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According to the latest report by IMARC Group, titled " Oat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ," the global oat milk market reached a value of US$ 495.3 Million in 2021.
Oat milk is a plant-based and lactose-free milk substitute that is obtained from liquefied oats. It is vegan-friendly and widely used as a milk replacement in various beverages, such as coffee, tea, milkshakes, smoothies, and health drinks. Characterized by a creamy texture, it is also commonly used in the preparation of lactose-free bakery and confectionery food items, including cakes, muffins, cupcakes and chocolates. It is a rich source of iron, calcium, potassium, folate, manganese, zinc, thiamine, magnesium, and vitamin D. Consequently, it is extensively consumed by the masses due to the innumerable health benefits offered by its consumption, such as promoting bone health, regulating blood cholesterol levels and maintaining cardiovascular health.
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The global market is primarily driven by the increasing incidences of lactose intolerance among the masses. Oat milk is characterized by a neutral taste and high nutritional profile, due to which it is widely gaining prominence as a preferred alternative to traditional milk. This is also supported by the growing health awareness regarding the numerous benefits of oat milk. Coupled with the widespread adoption of vegan diets among individuals, this is expected to create a positive outlook for the market. Moreover, oat milk has a smaller carbon footprint when compared to other lactose-free milk products.
This, along with an enhanced focus on sustainable development, is acting as a major growth-inducing factor. Furthermore, numerous players are now launching cost-effective and flavored milk products in the market to cater to the diverse preferences of the consumers. Some of the other factors contributing to the market growth include rapid urbanization, inflating disposable incomes of the masses and easy product availability through online and offline retail channels.
Looking forward, IMARC Group expects the market to grow at a CAGR of 13.72% during 2022-2027.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/oat-milk-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Source:
• Organic
• Conventional
Breakup by Product:
• Plain
• Flavored
Breakup by Packaging Type:
• Cartons
• Bottles
• Others
Breakup by Application:
• Food
• Beverages
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Grocery Stores
• Online Stores
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
• Thrive Market Inc
1. What was the size of the global oat milk market in 2021?
2. What is the expected growth rate of the global oat milk market during 2022-2027?
3. What are the key factors driving the global oat milk market?
4. What has been the impact of COVID-19 on the global oat milk market?
5. What is the breakup of the global oat milk market based on the source?
6. What is the breakup of the global oat milk market based on the product?
7. What is the breakup of the global oat milk market based on the packaging type?
8. What is the breakup of the global oat milk market based on the application?
9. What is the breakup of the global oat milk market based on the distribution channel?
10. What are the key regions in the global oat milk market?
11. Who are the key players/companies in the global oat milk market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/oat-milk-market/toc
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