Oat Milk Global Market Report 2022

Oat Milk Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6284384 •
  • Format: PDF
Major players in the oat milk market are Thrive Market, Inc., The Hain Celestial Group, Inc., Rise Brewing, PepsiCo (US), Pacific Food, Oatly AB, Happy Planet Foods (US), Elmhurst, Earth’s Own Food Company Inc, Danone, and Califia Farms.

The global oat milk market is expected to grow from $2.51 billion in 2021 to $2.74 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The oat milk market is expected to grow to $3.7 billion in 2026 at a CAGR of 7.8%.

The oat milk market consists of sales of oat milk by entities (organizations, sole traders, and partnerships) that are used for the preparation of desserts, yogurt, and other dairy alternatives.Oat milk is plant-based milk made from liquefied oats.

It is a lactose-free drink that is widely used as a replacement for dairy milk in the preparation of coffee and tea, various smoothies, and health drinks. Oats are easily cultivated so this makes the products more economic and available at any part of the time.

The main sources of the oat milk market are organic and conventional.Organic is produced by organic methods.

This is produced without the use of synthetic chemicals, which do not contain any genetically modified organisms.The different types include plain oat milk and flavored oat milk and involve various packaging forms such as cartons and bottles.

It is employed in several sectors including food and beverages, nutraceuticals and baby food, personal care, and pharmaceuticals.

Asia Pacific was the largest region in the oat milk market in 2021.North America is expected to be the fastest-growing region in the forecast period.

The regions covered in the oat milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rise in the vegan population is expected to propel the growth of the oat milk market going forward.Veganism is the practice of avoiding the use of animal products, particularly in the diet, as much as possible.

There is rapid growth in the vegan population for various reasons, which include weight management, health concerns, animal welfare, and others.Oat milk offers more vitamin D than cow’s milk, which provides a variety of health benefits including bone and dental health, as well as immune system endurance.

For instance, according to Veganuary, a non-profit organization, more than 500,000 people have joined the vegan community surpassing 2020’s total of 400,000 people. Therefore, the rising vegan population drives the growth of oat milk.

Product innovations are shaping the oat milk market.Major companies operating in the oat milk sector are focused on developing innovative products to meet customer demand and strengthen their position.

For instance, in June 2020, Gold&Green, a Finland-based food technology company launched 100% plant-based protein Pulled Oats.Pulled Oats capitalizes on the rising popularity of a plant-based diet and will attract vegans, vegetarians, pescatarians, flexitarians, and pretty much everyone attempting to eat less meat or looking for tasty and varied protein substitutes.

Pulled oats have a unique fibrous texture that integrates flavors well and can be seasoned to taste.

In December 2021, Fazer Group, a Finland-based food industry that offers plant-based drinks acquired Trensums Food AB for an undisclosed amount.This acquisition helps the company to achieve its goal of becoming a leader in the Northern Europe market.

Trensums Food AB is a Swedish-based company that emphasizes plant-based foods, particularly oat-based derivatives.

The countries covered in the oat milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.