Global Evaporated Milk Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027
Global Evaporated Milk Market size is estimated to reach $1.2 billion by 2027, growing at a CAGR of 2.8% during the forecast period 2022-2027. Evaporated milk is a processed form of milk that has allowed a certain portion of fluid eliminated by evaporation. Milk protein concentrate (MPC) is a greatly nutritional and functional product produced from skim milk with reduced lactose levels. Investigations have been performed to compare the impact of nanofiltration and evaporation technologies on the rehydration balance of milk protein concentrate at the time of storage. The outcomes demonstrated that at a given storage temperature, the rehydration characteristics, like solubility, viscosity, turbidity, and particle size of the nanofiltered milk protein concentrate (NF-MPC) were superior in comparison with the identical characteristics of the evaporated milk protein concentrate (EP-MPC). Evaporated and condensed milk are two kinds of concentrated milk from which the water has been eliminated. Evaporated milk is milk concentrated to one-half or less its original bulk by evaporation under high pressures and temperatures, without the inclusion of sugar, and typically includes a particularized quantity of milk fat and solids. Condensed milk is basically evaporated milk with sugar included. Evaporated milk prepares rich and creamy pasta sauces. The most excellent binders utilized for preparing sausages at home include evaporated dry milk termed milk powder, soy protein, carrot fiber and rusk.
Report Coverage
The report: “Global Evaporated Milk Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Evaporated Milk Market.
By Type: Skimmed, Whole, Low-Fat.
By Application: Food And Beverages, Bakery, Infant Food, Confectionery, Dairy Products.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).
Key Takeaways
- Geographically, North America Global Evaporated Milk Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the greatest production and intake of evaporated milk and condensed milk in the North American region.
- Global Evaporated Milk Market growth is being driven by the soaring utilization of evaporated milk in different end-use food products and beverages like coffee, shakes, and others including pasta sauces. However, variation in milk production is influencing the cost of evaporated milk which is a principal apprehension amidst the evaporated milk makers and is one of the major factors hampering the growth of Global Evaporated Milk Market.
- Global Evaporated Milk Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Evaporated Milk Market report.
Global Evaporated Milk Market – Challenges
Existence Of Non-Dairy Substitutes Is Hampering The Growth Of The Global Evaporated Milk Market:
There are numerous plant-based products that can be utilized in place of evaporated milk, like soy, rice, nut, oat, flax, hemp, quinoa, and coconut milk. Among all the plant-based milk, soy comes nutritionally nearest to normal milk with regard to calories, protein content, and digestibility. Considering the fact that meat and dairy together use 83% of the world’s farmland and produce 60% of agriculture’s greenhouse gas emissions while supplying only 18% of calories and 37% of the protein consumed by humans, a group of researchers at Oxford concluded. Calcium, additional vitamins, and minerals are typically included in commercial assortments. One cup (around 243 grams) of soy milk includes 131 calories, 15.3 grams of carbohydrates, 8 grams of protein, 4.3 grams of fat and 15 grams of dietary fiber amidst other constituents. Soy milk is a blend of soaked, crushed, and filtered soybeans with water. Its water content can be decreased by way of heating and utilize it like typically evaporated milk. Rice milk is prepared by soaking and mixing rice and water. It is lesser in calories, fat, and protein than evaporated milk but is also high GI. It can be decreased overheat and utilized as an alternative. Nut milk, oat milk, flax milk, hemp milk, quinoa milk, and coconut milk are other alternatives to evaporated milk. The existence of these plant-based non-dairy substitutes is thus hampering the growth of the Global Evaporated Milk Market.
Global Evaporated Milk Industry Outlook
Novel product launches and development of a robust supply chain by means of strategic partnerships with distributors are key strategies adopted by players in the market. Global Evaporated Milk top 10 companies include:
- Nestle S.A.
- Arla Foods
- DANA Dairy
- FrieslandCampina
- Delta Food Industries FZC
- Fraser and Neave
- Alaska Milk
- Yotsuba Milk Products
- Alokozay Group
- Eagle Family Foods
Recent Developments
- In November 2021, the European dairy cooperative Arla Foods revealed its novel five-year strategy to seal its dedication to build sustainable dairy generation and to advance its business responsibly. In the consequent five years, Arla is ready to boost its investments by greater than 40% to 4+ billion EUR focused on sustainability, digitalization, novel production technologies and product establishment while also boosting its dividend to 1+ billion EUR to back its farmer owners on their sustainability journey. Worldwide, demand for dairy products is becoming larger, and at the same time consumers are becoming more thorough and anticipate the food they consume to be healthy and economical, and generated responsibly and sustainably.
- In August 2021, Arla Foods Ingredients evolved into the earliest provider with the capacity for commercial generation of pure BLG (beta-lactoglobulin). Introduced at the novel Arla Foods Ingredients Innovation Centre, Lacprodan® BLG-100 is a pure BLG constituent with a rare nutritional profile. Generated utilizing a patented novel separation technology, it includes 45% more leucine – the main muscle-building amino acid – than commercially accessible whey protein isolates.
- In March 2020, Arla embarked into the market for plant-based products. The firm is prepared with three oat-drinks launched under the novel brand, JÖR, that is presently on its way to European consumers to fulfil their demand. Arla has influenced its learning within food to establish the category with novel and inspiring flavors.
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