[342 Pages Report] The dairy-free evaporated milk market is to increase its market space in the global market as it thrives on a CAGR of 12.3%. The market is valued at US$ 25.85 Bn in 2022 and will reach the value of US$ 73.43 Bn through 2032.
The market is anticipated to show promising growth prospects during the forecast period, expanding the dairy-free evaporated milk market size.
| Attributes | Details |
|---|---|
| CAGR (2022-2032) | 12.3% |
| Value (2022) | US$ 25.85 Mn |
| Value (2032) | US$ 73.43 Mn |
Having a taste profile of caramel, dairy-free evaporated milk has multiple uses like the preparation of sweets like cake, cookies and pie. It is sourced out of seeds, cereals and nuts, including almond, soy, hemp and coconut. The high demand for dairy-free evaporated milk is attributed to its dual form, liquid and dry, which increases its application width.
Dairy-free evaporated milk is a condensed variety of milk that is boiled or condensed to a limit that 60% of the water content in milk evaporated. It gets a caramel taste because of this process. It is now largely used in India during the festive season to make sweets. The latest type of sweet dairy-free evaporated milk is known to be made of healthy ingredients like plant-based milk. This fuels the sales of dairy-free evaporated milk globally.
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The global market for dairy-free evaporated milk is driven by the increasing percentage of lactose intolerance in the world. The lactose intolerant population is concentrated in Latin American, African, and Asian regions. And with the increasing prevalence of lactose intolerance around the world, plant-based products have increased in demand, fueling sales of dairy-free evaporated milk.
Also, due to the increasing percentage of vegetarians, as well as flexitarians in the developed nations and a similar trend, rising in the developing nations, the overall demand for the dairy-free evaporated milk is increasing in the global market.
Global production of evaporated milk products is rapidly increasing in the world due to the increasing consumption of evaporated milk in Asian and Latin American countries. The expanding and flourishing processed food and beverage industry and increasing demand for bakeries and confectionery are creating a high demand for dairy-free evaporated milk in the global market.
With the current market trends set by the high demand for dairy-free evaporated milk and consumer side for plant-based products associated with the health benefits, product demand is constantly increasing in the global market.
The global market of dairy-free evaporated milk is majorly occupied by the North American and European countries. This major share is supported by the well-established bakery and confectionery industry and better-organized distribution channel enabling ease of access to consumer products and increasing the sales of dairy-free evaporated milk in new markets.
However, Asian and Middle Eastern and African countries' economic growth and increase in population are likely to create a positive outlook on the global dairy-free evaporated milk. The increasing GDP, increase in the income of the middle-class population, and an increase in consumer purchasing power is leading to an increase in the demand for dairy-free evaporated milk.
The Asian region is anticipated to witness the highest growth rate in the global diary-free evaporated milk market over the forecast period.
Principal Consultant
The key players of the dairy-free evaporated milk market focus on new mergers and collaborations that fuel the demand for dairy-free evaporated milk include Nestle S.A, DariFree, Nature’s Charm, Thai Coconut Public Company Limited and Vega Foods Corporation.
Recent Market Development
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12.3% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Form, Nature, Type, Source, End Use, Distribution Channel & Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Nestle S.A; DariFree; Nature’s Charm; Thai Coconut Public Company Limited; Vega Foods Corporation |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The dairy-free evaporated milk market is set to thrive at a CAGR of 12.3% through 2032.
Asian region is the highest growing market in the dairy-free evaporated milk market, region’s growth owing to its application in vegan sweets and processed foods. This leads to the high demand for dairy-free evaporated milk in developed countries like US and Canada.
Demand for Dairy-free evaporated milk has gained traction owing to the vegan movement, awareness around the lactose free diet and healthcare trends.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Type, 2022-2032 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Type, 2022-2032 6. Global Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Application, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Application, 2022-2032 6.3.1. Men 6.3.2. Women 6.3.3. Children 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 7. Global Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Sales Channel, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Sales Channel, 2022-2032 7.3.1. Supermarket 7.3.2. Convenience Store 7.3.3. Online Store 7.3.4. Others 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032 8. Global Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Application 9.2.4. By Sales Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Application 9.3.4. By Sales Channel 9.4. Key Takeaways 10. Latin America Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Type 10.2.3. By Application 10.2.4. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Application 10.3.4. By Sales Channel 10.4. Key Takeaways 11. Europe Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. Russia 11.2.1.7. BENELUX 11.2.1.8. Rest of Europe 11.2.2. By Type 11.2.3. By Application 11.2.4. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Application 11.3.4. By Sales Channel 11.4. Key Takeaways 12. Asia Pacific Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Rest of Asia Pacific 12.2.2. By Type 12.2.3. By Application 12.2.4. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Application 12.3.4. By Sales Channel 12.4. Key Takeaways 13. Middle East and Africa Dairy-Free Evaporated Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Turkey 13.2.1.4. Rest of Middle East and Africa 13.2.2. By Type 13.2.3. By Application 13.2.4. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Application 13.3.4. By Sales Channel 13.4. Key Takeaways 14. Key Countries Dairy-Free Evaporated Milk Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Type 14.1.2.2. By Application 14.1.2.3. By Sales Channel 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Type 14.2.2.2. By Application 14.2.2.3. By Sales Channel 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Type 14.3.2.2. By Application 14.3.2.3. By Sales Channel 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Type 14.4.2.2. By Application 14.4.2.3. By Sales Channel 14.5. Argentina 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Type 14.5.2.2. By Application 14.5.2.3. By Sales Channel 14.6. Chile 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Type 14.6.2.2. By Application 14.6.2.3. By Sales Channel 14.7. Peru 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Type 14.7.2.2. By Application 14.7.2.3. By Sales Channel 14.8. Germany 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Type 14.8.2.2. By Application 14.8.2.3. By Sales Channel 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Type 14.9.2.2. By Application 14.9.2.3. By Sales Channel 14.10. France 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Type 14.10.2.2. By Application 14.10.2.3. By Sales Channel 14.11. U.K. 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Type 14.11.2.2. By Application 14.11.2.3. By Sales Channel 14.12. Spain 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Type 14.12.2.2. By Application 14.12.2.3. By Sales Channel 14.13. Russia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Type 14.13.2.2. By Application 14.13.2.3. By Sales Channel 14.14. BENELUX 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Type 14.14.2.2. By Application 14.14.2.3. By Sales Channel 14.15. China 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Type 14.15.2.2. By Application 14.15.2.3. By Sales Channel 14.16. Japan 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Type 14.16.2.2. By Application 14.16.2.3. By Sales Channel 14.17. South Korea 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Type 14.17.2.2. By Application 14.17.2.3. By Sales Channel 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Type 14.18.2.2. By Application 14.18.2.3. By Sales Channel 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Type 14.19.2.2. By Application 14.19.2.3. By Sales Channel 14.20. Turkey 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2021 14.20.2.1. By Type 14.20.2.2. By Application 14.20.2.3. By Sales Channel 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Type 15.3.3. By Application 15.3.4. By Sales Channel 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Nestlé 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Eagle Family Foods 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. DANA Dairy 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Grain Changer 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. DMK GROUP 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. GLORIA 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Holland Dairy Foods 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. 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Dairy-free Evaporated Milk Market
