Concentrated sweetened milk and cream market in Northern America

Earlier Report Observations

The market for concentrated sweetened milk and cream in Northern America contracted between 2018 and 2020, with production falling from 829.1 thousand tons to 754.5 thousand tons and market volume dropping to 754.2 thousand tons.

From 2021, the market stabilized and began to recover as growing consumer awareness of skim condensed milk and the product's entrenched use in confectionery and desserts such as candies and cakes supported demand. This was reinforced by rising demand from dessert shops and pastry kitchens.

Growth accelerated in 2022 and 2023, fueled by major manufacturers like Nestlé and FrieslandCampina expanding their production capacity. The introduction of convenient packaging formats, including easy-to-use squeeze tubes, improved consumer accessibility. Coupled with a growing café culture and popularity of indulgent flavors, these factors drove market volume to 785.6 thousand tons and market value to 2 024 million dollars in 2023.

Production concentrated sweetened milk and cream in Northern America

In kind, 2017-2020, K t

Top producers of concentrated sweetened milk and cream, 2017-2020

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

Northern America's production of concentrated sweetened milk and cream has declined for the third year in a row. In 2020, the region produced 754.5 thousand tons, marking a 7.5% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 12.1%, which translates to an average annual decline of 4.2%.

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

In value, 2017-2020, M $ US

Northern America's production of concentrated sweetened milk and cream has declined for the third consecutive year. In 2020, the output was valued at 1 399 million US dollars, showing a moderate drop of 9.3% compared to the year before. From 2017 to 2020, production decreased by 11.4%, with a compound annual growth rate of -4.0%.

Annual dynamics of production in Northern America in value, 2017-2020, M $ US

Exports concentrated sweetened milk and cream from Northern America

Exports in kind, t

Northern America's exports of concentrated sweetened milk and cream have fallen for the second year in a row. In 2020, the region exported 296.5 tons, representing a sharp decline of 35.5% from 2019. Between 2017 and 2020, exports decreased by 34.3%, averaging an annual drop of 13.1%. The highest export volume was recorded in 2018 at 487.3 tons, which also saw the largest increase of 7.9% that year.

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

From 2017 to 2020, the main destinations for Northern America's exports of concentrated sweetened milk and cream in volume terms were China, accounting for 4.5% of exports, the Philippines with 2.4%, and the Bahamas at 1.3%. Together, these three countries made up 8.2% of total export flows.

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

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

Exports in value, K $ US

Northern America's exports of concentrated sweetened milk and cream in value terms have declined for the second consecutive year. In 2020, exports totaled 549.9 thousand US dollars, reflecting a significant decrease of 36.8% compared to 2019. Over the period from 2017 to 2020, exports fell by 33.8%, with an average annual decline of 12.9%. The peak value was reached in 2018 at 915.0 thousand US dollars, which also experienced the largest increase of 10.1% that year.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

Between 2017 and 2020, the primary destinations for Northern America's exports of concentrated sweetened milk and cream in value terms were China, with 4.3% of exports, the Philippines at 1.3%, and Cuba with 1.2%. Collectively, these three countries accounted for 6.7% of total export value.

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

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

Imports concentrated sweetened milk and cream to Northern America

Imports in kind, t

The import market for concentrated sweetened milk and cream in Northern America showed volatility during the observed period. Imports reached their lowest point in 2020 at 123.7 tons, after peaking in 2018, with a 3.8-fold difference between these years. In 2020, imports totaled 123.7 tons, marking a sharp decline of 33.8% year-over-year. The largest decrease occurred in 2019 at 60.3%, while the largest increase was in 2018 at 100.2%.

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

From 2017 to 2020, the partner structure for imports in volume terms was relatively balanced rather than concentrated. Denmark led with 21.3% of imports, followed by the Netherlands at 5.2%, and Brazil with 1.7%. Together, these three countries represented 28.2% of total import flows, with many other countries accounting for the remaining 71.8%.

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

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

Imports in value, K $ US

After two years of growth, Northern America's imports of concentrated sweetened milk and cream in value terms declined. In 2020, imports amounted to 248.5 thousand US dollars, down by 17.0% from 2019. Over the period from 2017 to 2020, imports increased by 4.3%, with a compound annual growth rate of 1.4%. The highest value was recorded in 2019 at 299.4 thousand US dollars, and the largest increase occurred in 2018 at 18.4%.

Annual dynamics of product's imports to Northern America in value, 2017-2020, K $ US

The partner structure for imports in value terms from 2017 to 2020 remained fragmented. Denmark accounted for 22.5% of imports, the Netherlands for 4.7%, and the United Kingdom for 4.0%. Together, these three countries made up only 31.2% of total import flows, with no single country holding a dominant share.

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

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