The condensed milk market has been experiencing significant growth. Driven by a growing consumer preference for versatile dairy products, particularly in culinary and beverage applications, the condensed milk market is expected to reach US$ 9.42 billion by 2029. The dairy industry faces many challenges, some of which include the inevitable concern over high sugar content, lack of dietary fibre, and nutrient imbalance. Therefore, it is crucial to address these concerns without compromising the product’s convenience and versatility.
Market Overview
According to Market Data Forecast, the condensed milk market is expected to grow significantly, reaching an estimated value of US$ 7.93 billion by 2024. The