Oats Market Poised for Remarkable Expansion by USD 10.8 Billion in 2032

The oats market is a segment of the global agricultural industry that focuses on the production, trade, and consumption of oats, which are a type of cereal grain. Oats are primarily grown for their nutritional value and are widely used in various food products and feed for animals.

The global oats market is estimated at USD 6.1 Bn in 2022 and is projected to reach USD 10.8 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032.

Globally, the market is estimated to create an absolute $ opportunity of about USD 4.7 Bn by 2032. The property of oats is to provide a complete meal without the requirement of any additional ingredient which makes it the most popular grain among the others. This factor can be attributed for the escalating growth of the oats market across different regions, mainly APAC.

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The incorporation of oats in the food industry is mainly due to the increasing market penetration of breakfast cereal products. The abundance of nutrients, particularly the dietary fiber content of oats, accompanied with the rising health consciousness of people, is one of the key factors driving the global oats market. Apart from being a very healthy option for meals, oats contribute equally well for maintaining hair and skin health. The increasing consumption of convenience food and on-the-go food products also exhibits a positive impact on the oats market.

The growing economy is expected to exhibit a substantial growth over the retail chains across the globe. This, in turn, facilitates the demand for oats and oat products. Due to the preference of cereal products, retail chains are coming up with innovative types of oats and oat-based products accompanied by captivating advertisements, thus evoking a sense of authenticity to buy their products. Leading brands are continuously gaining traction by launching premium range of oat products, creating a long-term growth opportunity all over the globe.

Moreover, the growing fast-paced lifestyle of people has led to the increasing demand for portable and conveniently packed food products, thus elevating the demand for ready-to-eat oat products. These factors have led to an increasing penetration of established players by ensuring a highly competitive market scenario for oats and oat products, and fortifying the overall growth of the oats market over the forecast period.

Growing Demand for Food, Globally

With the increasing rate of world population and healthier economic conditions, there will be more mouths to feed and more plates to fill. The changing trend of food and beverage consumption is likely to impact the transition of oats and oat-based products for the middle class, which, in turn, is expected to increase the demand for oats in the preparation of cereal products. Also, per capita expenditure on food and beverages by the global population has witnessed a significant increase over the years. The key reason behind this is increasing health consciousness among consumers, as oats are among the most preferred alternatives, not only for breakfast but also for snacks, due to the better appetite fullness promotion behavior of oats. This increasing per capita expenditure is also expected to support the growth of the oats market.

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Key Segments Covered

Global Oats Market - By Product Type

Oat Groats
Whole Oats
Steel Cut Oats
Rolled Oats
Oats flour

Global Oats Market - By End Use

Breakfast Cereals
Bakery Products
Snacks & Savories
Others

Global Oats Market - By Distribution

Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Others

Global Oats Market - By Region

North America
Mexico
Latin America
Germany
U.K.
Western Europe
Eastern Europe
Australia & New Zealand
APAC
MEA

Increasing Urbanization Across the Globe

Owing to employment prospects, the migration of working population to tier-1 cities is expected to witness a significant increase over the forecast period, causing a major rise in the urbanization trend across the globe. Moreover, the contribution of growing economies is also expected to bolster the demand for oats over the forecast period. This increasing urbanization supported by the rising economy is expected to contribute significantly towards driving the oats market.

Key Producers of Oats

Some of the major companies operating in the oats market space are Nestlé S.A., Quaker Oats Company, The Kellogg Company, General Mills, Inc., Pioneer Foods Ltd., The Hain Celestial Group, Inc., Marico Limited, B&G Foods, Inc., Post Holdings, Inc., Grain Millers, Inc., Bob's Red Mill Natural Foods, Inc., Richardson International Limited, Bagrry's India Ltd, Nature's Path Foods, NOW Health Group, Inc., Helsinki Mills Ltd., Morning Foods Limited, Avena Foods Limited, Blue Lake Milling Pty Ltd. (CHB Group), and Unigrain Pty Ltd, among other oat manufacturers.

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Frequently Asked Questions

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Explore FMI's related ongoing Coverage in Food and Beverage Domain

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