Sweetened Condensed Milk Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type

June 2025 | 88 pages | ID: S0E31B63DCCDEN
Prof Research

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Sweetened Condensed Milk Market Summary

Introduction and Market Overview

Sweetened condensed milk, a versatile dairy product, is widely used in desserts and beverages, with the global dessert market growing 6% in 2023. The product’s long shelf life meets the 5% growth in global food storage demand. With 1.5 billion food tourism travelers in 2023, sweetened condensed milk is popular in Asia Pacific and Latin America. Low-sugar variants address the needs of 422 million diabetic consumers. E-commerce beverage sales grew 9% in 2024, boosting accessibility. The global sweetened condensed milk market is estimated at USD 5.0-9.0 billion in 2025, with a CAGR of 3%-7% through 2030.

Regional Market Trends
  • Asia Pacific: Vietnam, India, and Malaysia lead with traditional dessert applications.
  • Latin America: Brazil and Mexico drive demand for dessert recipes.
  • North America: The U.S. and Canada focus on health-conscious variants.
  • Europe: The UK and Germany see steady demand for baking uses.
Application Analysis
  • Cans: Expected growth of 3.5%-7.5%, due to long shelf life.
  • Bottles: Projected growth of 2.5%-6.5%, for convenient use.
  • Tubes: Anticipated growth of 3%-7%, for portion control.
  • Others: Expected growth of 2%-6%, including bulk packaging.
Type Analysis
  • Unflavored: Expected growth of 3.5%-7.5%, for versatile applications.
  • Flavored: Projected growth of 2.5%-6.5%, driven by innovative flavors.
Key Market Players
  • Nestl?: Offers popular sweetened condensed milk products.
  • Amul (GCMMF): Specializes in dairy products for desserts.
  • Vinamilk: Provides condensed milk for Asian markets.
  • Goya Foods: Markets products for Latin American cuisines.
  • Magnolia: Focuses on dessert-oriented condensed milk.
Porter’s Five Forces Analysis
  • Threat of New Entrants: Low, due to production and brand barriers.
  • Threat of Substitutes: Moderate, with plant-based alternatives competing.
  • Bargaining Power of Buyers: Moderate, with diverse brand options.
  • Bargaining Power of Suppliers: Low, with multiple dairy suppliers.
  • Competitive Rivalry: High, driven by flavor and health innovations.
Market Opportunities and Challenges

Opportunities:
  • Leveraging 6% dessert market growth.
  • Addressing 1.5 billion food tourism travelers.
  • Meeting 5% food storage demand.
  • Innovating with low-sugar products for 422 million diabetics.
  • Benefiting from 9% e-commerce beverage sales growth.
Challenges:
  • Competition from plant-based alternatives.
  • High production costs.
  • Regulatory scrutiny on sugar content.
  • Limited awareness in emerging markets.
  • Supply chain disruptions.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method

CHAPTER 4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Sweetened Condensed Milk Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 TRADING ANALYSIS

8.1 Export of Sweetened Condensed Milk by Region
8.2 Import of Sweetened Condensed Milk by Region
8.3 Balance of Trade

CHAPTER 9 HISTORICAL AND FORECAST SWEETENED CONDENSED MILK MARKET IN NORTH AMERICA (2020-2030)

9.1 Sweetened Condensed Milk Market Size
9.2 Sweetened Condensed Milk Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
  9.5.1 United States
  9.5.2 Canada
  9.5.3 Mexico

CHAPTER 10 HISTORICAL AND FORECAST SWEETENED CONDENSED MILK MARKET IN SOUTH AMERICA (2020-2030)

10.1 Sweetened Condensed Milk Market Size
10.2 Sweetened Condensed Milk Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
  10.5.1 Brazil
  10.5.2 Argentina
  10.5.3 Chile
  10.5.4 Peru

CHAPTER 11 HISTORICAL AND FORECAST SWEETENED CONDENSED MILK MARKET IN ASIA & PACIFIC (2020-2030)

11.1 Sweetened Condensed Milk Market Size
11.2 Sweetened Condensed Milk Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
  11.5.1 China
  11.5.2 India
  11.5.3 Japan
  11.5.4 South Korea
  11.5.5 Southest Asia
  11.5.6 Australia

CHAPTER 12 HISTORICAL AND FORECAST SWEETENED CONDENSED MILK MARKET IN EUROPE (2020-2030)

12.1 Sweetened Condensed Milk Market Size
12.2 Sweetened Condensed Milk Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
  12.5.1 Germany
  12.5.2 France
  12.5.3 United Kingdom
  12.5.4 Italy
  12.5.5 Spain
  12.5.6 Belgium
  12.5.7 Netherlands
  12.5.8 Austria
  12.5.9 Poland
  12.5.10 Russia

CHAPTER 13 HISTORICAL AND FORECAST SWEETENED CONDENSED MILK MARKET IN MEA (2020-2030)

13.1 Sweetened Condensed Milk Market Size
13.2 Sweetened Condensed Milk Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
  13.5.1 Egypt
  13.5.2 Israel
  13.5.3 South Africa
  13.5.4 Gulf Cooperation Council Countries
  13.5.5 Turkey

CHAPTER 14 SUMMARY FOR GLOBAL SWEETENED CONDENSED MILK MARKET (2020-2025)

14.1 Sweetened Condensed Milk Market Size
14.2 Sweetened Condensed Milk Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price

CHAPTER 15 GLOBAL SWEETENED CONDENSED MILK MARKET FORECAST (2025-2030)

15.1 Sweetened Condensed Milk Market Size Forecast
15.2 Sweetened Condensed Milk Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast

CHAPTER 16 ANALYSIS OF GLOBAL KEY VENDORS

16.1 Nestl?
  16.1.1 Company Profile
  16.1.2 Main Business and Sweetened Condensed Milk Information
  16.1.3 SWOT Analysis of Nestl?
  16.1.4 Nestl? Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 Amul (GCMMF)
  16.2.1 Company Profile
  16.2.2 Main Business and Sweetened Condensed Milk Information
  16.2.3 SWOT Analysis of Amul (GCMMF)
  16.2.4 Amul (GCMMF) Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 Eagle Family Foods Group
  16.3.1 Company Profile
  16.3.2 Main Business and Sweetened Condensed Milk Information
  16.3.3 SWOT Analysis of Eagle Family Foods Group
  16.3.4 Eagle Family Foods Group Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 Vinamilk
  16.4.1 Company Profile
  16.4.2 Main Business and Sweetened Condensed Milk Information
  16.4.3 SWOT Analysis of Vinamilk
  16.4.4 Vinamilk Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
16.5 Dutch Lady Milk Industries Bhd
  16.5.1 Company Profile
  16.5.2 Main Business and Sweetened Condensed Milk Information
  16.5.3 SWOT Analysis of Dutch Lady Milk Industries Bhd
  16.5.4 Dutch Lady Milk Industries Bhd Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
16.6 Fraser & Neave Holdings
  16.6.1 Company Profile
  16.6.2 Main Business and Sweetened Condensed Milk Information
  16.6.3 SWOT Analysis of Fraser & Neave Holdings
  16.6.4 Fraser & Neave Holdings Sweetened Condensed Milk Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Sweetened Condensed Milk Report
Table Data Sources of Sweetened Condensed Milk Report
Table Major Assumptions of Sweetened Condensed Milk Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Sweetened Condensed Milk Picture
Table Sweetened Condensed Milk Classification
Table Sweetened Condensed Milk Applications List
Table Drivers of Sweetened Condensed Milk Market
Table Restraints of Sweetened Condensed Milk Market
Table Opportunities of Sweetened Condensed Milk Market
Table Threats of Sweetened Condensed Milk Market
Table Covid-19 Impact For Sweetened Condensed Milk Market
Table Raw Materials Suppliers List
Table Different Production Methods of Sweetened Condensed Milk
Table Cost Structure Analysis of Sweetened Condensed Milk
Table Key End Users List
Table Latest News of Sweetened Condensed Milk Market
Table Merger and Acquisition List
Table Planned/Future Project of Sweetened Condensed Milk Market
Table Policy of Sweetened Condensed Milk Market
Table 2020-2030 Regional Export of Sweetened Condensed Milk
Table 2020-2030 Regional Import of Sweetened Condensed Milk
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Sweetened Condensed Milk Market Size and Market Volume List
Figure 2020-2030 North America Sweetened Condensed Milk Market Size and CAGR
Figure 2020-2030 North America Sweetened Condensed Milk Market Volume and CAGR
Table 2020-2030 North America Sweetened Condensed Milk Demand List by Application
Table 2020-2025 North America Sweetened Condensed Milk Key Players Sales List
Table 2020-2025 North America Sweetened Condensed Milk Key Players Market Share List
Table 2020-2030 North America Sweetened Condensed Milk Demand List by Type
Table 2020-2025 North America Sweetened Condensed Milk Price List by Type
Table 2020-2030 United States Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 United States Sweetened Condensed Milk Import & Export List
Table 2020-2030 Canada Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Canada Sweetened Condensed Milk Import & Export List
Table 2020-2030 Mexico Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Mexico Sweetened Condensed Milk Import & Export List
Table 2020-2030 South America Sweetened Condensed Milk Market Size and Market Volume List
Figure 2020-2030 South America Sweetened Condensed Milk Market Size and CAGR
Figure 2020-2030 South America Sweetened Condensed Milk Market Volume and CAGR
Table 2020-2030 South America Sweetened Condensed Milk Demand List by Application
Table 2020-2025 South America Sweetened Condensed Milk Key Players Sales List
Table 2020-2025 South America Sweetened Condensed Milk Key Players Market Share List
Table 2020-2030 South America Sweetened Condensed Milk Demand List by Type
Table 2020-2025 South America Sweetened Condensed Milk Price List by Type
Table 2020-2030 Brazil Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Brazil Sweetened Condensed Milk Import & Export List
Table 2020-2030 Argentina Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Argentina Sweetened Condensed Milk Import & Export List
Table 2020-2030 Chile Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Chile Sweetened Condensed Milk Import & Export List
Table 2020-2030 Peru Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Peru Sweetened Condensed Milk Import & Export List
Table 2020-2030 Asia & Pacific Sweetened Condensed Milk Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Sweetened Condensed Milk Market Size and CAGR
Figure 2020-2030 Asia & Pacific Sweetened Condensed Milk Market Volume and CAGR
Table 2020-2030 Asia & Pacific Sweetened Condensed Milk Demand List by Application
Table 2020-2025 Asia & Pacific Sweetened Condensed Milk Key Players Sales List
Table 2020-2025 Asia & Pacific Sweetened Condensed Milk Key Players Market Share List
Table 2020-2030 Asia & Pacific Sweetened Condensed Milk Demand List by Type
Table 2020-2025 Asia & Pacific Sweetened Condensed Milk Price List by Type
Table 2020-2030 China Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 China Sweetened Condensed Milk Import & Export List
Table 2020-2030 India Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 India Sweetened Condensed Milk Import & Export List
Table 2020-2030 Japan Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Japan Sweetened Condensed Milk Import & Export List
Table 2020-2030 South Korea Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 South Korea Sweetened Condensed Milk Import & Export List
Table 2020-2030 Southeast Asia Sweetened Condensed Milk Market Size List
Table 2020-2030 Southeast Asia Sweetened Condensed Milk Market Volume List
Table 2020-2030 Southeast Asia Sweetened Condensed Milk Import List
Table 2020-2030 Southeast Asia Sweetened Condensed Milk Export List
Table 2020-2030 Australia Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Australia Sweetened Condensed Milk Import & Export List
Table 2020-2030 Europe Sweetened Condensed Milk Market Size and Market Volume List
Figure 2020-2030 Europe Sweetened Condensed Milk Market Size and CAGR
Figure 2020-2030 Europe Sweetened Condensed Milk Market Volume and CAGR
Table 2020-2030 Europe Sweetened Condensed Milk Demand List by Application
Table 2020-2025 Europe Sweetened Condensed Milk Key Players Sales List
Table 2020-2025 Europe Sweetened Condensed Milk Key Players Market Share List
Table 2020-2030 Europe Sweetened Condensed Milk Demand List by Type
Table 2020-2025 Europe Sweetened Condensed Milk Price List by Type
Table 2020-2030 Germany Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Germany Sweetened Condensed Milk Import & Export List
Table 2020-2030 France Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 France Sweetened Condensed Milk Import & Export List
Table 2020-2030 United Kingdom Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 United Kingdom Sweetened Condensed Milk Import & Export List
Table 2020-2030 Italy Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Italy Sweetened Condensed Milk Import & Export List
Table 2020-2030 Spain Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Spain Sweetened Condensed Milk Import & Export List
Table 2020-2030 Belgium Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Belgium Sweetened Condensed Milk Import & Export List
Table 2020-2030 Netherlands Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Netherlands Sweetened Condensed Milk Import & Export List
Table 2020-2030 Austria Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Austria Sweetened Condensed Milk Import & Export List
Table 2020-2030 Poland Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Poland Sweetened Condensed Milk Import & Export List
Table 2020-2030 Russia Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Russia Sweetened Condensed Milk Import & Export List
Table 2020-2030 MEA Sweetened Condensed Milk Market Size and Market Volume List
Figure 2020-2030 MEA Sweetened Condensed Milk Market Size and CAGR
Figure 2020-2030 MEA Sweetened Condensed Milk Market Volume and CAGR
Table 2020-2030 MEA Sweetened Condensed Milk Demand List by Application
Table 2020-2025 MEA Sweetened Condensed Milk Key Players Sales List
Table 2020-2025 MEA Sweetened Condensed Milk Key Players Market Share List
Table 2020-2030 MEA Sweetened Condensed Milk Demand List by Type
Table 2020-2025 MEA Sweetened Condensed Milk Price List by Type
Table 2020-2030 Egypt Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Egypt Sweetened Condensed Milk Import & Export List
Table 2020-2030 Israel Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Israel Sweetened Condensed Milk Import & Export List
Table 2020-2030 South Africa Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 South Africa Sweetened Condensed Milk Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Sweetened Condensed Milk Import & Export List
Table 2020-2030 Turkey Sweetened Condensed Milk Market Size and Market Volume List
Table 2020-2030 Turkey Sweetened Condensed Milk Import & Export List
Table 2020-2025 Global Sweetened Condensed Milk Market Size List by Region
Table 2020-2025 Global Sweetened Condensed Milk Market Size Share List by Region
Table 2020-2025 Global Sweetened Condensed Milk Market Volume List by Region
Table 2020-2025 Global Sweetened Condensed Milk Market Volume Share List by Region
Table 2020-2025 Global Sweetened Condensed Milk Demand List by Application
Table 2020-2025 Global Sweetened Condensed Milk Demand Market Share List by Application
Table 2020-2025 Global Sweetened Condensed Milk Key Vendors Sales List
Table 2020-2025 Global Sweetened Condensed Milk Key Vendors Sales Share List
Figure 2020-2025 Global Sweetened Condensed Milk Market Volume and Growth Rate
Table 2020-2025 Global Sweetened Condensed Milk Key Vendors Revenue List
Figure 2020-2025 Global Sweetened Condensed Milk Market Size and Growth Rate
Table 2020-2025 Global Sweetened Condensed Milk Key Vendors Revenue Share List
Table 2020-2025 Global Sweetened Condensed Milk Demand List by Type
Table 2020-2025 Global Sweetened Condensed Milk Demand Market Share List by Type
Table 2020-2025 Regional Sweetened Condensed Milk Price List
Table 2025-2030 Global Sweetened Condensed Milk Market Size List by Region
Table 2025-2030 Global Sweetened Condensed Milk Market Size Share List by Region
Table 2025-2030 Global Sweetened Condensed Milk Market Volume List by Region
Table 2025-2030 Global Sweetened Condensed Milk Market Volume Share List by Region
Table 2025-2030 Global Sweetened Condensed Milk Demand List by Application
Table 2025-2030 Global Sweetened Condensed Milk Demand Market Share List by Application
Table 2025-2030 Global Sweetened Condensed Milk Key Vendors Sales List
Table 2025-2030 Global Sweetened Condensed Milk Key Vendors Sales Share List
Figure 2025-2030 Global Sweetened Condensed Milk Market Volume and Growth Rate
Table 2025-2030 Global Sweetened Condensed Milk Key Vendors Revenue List
Figure 2025-2030 Global Sweetened Condensed Milk Market Size and Growth Rate
Table 2025-2030 Global Sweetened Condensed Milk Key Vendors Revenue Share List
Table 2025-2030 Global Sweetened Condensed Milk Demand List by Type
Table 2025-2030 Global Sweetened Condensed Milk Demand Market Share List by Type
Table 2025-2030 Sweetened Condensed Milk Regional Price List
Table Nestl? Information
Table SWOT Analysis of Nestl?
Table 2020-2025 Nestl? Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Nestl? Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Nestl? Sweetened Condensed Milk Market Share
Table Amul (GCMMF) Information
Table SWOT Analysis of Amul (GCMMF)
Table 2020-2025 Amul (GCMMF) Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Amul (GCMMF) Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Amul (GCMMF) Sweetened Condensed Milk Market Share
Table Eagle Family Foods Group Information
Table SWOT Analysis of Eagle Family Foods Group
Table 2020-2025 Eagle Family Foods Group Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Eagle Family Foods Group Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Eagle Family Foods Group Sweetened Condensed Milk Market Share
Table Vinamilk Information
Table SWOT Analysis of Vinamilk
Table 2020-2025 Vinamilk Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Vinamilk Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Vinamilk Sweetened Condensed Milk Market Share
Table Dutch Lady Milk Industries Bhd Information
Table SWOT Analysis of Dutch Lady Milk Industries Bhd
Table 2020-2025 Dutch Lady Milk Industries Bhd Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Dutch Lady Milk Industries Bhd Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Dutch Lady Milk Industries Bhd Sweetened Condensed Milk Market Share
Table Fraser & Neave Holdings Information
Table SWOT Analysis of Fraser & Neave Holdings
Table 2020-2025 Fraser & Neave Holdings Sweetened Condensed Milk Sale Volume Price Cost Revenue
Figure 2020-2025 Fraser & Neave Holdings Sweetened Condensed Milk Sale Volume and Growth Rate
Figure 2020-2025 Fraser & Neave Holdings Sweetened Condensed Milk Market Share
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