Press release
Emerging Trends Influencing The Growth Of The Dry, Condensed, And Evaporated Dairy Products Market: Carnation Launches Jalapeño-Flavored Evaporated Milk To Cater To Growing Demand For Bold Flavors
Dry, Condensed, And Evaporated Dairy Products
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How Big Is the Dry, Condensed, And Evaporated Dairy Products Market Size Expected to Be by 2034?_x000D_
The dry, condensed, and evaporated dairy products market has grown steadily, increasing from $119.97 billion in 2024 to $127.28 billion in 2025 at a CAGR of 6.1%, supported by dairy production, long shelf-life requirements, global output, usage in military and emergencies, and international trade._x000D_
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The dry, condensed, and evaporated dairy products market is expected to grow strongly in the coming years. It will reach $160.86 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.0%. This growth is driven by the preferences of health-conscious consumers, sustainability and ethical practices, the demand for clean-label and natural ingredients, global market expansion, and digital marketing. Major trends include lactose-free and dairy-free options, functional and fortified products, alternative milk powders, flavored varieties, and customized specialty products._x000D_
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What Are the Emerging Segments Within the Dry, Condensed, And Evaporated Dairy Products Market?_x000D_
The dry, condensed, and evaporated dairy products market covered in this report is segmented -_x000D_
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1) By Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product_x000D_
2) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels_x000D_
3) By End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users_x000D_
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Subsegments:_x000D_
1) By Dry Dairy Product: Milk Powder (Whole Milk Powder, Skimmed Milk Powder), Whey Powder, Buttermilk Powder, Cheese Powder_x000D_
2) By Condensed Dairy Product: Sweetened Condensed Milk, Unsweetened Condensed Milk_x000D_
3) By Evaporated Dairy Product: Evaporated Milk, Evaporated Cream_x000D_
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What Long-Term Drivers Are Shaping Dry, Condensed, And Evaporated Dairy Products Market Trends?_x000D_
The growing preference for local, sustainable, and organic food production is expected to positively influence the dry, condensed, and evaporated dairy product manufacturing market. Organic food, including dairy products, emphasizes consumer health, environmental sustainability, and animal welfare. For example, in June 2022, the Organic Trade Association reported that organic fruits and vegetables sales increased by 4.5%, generating $21 billion in revenue, which represents 15% of the total U.S. product market in 2021. This growing demand for organic food will likely drive the market for dry, condensed, and evaporated dairy products._x000D_
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Who Are the Top Competitors in Key Dry, Condensed, And Evaporated Dairy Products Market Segments?_x000D_
Major companies operating in the dry, condensed, and evaporated dairy products market include Kerry Group plc, Tate & Lyle plc, Rhodes Food Group, Nestlé S.A, The J.M. Smucker Company, Gcmmf Ltd., Magnolia Inc., Goya Foods Inc., Fonterra USA Inc., Darigold, Prairie Farms Dairy Inc., Crystal Creamery, Milk Specialties Company, Merrick's Inc., PBM Covington LLC, Lactalis American Group Inc., Schreiber Foods Inc., Saputo Inc., Glanbia plc, Dairy Farmers of America Inc., Hiland Dairy Foods Company LLC, Borden Dairy Company, Foremost Farms USA Cooperative, Land O'Lakes Inc., Leprino Foods Company, Agropur Cooperative, Associated Milk Producers Inc., California Dairies Inc., First District Association, Great Lakes Cheese Co Inc., Kraft Heinz Ingredients, MCT Dairies Inc., Michigan Milk Producers Association, Pacific Cheese Co Inc., Tillamook County Creamery Association._x000D_
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What Dry, Condensed, And Evaporated Dairy Products Market Trends Are Gaining Traction Across Different Segments?_x000D_
The internet of things (IoT) is being adopted in the dry, condensed, and evaporated dairy products market to monitor and ensure safe handling. The Chinese government's National Food Quality Safety Traceability Platform uses IoT for better supply chain safety. Additionally, companies are introducing flavored evaporated milk to satisfy consumer demand for bold and customizable tastes. In June 2024, Nestlé's Carnation Evaporated Milk brand in the US launched a limited-edition Kickin' Jalapeño Flavored Evaporated Milk, developed in collaboration with TikTok chef Tini Younger, offering a spicy twist ideal for dishes like mac and cheese._x000D_
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Which Regions Are Becoming Hubs for Dry, Condensed, And Evaporated Dairy Products Market Innovation?_x000D_
Western Europe was the largest region in the dry, condensed, and evaporated dairy products market in 2023. Asia-Pacific was the second-largest region in the dry, condensed, and evaporated dairy products market. The regions covered in the dry, condensed, and evaporated dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Dry, Condensed, And Evaporated Dairy Products Market?_x000D_
2. What is the CAGR expected in the Dry, Condensed, And Evaporated Dairy Products Market?_x000D_
3. What Are the Key Innovations Transforming the Dry, Condensed, And Evaporated Dairy Products Industry?_x000D_
4. Which Region Is Leading the Dry, Condensed, And Evaporated Dairy Products Market?
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