Oats Market Synopsis:
The global oats market is estimated at USD 6.3 Bn in 2022 and is projected to reach USD 10.8 Bn by 2030, at a CAGR of 5.11% from 2022 to 2030.
Oats refer to a whole-grain food called Avena sativa scientifically. Oat groats, the whole and intact form of oats, take a long time to cook. The use of oats is gaining massive traction across the globe. The global Oats Market has recorded enormous growth in recent years. The market's growth is primarily attributed to the growing shift in consumer inclination.
Furthermore, the changing lifestyle across the emerging nations is also projected to boost the growth of the oats market over the forecasted period. Moreover, the factors such as growing awareness related to nourishing and medical advantages associated with the use of oats and growing interest in comfort food are also projected to catalyse the market's growth. On the other hand, rapid diet patterns and availability of substitute items across the global market are likely to impede the oats market's growth over the assessment era.
Top Key Players:
The global Organic Oats market has an incredibly competitive landscape. The players across the global market are focusing on strengthening their global market footprint. The leading players are launching several new products and flavors to meet the growing demand across the globe. The global oats market has leading players such as Richardson International (Canada), General Mills, Inc. (U.S.), Grain Millers, Inc. (U.S.), The Quaker Oats Company (U.S.), Avena Foods Limited (Canada), Morning Foods Ltd (U.K.), Blue Lake Milling Pty Ltd (Australia), and several others.
Regional Outlook:
The global oats market is examined across several major regions, including Europe, North America, Asia-Pacific, and the rest of the world (RoW).
As per the MRFR reports, the North American region will lead the global oats market over the assessment era. The regional market's growth is attributed mainly to the region's growing well-being mindfulness. Furthermore, the quality food utilization patterns from the created nations are also projected to boost the regional market's growth.
The European region is projected to secure second place in the global Organic Oats market over the assessment era. The region is further divided into major markets such as Germany, France, and the U.K.
What are the major variables influencing the oats industry?
The industry is primarily driven by the nutritive content of oats as well as the promotion of oats on various media, which is moving the market ahead.
What industry sectors does the Oats Market Report cover?
Based on form, application, distribution channel, and geography, the global oats market is divided into segments.
Oats Market Segmentations:
The global Organic Oats market has been fragmented into various segments based on distribution channel, application, structure, and region.
Based on structure, the global market for oats is divided into the bar, powder/flour, standard/chips, and others.
The oats market is split into individual consideration items, medical services items, bread kitchen and candy store, and food fixing based on application.
The oats market is divided into non-store-based and store-based based on the distribution channel.
Recent Industry News:
February 2022: Above Food Corp. will be acquiring Sonic Milling Systems, Ltd., a reputed food technology firm focused on creating processing methods for plant-based ingredients as well as products. Sonic Milling’s hydrodynamic-cavitation technology makes use of pressure and water to develop microscopic air bubbles that can break apart a host of ingredients including fruits, vegetables, and pulses into clean label liquids as well as sauces without requiring stabilizers. Above Food Corp. has used the technology to develop oat beverage, oat creamer and oat concentrate for numerous North American retailers and brands.
February 2022: MOMA, a British oat milk company has unveiled its latest chilled oat milk that will now be available in two varieties, semi and whole. Both the products will be sold at 220 Waitrose stores across the country, along with launch at a few retailers including Ocado and Morrisons to follow. MOMA says that the new oat milk products are of barista-quality and can foam as perfectly without any splitting. Unlike other brands, these varieties are created in the UK and not made from concentrate.
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