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North America Evaporated Milk Market Size, Share & Industry Trends Analysis Report By Type (Whole and Skimmed), By Distribution Channel (Offline and Online), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 55 Pages
  • July 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645668
The North America Evaporated Milk Market is expected to witness market growth of 2.9% CAGR during the forecast period (2022-2028).

Unsweetened condensed milk, also referred to as evaporated milk, is a product made from canned cow's milk that is shelf-stable. It is liquid in form and has a shelf life of 1.5 to 2 years. The market is anticipated to be driven by this milk's higher nutritional content when compared to regular milk.

There is an increase in demand for evaporated milk across the entire food and beverage sector due to domestic factors. As a result of the increasing demand for organic products, manufacturers are releasing new evaporated milk products in response to the increasing demand for organic products. Evaporated milk is frequently used in the food industry to create milk-based beverages. This milk is offered in a range of container styles to satisfy the requirements of a diversified clientele. These elements are anticipated to influence the market. The demand for dairy-free evaporated milk is rising due to the growing veganism trend in industrialized and developing nations.

Possibilities for players in the international evaporated filled milk market are being created by manufacturers in developing countries, such as Asia-Pacific and the Middle East region, who have recently increased their research capacity for new product development.

The consumption of milk with flavoring added is expected to rise gradually in North America during the predicted time. A shifting nutritional environment and a rise in interest in healthful beverages are driving up demand for flavor-added milk in North America. Young Americans like flavor-infused dairy products. However, as more and more young adults consume them and are the main driver of the flavored milk market's expansion in the United States, the business for flavoring milk is evolving. Due to this, American businesses and processors are rapidly adapting and creating goods with distinctive flavors that appeal to older consumers, such as products with a coffee flavor.

The US market dominated the North America Evaporated Milk Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,313.5 million by 2028. The Canada market is poised to grow at a CAGR of 5.2% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 4.3% during (2022 - 2028).

Based on Type, the market is segmented into Whole and Skimmed. Based on Distribution Channel, the market is segmented into Offline and Online. The report also covers geographical segmentation of Evaporated Milk market. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Royal FrieslandCampina N.V., Nestle S.A., Arla Foods Amba, Fraser and Neave, Limited, Premier Foods PLC, DANA Dairy Group Ltd., Delta Food Industries FZC, Eagle Family Foods Group LLC, Yotsuba Milk Products Co., Ltd., and Alokozay Group of Companies.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Whole
  • Skimmed

By Distribution Channel

  • Offline
  • Online

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Royal FrieslandCampina N.V.
  • Nestle S.A.
  • Arla Foods Amba
  • Fraser and Neave, Limited
  • Premier Foods PLC
  • DANA Dairy Group Ltd.
  • Delta Food Industries FZC
  • Eagle Family Foods Group LLC
  • Yotsuba Milk Products Co., Ltd.
  • Alokozay Group of Companies

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Evaporated Milk Market, by Type
1.4.2 North America Evaporated Milk Market, by Distribution Channel
1.4.3 North America Evaporated Milk Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Evaporated Milk Market by Type
3.1 North America Whole Market by Country
3.2 North America Skimmed Market by Country
Chapter 4. North America Evaporated Milk Market by Distribution Channel
4.1 North America Offline Market by Country
4.2 North America Online Market by Country
Chapter 5. North America Evaporated Milk Market by Country
5.1 US Evaporated Milk Market
5.1.1 US Evaporated Milk Market by Type
5.1.2 US Evaporated Milk Market by Distribution Channel
5.2 Canada Evaporated Milk Market
5.2.1 Canada Evaporated Milk Market by Type
5.2.2 Canada Evaporated Milk Market by Distribution Channel
5.3 Mexico Evaporated Milk Market
5.3.1 Mexico Evaporated Milk Market by Type
5.3.2 Mexico Evaporated Milk Market by Distribution Channel
5.4 Rest of North America Evaporated Milk Market
5.4.1 Rest of North America Evaporated Milk Market by Type
5.4.2 Rest of North America Evaporated Milk Market by Distribution Channel
Chapter 6. Company Profiles
6.1 Royal FrieslandCampina N.V.
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental and Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent strategies and developments:
6.1.4.1 Product Launches and Product Expansions:
6.1.4.2 Acquisition and Mergers:
6.1.4.3 Geographical Expansions:
6.2 Nestle S.A.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Geographical Expansions:
6.3 Arla Foods Amba
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.4 Fraser and Neave, Limited (TCC Assets (Thailand) Co., Ltd.)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Premier Foods PLC (Premier Foods Group Services Ltd.)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.6 DANA Dairy Group Ltd.
6.6.1 Company Overview
6.7 Delta Food Industries FZC
6.7.1 Company Overview
6.8 Eagle Family Foods Group LLC (Kelso & Company)
6.8.1 Company Overview
6.9 Yotsuba Milk Products Co., Ltd.
6.9.1 Company Overview
6.10. Alokozay Group of Companies
6.10.1 Company Overview

Companies Mentioned

  • Royal FrieslandCampina N.V.
  • Nestle S.A.
  • Arla Foods Amba
  • Fraser and Neave, Limited
  • Premier Foods PLC
  • DANA Dairy Group Ltd.
  • Delta Food Industries FZC
  • Eagle Family Foods Group LLC
  • Yotsuba Milk Products Co., Ltd.
  • Alokozay Group of Companies

Methodology

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