According to the latest report by IMARC Group, titled, “Oat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global oat milk market reached a value of US$ 495.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,062.6 Million by 2027, exhibiting a CAGR of 13.72% during 2022-2027.
Oat milk is a plant-based, lactose-free, vegan-friendly milk substitute made from oats. Its production process includes soaking, blending, and straining oats. This milk can be taken in its raw form and as a natural sweetener with added flavorings, such as dates, vanilla, and cinnamon. It is rich in vitamin B, folate, manganese, zinc, magnesium, thiamine, phosphorus and copper. The consumption of oat milk improves bone health and lowers blood cholesterol.
Market Trends:
The growing inclination towards the consumption of oat milk as an ideal dairy milk substitute is primarily driving the demand for oat milk across the globe. Other than the similar taste, oat milk is gaining traction due to its health profile and sustainability features. Moreover, several key manufacturers are adopting innovative ways to extract oat milk to gain unique selling points and differentiate their products in local markets. At present, numerous market players are collecting high-quality raw materials directly from farmers to make the final product cost-effective, which is providing a positive outlook to the market. Various other factors, including the rising number of lactose-intolerant individuals and the availability of oat milk in convenient packaging solutions, are expected to further propel the market growth in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
- Califia Farms LLC
- Earth’s Own Food Company Inc
- Elmhurst Milked Direct LLC
- Happy Planet Foods Inc.
- Oatly AB (Cereal Base Ceba AB)
- Pacific Foods of Oregon LLC (Campbell Soup Company)
- Planet Oat Oatmilk (HP Hood LLC.)
- RISE Brewing Co.
- The Hain Celestial Group Inc.
- Thrive Market Inc.
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
Breakup by Source:
- Organic
- Conventional
Breakup by Product:
- Plain
- Flavored
Breakup by Packaging Type:
- Cartons
- Bottles
- Others
Breakup by Application:
- Food
- Beverages
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Grocery Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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