Concentrated milk and cream market in Americas

Earlier Report Observations

The market volume for concentrated milk and cream in the Americas increased from 1 999 thousand tons in 2018 to 2 034 thousand tons in 2020. This growth was driven by the COVID-19 pandemic, which led to a surge in home baking and cooking, boosting household consumption of shelf-stable dairy products like concentrated milk.

Market volume then entered a downward phase, declining to 2 004 thousand tons in 2021 and further to 1 951 thousand tons in 2022. Supply chain disruptions and labor shortages during this period impacted production and raw material availability, contributing to the contraction. Recovery followed in 2023, with volume rising to 1 995 thousand tons as production facilities expanded to meet rising demand, supported by sustained consumer interest in convenient, shelf-stable dairy products.

Throughout the period, the market saw the launch of new plant-based cream alternatives, such as those by Califia Farms and Country Crock, expanding product segments. Consumer preferences also shifted towards clean-label, organic, and fortified dairy products, influencing product development in the concentrated milk and cream category.

Production concentrated milk and cream in Americas

In kind, 2017-2020, K t

Top producers of concentrated milk and cream, 2017-2020

World map of production of concentrated milk and cream, 2017-2020

Production of concentrated milk and cream in the Americas increased for the second consecutive year. In 2020, output reached 1 970 K t, showing minimal change compared to 2019. The lowest production level was recorded in 2018 at 1 957 K t, which represented a decline of 0.2% from the previous year.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Exports concentrated milk and cream from Americas

Exports in kind, t

Exports of concentrated milk and cream from the Americas declined for the third consecutive year. In 2020, export volumes amounted to 28 428 t, down 11.8% from 2019. Between 2017 and 2020, exports decreased by 47%, equivalent to an annualized rate of 19.1%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

From 2017 to 2020, exports of concentrated milk and cream from the Americas were widely dispersed across partner countries. Gambia accounted for 2.0% of exports, Libya for 1.4%, and Angola for 1.0%. Together, these three countries represented only 4.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

In 2020, the value of concentrated milk and cream exports from the Americas totaled 211.4 million US dollars, reflecting a 7.8% increase compared to 2019. Over the period 2017-2020, export value decreased by 3.6%, with a compound annual growth rate of -1.2%. The lowest value was recorded in 2019 at 196.1 million US dollars, while the highest was in 2018 at 224.0 million US dollars. The largest decline occurred in 2019, with a drop of 12.4%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

During 2017-2020, exports of concentrated milk and cream from the Americas in value terms were distributed across numerous markets. Libya accounted for 1.6% of export value, Gambia for 1.5%, and Angola for 1.3%. Collectively, these three countries represented just 4.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports concentrated milk and cream to Americas

Imports in kind, t

After a two-year decline, imports of concentrated milk and cream into the Americas increased. In 2020, import volumes stood at 92 668 t, representing a solid uptick of 21.7% compared to 2019. Between 2017 and 2020, imports grew by 8.7%, equivalent to an annualized rate of 2.8%. The lowest import volume was recorded in 2019 at 76 157 t, with the largest decline occurring in 2018 at 5.8%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

From 2017 to 2020, the Netherlands, Malaysia, and Germany were among the largest suppliers of concentrated milk and cream to the Americas. The Netherlands accounted for 6.5% of imports, Malaysia for 6.3%, and Germany for 3.0%. Even combined, these three countries represented just 15.8% of total import volumes, indicating a broadly diversified partner base.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

In 2020, the value of concentrated milk and cream imports into the Americas was recorded at 202.6 million US dollars, reflecting an uptick of 17.9% compared to 2019. Over the period 2017-2020, import value increased by 14.5%, with a compound annual growth rate of 4.6%. The lowest value was recorded in 2019 at 171.9 million US dollars, with the largest decline occurring that same year at 6.7%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

During 2017-2020, imports of concentrated milk and cream into the Americas in value terms were spread relatively evenly. The Netherlands accounted for 7.2% of import value, Malaysia for 4.4%, and Germany for 3.2%. Together, these three countries represented only 14.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020