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Oats Market Share, Size 2023 | Industry Insights, Growth Rate, And Forecast To 2032
Oats Market Analysis
The Business Research Company's Oats Global Market Report 2023 identifies rising popularity and preference for healthy meals as the major driver for the oats market's growth in the forecast period. Healthy eating has become the norm with most consumers demanding foods and beverages to meet progressively nuanced health and wellness, ethics, and sustainability criteria. Oatmeal is consumed widely as a healthy breakfast option owing to its health benefits and high nutritional value. Oatmeal offers several benefits including weight management, control blood sugar level, controls cholesterol level, and others.
The global oats market size grew from $6.67 billion in 2022 to $7.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The oats market size is expected to grow to $9.46 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the oats market are Blue Lake Milling, Bob's Red Mill Natural Foods, B&G Foods, The Kellogg Company, Avena Foods Limited, General Mills, Grain Millers.
A key trend in the oats market includes product innovations. Major companies operating in the oats market are focused on developing innovative products to meet customer demand and strengthen their position. For instance, in June 2020, Gold&Green, a Finland-based food technology company launched 100% plant-based protein Pulled Oats. Pulled oats capitalize on the rising popularity of plant-based diet and attract vegans, vegetarians, pescatarians, flexitarians, and almost everyone attempting to eat less meat or looking for tasty and varied protein substitutes. Pulled oats have a unique fibrous texture that integrates flavors well and can be seasoned to taste.
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The oats market is segmented -
1) By Type: Whole, Steel Cut, Scottish, Regular Rolled, Quick Rolled, Instant, Other Types
2) By Form: Flakes, Granules, Flour
3) By Application: Bakery Products, Animal Feeds, Food Ingredients, Health Care, Cosmetic Products, Other Applications
4) By Distribution Channel: Hypermarkets, Supermarkets, Specialty Retailers, Convenience Stores, Independent Retailers, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the oats market.
The Business Research Company's "Global Oats Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oats Market Include:
1. Executive Summary
2. Oats Market Characteristics
3. Oats Market Trends And Strategies
4. Oats Market - Macro Economic Scenario
5. Oats Market Size And Growth
…….
26. Africa Oats Market
27. Oats Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oats Market
29. Oats Market Future Outlook and Potential Analysis
30. Appendix
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