Press release
Gluten-Free Oats Market to Reach US$ 586.2 Million by 2028 | CAGR of 12.8%
According to the latest report by IMARC Group, titled "Gluten-Free Oats Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global gluten-free oats market size reached US$ 287.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 586.2 Million by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.Gluten-Free Oats Market Outlook:
Oats or Avena sativa is a cereal grain primarily consumed as oatmeal or rolled oats. It is a rich source of essential minerals, vitamins, antioxidants, and fiber. While oats are naturally gluten-free, it is in the harvesting and manufacturing process that oats get contaminated with gluten from other products made in the facility. To ensure that oats are gluten-free, farmers harvest them with gluten-free equipment, and then producers package their products with care in a dedicated facility. It is widely used for breakfast cereals and baked goods, including cakes, cookies, and bread.
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Global Gluten-Free Oats Market Demand:
The global market is majorly driven by the increasing inclination of consumers toward the product as it improves nutritional consistency and digestive, cardiovascular, and metabolic health. In line with this, the leading players are focusing on producing new product varieties, such as non-GMO and organic varieties, and developing a wide variety of products, including oat-beverages. This, in turn, is expected to significantly contribute to the market growth.
Furthermore, the rising prevalence of food allergies and other types of food gluten sensitivities is positively influencing product demand. Moreover, the growing incidence of celiac diseases, diabetes, and obesity is catalyzing product uptake. Besides, individuals who want to reduce their weight consume gluten-free oats due to their low calorific and glycemic index, which, in turn, is anticipated to propel the market worldwide. Additionally, the rapid utilization of the product in animal feed is favoring the market expansion.
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Key Market Segmentation:
Competitive Landscape with Key Players:
• Quaker Oats Company
• Bob's Red Mill Natural Foods
• Kinnusen Mylly Oy
• Glebe Farm Food Limited
• Avena Foods
Breakup by Product Type:
• Rolled Oats
• Steel Cut Oats
• Oat Bran
• Oat Flour
• Others
Breakup by Application:
• Breakfast Cereals
• Bakery
• Snacks
• Others
Breakup by End Use:
• HORECA
• Retail
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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