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.


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Sweetened Condensed and Evaporated Milk - World's Largest Markets

RatingCountry
1United States
2Malaysia
3United Kingdom
4Mexico
5Brazil

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Togo6446526631.5%
Saudi Arabia6886966910.2%
Malaysia9069469271.2%
Thailand891120610076.3%
Australia1484161016074.1%
Belarus179717161736-1.7%
Chile1648167318044.6%
Netherlands237420931974-8.8%
Germany1822186519774.2%
Spain1877191921436.9%
Belgium2434242824530.4%
Average1452146814730.7%

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Germany2302235425344.9%
Saudi Arabia2400251724521.1%
United Kingdom1952206822968.5%
France231725562283-0.7%
Spain215924882084-1.8%
Netherlands194618331783-4.3%
Russia1726164317520.8%
China1468153715011.1%
Mexico1269127512720.1%
Bahrain958116310223.3%
Indonesia966905932-1.8%
United Arab Emirates547544546-0.1%
Togo4294464603.6%
Average1470153415703.3%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
Saudi Arabia0.10.10.1-4.1%
Russia0.070.080.072.7%
United Arab Emirates0.080.070.07-3.5%
Netherlands0.060.050.061.7%
France0.060.060.06-4.6%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
Belgium0.20.20.29.3%
Saudi Arabia0.20.10.1-3.3%
Netherlands0.10.10.1-2.3%
Belarus0.080.090.084.3%
Spain0.070.080.0810.4%

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
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Middle East - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in the Middle East.

South-Eastern Asia - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in South-Eastern Asia.

World - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for sweetened condensed and evaporated milk.

Africa - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Africa.

Central Asia - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Central Asia.

Latin America and the Caribbean - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Latin America and the Caribbean.

Northern America - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Northern America.

Southern Asia - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Southern Asia.

Australia and Oceania - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Australia and Oceania.

Eastern Asia - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Eastern Asia.

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