Oats

Oats

Global Oats Market to Reach US$9.5 Billion by 2030

The global market for Oats estimated at US$6.3 Billion in the year 2023, is expected to reach US$9.5 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030. Oat Groats, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$7.0 Billion by the end of the analysis period. Growth in the Rolled Oats segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 8.3% CAGR

The Oats market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.3% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Oats Market - Key Trends & Drivers Summarized

Oats are a versatile and nutritious grain that has been a staple in human diets for centuries. Known for their high fiber content, particularly beta-glucan, oats are often celebrated for their heart health benefits and ability to lower cholesterol levels. They are consumed in various forms, including whole oats, rolled oats, oat flour, and oat bran, making them a popular ingredient in breakfast cereals, baked goods, and snack bars. Additionally, oats are a key ingredient in many gluten-free products, catering to those with gluten sensitivities or celiac disease. The rise in health consciousness and the increasing demand for functional foods have solidified oats` place in modern diets, particularly in the context of plant-based and whole-food eating trends.

Technological advancements and agricultural practices have significantly impacted oat production, improving yield, quality, and sustainability. Modern farming techniques, including precision agriculture and genetically optimized seed varieties, have enhanced the resilience of oat crops against diseases and adverse weather conditions. Processing technologies have also evolved, allowing for the production of various oat-based products that retain their nutritional value while offering convenience to consumers. Innovations in food processing, such as the development of instant oats and oat milk, have expanded the range of products available in the market, making oats more accessible and appealing to a broader audience. Furthermore, research into the health benefits of oats continues to support their reputation as a superfood, encouraging their inclusion in a variety of dietary regimens.

The growth in the oats market is driven by several factors, including the increasing awareness of health and wellness, the rising demand for plant-based foods, and the expanding applications of oats in various industries. As consumers become more health-conscious, they are seeking out foods that offer both nutritional benefits and functional properties, making oats a preferred choice. The plant-based food movement has also propelled the demand for oat-based products, such as oat milk, which serves as an alternative to dairy milk. Additionally, the food industry`s innovation in developing new oat-based products, from snacks to nutritional supplements, has broadened the market`s reach. The agricultural sector`s focus on sustainable and organic farming practices has further supported market growth, as environmentally conscious consumers gravitate towards sustainably sourced ingredients. As these trends continue to evolve, the oats market is poised for sustained growth, driven by technological advancements, consumer preferences, and the continuous exploration of oats` potential in various culinary and industrial applications.

Select Competitors (Total 68 Featured) -

• B&G Foods, Inc.
• Abbott Nutrition
• Bob`s Red Mill Natural Foods
• Ceapro, Inc.
• Bagrrys India Ltd.
• E. Flahavan & Sons Ltd.
• Culture Fresh Foods
• DailyGo
• Australian Grain Export Pty Limited
• DS Invest GmbH & Company KG
• 4care Company Limited
• Cotrade Srl
• epruf s.a.
• Beetroot Inc.
• Codwell & Company Limited

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