Press release
Oat Groats Market Size 2024 to 2031.
Market Overview and Report CoverageOat groats refer to the whole, minimally processed oat kernel that retains its bran, germ, and endosperm layers. They are a versatile and nutritious ingredient used in various food products like oatmeal, muesli, and granola bars. The market for oat groats is expected to grow steadily in the coming years, with a projected CAGR of 4.60% during the forecasted period.
The increasing consumer demand for healthy and natural ingredients, coupled with the growing awareness of the health benefits of oats, is driving the growth of the oat groats market. Oat groats are rich in fiber, protein, and essential nutrients, making them a popular choice among health-conscious consumers. Furthermore, the versatility of oat groats in various applications in the food industry is also contributing to their market growth.
The current outlook for the oat groats market is positive, with manufacturers focusing on product innovation and developing new oat-based products to cater to the changing consumer preferences. Additionally, the rising trend of clean label and natural ingredients is expected to further boost the demand for oat groats in the market. Overall, the oat groats market is poised for steady growth in the coming years, driven by the increasing consumer preference for healthy and wholesome food products.
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Market Segmentation
The Oat Groats Market Analysis by types is segmented into:
• Organic Oat Groats
• Steel Cut Oats
• Other
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Organic Oat Groats are minimally processed whole oat kernels that are grown without the use of synthetic pesticides or fertilizers. Steel Cut Oats are oat groats that have been cut into smaller pieces using steel blades, resulting in a chewier texture when cooked. Other varieties in the oat groats market may include instant oats, rolled oats, and quick oats, which have been processed to varying degrees for quicker cooking times and different textures. Each market type offers consumers unique options based on their preferences for taste, texture, and nutritional value.
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The Oat Groats Market Industry Research by Application is segmented into:
• Humans' Food
• Animals' Food
• Other
Oat groats are widely used in various applications, including being a primary source of nutrition for humans. They are commonly used in cereals, oatmeal, and baked goods. Additionally, oat groats are used as feed for animals, providing a nutritious and wholesome option for livestock and domestic pets. Apart from the food industry, oat groats are also used in other markets such as cosmetics, pharmaceuticals, and industrial applications, due to their beneficial properties and versatility.
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In terms of Region, the Oat Groats 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 Groats market?
Emerging trends in the global oat groats market include the rising demand for healthy and natural food products, shifting consumer preferences towards clean label and non-GMO options, and the increasing popularity of oat-based products due to their nutritional benefits and versatility. There is also a growing interest in sustainable and eco-friendly agricultural practices, leading to the adoption of organic farming methods in oat cultivation. Additionally, technological advancements in processing techniques are enabling manufacturers to develop innovative oat groats-based products, catering to the evolving needs and preferences of consumers seeking wholesome and nutritious food options.
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Major Market Players
Bob's Red Mill is a prominent player in the oat groats market, known for its high-quality whole grain products. Founded in 1978 by Bob Moore, the company has gained a strong reputation for providing nutritious and natural foods. Bob's Red Mill has experienced significant growth over the years, expanding its product offerings to include a wide variety of grains and flours.
Grain Millers is another key player in the oat groats market, specializing in oat-based products. The company has a long history in the industry, dating back to 1986. Grain Millers has grown steadily over the years, establishing itself as a leading supplier of oat ingredients to the food industry.
Quaker, a well-known brand in the oat groats market, has been a household name for decades. The company was founded in 1901 and has since become synonymous with oat-based products. Quaker has a strong presence in the market, offering a wide range of oat products to consumers worldwide.
Sales revenue for some of these companies reflects their market presence and success. For example, Bob's Red Mill reported annual sales revenue of over $100 million, highlighting its strong position in the oat groats market. Grain Millers also reported significant sales revenue, further solidifying its place as a key player in the industry.
Overall, these companies have made significant contributions to the oat groats market, providing consumers with high-quality and nutritious products. Their continued growth and success demonstrate the increasing demand for oat-based foods and ingredients in the market.
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