Global Oat Milk Market is valued at USD 3549.1 Million in 2020 and expected to reach USD 7389.3 Million by 2027 with the CAGR of 9.6% over the forecast period.
Global Oat Milk Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for vegan alternatives, growing cases of lactose intolerance & milk allergies and rising health awareness are some of the major factors driving the growth of Global Oat Milk Market.
Oat milk is plant milk prepared from whole oat grains by extracting the plant material with water. It has a creamy texture and oatmeal-like flavor. It comes in various flavors like sweetened, unsweetened, plain, vanilla or chocolate, and many other varieties of flavors. There are also oat milk products such as coffee creamer, yogurt, ice cream, and chocolate. Oat milk can be consumed to replace dairy milk in vegan diets, medical conditions like lactose intolerance, and an allergy to cow milk. Oat milk was invented in 1990 by the Swedish scientist Rickard Oste. The likability of oat milk is increasing day by day because of its health benefits. Oat milk is a great option for those with dietary restrictions. It is a rich source of fiber; it contains a soluble fiber known as beta-glucan which can help lower blood levels of LDL cholesterol which reduces the risk of heart disease. It also contains vitamins like vitamin B-complex, iron, calcium, and minerals like magnesium, manganese, phosphorus, zinc, and copper.
During the Covid-19 pandemic, the careful steps taken by governments of different nations have led to the temporary shutdown of food production which has shown a decline impact on the growth of the global oat milk market. However, oat milk contains various vitamins, minerals, and fibers that help to strengthen immunity and regular consumption can prevent infections and improves the body’s ability to naturally heal itself.
Global oat milk market is segmented into source, product, packaging type, distribution channel and region & country level. On the basis of source, the market is segmented into organic and conventional. On the basis of product, the global oat milk market is segmented into plain and flavored. On the basis of packaging type, the market is segmented into carton and bottle. On the basis of distribution channel, the global oat milk market is segmented into supermarket & hypermarket, grocery store and online retail.
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By Distribution Channel:
The regions covered in this global oat milk market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of global oat milk is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Major players in the global oat milk market are Califia Farms, Cereal Base Ceba AB, Earth Own Food Company, Elmhurst Milked Direct LLC, Hain Celestial, Happy Planet Foods Inc., Danone, HP HOOD LLC, Pacific Foods of Oregon, Rise Brewing Co. and many others.
On March, 30th 2021; Swedish brand Oatly has teamed up with the Singaporean food and beverage company Yeo Hiap Seng. The reason behind this teamed up is to set up manufacturing facilities in Singapore. These companies investing $30 million for equipment and Ootly Tetra Pack will be produced in Yeo’s Senko way factory. This is the first time Ootly, which uses patented enzyme-treatment technology to create oat milk, and this will be produced outside the U.S. and Europe. This partnership aims to sell Ootly in Chinese markets, and slowly expand to cover more regions in Asia. Manufacturing activities will be overseen by Yeo's in Singapore, and production will begin in the middle of the year. Yeo is a household name in Indonesia, known for its conventional drinks and food products, and partnering with a globally recognized plant-based brand demonstrates that Asian customers are open to plant-based alternatives.
Now a days, consumers are more inclining towards the vegan diets because of animal rights and environmental concerns. This is stimulating the demand for vegan alternatives. In addition, rising awareness regarding health benefits of oat milk is also supplementing the consumption of oat milk because oat milk helps to increase immunity, maintaining blood sugar level, increases digestion, and many other benefits. Oat milk can be used in various food products as an alternative to dairy milk. Oat milk has many health benefits such as it strengthens the immune system, lowers the bad cholesterol in the blood, regulates blood sugar level, strengthens the bone, and other benefits. It has a low environmental impact as compared to dairy milk and other vegan milk products because it needs less land and water for production. Oat milk can be used in baking, ice-cream making, coffee, and lattes. There are various uses of oat milk in food as an alternative to dairy milk. For instance, according to the Journal of Plant-Based Food Association 2018, the plant-based milk category is increased by 9% (compared to 3% the last year), and comprise about half the total dollar volume, at $1.6 billion. Plant-based milk comprises 15% of total milk sales. Plant-based meats growing at an exciting 24% (compared to 6% the last year) topping $670 million in sales. The growth in plant-based creamers has increased by a 131% with $109 million in sales. Plant-based cheeses are growing at 43%, at $124 million. Plant-based yogurts are growing at 55%, at $162 million in sales.
Furthermore, the oat milk is widely used as a substitute for dairy milk. Moreover, growing number of cases of lactose intolerance and milk allergies is also increasing the demand for oat milk. However, tax regulations and easy availability of substitutes may hamper the market growth. In spite of that, it is rich in many essential nutrients and minerals and many people have special dietary restrictions against milk which may offer more opportunities for the further growth of the global oat milk market.
On the basis of region, the global oat milk market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America region is expected to dominate the global oat milk market owing to the growing consumer awareness about the health benefits of oat milk and rising obesity in this region. According to the centers for disease control prevention, obesity in America is increased by 42% between 2017 & 2018.
Asia Pacific is expected to witness a fastest growth in the global oat milk market due to the improved living standards, increasing consumption of vegan diet, growing cases of lactose intolerance, rising awareness regarding health benefits of oat milk. According to the Journal of Food Science and Technology 2016, in Asia Lactose intolerance affects 50% of the population and it affects nearly 100% of the population in some Asian countries. As a result of the absence of cholesterol and lactose, plant-based milk consumption has increased, making it suitable for people with lactose intolerance and heart disease, as well as everyone else.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 3549.1 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 7389.3 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Califia Farms, Cereal Base Ceba AB, Earth Own Food Company, Elmhurst Milked Direct LLC, Hain Celestial, Happy Planet Foods Inc., Danone, HP HOOD LLC, Pacific Foods of Oregon, Rise Brewing Co. and many others|
|Segments Covered||By Source, By Product, By Packaging Type, By Distribution Channel|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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