Southeast Asia Evaporated Filled Milk Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Cow, Goat, and Buffalo), Packaging Type (Cartons, Cans, and Bottles), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
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.
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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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Southeast Asia Evaporated Filled Milk Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Evaporated Filled Milk Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Scope of Applications
5.1.2 Growing Awareness Regarding Health Benefits of Evaporated Filled Milk
5.2 Market Restraints
5.2.1 Not Suitable for Lactose-Intolerant People and People with Milk Allergies
5.3 Market Opportunities
5.3.1 Flourishing Dairy Sector in Southeast Asia
5.4 Future Trends
5.4.1 Growing Demand for Making Various Dairy Products, Bakery Items, and Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Evaporated Filled Milk– Southeast Asia Market Analysis
6.1 Evaporated Filled Milk Market Overview
6.2 Evaporated Filled Milk Market –Revenue and Forecast To 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Southeast Asia Evaporated Filled Milk Market Analysis – By Source
7.1 Overview
7.2 Southeast Asia Evaporated Filled Milk Market Breakdown, by Source, 2020 & 2028
7.3 Cow
7.3.1 Overview
7.3.2 Cow: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Buffalo
7.4.1 Overview
7.4.2 Buffalo: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Goat
7.5.1 Overview
7.5.2 Goat: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
8. Southeast Asia Evaporated Filled Milk Market Analysis – By Packaging Type
8.1 Overview
8.2 Southeast Asia Evaporated Filled Milk Market Breakdown, by packaging type, 2020 & 2028
8.3 Carton
8.3.1 Overview
8.3.2 Carton: Evaporated Filled Milk Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cans
8.4.1 Overview
8.4.2 Cans : Evaporated Filled Milk Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Bottles
8.5.1 Overview
8.5.2 Bottles: Evaporated Filled Milk Market – Revenue and Forecast to 2028 (US$ Million)
9. Southeast Asia Evaporated Filled Milk Market Analysis – By Distribution Channel
9.1 Overview
9.2 Southeast Asia Evaporated Filled Milk Market Breakdown, by Distribution Channel , 2020 & 2028
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
10. Southeast Asia Evaporated Filled Milk Market – Geographic Analysis
10.1 Southeast Asia: Evaporated Filled Milk Market
10.1.1 Southeast Asia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2 Southeast Asia: Evaporated Filled Milk Market, by Source
10.1.3 Southeast Asia: Evaporated Filled Milk Market, by Packaging Type
10.1.4 Southeast Asia: Evaporated Filled Milk Market, by Distribution Channel
10.1.5 Southeast Asia: Evaporated Filled Milk Market, by Key Country
10.1.5.1 Indonesia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 Indonesia: Evaporated Filled Milk Market, by Source
10.1.5.1.2 Indonesia: Evaporated Filled Milk Market, by Packaging Type
10.1.5.1.3 Indonesia: Evaporated Filled Milk Market, by Distribution Channel
10.1.5.2 Malaysia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Malaysia: Evaporated Filled Milk Market, by Source
10.1.5.2.2 Malaysia: Evaporated Filled Milk Market, by Packaging Type
10.1.5.2.3 Malaysia: Evaporated Filled Milk Market, by Distribution Channel
10.1.5.3 Thailand: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Thailand: Evaporated Filled Milk Market, by Source
10.1.5.3.2 Thailand: Evaporated Filled Milk Market, by Packaging Type
10.1.5.3.3 Thailand: Evaporated Filled Milk Market, by Distribution Channel
10.1.5.4 Philippines: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.4.1 Philippines: Evaporated Filled Milk Market, by Source
10.1.5.4.2 Philippines: Evaporated Filled Milk Market, by Packaging Type
10.1.5.4.3 Philippines: Evaporated Filled Milk Market, by Distribution Channel
10.1.5.5 Vietnam: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.5.1 Vietnam: Evaporated Filled Milk Market, by Source
10.1.5.5.2 Vietnam: Evaporated Filled Milk Market, by Packaging Type
10.1.5.5.3 Vietnam: Evaporated Filled Milk Market, by Distribution Channel
10.1.5.6 Rest of Southeast Asia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
10.1.5.6.1 Rest of Southeast Asia: Evaporated Filled Milk Market, by Source
10.1.5.6.2 Rest of Southeast Asia: Evaporated Filled Milk Market, by Packaging Type
10.1.5.6.3 Rest of Southeast Asia: Evaporated Filled Milk Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Evaporated Filled Milk Market
11.1 Impact of COVID-19 on Evaporated Filled Milk Market
12. Company Profiles
12.1 Alaska Milk Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Goya Foods, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nestlé
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 The Thai Dairy Industry Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Malaysia Dairy Industries Pte Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Grace
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Daily Foods Co.,Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 PT Culina Gemilang Indonesia
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Fraser and Neave, Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 FairPrice
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Southeast Asia Evaporated Filled Milk Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 2. Southeast Asia Evaporated Filled Milk Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 3. Southeast Asia Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 4. Indonesia Evaporated Filled Milk Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 5. Indonesia: Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Indonesia: Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 7. Malaysia Evaporated Filled Milk Market, by Source– Revenue and Forecast to 2028 (USD Million)
Table 8. Malaysia Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Malaysia Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 10. Thailand Evaporated Filled Milk Market, by Source– Revenue and Forecast to 2028 (USD Million)
Table 11. Thailand Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Thailand Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 13. Philippines Evaporated Filled Milk Market, by Source– Revenue and Forecast to 2028 (USD Million)
Table 14. Philippines Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Philippines Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 16. Vietnam Evaporated Filled Milk Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 17. Vietnam Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Vietnam Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Southeast Asia Evaporated Filled Milk Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 20. Rest of Southeast Asia Evaporated Filled Milk Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of Southeast Asia Evaporated Filled Milk Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 22. Glossary of Terms, Southeast Asia Evaporated Filled Milk Market
LIST OF FIGURES
Figure 1. Southeast Asia Evaporated Filled Milk Market Segmentation
Figure 2. Evaporated Filled Milk Market Segmentation – By Geography
Figure 3. Southeast Asia Evaporated Filled Milk Market Overview
Figure 4. Convenience Stores Segment Held Largest Share of Southeast Asia Evaporated Filled Milk Market
Figure 5. Indonesia Held Largest Share of Southeast Asia Evaporated Filled Milk Market
Figure 6. Southeast Asia Evaporated Filled Milk, Industry Landscape
Figure 7. Evaporated Filled Milk Market, Ecosystem
Figure 8. Expert Opinion
Figure 9. Evaporated Filled Milk Market Impact Analysis of Drivers and Restraints
Figure 10. Southeast Asia : Evaporated Filled Milk Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. Southeast Asia Evaporated Filled Milk Market Breakdown, By Source, 2020 & 2028 (%)
Figure 12. Cow: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
Figure 13. Buffalo: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Goat: Southeast Asia Evaporated Filled Milk Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Southeast Asia Evaporated Filled Milk Market Breakdown, by packaging type, 2020 & 2028 (%)
Figure 16. Carton: Evaporated Filled Milk Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Cans: Evaporated Filled Milk Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Bottles: Evaporated Filled Milk Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Southeast Asia Evaporated Filled Milk Market Breakdown, By Distribution Channel, 2020 & 2028 (%)
Figure 20. Supermarkets and Hypermarkets: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
Figure 21. Convenience Stores: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
Figure 22. Online Retail: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Southeast Asia Evaporated Filled Milk Market , Revenue and Forecast to 2028 (US$ Million)
Figure 24. Southeast Asia: Evaporated Filled Milk Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Southeast Asia: Evaporated Filled Milk Market Revenue Share, by Source (2020 and 2028)
Figure 26. Southeast Asia: Evaporated Filled Milk Market Revenue Share, by Packaging Type (2020 and 2028)
Figure 27. Southeast Asia: Evaporated Filled Milk Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 28. Southeast Asia: Evaporated Filled Milk Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. Indonesia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Malaysia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Thailand: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Philippines: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Vietnam: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Southeast Asia: Evaporated Filled Milk Market –Revenue and Forecast to 2028 (US$ Million)
- Alaska Milk Corporation
- Goya Foods, Inc
- Nestlé
- 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
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the Southeast Asia evaporated filled milk market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.