Evaporated Milk Market Size, Share & Trends Analysis Report By Type (Skimmed, Whole), By Distribution Channel (Online, Offline), By Region (North America, Europe, Central & South America, APAC, MEA), And Segment Forecasts, 2025 - 2030

Evaporated Milk Market Size & Trends

The global evaporated milk market size was valued at USD 5.70 billion in 2024 and is expected to grow at a CAGR of 2.3% from 2025 to 2030. Market growth can be attributed to factors such as wide scope in the downstream application industry, high nutrition value, long shelf life, and affordable prices. Evolving culinary trends are also boosting demand for evaporated milk in household applications. The rising demand for shelf-stable dairy products, especially in regions with limited refrigeration facilities, is a major driver. Evaporated milk, with its extended shelf life, offers a convenient alternative to fresh milk, making it popular in both household and commercial applications. Additionally, the increasing consumption of ready-to-eat and convenience foods, where evaporated milk is a common ingredient, supports market growth.

Evaporated milk, also called dehydrated milk, has numerous health benefits over the regular kind. While approximately 60% of the milk’s water content is removed during the preparation of this product, all other nutritional benefits are retained. The product is then homogenized, canned, and sterilized, while also fortifying it by adding nutrients like vitamin D. Evaporated milk also contains iron, calcium, and vitamin C and A, rendering it more nutritious than other variants, such as fresh, powdered, or condensed milk.  

Market growth is also attributed to demand for milk in countries where product supply is insufficient and not of adequate quality. In regions where refrigeration is not reliable, evaporated milk serves as a good alternative to the regular variant as there is no risk of spoilage or illness that is generally caused by the consumption of expired dairy products. The evaporated variants are also cheaper than dairy whiteners and as a result, are favored by consumers as well as foodservice operators.

Evaporated milk is also a convenient option while traveling, trekking, and camping. Primarily, this product does not need to be refrigerated and has a much longer shelf life. Moreover, it is easier to transport as it is light, is not messy, and does not require any special container packaging. On the downside, however, considering evaporated milk is a by-product of regular milk, any fluctuations in the price of the upstream product will affect the cost of production of evaporated milk. This can act as a major restraint on market growth.

Type Insights

Whole evaporated milk dominated the market with the largest revenue share of 57.7% in 2024. This dominance is driven by the product's extensive use in both household and commercial applications. Whole evaporated milk is favored for its rich, creamy texture and high nutrient content, making it a versatile ingredient in a variety of recipes, from desserts to savory dishes. Additionally, its long shelf life and convenience as a pantry staple contribute to its popularity. The increasing demand for nutrient-dense dairy products, particularly in regions with limited access to fresh milk, further supports the strong market position of whole evaporated milk.

The skimmed evaporated milk is expected to grow at the fastest CAGR of 2.5% over the forecast period. Increasing health consciousness among consumers has led to a rising preference for low-fat and reduced-calorie dairy products. Skimmed evaporated milk, with its lower fat content compared to whole evaporated milk, appeals to health-conscious individuals seeking nutritious yet lower-calorie options. Additionally, the product's versatility in various culinary applications, such as baking, cooking, and as an ingredient in beverages, further boosts its demand. The expanding foodservice industry and the growing trend of using skimmed evaporated milk in recipes to create healthier versions of traditional dishes also contribute to the segment's rapid growth.

Distribution Channel Insights

Offline dominated the market with the largest revenue share in 2024. This dominance is attributed to the strong presence of traditional retail channels such as supermarkets, hypermarkets, and convenience stores, which continue to be the preferred shopping destinations for many consumers. The accessibility and immediacy of purchasing evaporated milk in brick-and-mortar stores, along with the ability to physically inspect products before buying, contribute to the popularity of offline channels. Additionally, the widespread distribution networks and promotional activities conducted by retail outlets help drive sales. The preference for in-person shopping experiences, especially in regions with less digital penetration, further strengthens the market position of the offline segment.

The online channel is expected to grow at the fastest CAGR over the forecast period.  This growth is driven by the increasing convenience and accessibility of online shopping, which appeals to a wide range of consumers. The rapid expansion of e-commerce platforms and online grocery delivery services has made it easier for consumers to purchase evaporated milk and other dairy products from the comfort of their homes. Additionally, the growing trend of digital transformation in retail, supported by advancements in technology and logistics, has significantly improved the online shopping experience. The availability of a wider variety of products, competitive pricing, and promotional offers further attract consumers to online channels.

Regional Insights

North America evaporated milk market was identified as a lucrative region in 2024. This growth is primarily driven by the strong demand for shelf-stable dairy products, particularly in the U.S and Canada. The region's well-established food and beverage industry significantly utilizes evaporated milk in various applications, including bakery, confectionery, and ready-to-eat meals. The preference for convenient and nutrient-dense dairy products among North American consumers supports the market's growth.

Europe Evaporated Milk Market Trends

Europe evaporated milk market held the largest revenue share of 31.8% in 2024. The region's longstanding tradition of dairy consumption and the high demand for premium dairy products contribute significantly to this dominance. Additionally, the robust food processing industry in Europe, which extensively utilizes evaporated milk in various applications such as bakery, confectionery, and ready-to-eat meals, further supports market growth. The preference for nutrient-dense and shelf-stable dairy products among European consumers also boosts the market. Moreover, the presence of major dairy producers and advanced processing technologies in Europe enhances the production and distribution of evaporated milk, solidifying the region's leading position in the market.

Asia Pacific Evaporated Milk Market Trends

Asia Pacific evaporated milk market is expected to grow at the fastest CAGR of 2.7% over the forecast period. This rapid growth is fueled by the rising disposable incomes and urbanization in countries such as India, China, Indonesia, Malaysia, Korea, and Thailand. The increasing demand for frozen bakery products, confectionery items, and beverages drives the market's expansion. Consumers in the region are showing a growing preference for indulgent and premium food products, which often incorporate evaporated milk for its rich flavor and appealing color. The busy lifestyles of the population and the rising trend of dining out also contribute to the increased use of evaporated milk in various food applications.

Key Evaporated Milk Company Insights

Some key companies in the evaporated milk market include Nestlé, Arla Foods amba, DANA DAIRY GROUP, Fraser and Neave, Limited, and others. New product launches and the establishment of a strong supply chain by means of strategic partnerships with distributors are expected to remain crucial success factors. Rising concerns over the price of milk on account of fluctuating climate patterns and reducing cattle yield are projected to remain a crucial challenge to producers of evaporated milk in the near future.

• Nestlé is a prominent player in the evaporated milk market, primarily through its Carnation brand. Carnation offers a range of evaporated milk products, including evaporated milk with added Vitamin D, which is popular for its creamy texture and rich flavor.

• Arla Foods amba, a cooperative owned by dairy farmers, also offers a variety of evaporated milk products. Their product portfolio includes high-quality evaporated milk used in numerous food applications, such as baking, cooking, and as an ingredient in ready-to-eat meals.

Recent Developments

• In October 2024, Arla Foods introduced two new products under its Dano brand: Dano Full Cream and Dano Cool Cow evaporated milk. This aims to meet Nigeria's increasing demand for healthy dairy options.

• In June 2024, Nestlé's Carnation brand introduced Carnation Kickin' Jalapeño Flavored Evaporated Milk, an innovation to enhance mac and cheese. Developed in collaboration with TikTok chef Tini Younger, this limited-edition product will be available just ahead of National Mac and Cheese Day.

Evaporated Milk Market Report Scope

Global Evaporated Milk Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global evaporated milk market report based on type, distribution channel, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Skimmed

  • Whole

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Online

  • Offline 

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico 

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • UAE