Dry, Condensed, And Evaporated Dairy Products Market Report 2026

Dry, Condensed, And Evaporated Dairy Products Market Overview

• Dry, Condensed, And Evaporated Dairy Products market size has reached to $122.12 billion in 2025

• Expected to grow to $160.27 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%

• Growth Driver: The Rising Demand For Dry, Condensed, And Evaporated Dairy Products In The Thriving Food And Beverage Industry

• Market Trend: Valio Prime Skimmed Milk Powder (SMP) Meeting Growing Demand For Premium Infant Milk Formula (IMF)

• Western Europe was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Dry, Condensed, And Evaporated Dairy Products Market?

Dry dairy products are manufactured by converting dairy products into a dry powder requires removing nearly all water by methods such as spray drying; drum drying and others. A condensed dairy product is formed by removing 60% of the water from the dairy product. Evaporated dairy products are made through the process of removing water from dilute liquid foods to obtain a product with a desired solid concentration.

The main types of dry, condensed, and evaporated dairy products are dry dairy products, condensed dairy products, and evaporated dairy products. Condensed milk is cow’s milk that has had the water removed. It’s most commonly seen with sugar added, like sweetened condensed milk, to the point where the names condensed milk and sweetened condensed milk are widely interchanged nowadays. The different end-users include food, beverages, intermediate products, condiments, and other distribution channels and are distributed through various channels such as supermarkets, hypermarkets, convenience stores, e-commerce, and other distribution channels.

What Is The Dry, Condensed, And Evaporated Dairy Products Market Size and Share 2026?

The dry, condensed, and evaporated dairy products market size has grown strongly in recent years. It will grow from $122.12 billion in 2025 to $128.39 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to expansion of global dairy production, increasing use of milk powders in food processing, growth of infant nutrition products, rising demand for shelf-stable dairy, advancements in dehydration technologies.

Global Dry, Condensed, And Evaporated Dairy Products Market Segmentation

1) By Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product

2) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

3) By End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users

Subsegments:

1) By Dry Dairy Product: Milk Powder (Whole Milk Powder, Skimmed Milk Powder), Whey Powder, Buttermilk Powder, Cheese Powder

2) By Condensed Dairy Product: Sweetened Condensed Milk, Unsweetened Condensed Milk

3) By Evaporated Dairy Product: Evaporated Milk, Evaporated Cream

What Is The Driver Of The Dry, Condensed, And Evaporated Dairy Products Market?

The increasing demand for the food and beverage industry will propel the growth of the dry, condensed, and evaporated dairy products market going forward. The food and beverage industry encompasses businesses and activities related to the production, processing, distribution, marketing, and sale of food and beverages. The food and beverage industry uses dry, condensed, and evaporated dairy products to enhance the taste, texture, and quality of a wide range of products, making them indispensable in various culinary applications and driving their continued popularity in the food and beverage sector. For instance, in March 2025, according to the Australian Bureau of Statistics, an Australian-based national statistical agency platform reported that in 2023-24, an estimated 15.3 million tonnes of food and non-alcoholic beverages were sold across food stores in Australia. This represents a 3.5% increase, or 0.51 million tonnes, over the previous 12-month period (2022-23). Therefore, the increasing smoking prevalence is driving the growth of the dry, condensed, and evaporated dairy products industry.

What Is The Driver Of The Dry, Condensed, And Evaporated Dairy Products Market?

The increasing demand for the food and beverage industry will propel the growth of the dry, condensed, and evaporated dairy products market going forward. The food and beverage industry encompasses businesses and activities related to the production, processing, distribution, marketing, and sale of food and beverages. The food and beverage industry uses dry, condensed, and evaporated dairy products to enhance the taste, texture, and quality of a wide range of products, making them indispensable in various culinary applications and driving their continued popularity in the food and beverage sector. For instance, in March 2025, according to the Australian Bureau of Statistics, an Australian-based national statistical agency platform reported that in 2023-24, an estimated 15.3 million tonnes of food and non-alcoholic beverages were sold across food stores in Australia. This represents a 3.5% increase, or 0.51 million tonnes, over the previous 12-month period (2022-23). Therefore, the increasing smoking prevalence is driving the growth of the dry, condensed, and evaporated dairy products industry.

Global Dry, Condensed, And Evaporated Dairy Products Market Trends and Insights

Major companies operating in the dry, condensed, and evaporated dairy products market are focusing on product innovations such as Valio Prime skimmed milk powder (SMP) to meet the growing demand for high-quality infant milk formula (IMF) products. Valio Prime skimmed milk powder (SMP) is a new infant-grade SMP that is specifically designed for dry-blend infant milk formula (IMF) production. For instance, in April 2023, Valio Ltd., a Finland-based dairy company, launched Valio Prime skimmed milk powder (SMP). It is made from the freshest Finnish milk in an ultraclean environment, making it microbiologically exceptionally pure. It is also optimized for dry blending, making it easy to use and ensuring consistent product quality. It is a versatile and customizable product that can be used to produce a wide range of IMF products.

What Are Latest Mergers And Acquisitions In The Dry, Condensed, And Evaporated Dairy Products Market?

In September 2025, Open Country Dairy Limited, a New Zealand-based dairy processing company specializing in milk powders and other dairy products, acquired Miraka Limited for an undisclosed amount. Through this acquisition, Open Country Dairy aims to expand its capacity in dry and evaporated dairy products, strengthen its supply chain, and integrate Miraka’s sustainable milk-processing operations powered by renewable geothermal energy. Miraka Limited is a New Zealand-based dairy processing company specializing in milk powders and other high-quality dairy products, with a strong focus on sustainability.

Regional Outlook

Western Europe was the largest region in the dry, condensed, and evaporated dairy products market in 2025. Asia-Pacific was the second-largest region in the dry, condensed, and evaporated dairy products market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Dry, Condensed, And Evaporated Dairy Products Market?

The countries covered in the dry, condensed, and evaporated dairy products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Dry, Condensed, And Evaporated Dairy Products Market Report 2026?

The dry, condensed, and evaporated dairy products market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the dry, condensed, and evaporated dairy products industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.