavors by the key players are driving the growth of this segment.


Based on the packaging material, sweetened condensed milk market is segmented into glass, plastic, metal, and others. Among all, the metal segment is dominating the market followed by the glass segment.


On the basis of the distribution channel, sweetened condensed milk market is segmented into supermarket and hypermarket, convenience stores, food and beverage specialist, and others. Among them, the super market and hypermarket are dominating the market. Availability of wide range of products followed by the convenience of finding all products under one roof is driving the growth of this segment. However, increasing consumption of sweetened condensed milk in food and beverage industry is expected to grow the food and beverage specialist segment over the forecast period.


Regional Analysis:


The global sweetened condensed milk market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. High consumption of desserts in North America is driving the growth of sweetened condensed milk in this segment. In Europe, Germany, France, and Switzerland are the major contributors to sweetened condensed milk market.


Asia Pacific is projected to grow at a substantial rate over the forecast period. China and India are the major contributors to the growth of sweetened condensed milk market in Asia Pacific. However, increasing consumption of sweetened condensed milk in beverages in developing countries is boosting the growth of this market in Asia Pacific. Brazil is anticipated to be the major contributor of sweetened condensed milk in rest of the world.


Key Players:


Some of the key players profiled in the global sweetened condensed milk market are Eagle Family Foods Group (U.S.), Nestle (Switzerland), FrieslandCampina (The Netherlands), Santini Foods (U.S.), DANA Dairy (Switzerland), GCMMF (AMUL) (India), Arla Foods (Denmark)


The global sweetened condensed milk market is segmented into the following regions


North America



  • U.S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • U.K

  • Rest of Europe


Asia Pacific



  • China

  • India

  • Australia

  • Japan

  • Rest of Asia Pacific


Rest of the world



  • Brazil

  • Argentina

  • South Africa

  • Others


The report for Global Sweetened condensed milk market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of different markets segments and regions.



Frequently Asked Questions (FAQ) :


Sweetened Condensed Milk is a dairy product made by heating cow’s milk to remove some of the water and adding sugar to the remainder.

Major exporters of Sweetened Condensed Milk include Germany, France, the U.S., the Netherlands, and New Zealand.

The growing demand for desserts and the growing awareness about the health benefits of sweetened condensed milk are the major drivers for the global Sweetened Condensed Milk market.

North America is the dominant regional market for Sweetened Condensed Milk, followed by Europe.

Key players in the Sweetened Condensed Milk market include DANA Dairy, Eagle Family Foods Group, and Nestle, among others.

Table of Content

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.1.1 Initial Data Exploration

1.1.2 Statistical Modelling and Forecast

1.1.3 Industry Insights and Validation

1.2. Data Sources

Chapter 2. Executive Summary

2.1. Sweetened Condensed Milk Industry Market Synopsis, 2020-2027

2.1.1 Business Trends

2.1.2 Product Type Trends

2.1.3 Product Packaging material Trends

2.1.4 Product Distribution channel Trends

Chapter 3 Sweetened Condensed Milk market Industry Insights

3.1 Industry Segmentation

3.2 Industry Size and Forecast

3.3 Industry Ecosystem Analysis

3.4 Industry Impact forces

3.4.1 Growth Drivers

3.4.1.1 Increasing demand for processed dairy products

3.4.1.2 Launch of new flavors

3.4.2 Industry Pitfalls & Challenges

3.4.2.1 Growing demand for healthy drink

3.4.2.2 High calorie content

3.5 Growth Potential Analysis

3.6 Company Market Share Analysis, 2020

3.7 Porter’s analysis

3.8 PESTEL analysis

Chapter 4 Sweetened Condensed Milk market by Type Insights

4.1 Global Sweetened Condensed Milk Market Volume Share by Type, 2020-2027

4.1.1 Flavored sweetened condensed milk

4.1.1.1 Market Estimates & Forecast, 2020-2027

4.1.2 Unflavored sweetened condensed milk

4.1.2.1 Market Estimates & Forecast, 2020-2027

Chapter 5 Sweetened Condensed Milk market by Packaging material Insights

5.1 Global Sweetened Condensed Milk Market Volume Share by Packaging material, 2020-2027

5.1.1 Glass

5.1.1.1 Market Estimates & Forecast, 2020-2027

5.1.2 Plastic

5.1.2.1 Market Estimates & Forecast, 2020-2027

5.1.3 Metal

5.1.3.1 Market Estimates & Forecast, 2020-2027

5.1.4 Others

5.1.4.1 Market Estimates & Forecast, 2020-2027

Chapter 6 Sweetened Condensed Milk market by Distribution channel Insights

6.1 Global Sweetened Condensed Milk Market Volume Share by Distribution channel, 2020-2027

6.1.1 Supermarkets and hypermarkets

6.1.1.1 Market Estimates & Forecast, 2020-2027

6.1.1.2 Market Estimates & Forecast by Region, 2020-2027

6.1.2 Convenience stores

6.1.2.1 Market Estimates & Forecast, 2020-2027

6.1.2.2 Market Estimates & Forecast by Region, 2020-2027

6.1.3 Food and beverage specialists

6.1.3.1 Market Estimates & Forecast, 2020-2027

6.1.3.2 Market Estimates & Forecast by Region, 2020-2027

6.1.4 Others

6.1.4.1 Market Estimates & Forecast, 2020-2027

6.1.4.2 Market Estimates & Forecast by Region, 2020-2027

Chapter 7 Sweetened Condensed Milk market Regional Insights

7.1 Sweetened Condensed Milk Market Volume Share by Region, 2020-2027.

7.2 North America

7.2. A Market Estimates & Forecast, 2020-2027

7.2. B Market Estimates & Forecast, by Type, 2020-2027

7.2. C Market Estimates & Forecast, by Packaging material, 2020-2027

7.2. D Market Estimates & Forecast, by Distribution channel, 2020-2027

7.2.1 U.S.

7.2.1.1 Market Estimates & Forecast, 2020-2027

7.2.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.1.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.2.1.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.2.2 Canada

7.2.2.1 Market Estimates & Forecast, 2020-2027

7.2.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.2.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.2.2.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.2.3 Mexico

7.2.3.1 Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.3.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.2.3.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.3 Europe

7.3. A Market Estimates & Forecast, 2020-2027

7.3. B Market Estimates & Forecast, by Type, 2020-2027

7.3. C Market Estimates & Forecast, by Packaging material, 2020-2027

7.3. D Market Estimates & Forecast, by Distribution channel, 2020-2027

7.3.1 Germany

7.3.1.1 Market Estimates & Forecast, 2020-2027

7.3.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.1.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.3.1.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.3.2 U.K

7.3.2.1 Market Estimates & Forecast, 2020-2027

7.3.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.2.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.3.2.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.3.3 France

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.3.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.3.3.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.3.4 Italy

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.3.4.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.4 Asia Pacific

7.4. A Market Estimates & Forecast, 2020-2027

7.4. B Market Estimates & Forecast, by Type, 2020-2027

7.4. C Market Estimates & Forecast, by Packaging material, 2020-2027

7.4. D Market Estimates & Forecast, by Distribution channel, 2020-2027

7.4.1 China

7.4.1.1 Market Estimates & Forecast, 2020-2027

7.4.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.1.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.4.1.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.4.2 India

7.4.2.1 Market Estimates & Forecast, 2020-2027

7.4.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.2.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.4.2.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.4.3 Japan

7.4.3.1 Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.3.3 Market Estimates & Forecast, by Packaging material, 2020-2027

7.4.3.4 Market Estimates & Forecast, by Distribution channel, 2020-2027

7.5 RoW

7.5. A Market Estimates & Forecast, 2020-2027

7.5. B Market Estimates & Forecast, by Type, 2020-2027

7.5. C Market Estimates & Forecast, by Packaging material, 2020-2027

7.5. D Market Estimates & Forecast, by Distribution channel, 2020-2027

Chapter 8 Competitor Profile

8.1 Eagle Family Foods Group (U.S.)

8.1.1 Business Overview

8.1.2 Financial Data

8.1.3 Product Landscape

8.1.4 Key Developments

8.1.5 Business Strategy

8.1.6 SWOT Analysis

8.2 Nestle (Switzerland)

8.2.1 Business Overview

8.2.2 Financial Data

8.2.3 Product Landscape

8.2.4 Key Developments

8.2.5 Business Strategy

8.2.6 SWOT Analysis

8.3 FrieslandCampina (The Netherlands)

8.3.1 Business Overview

8.3.2 Financial Data

8.3.3 Product Landscape

8.3.4 Key Developments

8.3.5 Business Strategy

8.3.6 SWOT Analysis

8.4 Santini Foods (U.S.)

8.4.1 Business Overview

8.4.2 Financial Data

8.4.3 Product Landscape

8.4.4 Key Developments

8.4.5 Business Strategy

8.4.6 SWOT Analysis

8.5 DANA Dairy (Switzerland)

8.5.1 Business Overview

8.5.2 Financial Data

8.5.3 Product Landscape

8.5.4 Key Developments

8.5.5 Business Strategy

8.5.6 SWOT Analysis

8.6 GCMMF (AMUL) (India)

8.6.1 Business Overview

8.6.2 Financial Data

8.6.3 Product Landscape

8.6.4 Key Developments

8.6.5 Business Strategy

8.6.6 SWOT Analysis

8.7 Arla Foods (Denmark)

8.7.1 Business Overview

8.7.2 Financial Data

8.7.3 Product Landscape

8.7.4 Key Developments

8.7.5 Business Strategy

8.7.6 SWOT Analysis

Data Tables

TABLE 1 PESTLE ANALYSIS – U.S.

TABLE 2 PESTLE ANALYSIS- JAPAN

TABLE 3 PESTLE ANALYSIS- CHINA

TABLE 4 PESTLE ANALYSIS- FRANCE

TABLE 5 PESTLE ANALYSIS- GERMANY

TABLE 6 KEY SUPPLIERS OF SWEETENED CONDENSED MILK MARKET

TABLE 7 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY TYPE, (2020-2027), USD MILLION

TABLE 8 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY PACKAGING MATERIAL, (2020-2027), USD MILLION

TABLE 9 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 10 GLOBAL SWEETENED CONDENSED MILK MARKET SALES AND GROWTH RATE (2020-2027) USD MILLION

TABLE 11 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET TOP 5 COUNTRIES

TABLE 12 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET TOP COMPANIES-USD MILLION

TABLE 13 NORTH AMERICAN GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY TYPE, (2020-2027) USD MILLION

TABLE 14 NORTH AMERICAN MARKET FOR SWEETENED CONDENSED MILK MARKET, BY PACKAGING MATERIAL, (2020-2027), USD MILLION

TABLE 15 NORTH AMERICAN MARKET FOR SWEETENED CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 16 EUROPEAN GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY TYPE, (2020-2027) USD MILLION

TABLE 17 EUROPEAN MARKET FOR SWEETENED CONDENSED MILK MARKET, BY PACKAGING MATERIAL, (2020-2027), USD MILLION

TABLE 18 EUROPEAN MARKET FOR SWEETENED CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 19 APAC GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET, BY TYPE, (2020-2027) USD MILLION

TABLE 20 APAC MARKET FOR SWEETENED CONDENSED MILK MARKET, BY PACKAGING MATERIAL, (2020-2027), USD MILLION

TABLE 21 APAC MARKET FOR SWEETENED CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 22 REST OF THE WORLD MARKET FOR SWEETENED CONDENSED MILK MARKET, BY TYPE, (2020-2027) USD MILLION

TABLE 23 REST OF THE WORLD MARKET FOR SWEETENED CONDENSED MILK MARKET, BY PACKAGING MATERIAL, (2020-2027), USD MILLION

TABLE 24 REST OF THE WORLD MARKET FOR SWEETENED CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 25 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2020 

Charts & Figures

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH

FIGURE 4 TRENDS IN SWEETENED CONDENSED MILK MARKET IMPORTS 2020

FIGURE 5 GROWTH RATE IN SWEETENED CONDENSED MILK MARKET IMPORTS 2020

FIGURE 6 SWEETENED CONDENSED MILK MARKET IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2020)

FIGURE 7 TRENDS IN SWEETENED CONDENSED MILK MARKET EXPORTS 2020

FIGURE 8 GROWTH RATE SWEETENED CONDENSED MILK MARKET EXPORTS 2020

FIGURE 9 SWEETENED CONDENSED MILK MARKET EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2020)

FIGURE 10 VALUE CHAIN ANALYSIS

FIGURE 11 COST ANALYSIS: SWEETENED CONDENSED MILK MARKET

FIGURE 12 PORTER’S FIVE FORCES ANALYSIS

FIGURE 13 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET TRENDS BY TYPE

FIGURE 14 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET TRENDS BY PACKAGING MATERIAL

FIGURE 15 GLOBAL MARKET FOR SWEETENED CONDENSED MILK MARKET TRENDS BY DISTRIBUTION CHANNEL

FIGURE 16 FINANCIALS