Press release
Oat based Cereal Market Size 2024 to 2031.
Market Overview and Report CoverageOat based cereal refers to breakfast cereals that are primarily made from oats. These types of cereals are becoming increasingly popular due to their perceived health benefits, including high fiber content, low glycemic index, and potential cholesterol-lowering properties.
The future outlook for the oat based cereal market is promising, with a projected growth rate of 5.90% during the forecasted period. This growth is expected to be driven by several factors, including increasing consumer awareness about the importance of a healthy diet, rising demand for convenient and nutritious breakfast options, and the growing trend towards plant-based and sustainable food products.
Current trends in the market suggest that oat based cereals are gaining traction among health-conscious consumers and those looking for alternatives to traditional cereal options. With the increasing availability of oat based cereals in various flavors and formats, including granola, flakes, and bars, the market is expected to continue to expand in the coming years.
Overall, the oat based cereal market is poised for steady growth in the near future, driven by changing consumer preferences and a growing emphasis on health and wellness.
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Market Segmentation
The Oat based Cereal Market Analysis by types is segmented into:
• Bran
• Instant Oats
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Oat based cereal market includes different types such as Bran and Instant Oats. Bran cereals are made from the outer layer of the oat grain and are known for their high fiber content. Instant Oats, on the other hand, are processed oats that can be quickly cooked and are convenient for those with busy lifestyles. Both types cater to consumers looking for a healthy and convenient breakfast option, offering different nutritional benefits and preparation methods.
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The Oat based Cereal Market Industry Research by Application is segmented into:
• Hypermarkets and Supermarkets
• Convenience Stores
• Others
Oat based cereal products are popular in hypermarkets and supermarkets due to their health benefits and convenience. These stores offer a wide variety of options for consumers to choose from. Convenience stores also cater to on-the-go consumers who are looking for quick and easy breakfast options. The oat based cereal market also extends to other markets such as health food stores, online retailers, and specialty food shops, providing a diverse range of purchasing options for consumers.
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In terms of Region, the Oat based Cereal Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Oat based Cereal market?
Some emerging trends in the global oat-based cereal market include the growing popularity of plant-based and gluten-free products, increased consumer awareness of the health benefits of oats, and a shift towards sustainable and environmentally friendly packaging options. Manufacturers are also focusing on product innovation by incorporating unique flavors and ingredients, as well as expanding their product lines to cater to different dietary preferences and lifestyles. Additionally, there is a rising demand for convenient, on-the-go oat-based cereal options, driving companies to develop new packaging formats and marketing strategies to appeal to busy consumers.
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Major Market Players
PepsiCo, Inc. is a global food and beverage company that owns well-known brands such as Quaker Oats. The company has a long history of producing popular oat-based cereals and has seen steady market growth over the years. As per the latest reports, PepsiCo had a sales revenue of approximately $74.2 billion in 2020.
Kellogg Company, another major player in the oat-based cereal market, has been in operation for over a century. The company offers a wide range of cereals, including oat-based options like Special K and Kashi. Kellogg has also experienced market growth and had a sales revenue of around $13.8 billion in 2020.
Nestlé S.A., a Swiss multinational food and beverage company, is known for its diverse product portfolio that includes oat-based cereals like Cheerios and Shredded Wheat. The company has a strong presence in the global cereal market and reported a sales revenue of approximately $91.2 billion in 2020.
General Mills, Inc. is another key player in the oat-based cereal market, with popular brands like Cheerios and Chex. The company has a history of producing quality cereals and has seen significant market growth. In 2020, General Mills reported a sales revenue of around $17.6 billion.
Overall, these companies have established themselves as leaders in the oat-based cereal market through their diverse product offerings, strong brand presence, and consistent market growth.
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