Market Introduction
Evaporated filled milk is a blend of skim milk, vitamins, stabilizers, and vegetable oils. It contains vegetable oils or fats from other sources instead of animals. Animal fat contains a high proportion of cholesterol; therefore, evaporated filled milk is mainly preferred by consumers whose diet plan comprises cholesterol-free items.
Market Overview and Dynamics
The Southeast Asia evaporated filled milk market was valued at US$ 89.07 million in 2020 and is projected to reach US$ 134.35 million by 2028; it is expected to grow at a CAGR of 5.4% from 2020 to 2028. Evaporated filled milk is used to impart creaminess and nutritious flavor to food products. It has wide applications in making dairy products, bakery and confectionery products, and beverages. Evaporated filled milk is mainly used in recipes that require full-cream milk. It is a healthier choice that adds richness and texture to the taste of food and drinks. Evaporated filled milk has a thicker consistency that makes it suitable for making various products such as coffee and tea. In Southeast Asia, evaporated filled milk is used in making cakes, ice creams, and desserts to provide a creamier and thicker mouthfeel. It is also used in the making of savory dishes, such as curries. Thus, the wide applications of evaporated filled milk propel its demand in Southeast Asia.
Key Market Segments
Based on distribution channel, the convenience stores segment accounted for the largest share of the Southeast Asia evaporated filled milk market in 2020. By country, Indonesia accounted for the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the Southeast Asia evaporated filled milk market are company websites, annual reports, financial reports, national government documents, and statistical database including but not limited to FAO, World Bank, International Dairy Foods Association (IDFA), Association of Dairy Farmers Malaysia (ADFM), and others. Key players operating in the market are Alaska Milk Corporation; Goya Foods, Inc.; Nestle; The Thai Dairy Industry Co., Ltd.; Malaysia Dairy Industries Pte Ltd.; Grace; Daily Foods Co., LTD.; PT Culina Gemilang Indonesia; Fraser and Neave, Limited; and FairPrice.
Reasons to Buy Report
- Understand the Southeast Asia evaporated filled milk market landscape and identify segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in the Southeast Asia
- Efficiently plan mergers and acquisitions, and partnership deals in the Southeast Asia evaporated filled milk market by identifying market segments with the most promising probable sales
- Make knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain market revenue forecast for market by various segments for the period 2021–2028
Evaporated Filled Milk Market, by Source Type
- Cow
- Goat
- Buffalo
- Cartons
- Cans
- Bottles
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
Company Profiles
- Alaska Milk Corporation
- Goya Foods, Inc.
- Nestle
- The Thai Dairy Industry Co., Ltd.
- Malaysia Dairy Industries Pte Ltd.
- Grace
- Daily Foods Co., LTD.
- PT Culina Gemilang Indonesia
- Fraser and Neave, Limited
- FairPrice
Southeast Asia Evaporated Filled Milk Market Strategic Insights
Southeast Asia Evaporated Filled Milk Market Report Highlights
| Report Attribute | Details |
| Market size in 2020 | US$ 89.07 Million |
| Market Size by 2028 | US$ 134.35 Million |
| CAGR (2020 - 2028) | 5.4% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Source
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Regions and Countries Covered
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| Southeast Asia | |
| Market leaders and key company profiles |
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Southeast Asia Evaporated Filled Milk Market Country and Regional Insights
