The Global Oat
Milk Market is projected to reach USD 6.47
billion by 2027. The market is fueled by the rising trend of consuming dairy
based cereal alternatives, and growing practices of vegan diet, concerns about
antibody residues, or growth hormones in animal milk. Oat Milk are often highly
preferred by the patients who suffer from heart diseases, anemia, cancer, and
allergic to dairy based products. More than 16% European consumers try avoiding
dairy products for these aids and cholesterol issues.
The
report offers a thorough analysis of the regions with regards to production and
consumption patterns, supply and demand dynamics, import/export, technological
and product advancements, current and emerging trends, consumer demands,
consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better
understanding of the scope and growth of the market.
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Key Players:
Key participants
include Whitewave Foods, Blue Diamond Growers, Daiya Foods Inc., Tofutti Brands
Inc., SunOpta Inc., Fine Japan Co. Ltd., Hain Celestial Group, Galaxy
Nutritional Foods, Inc., Nature's Choice B.V., and Vitasoy Australia
Products Pty. Ltd., among others.
Further
key findings from the report suggest:
- The overall nutritional supplement
sales for children are expected to rise during the forecast period. It was
observed that Chinese and Indian parents were willing to spend relatively
large amounts of money on the health of their children in relation to
family income.
- A new trend emerging in the dietary
supplements market is the need to use organic or sustainable ingredients.
This trend is being driven by two fundamental shifts in this industry: the
need to consume ‘healthier’ ingredients and consumers’ increasing concerns
for sourcing ‘sustainable’ products
- Variations in the price of the
upstream product are expected to influence the production cost of organic
Oat Milk. The cost of production is also an important factor which could
affect the market price.
- Nutraceuticals & Baby Food
sub-segment had a market share of 28.6% in 2019 due to its remarkable
usage of the Oat Milk based formulation for making end-use baby food
products & nutritional additives.
- In July 2020, Starbucks announced
its launch of vegan non-dairy based milk, oat milk in all the stores
across Canada.
- In August 2020, A leading
chocolatier, Lindt, announced that the company is about to release a wide
range of vegan chocolate bars, having the primary ingredient oat milk.
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Market
Segmentation:
Sales Channel Outlook
(Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Supermarket & Hypermarket
- Online Retails
- Others
Form Outlook (Revenue:
USD Billion; Volume: Kilo Tons; 2017-2027)
- Powder
- Liquid
End-Use Verticals
Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Food & Beverages
- Nutraceuticals & Baby Food
- Personal Care
- Pharmaceuticals
- Others
Regional Outlook
(Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Objective of Studies:
·
To
provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Oat Milk market.
·
To
provide insights about factors affecting the market growth. To analyze the Oat
Milk market based on various factors- price analysis, supply chain analysis,
Porte five force analysis etc.
·
To
provide historical and forecast revenue of the market segments and sub-segments
with respect to four main geographies and their countries- North America,
Europe, Asia, Latin America and Rest of the World.
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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