Global Condensed Milk Market Overview:
Condensed milk is usually cow's milk from which water has been removed. It’s typically found within the form of sweetened condensed milk, with sugar added. The terms condensed milk and sweetened condensed milk are usually used interchangeably nowadays. Sweetened condensed milk is a very thick and sweet product, which when canned can last for years without refrigeration if not opened. It’s utilized in various dessert dishes in several countries. It is widely used in numerous applications such as bakery, confectionary, foods, beverages, and personal. Some of the key players profiled in the study are Nestlé S.A. (Switzerland), The J.M. Smucker Company (United States), GCMMF PVT LTD (India), Magnolia, Inc. (Philippines), Goya Foods, Inc. (United States), Borden Dairy Company (United States), Oatka (United States), Belgorod Dairy Products (Russia), Promkonservy (Russia) and Eagle Brand (United States).
On the basis of geography, the market of Condensed Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Sales Channel, the sub-segment i.e. Departmental Stores will boost the Condensed Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise In Awareness Of Consumers Regarding Healthy Eating Habits
- Increasing Demand For Processed Dairy Products
- Growing Bakery & Confectionery Industry
- High Level Of Product Awareness
- Use Of Sweetened Condensed Milk In Bakery & Confectionary Industry
- Availability Of Other Health Drinks And Beverages
- A Rising Production Of Milk Globally
- Emerging Demand From Developing Countries
Major Market Developments:
On 13 Feb 2019, JM Smucker’s Canadian subsidiary will invest USD 9.1 million in its Sherbrooke, Quebec, manufacturing facility to increase condensed milk output. Smucker Foods said the investment, which is supported in part by funding from the Canadian ministry of agriculture, will be used to upgrade equipment that will allow the facility to boost its flexibility and the variety of products produced.
Condensed Milk Manufacturers, Condensed Milk Raw Material Suppliers, Condensed Milk Traders/Distributors, Condensed Milk Importer/Exporter, Industry Associations, Regulatory & Government Bodies and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Condensed Milk market on the basis of product [Skimmed, Part Skimmed, Sweetened, Unsweetened and Flavored] , application [Bakery, Confectionary, Foods, Beverages and Personal & Beauty Care], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Condensed Milk market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Condensed Milk industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Olvebra Industrial (Italy), F&N Foods Pte Ltd. (Singapore), Sun Hing Foods, Inc. (United States), Meadow Gold Dairies (United States), Galloway Company (United States) and Zhejiang Panda Dairy (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Condensed Milk market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.