IMARC Group, a leading market research company, has recently released a report titled “Oat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global oat milk market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Oat Milk Industry?
According to the report, The global oat milk market size reached US$ 569 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,196 Million by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.
What is Oat Milk?
Oat milk is a whitish liquid produced by soaking oat grains and blending them with water. It comprises carbohydrates, proteins, vitamins A, D, B12, and B2, fiber, calcium, copper, zinc, manganese, magnesium, and potassium. It is low in fat, gluten-free, and possesses a sweet flavor. It also contains beta-glucan, which is essential for maintaining proper gut health and strengthening the immune system to prevent infections. It supports the breakdown of carbohydrates for energy and the normal function of red blood cells (RBCs). Oat milk has zero saturated fats and cholesterol and assists in lowering the levels of bad cholesterol in the body. It also regulates their bowel movements and decreases the occurrence of constipation. Furthermore, as the procurement process of oat milk is environment-friendly and does not produce greenhouse gases, its demand is rising around the world.
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What are the growth prospects and trends in the oat milk industry?
At present, the increasing demand for oat milk due to its nutritional benefits represents one of the primary factors influencing the market positively. Besides this, the rising adoption of the vegan lifestyle and consumption of plant-based diets to prevent animal slaughter is propelling the growth of the market. In addition, the growing consumption of oat milk among individuals dealing with lactose intolerance and food allergies is offering a favorable market outlook. Moreover, the rising number of restaurants and coffee shops incorporating vegan dishes and beverages in their menu is contributing to the growth of the market.
Competitive Landscape:
- Califia Farms LLC
- Earth’s Own Food Company Inc
- Elmhurst Milked Direct LLC
- Happy Planet Foods Inc.
- Oatly AB (Cereal Base Ceba AB)
- Pacific Foods of Oregon LLC (Campbell Soup Company)
- Planet Oat Oatmilk (HP Hood LLC.)
- RISE Brewing Co.
- The Hain Celestial Group Inc.
- Thrive Market Inc.
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
Breakup by Source:
- Organic
- Conventional
Breakup by Product:
- Plain
- Flavored
Breakup by Packaging Type:
- Cartons
- Bottles
- Others
Breakup by Application:
- Food
- Beverages
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Grocery Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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