• The global Fat Free Evaporated Milk market was valued at USD 366.98 million in 2023 and is projected to reach USD 476.26 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period (2024-2030). The influence of COVID-19 and the RussiaUkraine War were considered while estimating market sizes.
• Fat-free evaporated milk is a dairy product where about 60% of the water content has been removed through evaporation, similar to regular evaporated milk, but with the key distinction of having no fat. It retains a creamy texture and is often used as a lower-calorie and lower-fat alternative to regular evaporated milk in recipes.
• Market Growth Drivers: Factors driving this growth include increasing consumer preference for healthier dairy options, rising awareness about low-fat and fat-free products, and the versatility of evaporated milk in various culinary applications.
• Health and Wellness Trends: Growing health consciousness among consumers, including those focused on weight management and reducing saturated fat intake, contributes to the demand for fat-free dairy products like evaporated milk.
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