North America Evaporated Milk Market Size, Share, and COVID-19 Impact Analysis, By Type (Skimmed Evaporated Milk, and Whole Evaporated Milk), By Distribution Channel (Online, and Offline), and North America, Evaporated Milk Market Insights, Industry Trend, Forecasts to 2035

North America Evaporated Milk Market Insights Forecasts to 2035

• The North America Evaporated Milk Market Size Was Estimated at USD 1.52 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 2.15 % from 2025 to 2035
• The North America Evaporated Milk Market Size is Expected to Reach USD 1.92 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The North America Evaporated Milk Market Size is anticipated to Reach USD 1.92 Billion by 2035, Growing at a CAGR of 2.15 % from 2025 to 2035. The growing need for shelf-stable dairy products, the growing use of these products in baking and newborn nutrition, and the growing customer preference for convenient, long-lasting dairy substitutes in the retail and foodservice industries all create opportunities for growth for the North America evaporated milk market.   

Market Overview

The manufacturing, distribution, and consumption of shelf-stable, unsweetened condensed milk products in the US, Canada, and Mexico are all included in the North America evaporated milk market. A common ingredient in baking, cooking, and beverage preparation, evaporated milk is created by extracting around 60% of the water from fresh milk. Increasing product innovation, satisfying customer demand for dairy products that are shelf-stable, improving distribution networks, and capitalizing on expansion in baking, baby nutrition, and restaurant applications are the main objectives of the North America evaporated milk market.

A wide range of downstream application industries, high nutritional value, long shelf life, and reasonable costs are some of the reasons driving the North America evaporated milk market. One of the main drivers is the growing demand for dairy products that can be kept on the shelf, particularly in areas with inadequate refrigeration capabilities. Furthermore, the growing popularity of convenience and ready-to-eat foods, which frequently contain evaporated milk, contributes to North America evaporated milk market.   

Report Coverage

This research report categorizes the market for North America evaporated milk market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America evaporated milk market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America evaporated milk market.    

Driving Factors

The growing popularity of home-cooked meals among customers, as well as the advantages of evaporated milk's extended shelf life, portability, and convenience over fresh milk, are key factors propelling the North America evaporated milk market. The need for milk in nations with inadequate and subpar product supplies is another factor driving the North America evaporated milk market. Additionally, the industry is expanding due to the ease of access to products in a variety of packaging types, including bottles, tetra packs, pouches, etc. The demand for evaporated milk is primarily being driven by the introduction of novel product offers, the regional cuisines, and the expansion of the baking and confectionery industries.

Restraining Factors

The North America evaporated milk market for evaporated milk is restricted by the shifting dairy prices, supply chain interruptions, low consumer awareness in new markets, and competition from plant-based milk alternatives and other dairy products.  

Market Segmentation

The North America evaporated milk market share is classified into type and distribution channel

• The whole evaporated milk segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

The North America evaporated milk market is segmented by type into skimmed evaporated milk and whole evaporated milk. Among these, the whole evaporated milk segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The rich, creamy texture and high vitamin content of whole evaporated milk make it a popular choice for a wide range of recipes, including savory and dessert dishes. Whole evaporated milk's solid market position is further supported by the growing demand for nutrient-dense dairy products, especially in areas with limited access to fresh milk.  

• The offline segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The North America evaporated milk market is segmented by distribution channel into online and offline. Among these, the offline segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The popularity of offline channels can be attributed to the ease and speed of buying evaporated milk in real stores, as well as the opportunity to personally inspect products before making a purchase.     

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America evaporated milk market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Nestle USA 
• Borden Dairy Company         
• The J.M. Smucker Company
• Eagle Family Foods Group    
• FrieslandCampina
• Others

Recent Developments

• In June 2024, Carnation Kickin' Jalapeño Flavored Evaporated Milk was launched by Nestlé's Carnation brand as a way to improve mac and cheese. This limited-edition product, which was created in partnership with TikTok chef Tini Younger, will be accessible right before National Mac & Cheese Day.

Key Target Audience 

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America evaporated milk market based on the below-mentioned segments:

North America Evaporated Milk Market, By Type

• Skimmed Evaporated Milk
• Whole Evaporated Milk

North America Evaporated Milk Market, By Distribution Channel

• Online
• Offline