Oat Milk Market Forecasts to 2028 – Global Analysis By Form (Conventional, Organic), Product (Flavored, Plain), Formulation (Sweetened, Unsweetened), Claim (Nut free, Regular/No claim, Gluten free, Artificial preservatives & color free, Flexible Plastic),

Oat Milk Market Forecasts to 2028 – Global Analysis By Form (Conventional, Organic), Product (Flavored, Plain), Formulation (Sweetened, Unsweetened), Claim (Nut free, Regular/No claim, Gluten free, Artificial preservatives & color free, Flexible Plastic), and others

According to Stratistics MRC, the Global Oat Milk Market is accounted for $4,134 million in 2022 and is expected to reach $7,529 million by 2028 growing at a CAGR of 10.51% during the forecast period. As a dairy-free and more vegan-friendly alternative to milk, oat milk is a healthier choice. Customers who are sensitive to dairy products or have similar allergies have a preference for oat milk. If manufactured with oats that have been verified to be gluten-free, it is normally free of gluten, nuts, soy, and lactose.

According to the data provided by the vegan society, the number of individuals opting for a vegan diet in the UK quadrupled between 2014 and 2019. There were 600,000 vegans in the country in the year 2019 which accounts for up to 1.16% of the population as compared to 150,000 (0.25% of the population) in 2014.

Market Dynamics:

Driver:

Shift of consumers towards a vegan diet

The rising number of people choosing a vegan diet is boosting the demand for oat milk. The number of people buying vegan products has significantly increased as a result of growing knowledge of the health advantages of a vegan diet. Additionally, the amount of vegan food orders placed through Deliveroo in the UK increased by 115%, according to a report by the dine-out magazine. During the projected period, the demand for oat milk is anticipated to be driven by the constantly expanding vegan diet consumer base.

Restraint:

Availability of substitutes

If people can't drink milk, oat milk is an excellent alternative. Due to inadequate sun exposure and unhealthy dietary practises, a significant portion of the population is currently suffering from shortages of the B and D vitamins (primarily B12 and D3), which also are primarily linked to regulating stress and mood as well as bone health. Oat milk is becoming more popular since it is an excellent source of vitamins B and D. As a result, during the forecasting period, the oat milk market is constrained.

Opportunity:

Increasing awareness

Since oats are more biodegradable than their competitors, including such almonds, soy, and coconut, the demand for oat milk is rising. Additionally, oat milk's bland flavour and health benefits, like the high prebiotic fibre content of the product, are elements luring consumers to consume the product. Because they value their health more than anything else, consumers are spending more money on goods that not only improve their health but also protect the environment, which helps the industry expand.

Threat:

High prices of oat milk

Oat milk costs more than milk derived from animals because of the high cost of raw materials. Oat milk costs have increased for a number of reasons, one of which is that additional steps are required to produce it, raising the cost. Oat milk prices have increased for a number of reasons, including the high cost of raw materials and the labor-intensive manufacturing process, as well as the high initial investment required. As a result, there are only a limited number of significant market players, which has elevated the price of oat milk to a premium level. As oat milk is less accessible to customers, consumer preference for it declines. As a result, the development of oat milk could be hindered in the market.

Covid-19 Impact

The introduction of COVID-19 used to have a favourable effect on oat milk sales all around the world. Multiple organs are impacted by the illness. The recommendation to choose oat milk as an occasional substitute for dairy milk for those recovering from the illness led to a sharp rise in demand for the product. During the first 8 to 10 months, the number of people infected with the COVID-19 virus surged rapidly across a number of nations, which also led to a rise in the market for oat milk globally. Due to a significant shift in consumer preference towards healthier food options to increase immunity against such diseases, the market is anticipated to develop at a comparable rate throughout the forecast period.

The flavoured segment is expected to be the largest during the forecast period

The flavoured segment is estimated to have a lucrative growth, due to rising popularity of flavoured products that meet consumers' needs for comfort and health. Consumers are becoming more and more interested in goods that satisfy their palates while also being healthy. Due in large part to the diverse and ethnic flavours that producers are developing, the demand for flavor-added oat milk has increased.

The cartons segment is expected to have the highest CAGR during the forecast period

The cartons segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising demand for packaging options with high standards and long shelf lives. The rising popularity of Tetra Pak carton packaging, which is mostly constructed of paperboard, has further spurred this increase. The segment's revenue has consequently increased significantly. The demand for sustainable packaging options is what is driving the growth of carton packaging. Given that they are comprised of recyclable and renewable materials, paper-based cartons are one of the greenest packaging options available.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising disposable income among consumers ready to pay a premium price for health-beneficial products and growing knowledge of the health benefits offered by plant-based milk. Due to the increased prevalence of coronary diseases and also the amount of weight control programmes, the market for plant-based milk is predicted to grow favourably in the area.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to high level of customer awareness concerning the protein content and nutritional benefits of oat milk. The market for dairy substitutes in the area has expanded as a result of the high acceptance of e-commerce websites as a selling medium. Oat milk consumption in North America is anticipated to increase as a result of an increase in cases of lactose intolerance and milk allergies. To appeal to a rising consumer population that is choosing plant-based products, regional food and beverage producers are adding dairy substitutes to their products, which is helping the industry grow even more.

Key players in the market

Some of the key players profiled in the Oat Milk Market include The Coca-Cola Company, Happy Plant Foods, Pacific Foods, Bevry , Quaker Oats, Califia Farms, Danone , Oatly, Rice Brewing, HP Hood LLC, Elmhurst, Earth's Own Food Company Inc, The Hain Celestial Group Inc., Thrive Market Inc.

Key Developments:

In May 2021, Bevry launched India’s First Oat Milk that comes in three flavors that include Original, Choc-O-Haze, and Vanilla Cinnamon. Coca-Cola launched a new oat milk product Simply Oat, under it’s Simply brand in 2021, which has expanded its plant-based beverages portfolio.

In Nov 2020, Califia Farms introduced a new long-life oat drink exclusively in the UK market. The company intended to motivate consumers to switch from dairy milk and decrease their environmental footprint.

In May 2020, Pacific Foods launched its Genuine Reduced Sugar Oat Original Plant-Based Beverage. This latest variant has the same consistency as Pacific’s Organic Original and Vanilla Oat flavors with 80 percent less sugar.

In Jan 2020, Danone North America launched a new DHA Omega-3 drink, thereby expanded Silk plant-based beverage portfolio in the US. Available in unsweetened and vanilla flavors, Silk DHA Omega-3 features a combination of pea protein, oat milk, and almond milk.

In February 2019, Quaker Oats, a Pepsico-owned Company, launched Oat Beverage. Danone’s Silk brand also introduced an Oat-based beverage Oat Yeah.

Forms Covered:
• Conventional
• Organic

Products Covered:
• Flavored
• Plain

Formulation Covered:
• Sweetened
• Unsweetened

Claims Covered:
• Nut free
• Regular/No claim
• Gluten free
• Artificial preservatives & color free
• Other Claims

Packaging Sizes Covered:
• More than 1000 ML
• 1000 ML
• 100 ML
• 500 ML
• 110 ML
• 250 ML
• Other Packaging Sizes

Types Covered:
• Refrigerated oat milk
• Shelf stable oat milk

Packaging Forms Covered:
• Bottle
• Carton
• Tetra Packs
• Can

Distribution Channels Covered:
• Grocery stores
• Supermarket/Hypermarket
• Online Retail

Applications Covered:
• Speciality Stores
• Mainstream Stores
• Beverage
• Food
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Oat Milk Market, By Form
5.1 Introduction
5.2 Conventional
5.3 Organic
6 Global Oat Milk Market, By Product
6.1 Introduction
6.2 Flavored
6.3 Plain
7 Global Oat Milk Market, By Formulation
7.1 Introduction
7.2 Sweetened
7.3 Unsweetened
8 Global Oat Milk Market, By Claim
8.1 Introduction
8.2 Nut free
8.3 Regular/No claim
8.4 Gluten free
8.5 Artificial preservatives & color free
8.6 Other Claims
9 Global Oat Milk Market, By Packaging Size
9.1 Introduction
9.2 More than 1000 ML
9.3 1000 ML
9.4 100 ML
9.5 500 ML
9.6 110 ML
9.7 250 ML
9.8 Other Packaging Sizes
10 Global Oat Milk Market, By Type
10.1 Introduction
10.2 Refrigerated oat milk
10.3 Shelf stable oat milk
11 Global Oat Milk Market, By Packaging Form
11.1 Introduction
11.2 Bottle
11.3 Carton
11.4 Tetra Packs
11.5 Can
12 Global Oat Milk Market, By Distribution Channel
12.1 Introduction
12.2 Grocery stores
12.3 Supermarket/Hypermarket
12.4 Online Retail
13 Global Oat Milk Market, By Application
13.1 Introduction
13.2 Speciality Stores
13.3 Mainstream Stores
13.4 Beverage
13.5 Food
13.6 Other Applications
14 Global Oat Milk Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 The Coca-Cola Company
16.2 Happy Plant Foods
16.3 Pacific Foods
16.4 Bevry
16.5 Quaker Oats
16.6 Califia Farms
16.7 Danone
16.8 Oatly
16.9 Rice Brewing
16.10 HP Hood LLC
16.11 Elmhurst
16.12 Earth's Own Food Company Inc
16.13 The Hain Celestial Group Inc.
16.14 Thrive Market Inc.
List of Tables
Table 1 Global Oat Milk Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Oat Milk Market Outlook, By Form (2020-2028) ($MN)
Table 3 Global Oat Milk Market Outlook, By Conventional (2020-2028) ($MN)
Table 4 Global Oat Milk Market Outlook, By Organic (2020-2028) ($MN)
Table 5 Global Oat Milk Market Outlook, By Product (2020-2028) ($MN)
Table 6 Global Oat Milk Market Outlook, By Flavored (2020-2028) ($MN)
Table 7 Global Oat Milk Market Outlook, By Plain (2020-2028) ($MN)
Table 8 Global Oat Milk Market Outlook, By Formulation (2020-2028) ($MN)
Table 9 Global Oat Milk Market Outlook, By Sweetened (2020-2028) ($MN)
Table 10 Global Oat Milk Market Outlook, By Unsweetened (2020-2028) ($MN)
Table 11 Global Oat Milk Market Outlook, By Claim (2020-2028) ($MN)
Table 12 Global Oat Milk Market Outlook, By Nut free (2020-2028) ($MN)
Table 13 Global Oat Milk Market Outlook, By Regular/No claim (2020-2028) ($MN)
Table 14 Global Oat Milk Market Outlook, By Gluten free (2020-2028) ($MN)
Table 15 Global Oat Milk Market Outlook, By Artificial preservatives & color free (2020-2028) ($MN)
Table 16 Global Oat Milk Market Outlook, By Other Claims (2020-2028) ($MN)
Table 17 Global Oat Milk Market Outlook, By Packaging Size (2020-2028) ($MN)
Table 18 Global Oat Milk Market Outlook, By More than 1000 ML (2020-2028) ($MN)
Table 19 Global Oat Milk Market Outlook, By 1000 ML (2020-2028) ($MN)
Table 20 Global Oat Milk Market Outlook, By 100 ML (2020-2028) ($MN)
Table 21 Global Oat Milk Market Outlook, By 500 ML (2020-2028) ($MN)
Table 22 Global Oat Milk Market Outlook, By 110 ML (2020-2028) ($MN)
Table 23 Global Oat Milk Market Outlook, By 250 ML (2020-2028) ($MN)
Table 24 Global Oat Milk Market Outlook, By Other Packaging Sizes (2020-2028) ($MN)
Table 25 Global Oat Milk Market Outlook, By Type (2020-2028) ($MN)
Table 26 Global Oat Milk Market Outlook, By Refrigerated oat milk (2020-2028) ($MN)
Table 27 Global Oat Milk Market Outlook, By Shelf stable oat milk (2020-2028) ($MN)
Table 28 Global Oat Milk Market Outlook, By Packaging Form (2020-2028) ($MN)
Table 29 Global Oat Milk Market Outlook, By Bottle (2020-2028) ($MN)
Table 30 Global Oat Milk Market Outlook, By Carton (2020-2028) ($MN)
Table 31 Global Oat Milk Market Outlook, By Tetra Packs (2020-2028) ($MN)
Table 32 Global Oat Milk Market Outlook, By Can (2020-2028) ($MN)
Table 33 Global Oat Milk Market Outlook, By Distribution Channel (2020-2028) ($MN)
Table 34 Global Oat Milk Market Outlook, By Grocery stores (2020-2028) ($MN)
Table 35 Global Oat Milk Market Outlook, By Supermarket/Hypermarket (2020-2028) ($MN)
Table 36 Global Oat Milk Market Outlook, By Online Retail (2020-2028) ($MN)
Table 37 Global Oat Milk Market Outlook, By Application (2020-2028) ($MN)
Table 38 Global Oat Milk Market Outlook, By Speciality Stores (2020-2028) ($MN)
Table 39 Global Oat Milk Market Outlook, By Mainstream Stores (2020-2028) ($MN)
Table 40 Global Oat Milk Market Outlook, By Beverage (2020-2028) ($MN)
Table 41 Global Oat Milk Market Outlook, By Food (2020-2028) ($MN)
Table 42 Global Oat Milk Market Outlook, By Other Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings