The global oat milk market reached a value of US$ 495.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,062.6 Million by 2027, exhibiting a CAGR of 13.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oat milk is a plant-based, vegan-friendly, lactose-free milk substitute made from oats. Its production process involves soaking, blending, and straining oats. This milk can be consumed in its raw form and as a natural sweetener with added flavorings, such as dates, vanilla, and cinnamon. It has a creamy texture, with the majority of the oats getting absorbed after blending and straining. Oat milk is a natural source of vitamin B, folate, manganese, zinc, thiamine, magnesium, phosphorus, and copper. Commercially available oat milk is fortified with some of the other nutrients, such as iron, potassium, riboflavin, calcium, fiber, and vitamins A and D. Its consumption is associated with numerous health benefits like lowering blood cholesterol and promoting bone health.
The rising inclination towards the consumption of oat milk as an ideal dairy milk substitute across the globe is one of the main factors driving the growth of the market. Other than the similar taste, oat milk is becoming popular due to its health profile and sustainability features. Moreover, manufacturers have started adopting innovative ways to extract oat milk to gain unique selling points and distinguish their products in domestic markets. Nowadays, market players are sourcing high-quality raw materials directly from farmers to make the end-product more cost-effective, which is positively impacting the market growth. Other factors, such as rising number of lactose-intolerant individuals and the availability of oat milk in convenient packaging solutions, are further creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oat milk market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, product, packaging type, application and distribution channel.
Breakup by Source:
Breakup by Product:
Breakup by Packaging Type:
Breakup by Application:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Califia Farms LLC, Earth’s Own Food Company Inc, Elmhurst Milked Direct LLC, Happy Planet Foods Inc., Oatly AB (Cereal Base Ceba AB), Pacific Foods of Oregon LLC (Campbell Soup Company), Planet Oat Oatmilk (HP Hood LLC.), RISE Brewing Co., The Hain Celestial Group Inc. and Thrive Market Inc.
Key questions answered in this report:
How has the global oat milk market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global oat milk market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the product?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global oat milk market and who are the key players?
What is the degree of competition in the industry?