[Latest] Global Oat Milk Market Size/Share Worth USD 6.09

Austin, TX, USA, March 01, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Oat Milk Market Size, Trends and Insights By Source (Organic, Conventional), By Product (Plain, Flavored), By Packaging (Cartons, Bottle, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Oat Milk Market size & share was valued at approximately USD 2.52 Billion in 2022 and is expected to reach USD 2.98 Billion in 2023 and is expected to reach a value of around USD 6.09 Billion by 2032, at a compound annual growth rate (CAGR) of about 15.2% during the forecast period 2023 to 2032.”

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Oat Milk Market: Growth Factors and Dynamics:

Sustainability Drive: The oat milk market experiences significant growth propelled by increasing consumer preference for sustainable food and beverage options. Oat milk, known for its comparatively lower environmental impact than traditional dairy and other plant-based alternatives, gains popularity among environmentally-conscious consumers, driving market expansion.

Health and Wellness Trends: Consumer health and wellness awareness fuels the demand for oat milk. With its natural, plant-based composition, oat milk appeals to health-conscious individuals seeking dairy alternatives with added nutritional benefits, contributing to market growth in the plant-based beverage segment.

Allergen-Friendly Solution: Oat milk emerges as a preferred allergen-friendly alternative to dairy and other plant-based milk. Being free from common allergens such as lactose, soy, and nuts, oat milk caters to consumers with dietary restrictions or allergies, expanding its market reach and driving adoption.

Versatile Applications: The versatility of oat milk in various culinary applications drives market growth. Oat milk’s creamy texture and neutral taste make it suitable for use in coffee, baking, cooking, and as a standalone beverage, attracting both consumers and food service establishments and fostering market expansion.

Innovation in Product Offerings: Ongoing innovation in oat milk formulations and flavors contributes to market growth. Manufacturers introduce new variants such as flavored, fortified, and organic oat milk to cater to diverse consumer preferences, expanding the market appeal and driving adoption.

Retail Expansion: Increasing availability of oat milk in retail channels boosts market growth. As supermarkets, specialty stores, and online platforms stock a wide range of oat milk products, consumer accessibility improves, driving adoption and market expansion across various regions.

Environmental Awareness: Growing awareness of the environmental impact of food choices drives demand for sustainable alternatives like oat milk. Consumers seek products with eco-friendly packaging, ethical sourcing practices, and minimal carbon footprint, supporting the growth of the oat milk market.

Partnership with Foodservice Industry: Collaboration between oat milk manufacturers and the foodservice industry accelerates market growth. Partnerships with cafes, restaurants, and hospitality chains introduce oat milk-based menu options, catering to the increasing demand for plant-based beverages and driving market expansion in the foodservice sector.

Regulatory Support for Plant-Based Products: Regulatory initiatives promoting plant-based diets and sustainability contribute to market growth. Government support for labeling standards, nutritional guidelines, and sustainability certifications enhances consumer trust in oat milk products, supporting the market expansion and adoption.

Demand from Vegan and Flexitarian Consumers: Growing adoption of vegan and flexitarian lifestyles fuels demand for oat milk. As consumers seek alternatives to dairy products for ethical, health, and environmental reasons, oat milk emerges as a preferred choice, driving market growth among vegan and flexitarian demographics.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 2.98 Billion
Projected Market Size in 2032	USD 6.09 Billion
Market Size in 2022	USD 2.52 Billion
CAGR Growth Rate	15.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Source, Product, Packaging, Distribution Channel and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Oat Milk report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Oat Milk report has been modified to include the COVID-19 impact study prior to delivery.)

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Oat Milk Market: COVID-19 Analysis:

Resilience in Consumer Preferences: The oat milk market demonstrates resilience in consumer preferences during the COVID-19 pandemic. Despite economic uncertainties, consumers continue to prioritize health, sustainability, and plant-based diets, sustaining demand for oat milk and supporting market stability.

Shift towards Home Consumption: The pandemic accelerates the shift towards home consumption of oat milk and other plant-based beverages. With restrictions on dining out and increased emphasis on cooking and meal preparation at home, retail sales of oat milk witnessed growth, contributing to market stability amidst the crisis.

Focus on Immune Health: Heightened focus on immune health during the pandemic drives demand for oat milk fortified with vitamins and minerals. Products offering immune-boosting properties gain traction among health-conscious consumers, sustaining market growth and fostering innovation in oat milk formulations.

Online Retail Expansion: The pandemic prompts accelerated expansion of online retail channels for oat milk. E-commerce platforms become essential channels for consumers to purchase oat milk safely and conveniently, driving online sales growth and supporting market expansion during periods of lockdowns and social distancing measures.

Adaptation to Supply Chain Challenges: Oat milk manufacturers adapt to supply chain challenges during the pandemic to ensure product availability. Strategies such as diversification of sourcing, inventory management, and production optimization support market stability and mitigate disruptions in the supply chain.

Emphasis on Sustainable Packaging: The pandemic reinforces the emphasis on sustainable packaging in the oat milk market. Manufacturers prioritize eco-friendly packaging materials and initiatives to reduce plastic waste, aligning with consumer preferences for sustainable products and driving market growth.

Continued Innovation in Product Development: Despite economic challenges, the oat milk market witnesses continued innovation in product development. Manufacturers introduce new flavors, formats, and packaging innovations to meet evolving consumer preferences and sustain market growth amidst the pandemic.

Support for Local and Ethical Sourcing: Consumers show increased support for locally sourced and ethically produced oat milk during the pandemic. Manufacturers focus on transparent sourcing practices and ethical supply chains, resonating with consumer values and driving market growth through increased trust and brand loyalty.

Collaboration for Community Support: Collaboration between oat milk brands and community initiatives supports vulnerable populations during the pandemic. Donations, partnerships with food banks, and support for frontline workers contribute to positive brand perception and market growth through social responsibility efforts.

Emphasis on Mental Wellness: The pandemic highlights the importance of mental wellness, driving demand for oat milk products associated with comfort and relaxation. Oat milk-based beverages marketed for stress relief and relaxation gain popularity, supporting market growth amidst heightened consumer focus on mental health.

Overall, the oat milk market demonstrates resilience and growth potential amidst the COVID-19 pandemic, driven by consumer demand for sustainable, health-conscious, and versatile plant-based beverage options.

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Key questions answered in this report:

What is the size of the Oat Milk market and what is its expected growth rate?
What are the primary driving factors that push the Oat Milk market forward?
What are the Oat Milk Industry's top companies?
What are the different categories that the Oat Milk Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Oat Milk market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Oat Milk Market – Regional Analysis

In 2022, Asia Pacific emerged as the dominant force in the oat milk market, commanding a substantial revenue share of over 49.0%. This ascendancy can be attributed to a multitude of factors including shifting lifestyles, rapid urbanization, and evolving dietary preferences across the region, all of which have spurred a heightened demand for nutritious food options.

The burgeoning interest in plant-based milk products, driven by an increasing prevalence of cardiovascular diseases and a surge in weight management initiatives, is expected to further fuel market growth in Asia Pacific.

Meanwhile, North America is poised for significant expansion throughout the forecast period, buoyed by a well-informed consumer base with a keen appreciation for the protein content and nutritional benefits offered by oat milk.

The region’s robust e-commerce infrastructure has notably contributed to the proliferation of dairy alternatives, including oat milk. Additionally, the rising incidence of milk allergies and lactose intolerance among North American consumers is anticipated to drive further demand for oat milk products.

In response to evolving consumer preferences, food and beverage manufacturers in the region are increasingly integrating dairy alternatives like oat milk into their product offerings, catering to the growing segment of consumers opting for plant-based dietary options, thereby fostering continued market growth.

Europe commanded a noteworthy share of the market in 2020, largely driven by the considerable consumer demand for vegan and plant-based offerings across the region. Manufacturers within the oat milk market have set their sights on European countries as key targets to bolster their market presence.

An illustrative example of this strategy occurred in 2020 when Califia Farms introduced a long-life oat drink specifically tailored for consumers in the U.K. market. The company aimed to inspire individuals to transition from dairy milk, thereby reducing their environmental impact, and concurrently, to expand the reach of its products within the country.

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List of the prominent players in the Oat Milk Market:

Oatly AB
Quaker Oats Company
Pacific Foods of Oregon LLC
Elmhurst 1925
Hälsa Foods
Minor Figures
Chobani LLC
SunOpta Inc.
Planet Oat
Silk
Ripple Foods
Califia Farms
Blue Diamond Growers
Alpro
Forager Project
Others

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The Oat Milk Market is segmented as follows:

By Source

Organic
Conventional

By Product

Plain
Flavored

By Packaging

Cartons
Bottle
Others

By Distribution Channel

Supermarkets & Hypermarkets
Convenience Stores
Online Retail
Others

Click Here to Get a Free Sample Report of the Global Oat Milk Market @ https://www.custommarketinsights.com/report/oat-milk-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Oat Milk Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Oat Milk Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Oat Milk Market? What Was the Capacity, Production Value, Cost and PROFIT of the Oat Milk Market?
What Is the Current Market Status of the Oat Milk Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Oat Milk Market by Considering Applications and Types?
What Are Projections of the Global Oat Milk Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Oat Milk Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Oat Milk Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Oat Milk Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Oat Milk Industry?

Click Here to Access a Free Sample Report of the Global Oat Milk Market @ https://www.custommarketinsights.com/report/oat-milk-market/

Reasons to Purchase Oat Milk Market Report

Oat Milk Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Oat Milk Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Oat Milk Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Oat Milk Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Oat Milk market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Oat Milk Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/oat-milk-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Oat Milk market analysis.

The competitive environment of current and potential participants in the Oat Milk market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Oat Milk market should find this report useful. The research will be useful to all market participants in the Oat Milk industry.
Managers in the Oat Milk sector are interested in publishing up-to-date and projected data about the worldwide Oat Milk market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Oat Milk products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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