Global Oat Milk Market

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Global Oat Milk Market

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The Global Oat Milk Market was valued at US$ 2.21 billion in 2021 and is predictable to reach US$ 8.16 billion by 2030; growing at a CAGR of 15.6 % during the forecast period from 2021- 2030. Oat milk is referred as a plant-based lactose-free drink derived from whole wheat grains by the plant material with water having a creamy texture and oatmeal-like flavor available in multiple flavors such as vanilla, chocolate, sweetened, or unsweetened. Oat milk is rich in potassium, calcium, iron, and vitamin D and also delivers a sufficient number of proteins. – PowerPoint PPT presentation

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Title: Global Oat Milk Market

1
Global Oat Milk Market Report

Global Scenario, Market Size, Outlook, Trend, and
Forecast, 2020 2030

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Overview

The Global Oat Milk Market was valued at US 2.21
billion in 2021 and is predictable to reach US
8.16 billion by 2030 growing at a CAGR of 15.6
during the forecast period from 2021- 2030.
Oat milk is referred as a plant-based
lactose-free drink derived from whole wheat
grains by the plant material with water having a
creamy texture and oatmeal-like flavor available
in multiple flavors such as vanilla, chocolate,
sweetened, or unsweetened. Oat milk is rich in
potassium, calcium, iron, and vitamin D and also
delivers a sufficient number of proteins.

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Market Dynamics

The demand for oat milk is attributed to
increasing awareness, increasing dairy milk
allergy, and the rising popularity of the vegan
diet among the consumer which is likely to
augment the product demand during the forecast
period. Increasing consciousness owing to health
factors has resulted in low-fat milk owing to
health, ethical, and environmental factors which
are projected to contribute to the market growth
of oat milk. Further, consumption of calcium in
preferred amount helps in the reduction of the
occurrence of osteoporosis and also aids in nerve
muscle functioning. In addition, shifting
towards plant-based beverages owing to change in
taste, allergy from the milk, and lactose
intolerance by the consumers has switched for the
consumption of dairy alternatives. Such factors
are expected to propel the increase the demand
thus augmenting the global oat milk market during
the forecast period.
However, several countries dont accept
plant-based milk and its cost is higher compared
to dairy milk. In addition, lack of product
penetration in the market and lack of awareness
among the consumers for plant-based milk are the
factors restraining the sales of oat milk across
the globe thus declining the revenue growth.

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The Global Oat Milk Market is segmented by
flavor, source, packaging form, distribution
channel, and region. Based on flavor, it is
categorized into plain and flavored. By source,
it bifurcates into conventional and organic. The
packaging forms segments into bottles and
cartoons. By distribution channel, oat milk
market is bifurcated into online retail,
supermarket hypermarket, grocery stores, and
others. Based on regional insights, the global
oat milk market is categorized into North
America (US, Canada, Mexico, Rest of America),
Asia Pacific (India, China, Rest of Asia
Pacific), Europe (UK, Germany, Russia, Rest of
Europe) and Rest of the world (Latin America and
Middle East Africa).
North America holds the highest market share and
is further projected to grow during the forecast
period owing to risinig awareness among the
consumers about the health benefits from oat
milk, and newer product launches. Asia Pacific
region is expected to emerge as the
fastest-growing market owing to the acceptance of
plant-based milk, increasing product demand,
health benefits from oat milk, and improved
standard of living spending ability of the
consumers.
Prominent players inducing the Global Oat Milk
Market are THE BRIDGE S.R.L, Otis Oat M!lk,
Nestle SA, Pureharvest, The Hain Celestial Group
Inc., Califia Farms LLC, Elmhurst Milked Direct
LLC, Mooala Brands LLC, Vitasoy International
Holdings Limited, PACIFIC FOODS OF OREGON LLC,
Oatly AB, Minor Figures, Danone SA, Panos Brands
LLC, Sanitarium, Chobani LLC, Earth's Own Food
Company Inc, Happy Planet Foods, SunOpta Inc, and
Arla Foods amba among others.

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Segmentation and Scope of the Global Oat
Milk MarketGlobal Oat Milk Market is segmented
by flavor, source, packaging form, distribution
channel, and region.