Oats Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Oats Market
The Oats market size was valued at USD 5.18 billion in 2019. The market is projected to reach USD 8.56 billion in 2032, exhibiting a CAGR of 4.05% during the forecast period of 2020-2032.
The COVID-19 pandemic negatively impacted the oats marketplace because of disruptions within the worldwide supply chain, hard work shortages, and decreased production ability. The closure of foodservice shops and a lower in consumer spending delivered approximately a decline in call for oats-primarily based definitely products. However, there was a moderate shift in consumer behaviour, with an improved choice for healthier, at-home meal options, in part offsetting the losses. Additionally, transportation and logistical demanding situations precipitated charge fluctuations, further straining market balance. Despite the setbacks, the oats market has demonstrated symptoms and signs of healing as demand for nutritious, flexible meals will increase put up-pandemic.
A state-of-the-art fashion in the oats marketplace is the growing name for oat-based totally merchandise as a part of plant-primarily based and gluten-loose diets. Consumers are an increasing range of selecting oat milk, oat flour, and different oat-based definitely snacks because of their fitness benefits, together with being wealthy in fiber, protein, and antioxidants. Oat milk, in particular, has obtained massive popularity as a dairy opportunity due to its creamy texture and environmental sustainability. The trend is in addition supported by way of the use of growing consciousness of the environmental impact of animal agriculture and the developing availability of oat-primarily based products in both retail and foodservice sectors.
One driving aspect for the growth of the oats marketplace is the increasing purchaser recognition on health and well-being. Oats are considered a nutrient-dense superfood, wealthy in fiber, protein, and crucial nutrients. As greater individuals adopt more healthy life, oats have received recognition for their capability to resource coronary heart health, weight manipulate, and digestive health. The upward thrust in call for plant-based totally and gluten-unfastened products in addition boosts the intake of oats, as they align with dietary alternatives and lifestyle alternatives. Additionally, oats' versatility in numerous meals products, from breakfast cereals to snacks, maintains to electricity market increase.
Comprehensive Analysis of Oats market
The Oats market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type include steel cut, whole oats, instant oats, and others, by application include bakery and confectionery, breakfast cereals, animal feed, and others.
The Europe location lead the Oats market share percentage via benefitting a marketplace size of USD 3.18 billion due to major oat-producing countries.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, richardson international ltd., bob’s red mill natural foods, inc., avena foods ltd., glanbia, plc., the ancient grains, co., aussee oats milling pvt ltd.
November 2019: Chobani LLC currently launched a new product variety featuring oat beverages and blends within the U.S. Market. This move goals to amplify its enterprise through tapping into the growing call for for plant-primarily based, dairy-free options. The oat-primarily based merchandise cater to fitness-conscious clients looking for nutritious and sustainable alternatives.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
By Type
Steel Cut
Whole Oats
Instant Oats
Others (Oat Flour, Rolled Oats)
By Application
Bakery & Confectionery
Breakfast Cereals
Animal Feed
Others (Cosmetics, Others)
By Geography
North America (By Type, Application, and By Country)
The U.S. (By Type)
Canada (By Type)
Mexico (By Type)
Europe (By Type, Application, and By Country)
Germany (By Type)
France (By Type)
Italy (By Type)
Russia (By Type)
The U.K. (By Type)
Spain (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Application, and By Country)
China (By Type)
Japan (By Type)
Australia (By Type)
India (By Type)
Kazakhstan (By Type)
Rest of Asia Pacific (By Type)
South America (By Type, Application, and By Country)
Argentina (By Type)
Brazil (By Type)
Chile (By Type)
Rest of South America (By Type)
Middle East & Africa (By Type, Application, and By Country)
South Africa (By Type)
Turkey (By Type)
Rest of the Middle East & Africa (By Type)