Why is anyone’s guess because Switzerland is nowhere near Brazil. This is because in Brazil, where the native language is Portuguese, they use the same word, limão, for lemon and lime.Īlso, Brazilians sometimes call the drink Limonada Suíça, which translates to “Swiss Lemonade”. Quick info about this recipe! Brazilian limeade is also known as Brazilian lemonade. Trust me, you’ll want to make batches and batches and batches. Yes, it’s blazing hot out there and this limeade recipe cannot have come at a better time. Furthermore, the popularity of traditional desserts and sweets in this region that incorporate condensed milk has also driven market growth.Brazilian limeade (also known as lemonade) combines fruit juice, vegan condensed milk and mint to create a refreshing drink with no refined sugar! Make this Brazilian lemonade recipe to help you cool down from the summer heat!Īlright, this has to be my new favorite summer drink. The growing population and urbanization in these countries have also contributed to the increasing demand for condensed milk. The Asia-Pacific region is expected to observe fast growth in the global condensed milk market due to the high consumption of dairy products. The global condensed milk market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on packaging type, the market is segmented into cans, pouches, bottles, and others.įurther, the market is segmented by distribution channels, such as supermarkets/hypermarkets, convenience stores, online stores, and others. Based on product type, the market can be segmented into sweetened condensed milk and unsweetened condensed milk. The scope of the global condensed milk market covers segmentation based on milk type, product type, packaging type, distribution channel, end-user, and region.īased on milk type, the global condensed milk market is segmented into dairy and non-dairy. The price volatility of these raw materials affects the profit margins of manufacturers, and they may be forced to increase the prices of their products, leading to decreased demand. With the rising awareness about health and wellness, consumers are increasingly opting for low-calorie and low-sugar alternatives, which is affecting the demand for condensed milk.Īnother significant restraint to the market growth is the fluctuating prices of raw materials such as milk and sugar. One of the major restraints to the growth of the global condensed milk market is the increasing concern among consumers regarding the high sugar content and the use of preservatives in condensed milk. Furthermore, the growth in the global population and disposable income levels is also anticipated to boost the demand for condensed milk, particularly in developing regions. Moreover, the increasing adoption of condensed milk as an ingredient in various processed food products due to its extended shelf life and low cost is expected to fuel market growth in the coming years. Additionally, the rising popularity of sweetened condensed milk in various baked goods, desserts, and beverages is contributing to the growth of the market. The global market for condensed milk is primarily driven by the increasing demand for dairy products and their versatile applications in the food and beverage industry. The Global Condensed Milk Market was valued at US$ 7.87 Bn in 2022, estimated to reach US$ 10.9 Bn by 2030, with a CAGR of 4.11% from 2023-2030.
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