Report ID: SQMIG30I2305
Report ID:
SQMIG30I2305 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
59 |
Figures:
76
The largest market share in 2021, more than 35%, belonged to North America. New investments have been made as a result of the lucrative potential in the sector to fuel its expansion. In its Sherbrooke production site, for instance, Smucker Foods of Canada Corp. invested USD 9.1 million in February 2021. The factory makes Eagle Brand sweetened condensed milk and Carnation evaporated milk for Canadian consumers.
The predicted period is expected to see the fastest growth in Asia Pacific. The industry in this area is being driven by technological improvements that have lowered total product prices and made evaporated milk accessible at low prices. The Asia Pacific evaporated milk market has also been propelled by innovation in product manufacture and delivery.
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Report ID: SQMIG30I2305