Concentrated sweetened milk and cream market in the United States

Earlier Report Observations

From 2018 to 2023, the U.S. market for concentrated sweetened milk and cream experienced fluctuations in volume, declining from 817 thousand tons to 778 thousand tons. The most notable drop occurred in 2020, when volume fell to 744 thousand tons. In value terms, the market grew from 2 033 million US dollars in 2018 to 2 299 million US dollars in 2023, indicating a shift toward higher-value products despite volume volatility.

The market recovery in 2023, with volume rising 6.5% to 778 thousand tons and value increasing 9.4% to 2 299 million US dollars, was supported by improved accessibility through online portals and delivery platforms, which expanded reach to residential users. Additionally, product innovation, such as Nestlé's introduction of tube packaging to reduce food waste and enhance convenience, stimulated demand alongside health-conscious trends toward low-sugar variants and the rise of café culture using sweetened condensed milk in artisanal drinks.

Production concentrated sweetened milk and cream in the United States

In kind, 2017-2020, K t

Globally, the United States was the leading producer of concentrated sweetened milk and cream from 2017 to 2020.

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

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

The United States saw its production volume of concentrated sweetened milk and cream decline for the third year in a row. In 2020, production reached 742.0 thousand tonnes, down 7.6% year-over-year. Over the 2017-2020 period, production fell by 12.3%, with a compound annual growth rate of -4.3%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of decline, the United States experienced an increase in the production value of concentrated sweetened milk and cream. In 2020, output was valued at 1 917 million US dollars, up 1.5% year-over-year. Between 2017 and 2020, however, production value decreased by 20.1%, equating to an annualized rate of -7.2%. The lowest value was recorded in 2019 at 1 888 million US dollars, with the largest decline occurring in 2018 at 16.4%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports concentrated sweetened milk and cream from the United States

Exports in kind, t

Exports of concentrated sweetened milk and cream from the United States fell for the third consecutive year. In 2020, exports totaled 5 927 tonnes, a decrease of 19.3% compared to 2019. Over the 2017-2020 period, exports dropped by 30.8%, with a compound annual growth rate of -11.5%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, t

From 2017 to 2020, the largest buyers of concentrated sweetened milk and cream from the United States in volume terms were Mexico (22.9% of exports), the Dominican Republic (21.4% of exports), and Vietnam (9.3% of exports). Together, these three countries accounted for 53.6% of total exports.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, K $ US

The value of concentrated sweetened milk and cream exports from the United States declined for the third year in a row. In 2020, exports amounted to 15 310 thousand US dollars, marking a significant decrease of 11.4% compared to 2019. Over the 2017-2020 period, exports fell by 36.9%, with a compound annual growth rate of -14.2%.

Annual dynamics of product's exports from the United States in value, 2017-2020, K $ US

In value terms, the export structure from 2017 to 2020 shows a diversified set of partners. Mexico (24.1% of exports), Vietnam (12.3% of exports), and China (10.8% of exports) together accounted for 47.2% of total flows, while the remaining 52.8% was spread across numerous smaller markets.

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

World map of product's exports from the United States in value, 2017-2020

Imports concentrated sweetened milk and cream to the United States

Imports in kind, t

The market exhibited volatility during these years. Imports reached their lowest point in 2020, after peaking in 2019, with a 2.7-fold difference between these years. In 2020, foreign supplies to the United States stood at 7 673 tonnes, showing a sharp decrease of 62.5% from the previous year. The maximum volume was recorded in 2019 at 20 453 tonnes, with the largest increase occurring in 2019 at 138.6%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, t

From 2017 to 2020, the principal sources for imports in volume terms were Chile (55.7% of imports), Mexico (16.1% of imports), and Peru (13.1% of imports). Together, these three countries accounted for 85.0% of total import flows.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, K $ US

In 2020, the United States's imports of concentrated sweetened milk and cream amounted to 42 092 thousand US dollars, indicating a strong increase of 13.2% year-over-year. The minimum value was recorded in 2019 at 37 190 thousand US dollars, while the maximum was in 2018 at 47 400 thousand US dollars. The largest decline occurred in 2019 at 21.5%.

Annual dynamics of product's imports to the United States in value, 2017-2020, K $ US

Over the 2017-2020 period, Chile (54.6% of imports), Mexico (21.2% of imports), and Peru (9.1% of imports) together absorbed 84.9% of total import value for concentrated sweetened milk and cream to the United States, making them the main sources.

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

World map of product's imports to the United States in value, 2017-2020